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Rich By Retirement: How Singaporeans Can Invest Smart and Retire Wealthy
Updated for 2019!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.
176 pages, Paperback
Published July 9, 2017
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Displaying 1 - 3 of 3 reviews
July 10, 2020
Now I am going to be rich by retirement :-))
June 23, 2021
I have heard a lot about Rich By Retirement. It's really popular among new investors in Singapore and now having read the book myself, I can understand why.
The concepts of investing are presented in a clear and straightforward manner. Most of these concepts are not new and are well-discussed in the many investments guides available. The recommended fund allocation to ES3/MBH/VRWA is in fact, a modification of the Boglehead Three Fund Portfolio, tailored for Singaporean investors. The book is short and easily digestable with none of the chim finance terms that often scare new investors away.
Definitely a great place to start for newbie investors.
The concepts of investing are presented in a clear and straightforward manner. Most of these concepts are not new and are well-discussed in the many investments guides available. The recommended fund allocation to ES3/MBH/VRWA is in fact, a modification of the Boglehead Three Fund Portfolio, tailored for Singaporean investors. The book is short and easily digestable with none of the chim finance terms that often scare new investors away.
Definitely a great place to start for newbie investors.
October 10, 2022
A very good book that is indeed catered to Singaporeans. I liked how Giersch made investing so easily digestible, even for the layman.
However, not necessary every advice given holds true for everyone. For example, the idea of investing a huge portion of your wealth into stocks compared to bonds is good, but not for those who are very conservative. Such choices still depends on the individual's risk appetite.
Treating CPF as a good source of investment (under the "bond" category) is also questionable, as the money cannot be taken out until we are at old age. Should we decide to aim for earlier retirement, say at age 45 or 50, then all these money pooled in would just be locked up. Again, it is up to the individual's perception and plans.
Nevertheless, I find this book well-written, with plenty of sound advice given, and many solid examples to convince the average retail investors on why Giersch's logic made sense and should be heeded. Overall, this is a good and short book that can get anyone interested in investment started.
However, not necessary every advice given holds true for everyone. For example, the idea of investing a huge portion of your wealth into stocks compared to bonds is good, but not for those who are very conservative. Such choices still depends on the individual's risk appetite.
Treating CPF as a good source of investment (under the "bond" category) is also questionable, as the money cannot be taken out until we are at old age. Should we decide to aim for earlier retirement, say at age 45 or 50, then all these money pooled in would just be locked up. Again, it is up to the individual's perception and plans.
Nevertheless, I find this book well-written, with plenty of sound advice given, and many solid examples to convince the average retail investors on why Giersch's logic made sense and should be heeded. Overall, this is a good and short book that can get anyone interested in investment started.
Displaying 1 - 3 of 3 reviews