In the current economic climate, it is heartening to learn that MoneyOwl has decided to lower the fees for its investment services. This is definitely staying true to its social mission of enabling everyone, including ordinary Singapore working families, to manage their money well to reach their life goals no matter what happens. This article […]
How I Maximise DBS Multiplier Account Interest Rate After 1 August 2020
Heartland Boy has been an avid and loyal user of the DBS Multiplier since its first revamp in 2017. He convinced Heartland Girl to jump on the bandwagon and they each own a DBS Multiplier Account under their respective names. Furthermore, they harnessed the advantage of being a couple to multiply their interest income to […]
How I optimise my home loan repayment strategy after refinancing
Earlier this week, Heartland Boy and Heartland Girl went to the lawyer’s office to sign their new home loan facility agreement. This was the next step after accepting DBS’s Letter of Offer in June. Before making their way to the lawyer’s office, a key decision was made on how to split the home loan repayment […]
Review of Etiqa Elastiq Insurance Savings Account
(Source: Etiqa) Lately, insurance savings accounts/policies have increased in popularity as banks are slashing interest rates on their flagship high interest rate savings accounts. Heartland Boy blogged that he had also unabashedly jumped onto the bandwagon by parking a total of $30,000 with Singlife and Dash EasyEarn. The next exciting product in line under his […]
High-Yield Savings Accounts Reduce Interest Rates Again [Updated]
On 1 April 2020, the top 3 local banks announced revisions to their respective flagship savings accounts. Strangely, Heartland Boy actually experienced an increase in interest rates with the OCBC 360 Account because it reduced interest rate on segments that did not affect him. However, he knew that this would not last long as it […]
How To Reduce Your Personal Income Tax Cashflow In Singapore
In an article published a couple of years back, Heartland Boy guided that it is possible to save on income taxes in Singapore by taking these actions: 1.Participate in SRS 2.Top up your CPF SA 3.Cash top up your CPF Medisave 4. Top up your parents’ CPF Accounts 5. Donate to approved institutions Even till […]
Household Expenses And Lifestyle Changes Post Circuit Breaker
As Singapore exited from its Circuit Breaker on 2 June, it marked the end of a nationwide experiment on social restrictions. Even as Singapore gradually resumes the reopening of her economy, Heartland Boy realizes that some components of his lifestyle have changed dramatically. As a white-collar worker not operating in essential services, Heartland Boy […]
REVIEW OF NTUC INCOME’S 2-YEAR ENDOWMENT PLAN: GRO CAPITAL EASE
This June, NTUC Income (“Income”) has launched their new short-term endowment plan –Gro Capital Ease, which offers a guaranteed yield at maturity of 1.85% p.a.1. Here is Heartland Boy’s review of Income’s Gro Capital Ease. INCOME’S 2-YEAR ENDOWMENT PLAN: GRO CAPITAL EASE If you are looking to invest in a short-term endowment plan, look no further […]
Sinopec Kantons Holdings Limited: Initiation Report
Sinopec Kantons Holdings Limited (‘Sinopec Kantons’) is a major oil and natural gas logistics service provider in China and listed on the Hong Kong Stock Exchange. As a red chip, Sinopec Kantons (ticker code 0934 HK) IPO-ed in 1999 at HKD1.02. It is the midstream logistics arm of Sinopec Group (HKEX: 0386), an oil major […]
How I Easily Saved Over $14,000 By Refinancing My Home Loan
If you missed out on the recent stock rally and are suffering from FOMO hangover, an indirect way to still participate in it is to refinance or reprice your home loan. In March 2020, the US Federal Reserve reduced the benchmark interest rate to between 0% -0.25% to resurrect the flailing US economy. As a […]
