Recent Comments

  • Calvin Yeo { Hi Patricia, yes I do realize that as I have been really busy!! Will be holding a talk to discuss my portfolio with my ex students tomorrow so will put ... } – Sep 22, 11:05 AM
  • Calvin Yeo { Hi SY, I just double checked, only $155k gets transferred to RA, the rest of your OA and SA will stay as it is. } – Sep 22, 11:04 AM
  • Calvin Yeo { Hi sw, yes that's correct. But it will be at a different rate. See http://mycpf.cp s/Gen-Info/Con- Rates/ContriRa. htm } – Sep 22, 11:02 AM
  • Patricia { hello Calvin you have stopped updating your investment portfolio for us (readers) to have a that share prices has gone north, I find it challenging to buy into any ... } – Aug 28, 6:30 AM
  • SY { Let's say in a scenerio as follows: Age: 54 OA: 150K SA: 150K At age 55, OA and SA will close down and 300K will be transferred to RA to ... } – Aug 27, 11:58 AM
  • sw { Hi,if continue working after 55, the monthly cpf contribution will go to OA,MA and SPA . } – Aug 27, 1:42 AM
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Wealth Consulting

At Calvary Wealth Consultants, we strive to help our clients create their desired wealth through mainly consulting and education.

For any enquiries, please contact Calvin Yeo at

For more information about Calvin Yeo, please go to About Calvin Yeo


Wealth Consulting

Wealth Consulting is about creating a road map required to meet our client’s needs and goals. The comprehensive road map covers many areas including managing risks, debt, lifestyle choices, multi-asset investments and so on so as to be able to achieve your desired goals.


Wealth Education

For clients who are interested in DIY (Do It Yourself) investing or to educate themselves, we also offer wealth education courses. The current course being offered right now is The Invest For Passive Income Basic Course.


Invest For Passive Income Basic Course

This is a basic one day course which is suitable for people who have little or no knowledge and may also serve as a good refresher to those who have been doing their own investing for sometime. Due to the wide scope to be covered, this course is to give a good overview of all of the investible asset classes and basic wealth planning. Topics which drill down to detailed fundamental analysis will be covered in advanced courses later which focus on a single asset class at each time.

For the course outline, Please go to Course Outline For Investing For Passive Income Course

For our personalized Wealth Consultation, Please contact Calvin Yeo at


30 Responses to “Wealth Consulting”

  1. Hi Calvin,

    I just came across your website. Dividend stocks are what i am now going into for regular income stream. I am interested in planning a portfolio and like to get some advice. Note i communicate only by email.

    Bill Ang

  2. Miichelle says:

    Hi Calvin,

    I am interested in making some passive incomes… However, i am very green in this stocks and REIT.. could you please explain further to me? Thank you so much…

  3. Michelle says:

    Hi Calvin,

    Thanks for the links.
    Reading your posts now.
    Will try to absorb and figure out the whole scenarios.
    Thanks again!!

  4. Hi you think the upcoming Felda IPO is worth looking into?

    • Hi Katy,

      To be frank, I am not very interested in it as anything linked to the government has political and execution risks. Besides the dividend yields are sub 4%, so it’s not very attractive in my opinion.

  5. Winston says:

    Hi Calvin,

    Been browsing through your website and I have benefited greatly from it. Was wondering what are your takes on China companies listed in the SGX? Though they have been battered by corporate scandals and accounting frauds, some of them have been selling at prices lower then their Cash per share. Will you consider them as a buy? Thanks

    • Hi Winston, personally I am not invested in any S-Chips and I don’t intend to. Absent the regulatory oversight, there is really no way to do actual due diligence and I don’t really trust their numbers, no matter how good they look. It is really difficult to determine which one might be end up being a financial scandal and which one is genuine.

  6. Hi Cal, what would you recommend for a 26 year old who currently has 160K but has to pay off 100K for his parents home debt due to his parents losing their job. Paying off means my parents own the home 100%, but that also means a bulk of my capital is gone.

    I was saving up to buy my first rental property in SG, once property prices drop, but seems this hope is getting further and further away.

    Was also looking at high yield reits like Lippomall, and thinking of parking cash there. With a dividend of over 7%, it seems like a very attractive alternative to property. Trading below its NAV price makes it look even better..whats your take, thank you.

  7. Hi Calvin,

    I run a ETF wedsite at and im putting together a income portfolio ( consisting of different income generating assets. I have reviewed your websites especially on SREIT & MREITs, and wonder what the market is like for un-listed SREITs?

    All the best!

    • Hi Johnni,

      I am not familiar with unlisted SREITs. There are some private equity funds which have vehicles for property investments, but the structure may vary from fund to fund. The primary way to get access to this funds is either through private bankers or introduction to the fund by somebody. However, unlisted REITs are generally very illiquid with limited secondary market. Also, they have a limited lifespan as that is the primary way for investors to exit the investment, compared to listed REITs which have unlimited lifespan. Generally, I don’t see much advantages in investing in an unlisted REIT versus a publicly traded REIT.

  8. PKhunter says:

    Hi Calvin

    Thank you for this incredibly informative and helpful website. Really appreciate your sharing tips and thoughts for simpler people like myself who do not have a financial background.

    Thank you!

  9. Hi Calvin,

    Would you recommend the buying of banks’ pref shares in the mkt for earning of interest income as i’m not exactly pro with equity investment e.g. OCBC 4.5% NCPS? I’m assuming I can get 4.5% yield p.a. and the principal should be relatively secure given this is SG bank? What r your thoughts/ advice?


    • Hi yongji, I wouldn’t invest in the preferred stocks. 4.5% is too low given no upside in dividends. There are many stocks giving above 5% yield, even the bank common shares can get about 4% yield and higher. Besides, you have to look at the buying price, if you are buying at a higher price, the yield may not be 4.5%.

      Preferred stocks are similar to perpetual bonds except that they are junior in liquidation claims, you can see the article which I wrote about the Genting perpetuals and why I do not like them. If the bank does not redeem your preferred stocks, the only exit is to sell. In a good economy, the preferred would under perform as they cannot get any upside from increased dividends.

  10. hi Calvin – what do you think of Schroders Asian income Fund? This has a potential annual payout of 6% which will be paid monthly…
    Upfront fee 3% no redemption fee..


    • Hi katy,

      If you have been following my website, you will know that I typically do not recommend unit trusts due to the high expense nature, non-transparency and high upfront costs.

      Management fee is at 1.25%. Asset allocation ranges are Asian equities 30-70%, Asian Fixed Income 30-70%, Others 10%, Cash 0-30%

      Looking at the fund though, it seems to have done rather well since inception and have given around 6% distributions/NAV paid out annualized. However, remember that the market is on a huge bull run, my overall Singapore stock portfolio has risen close to 20% since end last year, so a 7% increase over the same period is not exactly spectacular. When you wonder how they can give out dividends so consistently, that’s where you have to look at the fine print within the prospectus.

      “Distribution Policy
      It is the current intention of the Managers to make distributions at a fixed percentage of 6% per annum of the NAV per Unit to Holders of the Schroder Asian Income on a monthly basis on such date as may be determined by the Managers.
      The Managers have the absolute discretion to determine whether a distribution is to be made. The Managers have the absolute discretion to review and make changes to the distribution policy (including the distribution amount and the frequency of distribution) from time to time.
      In the event that income generated from the investments of the Schroder Asian Income is insufficient to pay distributions as declared, the Managers may in their discretion determine such distributions be paid from the capital of the Schroder Asian Income. Where distributions are paid out of capital of the Schroder Asian Income, the NAV of the Schroder Asian Income will be reduced.”

      Now you see why the payout is so consistent. The payout is fixed regardless of how much income the investments recieve. In the event that the income falls below distribution, they have the discretion to pay out from capital, reducing NAV.

      I wouldn’t be interested in investing in this.

  11. Anonymous says:

    re unit trust -thank you for your comments:)

  12. Hi Calvin,

    Do you think it is a good time to buy in Starhub now?


    • Hi GT, the yield for Starhub at current price is about 5.5%, which is still quite respectable. If you can accept that, then you can consider. However, I do not find it cheap as it was trading at 7% yields for most of last yeaer.

  13. Hello calvin. im currently 25 years old and just started working for 1 year plus. During this one year plus working in the coporate world, i understand that theres a need for me to have some passive income in order to fight against the inflation and live well. In fact i have a surplus of 10k in my savings account and wish to do some investment but i know nuts about all this. Really appreciate if you are able to give me some guidance as im really a green horn in all these investment or passive income but definately willing to learn and hear from you. Thanks!

    • Hi eddy, you can start by going through the basic posts in this website on why you should invest and understanding valuations. I have written more than 100 posts, so there is plenty of information there. A good way to start is to invest in 1 or 2 good dividend counters and experience owning, evaluating the stock and receiving the dividend!

  14. Hi Calvin,

    I follow your blog regularly and like your posts.
    Will you be starting a advanced course in investing on valuing companies or publishing a investment book in the near future?

    • Hi Han Leong, yes I do have a more advanced course coming up in next year probably around March. I will email you the details when it is ready.

      Publishing a book, yes I have thought about it, but need some time given my busy schedule.

      Thanks for following!

  15. Hi Calvin,

    How much free cash flow /investment that we need to have on hand in order to have a meaningful personal consultation on investment/planning with u.

  16. Hi Calvin,

    I follow your blog regularly and like your posts very much.

    Just like to seek your opinion on the recently introduced product by POSB called “POSB Invest Saver”. It basically invests in the Nikko AM Singapore STI ETF. What do you think of this ETF? Do you think it’s worthwhile for the first time investor? Thanks.

    • Hi Chua, thanks for reading! With regards to the STI ETF, I do recommend it as a proxy to the Singapore market and especially to people who do not want to do too much research into individual companies. However, I feel that the costs for the POSB Invest Saver are little bit too high and not worth it over the long run. I shall write a post on this shortly.

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