A recent article on Straits Times about Torque and Singaporeans investors losing their life savings serves as a stark and timely reminder. The most important rule of investing is to never invest money that you can’t afford to lose. Here is a short blog post on why it is important to only invest money that […]
Financial freedom cost US$3.2 million in Singapore, I find out what’s the amount for my household
An article originally published on South China Morning Post stated that the threshold for financial freedom in Singapore was US$3.23 million (approx. S$4.33 million), placing it seventh on the list of 11 global gateway cities. The article got picked up by AsiaOne and quickly went viral on the personal finance community, largely because of the […]
Review of GREAT EASTERN 3-Year Online Endowment Plan: GREAT SP SERIES 3
I previously signed up for Great Eastern GREAT205 in 2017 with my Supplementary Retirement Sum (‘SRS’) funds. As it was a 3-year endowment plan, I received the full maturity benefit of 106.33% (inclusive of Maturity Benefit, which is 100% of the single premium) when the policy reached maturity in late 2020. After that satisfactory experience, […]
Review of Singtel Dash PET: Up to 1.7% p.a., capital guaranteed!
Given the need for central bank to keep the cost of borrowing low to stimulate the economy, banks had also lowered interest rates on their flagship savings accounts in tandem. Gone were the days when we could easily pocket ~2% – 3% interest rate p.a. effortlessly. Having been accustomed to such returns, it is little […]
My NTUC Income Dependants’ Protection Scheme (DPS) Now Administered by Great Eastern
Several massive changes are happening to the insurance sector on 1 April at once and its coincidence is certainly no April’s fool joke. I wrote about how some insurance providers are replacing existing ISP with full insurance riders from 1 April onwards. On the same day, all Dependants’ Protection Scheme (‘DPS’) policies will also be […]
Why I Bought The Lion-OCBC Securities Hang Seng Tech ETF
Lion-OCBC Securities Hang Seng Tech ETF is an ETF that I have been monitoring for some time. I have watched regrettably from the sidelines as its share price soared 35% swiftly above its IPO price despite listing less than 3 months ago. There was a slight correction in technology stocks in the beginning of March […]
Existing Integrated Shield Plans With Full Insurance Riders Are Being Replaced
A massive piece of news enveloped the private health insurance industry just before the Chinese New Year. It was reported by the Straits Times that several private insurers are moving existing integrated shield plans (‘IP’) that comes with full riders towards IP with co-payment features upon their respective policy renewals. This pivot by the private […]
Low-cost online brokerage platform moomoo (by Futu) has finally arrived in Singapore!
The r/wallstreetbets movement that captured the attention of the investment community have demonstrated the potential provided by new online brokerage platforms. Not only have its rising popularity disrupted the traditional brokerage business model, online brokerage platforms have also reduced friction for retail investors to access global investable products. Indeed, they generally appeal to young investors […]
Review of Dividend Machines By The Fifth Person
I attended Dividend Machines conducted by The Fifth Person on 22 February 2020. To put things into context first, the Straits Times Index (‘STI’) closed at 3181 points during that week, just before the COVID-19 spiralled into a global pandemic that sent hasty shockwaves to global equities. Just a month after the course, I utilized […]
Cruise To Nowhere: Review of Royal Caribbean Quantum of the Seas
A cruise holiday has always played second fiddle in my vision of an ideal holiday. Therefore, it is hardly surprising that I have not been on one in more than 2 decades. However, that all changed recently after my experience on Royal Caribbean’s Quantum of the Seas. Stuck without a holiday since Nov 2018 and […]
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