There has been a number of crazy movements in the crypto world. No one can really explain the reason fundamentally but it created a bunch of young millionaires especially from Elon Musk little tweet about Dogecoin.
With only 11 days in the market, Shiba coins seems to be the next trend of meme coins. Woof Paper perhaps of white paper: https://www.shibatoken.com/
Pretty funny comments I would say reading the whitepaper. I hope VB burns or keep SHIB.
Buy or Risk? It really depends on your risk taking level. No pain no gain, no risk no returns.
Currently, it seems like you can use 2 ways to purchase SHIB:
a. Buy via Crypto.com App
b. Buy via metamask [Through the Ethereum (ETH) network]
c. You can buy it through Binance now. That’s pretty huge.
Crypto trading and currency is not for everyone so do your own diligence. Don’t FOMO, invest wisely. Good luck! Now, to the moon.
If you decide to sign up with Crypto.com to trade any other coins, Use this Crypto.com App to sign up for Crypto.com and we both get $25 USD. Referral Code: im3py887ty
The thing about Cards (Being Credit card, debit card or prepaid card), there seem to be a trend of introduction usable physical card. Just to name a few, Razer Card, Big Pay Card, Wise Card, GrabPay Card, Singlife card and an upcoming card Hugo Card. There is just too many of these around isn’t it. I’ll say it isn’t a bad thing, It is indeed a little troublesome but as long as you manage it properly, it will assist you in your little own personal finance journey.
You Trip Card
Today, I shall discuss more about the YouTrip card. It used to be a wonder travel card before the pandemic hit. Basically, you get superb FX rates when you use the YouTrip card to make a purchase in a foreign currency. Pretty decent I say. Yes, it is another card and you need to preload the amount in SGD (If you dont have any other currency). The max limit I believe will be the same, which is S$5000 at any point in time and an annual limit at S$30,000.
Within their app, you can store any of the following 10 currencies:
Australian Dollar (AUD)
Great British Pound (GBP)
Hong Kong Dollar (HKD)
Japanese Yen (JPY)
New Zealand Dollar (NZD)
Singapore Dollar (SGD)
Swedish Krona (SEK)
Swiss Franc (CHF)
United States Dollar (USD)
It has a great Forex Exchange rate if you need to purchase an item in another currency
They don’t charge you any other fee except for the amount they need to pay Mastercard as a service provide.
It works just like any other card that you use. Even has a pay wave function.
You can most likely use a credit card or debit card to top up the You Trip Card. Pre-Paid cards are most likely not accepted.
You can’t add it to your mobile wallet.
It is a Debit Card (Meaning you need to preload the amount in there and it is capped at S$5000) at any point in time.
You also cannot take that money out once you have put it in so think wisely.
Other than good Forex rates, there are no perks, rewards or cashback so it really depends on what you are looking out for.
If you decide to sign up on the You Trip Card, do remember to use my referral code: You Trip Card Referral Link, You will get S$5 once you made your first top up to the card and I will receive the same too.
Here comes another brokerage in Singapore – Futu Holdings and under the Singapore name “MooMoo”? Sounds kind of fishy but legit.
From their website:
Their investors include Tencent Holdings, Matrix Partners and Sequoia Capital. Sounds decent to me.
Futu Holdings Limited (“Futu”) （NASDAQ: FUTU）is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform .
Futu was listed on Nasdaq on March 8, 2019.
Under MooMoo, they are under the Singapore branch, https://www.moomoo.com/ and from time to time they will run a promotion to fund the brokerage account to get 1 Apple share. Although after setting up the brokerage, maybe buying Futu stocks in the US stock exchange might be a good idea given their backing.
After Tiger brokers, here come another commission free brokerage mobile platform with similar functions and good promotions. It seems like the apple share promotion has ended. If you wish to sign up for those commission free perks and/or future promotions, do use my referral code here: https://j.moomoo.com/004Fsa
Currently, the promotion would run for 600 days free commissions.
Also if you fund USD 2k equivalent. there is a USD30 credit.
Do you randomly try to look up for deals on cashback and miles? I can say that I’m a true blue Singaporean. I will try my best to always look for a good deal without going out of the way and affect my time when searching for such good deals. I’ve used this service CardUp when it first launched and the first transaction was kind of like free since it was on a promotional rate with Citibank cards.
Two years on, I still find it hard to catch on this bandwagon where you actually have to pay a fee to get rewards. But who am I to say anything about if this is a good business model. They must be around here to service a group of customers who want to buy miles or get cashback for some of their payments.
I’m not exactly the kind of guy who spends more to save more but I must say it is a good marketing strategy.
What is CardUp?
From their website: “CardUp is a credit card enablement platform, which enables the payment or collection of big expenses using credit card, in places where cards are not accepted today. Examples of payments include rent, tax, invoices, payroll and more, which are still paid by cash, cheque or bank transfer.
With CardUp, individuals and businesses can now shift these big payments to their existing credit cards. This provides an unparalleled opportunity to earn credit card rewards, access interest-free credit and digitise payments – making big payments rewarding.”
Rewards or Spend more Get More
Even until today, I still find it very difficult to see if this is a reward scheme. Maybe this is a way to get more out of spending more. I stay by my own views about credit card rewards because if you have to spend more to get more. I don’t get it. I’ll say that unless there are monetary benefits to cover the initial or some of the fees that is required, I don’t find it sensible. That said, there are the miles and cashback camp who like to make sure there are benefits for every transaction.
Don’t get me wrong, these are great strategies to get the best bang for your buck. Again, different things is just for different folks. This doesn’t really work for me. Truth be told, I am 50-50 on miles and cashback but don’t agree with paying more for it. Perhaps more selectively, a good deal is something worth paying for but not all situation.
If you really want to get on this, just drop me a note for a referral code.
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.
Able to write and share is my main objective is to create a community. Blogging is what I always wanted to do. Being mentally well and put down content is something I always wanted to do. Trying out new things will definitely bring one’s horizon to a different level.
The sound of Everest Gold is not exactly sound and safe at first notice but they are a new digital trading platform. You can trade gold digitally now, akin to a stock brokerage account. There are a number of articles out there from bloggers and online news that talks about Everest Gold.
Trying it out
To try it out, you do not need to put in any money. All you need is to use my referral code and your will be awarded 200k points which is approximately USD 20. These rewards can be used to subscribe for gold during their events.
No need for any transactions. Just make sure your details, bank accounts and everything is verified.
Referral is limited. Not sure if they will be bringing this back but in Oct 2020, the fee was 300k points which is approximately USD 40.
Use this link to find out more if you are interested at Everest Gold or use this referral code when you decide to sign up: TZLLE. Both of us will get more rewards for subscription.
A little dig up of the company. Everest Gold is a Singapore-based fintech gold trading form. The creation of such a service is to digitise gold trading and makes it easy for both beginner and expert investors. It is suitable for anyone who have interest in gold trading. I personally have also tested their customer service team and response is pretty decent.
Everest Gold uses 999.9 pure investment grade gold. 1kg bard are from a refiner in switzerland. You can also download them from an app and investing starts from 1 gram. From what it seems, anyone can trade and liquidate almost immediately. Physical gold assets can also be collected from their depositories by submission of a request in-app.
I do use this service and by signing up as a referrer, both you and I will get some benefits.
As with all investments, there are risks involved so please do your own diligence.
In my earlier posts, I talked about the need for an emergency fund and other than Singlife, which caps the 2.5% p.a. for the first S$10k. No other financial institutions have been able to match this super high interest yield for a pretty risk free approach .(Given that Singlife is under SDIC so the first S$75k is covered and safe) In recent months, we have seen some insurtech or alternative ways to put your money and entice people with relatively decent interest rates for your cash/emergency funds.
To recap, your emergency funds should have some level of liquidity so that you can utilise when necessary and not be penalised for doing so. This is by far my personal first rule. It is extremely interesting and exciting to see what might happen to the digital banking sector where there is a mixed bag of consortium lining up to be licensed to offer financial services. It looks like it is going to be something similar to what these insurtech is offering or even more innovation. (e.g. bundled products, higher interest rates or even offering curated financial products, robo-advisors and payment channels) It does seems exciting to see what new innovation these services can offer and retail customers will benefit from this digital drive.
Dash Easy Earn is a collaborative work between Dash (Singtel payment service) and Easy Earn (Tiq – An Insurance arm of Etiqa and a subsidiary of Maybank)
Let’s go for the Pros first:
a. Flexible no lock-in period hence no penalties for cancelling the plan.
b. First year interest rates stands at 2% p.a. (So this part is locked in and low interest rate environment is set to stay)
c. Relatively low barrier to entry. With S$2k minimally as maintenance amount that you keep, you get the interest accrued on a daily basis.
d. Capital Guaranteed.
e. Interest earned can be transfer to Dash Payment Service with no extra charge and they have a suite of deals and payments which you can use to pay your bills with. There is a $2 cashback for your first Singtel Dash transaction! Sign up with the referral code DASH-RYJKN or tap on this link https://appserver.dash.com.sg:443/mgm?DASH-RYJKN now
f. You can top up anytime to this account.
g. 105% of the account value is the sum assured should something happen to you.
Now for the Cons:
a. You need to download and register for yet another app. This is the Singtel Dash App. I mean, I really hate Singtel but I will not say no to free money.
b. You have to remember to maintain at lease S$2k in the EasyEarn Account.
c. 2% p.a. only applies for the first year and I believe that it will drop to 1.5 % p.a. thereafter. (From the terms and conditions: *Guaranteed 1.5% p.a. + 0.5% p.a. bonus for first policy year, available on a first come, first served basis) – Seems like there is sort of a cap to this.
d. There is a maximum amount to this. Once you have Topped Up to S$20k, that is the cap for every individual account. So there is this element of troublesome to remember and track for a 2% p.a. but if it suits you, then by all means go ahead.
e. Here is the key part to this which you will not hear it from Dash themselves. For any transaction that you transfer out via PayNow back to your own transact or savings account, there is a payment fee of S$0.70 per transaction. This is free if you transfer to Dash payment as described above for Pros point (e).
To some, the S$0.01 is money which they refuse to let go of but to others, not so much of a great deal. Don’t be penny wise pound foolish or you will never see the bigger picture. You will not gain anything by spending time and energy on pinching 1 cent. I personally know 8 out of 10 people does it and it annoys the hell out of me. If you have time to pinch 1 cent, I would rather you take that time to find ways to make $10 instead of ruining your own mood, wasting your time and fussing over the small things. I don’t get it and I still don’t today.
The User Interface
Here is how the screen looks like on the Dash EasyEarn App. You can see the Grow Money (New) in the Dash App which you can access and see your funds and interest. Do note that the interest are not accumulative though so it means that whatever you have in excess of S$20k earns no interest.
When you log in to EasyEarn, that is how the app looks like below.
Before I end off, I saw an interesting product which is on similar terms as Dash EasyEarn. They are from Tiq Insurance – meaning GIGANTIA but this works in their own Tiq App. (First year 1% + 1% p.a.) I’m not too sure why they have something similar to Dash EasyEarn. There can be a variety of reason. It could be that they have extra tranche of funds to offer customers or it could be that this is a longevity version of their product as compared to having inflexible Dash systems. I would explore Tiq option as well but let’s see what kind of proposition it makes to consumers.
This is not a click bait. I have always been interested to find out what is there in the market when I see such headlines but eventually it is usually click baits. One of the many ways to make some money online if you have time is actually through doing online surveys. The best part of it is that you can take your own time to do it.
Though you may miss out on some high value surveys but eventually it is suited to your own timing. I will review some of those, past and present and I have personally used them. Only if the time is worth your effort, you can proceed go sign up or use my referral link. It is totally up to every individual as it may not be worth the effort for some. However, if you have some time on hand – The answer is Why Not?
Make Some Money
I will run by the ones that i find the easiest to use and easy to cashout. Most importantly, you should sign up for a PayPal account if you do not have any. It is really easy to sign up, just visit https://www.paypal.com and there is no referral fee for this. Just for easy survey credits
Milieu Survey (Singapore)
Milieu Survey has a Singapore presence. Once you have chalked up enough points, you can either donate them away or Otherwise, you can choose to cash out via PayPal or PayNow.
$10 can be redeemed with 9500 point and $20 can be redeemed with 18000 point.
Once you complete 7 surveys, both parties get 500 points each.
YouGov is based in London but they also have a Singapore presence. Surveys doesn’t come as frequent as Milieu but once you accumulated enough. 5000 points redeem a S$25. There are also alternative but to me cash is always King. There are no referral benefits so click the link to sign up.
This is rather tricky as it is not for Apple/IOS users. Android Users will be able to download and setup their account. Surveys come at random and you can also set a notification. Once you reply, it varies from S$0.10 – s$1.50 or so. You can’t cash out these but you can use these credits to supplement subscriptions or pay for some paid apps that you wish to buy off. It’s just easy to use, answer and keep. Practically no upkeep. There are no referral benefits so click the link to sign up.
This requires a little more effort but as for the rewards, I personally find it rewarding with Zalora or Cold Storage vouchers (via Edenred voucher redemption). However, with the recent covid – They seem to be less productive or less efficient. Vouchers redemption seems slower and also seem to be out of stock faster. There are no referral benefits so click the link to sign up.
Disclaimer: These are just solely opinions of mine. You should try them out first to review if they are suitable for you. These works for me as I have tried out more than 20 of these during my free time.
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.
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 six 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.
Changes to MoneyOwl
Recently, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees.
a. For Asset under management S$10,000 and below, there will not be any fees through 31 December 2021. This fee will be rebated back to 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 with detailed report and recommended next course of action. (~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 own portfolio performance.
However, they should really look into improving the interface. (for e.g. making it into an app) They also introduced a referral fee scheme or some promotional fee scheme for new sign ups. Not much complains other than that.
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.
This is really a great piece of marketing work from Singlife. Though late into the referral game, this is some good way to get and garner new acquisitions. It is well known that Singaporeans are pretty starved for yields. This insurtech firm is one that I have wrote about recently and it is a good product.
(Updates 1 Nov 2020): I received an email from Singlife communications – As a heads up, Singlife Paid Referral Programme will come to a close on 1 November 2020.
All referees (i.e. people who have been referred) who have successfully in-forced their Singlife Account by 1 Nov 2020 will have up to fifteen business days (i.e. 20 Nov 2020) to order and activate their Singlife Visa Debit Card for both you and your referee to still qualify for the S$10 referral bonus.
You also probably received an email from them on 30 Oct 2020 notifying of the upcoming termination.
As from their excerpt:
“Singlife’s Paid Referral Programme has enjoyed a successful run and will come to a close as of 1 November 2020. Thank you for all your support! Upon the Effective Date of Termination (1 Nov 2020), all referees who have successfully in-forced their Singlife Account(s), by the Effective Date of Termination, will have up to fifteen business days (i.e. by 20 Nov 2020) to order and activate their Singlife Visa Debit Card to qualify for the S$10 bonus.”
Still, the good and bad and them. It is still a decent alternative cash source.
The Good about Singlife
I’ll have one more strong and valid point to date with this referral scheme.
A referral fee of S$10 is deposited in your Singlife account for each friend you invite to Singlife and there are no cap for this. Each friend gets S$10 too so if you find this useful, do use my link to sign up here: https://app.singlife.com/S49MSfXlF8
Relatively high interest rate for the first $10k
Simple and fuss-free – registration and login all done online
You can also spend normally like what a debit card does, having a functioning physical card.
Transfers are all ifast which is really impressive and same day receipt
Customer service is pretty responsive and quick to reply (Live chat and email)
Some form of insurance is complimentary including retrenchment insurance (It’s not a lot but it is a nice gesture)
This is really a quick kill for a good deal. It is the usual way of spending money to get more users. This is pretty straightforward and it is an easy one to get. All you need is just to sign up for google pay using this link here https://g.co/payinvite/t74cf8f
All the way through 31st July2020, when you download Google Pay from this referral link, you will be able to receive a free $5 cash after performing an eligible transaction.
Referral Programme (until 31 July 2020)
a. You earn $5 once your friend makes his or her first payment using Google Pay. The transaction must be at least $10 to qualify. (or PayNow to your friend)
b. You can earn the reward only once for each friend whom you have successfully referred. There are no caps.
Once you have signed up using my link, you can then continue sharing your own referral link to as many friends as you would like. In return, you and your friend $5 cash each for each successful referral!
How it works?
Send your invite link for everyone to download Google Pay.
For invitees who are on IOS devices, they must enter their mobile number on the Google Pay page that is prompted before installing the app. The login must be the same as Google Pay to qualify.
You can insert a referral code if you have downloaded the app however you must not make any transactions on Google Pay before.
You will then earn S$5 and your friend S$5 if they make their first payment of at least S$10 on Google Pay by 31 July 2020 23:59 Singapore time and payment is successfully process. Also, assuming that it is a first time user as well as a first transaction.
At the time of writing, you can do this by linking your PayNow account to OCBC account (Currently that is the only way to do so) and make a transfer from there. This is the easiest and fastest way to get the perks.
It’s quite easy and simple to do. Although it takes a bit of an effort but I think it is worthwhile while they still have marketing expense to spare. Have fun referring! Please do use my referral link if you think this is of value to you. Sharing is caring – Cheers!