SHIB or Shit Coins (Cryptocurrency)

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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.

Disclaimer

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

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off SHIB website for reference.

Endowus Performance March 2021 & YTD + New ESG Portfolio

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Time in March 2021 seem to just go by in a quick frenzy. Stock markets have retraced and between Tech and Cyclical equities, it seems to sway from side to side. There isn’t seem to be any clear signs for any particular trend. The slightest event such as the cargo tanker remained jammed up in the Suez Canal seem to have caught commodities in a stir for a week or two.

I’ve been talking about Endowus for a while now. I think there is something that attracts me to them. Perhaps it is the way they present themselves or maybe it is their mindset of investing that struck a chord with me. I would actually recommend them to anyone I know to be honest and I know that my investments will be safe with them. Further, they raised their first ever Serie A fund raising for expansion. It does sounds like a great step forward. Whatever was private, we don’t know but their first fund raising after being around for sometime does spark some confidence about how prudent they are and how much the founders value their own equity in the company. To me that is a plus when the founders want to keep stock value mainly because they see value in their own company.

ESG Portfolio (New)

I am quite intrigued in their new ESG portfolio that was constructed through the different fund houses. To a certain extent, I do want to put more into it but I am unsure since I’ve not read up on this but I do know that ESG have performed relatively well in the European zone. This segment would serve me well for a long term portfolio because I do see the value in investing in sustainable companies an practices. After all, we are saving this earth for our next generation – a little step goes a long way.

This is at +1.97% since inception some time in Mid March 2021. I like what I am seeing. Of course this is a 80%/20% Equity/Bond portfolio allocation so there will be more movement on the equity side. This is long term so, just leave it in there.

SRS Portfolio

Overall, portfolio is up 18.51% since May 2020 in SGD. As usual, in USD terms, due to no FX impact as the portfolio is USD ETFs, the performance will definitely be better especially when USD becomes stronger. Of course, the reference will be SGD since I use SGD. This is the SRS/Cash portfolio which consists of my favourite Dimension Funds in a 40% bonds/60% equity. Overall from May 2020 to 5 Apr 2021, it is a 18.51% increase in absolute terms – Fantastic. From Jan 2021 to 5 Apr 2021, the fund was stable and rising more  at 4.86%+ increase in portfolio. Not too bad really.

In Terms of YTD returns in 2021, I’m looking at 4.86%. I’m happy. Definitely topping up if there are any corrections (By definition a correction is more than 10% drop in a single day)

CPF Portfolio

For the CPF portfolio, it is also doing pretty well though not as well as my Dimension Fund portfolio. I’m still looking at 12.23% returns from May 2020 through to 5 Apr 2021.

In Terms of YTD returns in 2021, I’m looking at 1.68%. This is quite expected so not much of a surprise. I have no requirement to login daily to view my portfolio performance. Just a monthly review will be sufficient.

Similar to the previous months, cash management accounts have started to report a decline. This is also expected since LOW interest rate environment is here to stay for the long term.

I have been procrastinating about the Cash Smart Portfolio. Perhaps I will take a plunge to do it in April 2021. Takes a bit of courage to do that.

Like a broken recorder, the pros once more:

  • Endowus is the first and only robo-advisor to be approved by the CPF board.
  • 100% trailer fees back to the consumer, not the fund management fee. This is really one of a kind I’ve seen so far.
  • They do have a decent team who makes sense when introducing their platform in my personal opinion.
  • I believe all retail investor should try them out because of how they are trying to disrupt investing and make investing work for everyone.

Thank you all in advance for using my referral code.

Last point is to do your own diligence. What works for me may not work for you. Investing in traditional portfolios is about risk management, it isn’t Cryptocurrency. Super high risk = Potentially Super high returns. Fair enough in economic terms. Just remember that = Potentially Super high decrease in portfolio as well.

I’m not ruling cryptocurrency as an asset class here. What I do see is that they will be a disrupter in traditional currency in the future. What I am saying is traditional investments brings stable, slow and disciplined returns. I do have a portion of my funds in cryptocurrency and the latest trend of NFTs (Non-Fungible Tokens). I deal with these two investments separately and realistically.

Disclaimer

If you decide to sign up with Endowus, do remember to use my referral code: https://endowus.com/invite?code=EDZ8M

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

These pictures were taken off Endowus website for reference.

Crypto.com Exchange (Crypto Trading)

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Crypto Trading has been something that I was looking to go a couple of years ago. However the process and understanding the steps were just complex and seems daunting. The whole idea of buying crypto through a block-chain transaction and also when you transfer ETH through the ERC-20 system and so on and so forth.

I didn’t even know what was gas to begin with! Then came Crypto.com that was my initial foray into crypto currency and it gave me confidence because of how simple the setup was. It was built into 2 segments and eventually developed into a brokerage style (Crypto.com Exchange) at Exchange

Crypto.com App

The app is divided into two sections: The first is the Visa Debit Card and the second the purchasing wallet in the Crypto App. You can sell your crypto into the Visa Card (This is only one way) in the form of BTC to Fiat Currency. You can buy and sell and convert from different coins/tokens within the app itself as long as they list it in the App.

The next development that they built was the earn functions. It works like a fixed deposit. You need to put in a minimum sum, it can be no terms, 1 month or 3 month and they pay you the interest every week. The presumed interest rates are not fixed and are subject to changes. I find that the flexible terms plans allow for such flexibility. I previously talked about Crypto.com here Foray into Cryptocurrency with a Visa Card

Crypto.com Exchange

Recently, Crypto.com built an Exchange platform. This is what most people define traditionally as the brokerage. This exchange platform will allow you to set triggers for all coin pairs that is tradable on the exchange. You can also set limit buy and sell or market orders through the platform. This gives some form of control as the rates are always moving even during weekends. On the App itself, the rates are probably held for 5/10 secs depend on how volatile the trading pairs are but the exchange will provide live and almost instant conversion at the price that one would like to get.

You can also soft stake in the exchange with other coins that is listed on the page. It means that certain coins get some form of interest just by putting it on the exchange. You do not need to do anything but just take note that it may change from time to time.

Above is the referral programme for both referrer and referee for NEW Users.

They also have a referral programme now. You can also read more about it in detail here at Exchange Referral

The sky is the limit for now. Look at the referral bonus paid out in CROs Tokens. The rich gets richer.

Above is the referral programme for both referrer and referee for EXISTING Users

Benefits

  • No referral limits – You can refer as many friends as you want; you and your friends will each be rewarded upon meeting the requirements.
  • Bonus credited instantly – Referrer/Referee will receive their bonuses immediately once all conditions are met.

If you would like to give it a go or just to try it out, do use my referral code. Meanwhile, if you have any questions about funding or what to use to buy and how to buy, just drop me a note anytime.

Referral Link: My Referral Link

Referral Code: im3py887ty

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 like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

Images seen in this article were take off the relevant websites for illustration purposes only.

What Will I Invest with S$10,000

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I realised that such posts actually attract more viewership as compared to technical breakdowns. I get it that most people want a quick and fast way to read content and download views. The first 3 seconds of every post will most likely decide if the reader would like to continue reading, be skeptical or just scoff at it. In my earlier posts, I talked about having an emergency fund. It takes time to build such things so don’t forget, the little things count.

In this article, I’m going to discuss more about what to invest and why especially for folks who just got out of school. When I graduated, I remember vividly that it seemed to be pretty hard to save money. A few years on, I realised what constituted the bulk of my spending and why I could not save more. These life experiences cannot be bought so I would say the money spend networking and forging friendships are my human capital.

Going back in Time

Going back to 5 years ago, there wasn’t many choices to invest extra funds into. It was the standard brokerages, fund houses or at most bank/custodian brokerages. There wasn’t a lot of tools to invest in and let’s be honest, the retail bankers can’t be too bothered with a S$10,000 fund. It just isn’t worth their time. So, like many others who preaches, I shall say it again – If you do not care about your own money, no one will. I remember I used to buy funds via FundSupermart, trading some Forex with CMC Markets/Saxo Capital and used Standard Chartered Brokerages to buy US/SGD equities. Nothing fancy that you can really do though.

Moving forward 2020

With the current options we have available, traditional investments seems really cool. (At least it is for me) I really like the options out there for me to pick and choose. You can Insurance Tech, Robo Advisors, Cryptocurrency, Real Estate Block-chains, ETFs, Leveraged Equities/Indexes and many more. With the upcoming digital bank in Singapore, I think that this is going to be great for consumers. The key problem now is to get more people interested in their own personal finances.

What to do with S$10k?

We are going to take away the cash solutions for this since this is on the assumption that cash funds are kept away in a safe place. With the new funds, this is money that you can afford to lose. I used to know something who likes to take a punt, he would leverage and buy options on the same counter without considering the risk. Well, he wanted to win big but eventually his portfolio became pathetic and he lost his job while these options expired and markets dropped. The objective of sharing this story is to always abide by your investment discipline.

I am reminded of the rules:

  • No one has the crystal ball and you will never know when the markets decide to be green or red.
  • A small amount of leverage is fine but not when it is concentrated into one counter. Remember to diversify but not over diversify.
  • Always use option to your advantage, not to speculate.
  • When you lose to the market, blame no one but yourself because no one forced you to invest. You can keep cash and seek cash solutions but if your cash deflate, that’s on you and no one else.

With a S$10k portfolio, I would split it up into a few tranches.

Robo Advisors

  1. Robo Advisors are a great tool if you do not know what to buy or when to buy. The whole idea is to buy when markets go up or down. The entry level for robo investing is so low that anyone can invest. Let’s also be real, all platforms have a cost upkeep so fees are unavoidable. For this I would Assign at least S$6k (~60% – 70%) into such funds and this forms the Core part of the long term portfolio
    1. The first option can be Endowus (USD ETFs) which i discussed before here at Endowus
    2. The second option can be Stash Away (USD ETFs) which i discussed before here at Stash Away
    3. The third option can be Syfe (For SGD related equities or the Global Equity Portfolio) which i discussed before here at Syfe

Now, you must not forget to top up your investment on a monthly basis. Treat that as a form of savings. The earlier you save, the faster your will reach your retirement goals.

From the robo advisor portfolio construction, you can choose a partial bond|equity balanced fund. This is where your bond exposure comes in. Do not waste your time with SGS or SSB during this period because they returns are not great.

Cryptocurrency

2. They say that trend is your friend. The trend now with all the hype is about Cryptocurrency. I can’t help but would add a small amount to the portfolio. They are supposed to act different as compared to fiat currencies. For this I would assign at least S$1k (~10%-15%) and i consider these as alternative asset class.

    1. The first option is to buy Bitcoins. They are by far the largest Cap in the Crypto World.
    2. The second option is to get a foot in to Crypto.com. I previously discussed about this as well here at Crypto.com App/

Funds

3. Personally, I like income or dividend equities or funds. If you are more risk adverse i would suggest to put some money into the PIMCO income funds. They are just the best in class for bonds. Depending on what you like, the average dividends is roughly around 3-4% p.a. For this, I would assign at least S$2.5k (~25%-35%) and these are supposed to be a stable source of dividend funds.

Trading

4. Finally, what fun is there if you leave everything in the Core Portfolio. The balance 15% of funds (~S$1.5k) can be use to buy in specific equity counters in the SGX. (for e.g. bank stocks or reits whenever there is a market pullback) If you really wish to fully invest these monies, just put them back into the Robos or ETFs.

What other options would you do or suggest to do? Feel free to comment. The whole idea of writing is to really share about opinions and you never know when an idea strikes you.

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 like what I am sharing or if it resonates with you, do use my referral codes here at https://lifejourney.blog/contact/ for the services.

Images seen in this article were take off the relevant websites for illustration purposes only.

Crypto.com (MCO swap to CRO)

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Crypto.com (MCO) has been around for almost 4 years now. I have not seen any utility crpyto company who has delivered what they want to deliver to consumers over the last 4 years. They are as similar if not the same as any other company with a physical product that works.

Crypto.com

My first serious foray into crypto was the MCO card introduced by a friend of my. The great deal initially was a referral fee of USD 50 for both referrer and referee. Then comes the Spotify, Netflix and free airport access (via Lounge key – Not so much now but still it is okay) all these comes in at 100% cash-backed to the card via the utility token (Used to be MCO but now it is swapped into the CRO)

For many users, especially the pioneers or even global users who have been approved in their countries to issued MCO Visa cards (Debit card), it is certainly not what was listed in the white paper but hey, it is a pretty good move in my opinion and while the Wirecard Fiasco is still ongoing, I think it is a win-win for all Crypto.com users. Some users think otherwise but I find that this is an option once more to think bigger profits which a 10x margin might be possible. Of course crypto comes with risks. It is a big risk but it should also return big as well.

The community has been negative for such changes. I guess there is no right and wrong answer to it. I still choose to believe that is moving in the right direction for customers as well as sustainability. So in all that, I will still hold and wait on for more good news on their end. The CRO staked amount has also been adjusted lower which means more good news and more CRO released for usage.

The Swap Value

There’s the alert and actionable items: Action is required before 2 Nov 2020 at 23:59 UTC, or you will lose the functionality currently associated with your MCO. We will not perform the MCO swap on your behalf and the swap will not happen automatically.

Crypto.com will use the following formula based on the volume weighted average price as expressed in United States dollars (“VWAP”)to determine the number of CRO allocated to you that reflects each swapped MCO:

1 MCO = (30-day VWAP of MCO / 30-day VWAP of CRO) x 1 CRO

(30 days between 4 Jul 2020 to 2 Aug 2020, both dates inclusive)

So it will be fixed at 1 MCO = 27.4639 CRO

Crypto.com will offer an Early Swap Bonus in CRO if the MCO swap is performed before 2 Sep 2020 23:59 UTC, based on the following formula and criteria: So Swap early for

1 MCO = 33.1726 CRO

The pros is now that the stake and interest has now increased as CRO terms are on better rates. Development of De-fi is on its way. More flexibility in terms of usage and managing the tokens. Benefits are better now for existing customers.

The cons would be the way they initially managed and wrote on the white paper. This definitely lost some points as well as how MCO was originally the golden boy which has turned obsolete now.

All Benefits remains the same and on the same tier. Not bad I supposed, just that the quantity of CRO is now much more than before. I don’t think that’s a big deal. The whole idea is adoption, more utility and more users. It spells 10x to me more. Just be patient.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from Crypto.com website for this article.

Foray into CryptoCurrency – The MCO Card (Crypto.com)

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Invest in cryptocurrency! The first thing that comes to mind is that it is a scam or it is risky. It is not only after you take some time to find out more.

Getting someone to go into cryptocurrency can be challenging. When I first started, I was late to the game but the fees I paid were way much higher than what it is today. Today, I can see that the adoption crypto is slowing and steadily increasing and solutions are being provided to solve the problems in the real world. There are indeed real world situations that need solutions.

I have been with crypto.com (MCO) for almost 2 years now. Though I did not experience that huge dip in prices after it went as high as USD20+ but what I have seen from them is absolutely amazing.

MCO coins are what define crypto.com (They were used to be called Monaco) and the fact that they managed to obtain the domain name says something great about them.

I would say the MCO coin is more of a hybrid crypto. You can get a real metal card depending on how much of the coins you buy. A real debit card that pays you instant cashback on anything you can pay with the card.

You can always opt for a “free card” and that gives you a 1% cashback on all transaction and it gets better.

Buying and staking 50 MCO coins will get you the Ruby card – 2% cashback

In summary:

Blue card – 1% cashback (N.A)

Red card – 2% cashback (50 MCO)

Blue/Green card – 3% cashback (500 MCO)

Icy White card – 4% cashback (5,000 MC0)

Black card – 5% cashback (50,000 MCO)

What I really like about this is not just the cash back. However you have to be comfortable to lock in at least 500 MCO for an initial 6 months.

Pros:

1. I always want to buy cryptocurrency more fuss-free and easier. This platform makes it really easy

2. Funding from SGD does not incur any fees if you use xfers and follow their instructions dilligently

3. 100% cashback in MCO coin for subscription to Spotify and Netflix (literally free)

4. Unlimited access to loungekey (Airport lounge)

5. You can trade other crypto available on the app and their exchange

6. Certain coins have “earn” capabilities, meaning you get interest by staking it on the earn platform on the app.

Cons:

1. The price of MCO is around 7 SGD at time of writing. Thats double of what I initially got into but you never know when it will go higher or lower

2. You need to put in an initial investment to get all these benefits

3. You need to fund your debit card with cash first before using it.

Things may get complex from here if I add on more information. If you wish to know more, drop me a note and I can share more with you.

Meanwhile, if you use my link/referral code, you will get USD50 and I will get USD 50 worth of MCO.

All you need is to make a transaction and stake your MCO to get the debit card of your choice. Thats some cool amount of cash to start off with.

https://platinum.crypto.com/r/im3py887ty to sign up for Crypto.com and we both get $50 USD 🙂