Interesting book to read: Rich by Retirement – How Singaporeans can invest smart and retire wealthy

Rich by Retirement is written by Joshua Giersch – angmoh (Singapore slank for foreigner that’s not from Asian countries) who was born in Australia and had stayed in Singapore for quite some time before moved to US. While Joshua was in Singapore, he worked on the financial industry and was active in HardwareZone Money Mind forum. From these 2 exposures, Joshua saw that there were many people in Singapore who still didn’t know how to invest (in a proper way) or didn’t know how to maximize their hard-earned money utilizing on what Singapore already has (such as CPF). And due to that reasons, he created Indiegogo page to fund a book (this book) that show and tell how one can be wealthy in Singapore. So this book is intended mainly for Singapore residents – be it Singaporean or anyone who stay and live in Singapore – to show ways how one can get rich by the time they retire the Singapore-way. The book now is in 3rd edition already (2019 version).

If you are Singaporean or happen to stay and live in Singapore, and looking for a way to invest the Singapore-way with the intention to get rich by your retirement, this is the book to read.

Book Summary: Rich by Retirement – How Singaporeans can invest smart and retire wealthy

Using the book, the author showed how one can manage his/her money on his/her own and do his/her own investment (thus called Personal finance) without the help of professional money managers. The author also told on the reason why you want to do this on your own and not involving the professionals (spoiler: because your interest and these professionals’ interests likely to be different where your interest is to grow your money and become wealthy whereas these professionals are to get money from you as much as possible – in forms of fees and many thing else).

Few key take aways you can get from reading the book are these:

  1. Before starting to invest, a) to Start an emergency fund that can cover your life for 6 months and b) to insure yourself with hospital plan and if you have people dependent on you, get a term life insurance that can cover 5 years of your income in case something bad happen to you.
  2. Once you have done that, only then use the money allocated for investment and split it into 2 buckets: Stock bucket and bond bucket. Invest in stock for capital growth and dividends and invest in bond for income and stability.
  3. Using the formula “110 – your age”, this is the money that goes into your stock bucket. Then the remaining sum goes into bond bucket.
  4. On the stock bucket, split into another 2: first half goes into your Singapore ETF-based stocks and the second half goes into ETF-based international stocks.
  5. On the bond bucket, invest in ETF that tracks Singapore bonds.
  6. Each months, invest a regular amount into the same ETF, put into whichever fund you are short of.
  7. Then twice a year in May and November, rebalance your portfolio by selling and buying ETF to bring your portfolio back to (110 – age) proportion.

Inside the book, Joshua will also teach you why you should invest in ETF rather than invest in individual stocks or Unit Trust (spoiler: because of high fees). Joshua also teach on how to maximize CPF as one of the vehicle to get rich (spoiler: consider CPF-SA 4.5% interest as long-term bond). He also give recommendation on which ETF is the good one to invest into and the reasons why.

Book Review, Reason on why I read this book & why you should read this too

I’m in my mid 30’s, staying and living happily in Singapore. Back when I was still studying, I never got lessons from schools on how to do investment. My parents only taught me to save enough so that I have the money to do whatever I want, but never specific on investing (or investing instruments to go for). Now on my adulthood, I realized so many missteps I have done, especially for not doing investing as early as possible. With the help of this book (on how to do it the Singapore-way) and various other sources, I have started catching up with my lacking in investing.

Reading this book opened my eyes on what I can do with my CPF account to maximize the returns, SRS account to get tax relief and list of good ETF to buy and invest into. This book also opened my eyes for criteria of good brokers and more importantly, reading the book fully opened my eyes that all these investment things I can do them on my own without the help of financial professionals or money managers, so that all the actions taken are to best-serve my own interests and not those professionals.

Where you can get & read Rich by Retirement – How Singaporeans can invest smart and retire wealthy

In case you are also interested with this book, here’s where you can get the book.

1) Amazon


Alternative link in case you can’t see the link above: Rich by Retirement – How Singaporeans can invest smart and retire wealthy (ebook).

Physical book (Paperback):

Alternative link in case you can’t see the link above: Rich by Retirement – How Singaporeans can invest smart and retire wealthy (paperback).

If you are getting the digital copy, here’s where you can read the book:

AndroidKindle app for Android
iOSKindle app for iOS
KindleKindle tablet on Amazon
macOSKindle app for macOS
WindowsKindle app for Windows

Note: If you buy anything from Amazon using any of the links above, I shall earn a small commission at no extra cost charged on your purchases.

2) Local library

Head to your local library or log in to your local library app to find and rent this book.

Here’s the book ISBN number to help you search the book in library.


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