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Rich By Retirement: How Singaporeans Can Invest Smart and Retire Wealthy
Updated for 2021! Finally there's an investment guide written just for Singaporeans. Rich By Retirement gives simple, low-cost investment advice that's tailored for the Singaporean market and for Singaporean investors. It'll help you get started with investing - in Singapore and in overseas markets; you'll learn how to save and invest for the long term; and you'll even have some fun along the way. Here's what you'll * How to start an emergency fund to cover those unexpected expenses; * Whether you really need all those insurance policies; * How to invest in Singapore without paying high costs; * How to buy into overseas markets and diversify your investments; * How to turn your first investments into an investment that'll last the rest of your life; * How to spot - and avoid! - an investment scam; * And ten simple rules for investing for the long term. Rich By Retirement is friendly and easy to follow, so you can read it and put the investment strategies into action straight away. It's written for the regular investor, so anyone can use its advice, whether you're a new investor or already well-off. And the book explains why you're doing what you're doing; you get more than just a strategy, you'll learn how and why it works.
181 pages, Kindle Edition
Published August 15, 2016
97 people are currently reading
179 people want to read
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Displaying 1 - 22 of 22 reviews
January 3, 2018
Straight to the point advice, highly relevant to Singaporeans, easily digestible and highly actionable
April 5, 2018
A quick, easy and applicable read.
February 20, 2019
For the average Singaporean who is not familiar with investing and financing for retirement, this book is a godsend. It literally spoonfeeds you on what you should and should not do, and maximises returns with minimal effort/risk over a long time horizon (the author had pretty much done the required math for you). There is also pretty decent advice on what you should avoid (junk bonds, high fees, the majority of insurance products, penny stocks etc).
Do note that you will neither get “rich” nor “wealthy” from following whatever is in this book, in relative Singaporean terms. At best you’ll live a rather modest retirement (without needing to worry about driving a taxi or selling tissues to make ends meet).
A good introductory book if you’re just starting out with long-term investing, but it should not be the last book you read about the topic.
Do note that you will neither get “rich” nor “wealthy” from following whatever is in this book, in relative Singaporean terms. At best you’ll live a rather modest retirement (without needing to worry about driving a taxi or selling tissues to make ends meet).
A good introductory book if you’re just starting out with long-term investing, but it should not be the last book you read about the topic.
May 25, 2021
read the 4th edition released in 2021. (important - the recommendations have been updated compared to the older version!) excellent and enjoyable read for beginners in singapore to learn and start with investing, although there's still a lot of jargon used in this book. but it's inevitable i guess.
however, i feel that it would still be important to dyodd online, read forums and finance blogs to double check facts or get second opinions.
e.g., author didn't mention how doing less frequent lump sum is more worth it than monthly DCA if using SCB to buy global ETF.
it would've been good to mention also that for IBKR, if the user is 25 years and below, the monthly fee is waived for first 3 months and capped at USD 3 per month for maintenance fees. i wish i read this book when i was younger!!
however, i feel that it would still be important to dyodd online, read forums and finance blogs to double check facts or get second opinions.
e.g., author didn't mention how doing less frequent lump sum is more worth it than monthly DCA if using SCB to buy global ETF.
it would've been good to mention also that for IBKR, if the user is 25 years and below, the monthly fee is waived for first 3 months and capped at USD 3 per month for maintenance fees. i wish i read this book when i was younger!!
October 15, 2018
One of the most useful personal finance book I've read written for the average Singaporeans
Awesome personal finance advices and easy to absorb for any layman interested in investing for retirement. Especially useful if anyone who is looking for a ETF investment/retirement strategy in a Singaporean context.
Awesome personal finance advices and easy to absorb for any layman interested in investing for retirement. Especially useful if anyone who is looking for a ETF investment/retirement strategy in a Singaporean context.
September 1, 2018
Practical and useful for someone totally new to investment like myself. If you have no idea where to start, this is a good primer. Advice is tailored for Singaporeans, strategy is easy to understand and neutral. Author is not selling anything.
February 23, 2020
Good for Singapore specific advice
The book doesn’t have ground breaking advice, but what is there is sensible and importantly, takes into account Singapore specific quirks. Worth it for that alone.
The book doesn’t have ground breaking advice, but what is there is sensible and importantly, takes into account Singapore specific quirks. Worth it for that alone.
February 4, 2018
Straight-talking and easy to understand; great book for newbies like myself.
August 17, 2018
This guy sells me ETF straight. Totally make sense!
November 16, 2019
If his methods works, only time will tell..But end of the day he makes sense and gives advise that is sensible and easy to follow for the amateur investor
March 14, 2020
Best book I have read this year. Thanks Joshua
May 18, 2020
The most clear and concise Investing 101 book I've found for Singaporean Investors
June 23, 2020
easy to read and understand for beginners like me. follow-up advice in hardwarezone forum
March 21, 2021
Two words rarely seen together when describing a finance book: Hilarious and informative.
This book embodies that.
This book embodies that.
February 2, 2023
Only 4 stars because it’s a bit outdated, otherwise a really good read! Not boring at all, easy to understand, and very informative. Hope there will be a new edition soon!
May 27, 2024
Easy to understand and makes sense! Can only wish I bothered to read this sooner...
July 14, 2024
Good as a first book for a Singaporean looking to start his investment/ retirement plan. Recommended to read “The Simple Path to Wealth” for reinforcement once you completed this book.
May 28, 2025
Quite fast and good read. Hope it works.
August 22, 2023
It would great if the author can update the book post pandemic (2023), and also consider/recommend the new barrage of brokerages that are sprouting up in Singapore like Tiger Brokers and Moomoo. Great beginner book who knows peanuts in starting the investment journey in Singapore.
October 7, 2020
Information may be slightly outdated at this point, but this is still a very good book for those in Singapore that goes through the basics of the why and how of long term investing, with its biggest selling point being that it directly tells you what to do. Still a good pickup at this point for those who want to start their investment journey but don’t know how to do so.
October 31, 2019
This is still very relevant in October 2019. A very good and engaging introduction to investing if you are living in Singapore.
June 4, 2018
Easy to understand. good book for beginners who are interested to get started in investment, but as you'd expect, it's a book to get rich by retirement, not get rich in 5-10 years. It shows a clear cut way on how to invest your money in a low risk manner in the singaporean's context but if you are looking towards individual stocks or REITs, you may need other books.
Displaying 1 - 22 of 22 reviews