Not all Singaporean uncles sit at kopitiam shake leg and gossip whole day. Got one uncle, we call him Ah Tan, age already 45, but this one damn solid – he got brain, got patience, and got strategy. While other people play 4D and Toto hope to strike big, Ah Tan slowly play stock market, use something called “covered call” to earn kopi money… in the end, he pay off his HDB loan earlier than expected.
Covered Call Not Some Ah Beng Gambling
Ah Tan not anyhow play one. He buy stocks properly, mostly those big brand companies that give dividend, like DBS, Singtel, or even some US blue chip stocks like Coca-Cola or Apple. But hor, instead of just waiting for stock price to go up, he use one clever trick: covered call.
This method not risky gambling. He already own 100 shares of a stock, then he sell the “option” to let someone buy from him at higher price. If the price never reach, he still keep the money. This option money every month come in like side income. Steady right?
He tell his wife, “This one like I rent out my stock to people for short term, but I still own the stock. Better than leave in bank earn 1.5% only.”
Every Month Like Got Bonus
Some months, his covered call strategy give him $300–$500 extra. Add this to his dividend income, plus his normal salary from working in logistics, he put everything extra into his HDB loan.
He say, “Every time I earn from stock market, I don’t go eat buffet or buy new phone. I straightaway top up HDB loan. Don’t want to owe government too long.”
Wife also shocked – thought they must take 25 years to clear the loan. But in 12 years, fully paid. Even the HDB officer also blur when see balance become zero so fast.
Slowly Win The Race
Now Ah Tan no need to worry about housing loan. He still do covered calls every month, sometimes even teach his nephew how to do. But he always say, “Must study first, don’t rush. Covered call not magic, is discipline.”
People who laugh at him last time now all start asking him for tips.
Moral of the story? Don’t just sit and complain life expensive. Learn how to make your money work for you — like Ah Tan, can pay off house early, live stress-free, and still got kopi money come in every month. Steady lah.