In my previous post about Ez-link Trival here Ez-link deal , they have upped one more level by allowing Mastercard in their Ez-link payment option.
The Deal
You can now earn an easy S$10 just by logging into their app, there will be an option to use Mastercard to pay for items via Google Pay.
EZ-Link and Mastercard have partnered to launch a new feature called Pay by Wallet.
This would add virtual Mastercard functionality to your EZ-Link Wallet (Google Pay). You can then spend these at more than 80 million Mastercard online and in-store merchants worldwide. Unfortunately, it is only available for Android users for now.
Free S$10
As like any new players in the market, the launch of Pay by Wallet, EZ-Link is offering an instant S$5 credit to users who activate Pay by Wallet on the EZ-Link App.
Do note that you will get an additional S$5 cashback will be credited to you when you make a minimum spend of S$10 within 30 days of signing up. The promotion is not unlimited, please take note.
Should you be interested to sign up for this, do download the Ez Link App and key in my Referral code: 3197B5C
Some Pointers to note
a. This campaign is limited to the first S$100,000 of cashback or the first 10,000 new EZ-Link Pay by Wallet user sign-ups, whichever comes first
b. Next, note that certain transactions are not valid here at T&Cs such as donations, education, government services, hospitals, utilities and AXS. (Standard Stuff)
c. Additional perks:
For every successful Pay by Wallet transaction of at least S$80 made by 31 July 2022, earns you one entry into a lucky draw with the following prizes. (All prize winners will be contacted latest by 30 September 2022):
1N staycation at Equarius Hotel or Hotel Michael with breakfast for two (3x winners)
A pair of Universal Studios Singapore tickets (80x winners)
Conclusion
Again, nothing much to shout about. To make more value for your buck, something to play around with if you have some time.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check out my referral links.
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
The pictures were taken from EZ-link website for this article.
Money Owl has been the regular investing strategy monthly for about close to 2 years. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
This is really a small part of my portfolio at $100 monthly RSP for around two years for now. I Probably will stick with MO for now just to compare them versus Endowus. I like the management team, honest and no conflict of interest. Maybe I add on other investment strategies on their platform if the timing is right.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction
As a retail investor, you will most likely not be able to access such funds (Dimension Funds). When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail is kind of king now.
Context
My MoneyOwl Portfolio is one that does not hold a lot. It isn’t my main Robo Portfolio but they kind of become slightly more trusted over the last few months. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot. I still envy folks who are in the twenties and build their portfolio early.
However, when you are young – Money is a limited resource. As usual, personal finance also have to revolve around each individual situation and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
Mar 2022 performance (Day One Deposit)
In portfolio terms, it is up +8.56% and compared to my last review in Aug 2021 which was at +18.30% on 2 Sep 2021, it has dipped quite a bit in terms of percentage points. The portfolio size isn’t something great. Just a net deposit of $3,200. I kept the regular investing of $100 per month and it’s looking rather slow. I might increase this monthly amount to build the base up a little more. 2022 has not been kind to the markets and will continue to do so. So far, the defensive nature is what I have seen as a plus point.
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +24.63%. Again, this return is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
f. Recently, the russia exposure was mentioned to investors that it was removed and likely due to the sanctions.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$100,000 and below, there will be a 0.6% p.a. management fee and 0.5% p.a. for amounts above S$100,000. This amount will be rebated back in the portfolio. So take note that only Cash investments (Wise Income will also incur management fees), the cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours).
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Personally, I think that they are decent. A very conservative bunch.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
This is really a small part of my portfolio at $100 monthly RSP for around two years for now. I may take it all out of StashAway and put it with them or Endowus on any pullback. Maybe I will RSP into ESG or the Lion Global infinity 500. I will decide once I see the situation.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 24 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one Ultra HNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
Summary
My MoneyOwl Portfolio is one that does not hold a lot and it is through regular S$100 crediting. It’s not a lot but as it isn’t my main Robo Portfolio, I am less inclined to put more cash into investments. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot.
Importantly, personal finance also have to revolve around each individual situation and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
Feb 2022 performance (Since Day One Deposit)
In portfolio terms, it is up +7.2% and compared to my last review in Aug 2021 which was at +18.30% on 2 Sep 2021, it has dipped quite a bit in terms of percentage points. The portfolio size isn’t something great. Just a net deposit of 3,200. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. 2022 has not been kind to the markets.
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +22%. Again, this return is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
f. Recently, the russia exposure was mentioned to investors that it was removed and likely due to the sanctions.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$100,000 and below, there will be a 0.6% p.a. management fee and 0.5% p.a. for amounts above S$100,000. This amount will be rebated back in the portfolio. So take note that only Cash investments (Wise Income will also incur management fees), the cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours).
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Personally, I think that they are decent. A very conservative bunch.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
So, Google Pay has reignited Huat Pals and BB Loh is back. For this season, the Panda is the tough one to achieve digitally. On Telegram, plenty of people are just free riding on the free cash prize without reading or understanding the rules of the game. For some, they are just gaming the system to maximum their probability.
Huat Pals
From 25 January till 15 February 2022, Google Pay users can collect Huat pals each time they complete the following actions on Google Pay:
Making eligible transactions of min. S$5 to merchants via Google Pay. Such transactions include:
Tap & Pay (Android Only) or Purchase movie tickets or
Order food via Google Pay app
Once a day
Scan and Pay (via FavePay QR, PayNow SGQR, or a UEN) [Do the 5 times $5 Paynow top up for Singtel Dash app]
Referring new users to Google Pay who make their first qualifying payment of min. S$10 (Once a day)
Gifting Huat pals to friends (5 gift to 5 different users, once a day)
Conclusion
Good luck on collecting the Huat Pals but do it without affecting your mental health. Have fun doing so.
Singlife is offering up to $35 when you sign up for Singlife Account and their Singlife Grow. I’ve been following them for a while now and I realised that they have been promoting their GROW ILP account. I’m not sure if it took off well but given how there is marketing dollars to promote seems like it is encouraging a higher take up rate. To get the $30 from grow, it takes very little effort. If you are an existing Singlife Account, you will still qualify for the Singlife Grow reward as long as you have never applied for Grow portfolio before. Just take note to use the code to get your credits – “ki02dAhi”
The new scheme and promotion
There isn’t a lock-in period for your funds, and you can withdraw without penalty but it seems like there is a cap at S$20,000 per account per day so do take note.
The interest mechanic
On top of the sign-up gift, you also get 0.5% p.a. additional returns for your Singlife Account when you set up your Grow portfolio which is a nice cherry on top of the sign-up bonus. This gives you 1.5% p.a. on your Singlife Account for the first $10,000.
Not to mention that if you complete the $500 spending per month, you get an additional 0.5% p.a. and that makes it 2.0% p.a. on your Singlife Account for the first $10,000.
The Additional Perks
As all promotion goes, do some form of diligence and check out the Terms and Conditions to understand what you are putting your money into. Read it here: Terms and Conditions
The Cash Mechanic goes like this.
a. If you are not an account holder, sign up using this code ki02dAhi + order and activate the Singlife debit card to get a S$5 sign up bonus
b. If you are an existing customer then check GROW out.
Sign and apply for your first GROW policy using this code ki02dAhi + Fund your first GROW policy with a minimum of S$1000 to get a $30 sign up bonus.
In short, if you are a new customer, your max benefits will be S$35 and if you are an existing customer, your max benefits will be S$30.
The Real Deal, GROW ILP (Investment Linked Plan-ILP)
Without doubt, I scrutinise at the term ILP. Personally, I have terminated 2 ILPs that I bought some time back without knowing what I was going into.
Singlife Grow is primarily an investment ILP with very minimal insurance. You don’t have to pay high upfront commissions nor high assurance charges, and no lock-in period for your funds. However, I’m not quite sure if there is a fund switch function and what the bid-offer spreads are like.
Singlife Grow is more of a hybrid robo-insurtech /advisor perhaps and I can’t really classify them under any sorts but for sure they are in the Insurance industry so hence the term ILPs. They are not the typical ILP which loads the consumer even before the investing starts so that’s a plus.
However, do take note of the investment risks so it can go both ways and there’s no guaranteed returns.
I understand that the fund managers who will be managing your funds will be from Aberdeen Standard investments
They are also under ESG (Environmental, Social and Governance) which is a big thing these days as people approach sustainable investing.
Coverage will be 101% of Net premium or Account value (In the event it has gone up much higher)
Fees will be 0.25% per quarter of the account value. (Management Charge)
No Cost of Insurance (Excellent)
Some important information to note:
Singlife Launches Member Get Member Programme, Rewarding New and Existing Customers S$35 for Every Referral
Benefit
All referrers and referees receive S$30 when the referee signs up for Grow, and S$5 when the referee creates a Singlife Account and activates their Singlife Visa Debit Card. With no limits to the number of referrals, customers can continue to refer and receive more rewards.
The Grow ILP – Investment Linked Plan
Singlife’s Grow is an Investment-Linked Policy (ILP) with portfolios managed by Aberdeen Standard Investments. Accessed through the Singlife App, customers can manage, save and invest simply through a single interconnected platform with absolutely no lock-ins. For more information on Grow, visit https://singlife.com/grow/.
The Flexibility
The Singlife Account continues offering the same flexibility customers desire with no lock-ins or withdrawal fees, and better peace of mind. For more information about the Singlife Account, visit https://singlife.com/manage/. However last I tried, there is a cap of S$20,000 limit of transfer out per account per day so do take note.
The physical card
The Singlife Account is Singlife’s flagship everyday insurance savings plan that comes with a free Visa Debit Card, carrying no FX fees for foreign currency transactions.
The protection by SDIC
The Singlife Account and Grow are protected up to specified limits by Singapore Deposit Insurance Corporation (SDIC).
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. Just take note to use this code to get your credits – “ki02dAhi“
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
Crypto.com (CRO mainnet & https://crypto.com) has been around for some time now. I have not seen any utility crypto company who has delivered what they want to deliver to consumers over the last few years. They are as similar if not the same as any other company with a physical product that works. While I have my concerns, I do feel that they offer a little bit of everything which new users can learn about and existing users can complement with their existing knowledge.
Cryptocurrency
To a certain extent, sometimes just jumping on the bandwagon allows one to commit and understand how the crypto world works. Once you have committed some money, one will take the effort to find out more and discover the traits of the crypto world and what it entails. Crypto is a highly aggressive alternative investment and everyone should be careful. This article just talks more about what I feel so do your own diligence before jumping onto something.
Meanwhile, given that Binance International is going through some regulatory and compliance issues in Singapore. Crypto.com is a good way to explore your options. To explain further about the perks on opening a crypto.com account:
By signing up, you will get SGD 100 and an exclusive NFT. Of course, you would need to be the first 100,o00 users to do so. To find out more read here: Mid-Autumn Crypto.com Promotion
Plus, I’d get my very first NFT “Lion Mooncake”. Curious to know how it looks like!
To maximise your rewards, you can choose to stake SGD $500 CRO so that I can unlock the referral bonus of US$25 (Referral Bonus)
To redeem NFT, you will need to sign up the NFT account that Crypto.com has at Crypto.com NFT Account
How to connect your Crypto.com/NFT and Crypto.com App accounts (Taken from their website):
Enter the email address that’s associated with your Crypto.com App account and send a connection request to your inbox.
Open the authorisation email, click Connect, enter your Crypto.com App passcode, and click Authorise & launch NFT.
If you would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM
Crypto.com Eco-system
I understand that by now, most would be a little confused with so many accounts. What Crypto.com can do is a lot of stuff. Listing it down and in summary:
a.https://crypto.com – This is their main app which allows you to swap cryptocurrency and also to setup your Metal VISA card. The Visa Card gives you the perks of cashback and using CRO to pay for specific vouchers (Special cashback discounts as well) – [APP only]
b. https://crypto.com/exchange – This is the trading account which allow you to set limits and trade with other pairs that they allow on the exchange (You can treat this as a brokerage account. The perks of opening the exchange account can be found here: Exchange Perks [Website & APP]
c. https://crypto.com/NFT – This is the marketplace for NFTs and also known as non-fungible Token. This is also what many know as digital art. [Website & APP]
d. https://crypto.com/defi-wallet – With the Crypto.com DeFi Wallet (a non-custodial wallet), you can send crypto to anyone around the world at your preferred confirmation speed and the network fee. With this you can also store and earn interest Crypto.com DeFi Wallet is a decentralized wallet, which means you own your private keys. During wallet creation, you will have to write down your recovery phrase which when needed, you will be able to restore your funds. (This is very important)
From here you can have the option to choose among the whitelisted validators for staking and redelegation (change delegation from existing validator to another validator). This will give you additional interest. Read more about it here: Defi-Wallet Earn
Some simple benefits for sign up
1. Supercharger
Other than putting approved coins to earn interest on the APP. You can also join in the syndication on the Exchange or the Supercharger event on the Crypto.com APP itself. You can stake your CRO and treat it as a way to farm for other coins that crypto.com has a promotion or link with. More information can be found here: Supercharger Event.
2. Metal Card Cashback
The Metal Card Cashback works like a credit card cashback account. The only thing that functions differently is that it is a debit card. You will need to pre-load it with cash before transacting with spends. Like any other card, they have to abide by MAS PSA. The card also credits cashback based on the MCC spends. More details can be found here: Cashback eligibility under their CRO cashback rewards program
Not to mention that if you take on the higher tier cards, you can get rebates for Spotify, Netflix and ever prime plus other perks which can be found here at https://crypto.com/sg/cards
3. Additional Promotion and Discounts
More perks and discount will be added over time and the updated ones until 30 Sep 2021 can be found here at User Exclusives and Promotions. If you have any queries, drop me a note and I will try my best to answer your questions. It can be daunting at first but eventually, you will get a hang of it.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. If you would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
I think that given the amount of time I am left with for the next month, I would likely blog lesser than before. I just have not much time on my hand but I will still squeeze in deals and new information and I have some content to share. I’ll need more time to read up and understand more about the product first before I pen it all down.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
Summary
My MoneyOwl Portfolio is one that does not hold a lot and it is through regular S$100 crediting. It’s not a lot but as it isn’t my main Robo Portfolio, I am less inclined to put more cash into investments. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot.
Recently, we also purchased a bigger apartment and had our second child. Funds are relatively being used up quicker and outflows have been on a hectic level. Our own portfolio would definitely be used up for the new renovations and purchase as well as childcare in the next 1.5 years. So, personal finance also have to revolve around each individual condition and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
August 2021 performance (Since Day One Deposit)
In portfolio terms, it is up +18.30% on 2 Sep 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,400. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. August was a positive month again by +0.1%
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +31.38% (which is 1.0% compared to July 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
July 2021 performance (Since Day One Deposit)
In portfolio terms, it is up +18.19% on 4 Aug 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,300. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. July was a positive month again by +0.3%
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +30.38% (which is 1.5% compared to June 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, it is at 60% equities and 40% fixed income and makes up of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
Once you are a Moomoo customers, there is a knowledge based quiz that you can enter every day. A total of 3 attempts a day and it says that you may win up to S$1,888. I’ve been attempting all week and could get S$0.18. There was a day when I got S$0.28
Sample quiz questions and answers
Below are some of those I got and from online sources. Wish you all luck in your quest:
App related questions:
Qn: Are you able to trade REITs on moomoo? Ans: Yes
Qn: Can you receive dividends on moomoo? Ans: Yes
Qn: Does FUTU SG charge for any inactivity or custodian fees? Ans: No
Qn: Is currency exchange available on moomoo? Ans: Yes
Qn: Is Moomoo’s in-app customer service available 24/7? Ans: Yes
Qn: Level ___ market data for US market is provided free by FUTU SG. Ans: Level 2
Qn: What feature can you use to view activities of Pre/Post-Market trading hours? Ans: Pre/Post-Market
Qn: Where can you redeem your points for rewards on moomoo? Ans: Rewards Club
Qn: Which of the following can you trade on moomoo? Ans: Stocks, Futures, Options, ETFs, China A-Shares
Qn: Which of the following is NOT a daily task in the Task Center? Ans: Change username
Qn: Which level of the free market data is provided for the SG market? Ans: Level 1
Qn: Which stock markets can you trade in on moomoo? Ans: US, SG, HK and China A-Shares
Qn: Which tab do you select to view your available Coupons? Ans: Me
General Investing Questions:
Qn: A basket of securities that tracks an underlying index is called ETF. Ans: True
Qn: A margin account allows you to buy stocks with borrowed funds using your cash or shares as collateral Ans: True
Qn: A margin account is? Ans: An account that allows stock buying using borrowed funds.
Qn: A stock is? Ans: Fractional ownership of a corporation.
Qn: A part of a business that is bought and sold on the stock market is called? Ans: Stock
Qn: An index fund is? Ans: A fund that tracks components of a financial market index.
Qn: Free market level data provides information on the? Ans: Bid and Ask spread.
Qn: IPO refers to a company offering its stock for sale to the public for the first time. Ans: True
Qn: Market Cap in financial terms stands for? Ans: Total market value of a company’s outstanding shares.
Qn: Select the option which is a US stock exchange. Ans: NASDAQ (other options: SGX, HSI)
Qn: Short selling happens when an investor borrows a stock to sell then buy it back later. Ans: True
Qn: The US Securities in your FUTU SG account is protected up to USD _ by SIPC. Ans: USD 500,000
Qn: What does ETF stand for? Ans: Exchange-Traded Funds
Qn: What does Market Cap stand? Ans: Total market value of a company’s outstanding shares.
Qn: What does REITs stand for? Ans: Real Estate Investment Trusts
Qn: When an investor borrows a stock to sell and buy it back later, this action is called short selling. Ans: True
Qn: Which of the following is true about a margin account? Ans: All of them.
Qn: Which of these is a good example of diversification? Ans: Investing in different types of securities and markets.
Futu Holdings as a Company:
Qn: Futu Holdings Limited is strategically backed by which company? Ans: Tencent Holdings
Qn: FUTU SG is a subsidiary of Futu Holdings Limited that is listed on ______? Ans: NASDAQ
Qn: How many users does FUTU have worldwide? Ans: 15,000,000
Qn: Which credit rating grade did FUTU receive from S&P Global? Ans: BBB-
Qn: Which of the following funds hold a position with FUTU? Ans: All of the above
Qn: Which stock exchange is Futu Holdings Limited listed on? Ans: NASDAQ
Have fun!
If you have not signed up for a moomoo/Futu Account and would like to do so. Please read up more on the T&Cs and use my referral code below. Read about the promotions here at 1 free apple share
I personally think that it is a no brainer to get the perks. Thank you in advance for using my referral code:https://j.moomoo.com/004Fsa
For reference, please refer to the official website or contact their representatives.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I’m just going to bring this Moomoo brokerage app up again on my blog because the promotion is too good now to be true. I’m not sure how fast this will run out but giving a new user 1 free APPLE stock and 1 free NIO stock is unheard of. There is just too good to not get this up now.
Let’s do the Math: USD 146 + USD 46 = almost USD 200
That’s just free money so let’s not waste any time.
To be honest, I am a little cheesed off that I signed up earlier as it feels like I got penalised for being faster and earlier on this.
You can click on my previous post to read more about it: Previous Blog Post
Who is Moomoo?
Who is Moomoo? Moomoo are a nasdaq listed company known at FUTU Holdings Limited. FUTU SG is a subsidiary of their parent company. Moomoo/Futu is also backed by Tencent and for those who don’t know who they are, they are a China based global gaming, superapp, entertainment, internet giant, etc. If you did not know, they do not charge commissions for stock trading for US, SGD and HK markets. They also do not charge a custodian fee. I am guessing that volume plays a big part in this whole scheme of things.
Promotions
Let’s just sum up what you will be getting first:
a. 1 AAPL Share
b. 1 NIO Share
c. Up to 20 Free TWTR shares
d. Unlimited Commission-free Trading for US, HK and SG Market, however you continue to pay the other fees such as trading, platform fees, etc.
d. Free Level 2 Market Data for US stocks
e. Free SGX securities Level 1 real-time data
f. SGD 50 Cash Coupon for stock transfer in.
Conditions to get your promotions (No free lunch)
Now, nothing comes free so these are required but do check the T&Cs officially to avoid any disappointment. These days, there are so much information flow that most of us can’t keep up.
a. You need to be a NEW Customer and be in Singapore to get this offer (You have to be above 18 years of age and have a valid bank account in your own name) – [For KYC purpose obviously]
b. Commission free trades does not apple for stock options, futures and China A shares. The promotion commission-free promotion is only valid for 180 days.
c. You can only transfer in shares that are for US and HK positions and you will get that S$50 cash coupon for the first transfer in.
d. In order to obtain your referral rewards, you will need to do some work. Referral rewards will be capped at a maximum of 20 Twitter Shares and 600 days of commission-free trading. So, get those referral coming.
e. To get your 1 free APPL share, you need to deposit funds worth S$2700 or USD 2000 or HKD16,00 within 30 days from account opening + Open an account by 2 Aug 2021.
f. As for your 1 free NIO share, you will need to unlock Level 1 trading bade or complete 5 successful trades within 30 days of account opening + deposit funds worth S$2700 or USD 2000 or HKD16,00 within 30 days from account opening.
I personally think that it is a no brainer to get the perks. Thank you in advance for using my referral code:https://j.moomoo.com/004Fsa
For reference, please refer to the official website or contact their representatives.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
