All about Tiger Brokers

Advertisements

I may have been a latecomer in the free stock game here but there’s always a opportunity or rather opportunity cost. Regardless of the time and period, if there’s something to gain or benefit from recommending certain products. I don’t see why we can’t do that. There have been a recent trend in growing a trading platform of late and in doing so, offering too good to refuse perks such as free “1” shares of popular and big capitalisation US equity companies.

Before I begin, I need to say that I’m working with Tiger Brokers on this sponsored content. Personally, I have used them and cost wise, it has been one of the more effective trading apps I’ve used as compared to traditional brokerage.

Tiger Brokers Perks

Tiger has a professional trading platform with easy-to-navigate design, quick online account opening, and funding. Tiger support trading global markets that include US, HK, Singapore stocks, and more. Tiger is offering every client benefit below when you do an initial funding of 2000SGD or estimate 1550USD:

1. Registration: 500 Tiger Coins
2. Account Opening:
Stock: 60 commission-free trades within 180 days for stocks of U.S., H.K., Singapore & Australia
Future: 5 commission-free trades for Futures within 30 days
3. First Deposit SGD 2,000
Stock: 1 free Apple (NASDAQ: AAPL) share

I just want to qualify for you to take note that you can’t send in a test transfer like initial $1 and the balance $1999 on the second transfer.

Due to some system related constraints, these are the issues that came up. I know that end of the day, what’s the difference as long as it makes up the whole sum. I have feedbacked to them and we shall see what they say.

In Summary, you have to complete an initial transfer of the full amount to the Tiger Broker Designated account that was opened in your name to be eligible for the promotion and free stock.

Read the updated Terms and Conditions here: https://www.tigerbrokers.com.sg/welcomerulesg?lang=en_US&contentId=153

Updated to be correct until 30 September 2021.

To apply directly, click here to use my link: Tiger Broker Account Opening Link

Thank you all in advance. I may give you a little extra if you use my link to sign up. Just drop me a private note once you have done so and funded the account.

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 Tiger Perks – “WELCOME321

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

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 Tiger Brokers website for this article.

A New Singlife Grow & Referral Scheme

Advertisements

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
  • There will be three different class of investing, namely (Conservative, Balanced and Dynamic). Allocations can be found here: Grow Factsheet and the investment breakdown
  • 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

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 Singlife website for this article.

Series 3: Starting your journey on Crypto on Defi with Cake DFI tokens

Advertisements

I was lured by the high yields of CakeDefi which is roughly around 80% or at point of writing. This is accounted for in APY (Annual Percentage Yield) by staking. I signed up about 3 months ago but failed to take any action on this. Given how cash interest rates is just no longer interesting, I’ve been looking to invest my cash.

You can find out more here: CakeDeli Link

The crypto space is really intriguing. I’ve been reading trying my best to keep up with the crypto world but it is extremely dynamic but I do see use and real world cases which we can tap on and try to make a deal out of these new coins/system.

I decided to put in SGD$100 into Cakedefi as an experiment to see what rewards I’ll get in the next three months or so as a regular monthly updates similar to what I have been doing for my own robo advisors accounts.

If you are keen to join Cakedefi, here’s how to do it online:

Registration

  • Head to my referral link below (QR code or referral code) to set up your Cakedefi account. 
    • Rewards: Get a total of US$30 worth of DFI ($20 worth of DFI when you sign up and make a deposit of $50 or more + $10 referral reward)
  • KYC applies – you’d need to standby a pic of you with your IC (and writing date and the stuff that you are applying for – their website will guide you), and upload proof of your addresses through your banking statement or utilities bill.
  • KYC approval time is fast so you can do this rather quickly.
I’m only trying out the staking on DFI and not farming for other stuff. I have yet to be convinced by CakeDefi so I will only play small money here.
 
 
How do we begin? To make the CAKE, you’d need the main ingredient: DeFi coin.
  1. First, transfer BTC from Gemini to your Cake wallet at here 
    • I chose Gemini because of their 10 free withdrawal per month
    • I chose BTC because there’s no deposit fee 
    • There are also many ways to do it. However take note that buying BTC with cash on Gemini is a $4 charge per transaction.
  2. Transfer from Gemini to Cake is pretty fast as well:
    • Email from Gemini: Your Bitcoin withdrawal has been confirmed
    • Email from Cake: Your deposit is being processed. You will receive another email when your deposit is successful.
  3. Once you have BTC in your Cake wallet, click on “Swap” at DeFi column
  4. OR, head to staking page  where you can swap + stake in one page.
I received 11.4 ish DeFi coins which works out to be around USD$2.63 per coin.

Referral Reward

Upon deposit of US$50 coins and above, I received notification of the bonus DFI:

The bonus DFI that is worth USD 30 is frozen for the next 180 days and is already working for you. Currently you get paid the base APY plus a little bonus %.

 
Free money to take but take note that the bonus will be locked for 180 days.
 
As most would caution, maybe these will turn into ZERO so only do it if you are comfortable.
 
If you already intend to stake with CakeDefi, pls use my referral link here where you’d get a total of US$30 worth of DFI ($20 worth of DFI when you sign up and make a deposit of $50 or more + $10 referral reward)
 

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. Please use my referral code if you would like to try CakeDefi:  786793

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

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 CakeDefi website for this article.

Series 2: Starting your journey on Crypto with the Revolut Card

Advertisements
There is a little frenzy about crypto credit/debit cards these days. They have these multi-currency features, money transfer options and split billing which kind of attracts me to these functions. Revolut is one of those cards other than crypto.com which give a cashback but it set themselves apart by being a money manager as well. It is less of crypto trading but a simple was to get into the things of crypto. Again, this is just getting to start on the crypto journey. They are proving time and again that this is going be a force to be reckon with as compared to fiat (Normal cash and currency)

The Revolut Credit Card

Revolut is a digital banking app and card that focuses on technology, low fees and premium features. It’s designed for those who travel frequently and offers ways to spend abroad, including international money transfers with no hidden fees. There is only one physical card and limited services if you take on the free service. However, if you wish to upgrade to a more premium tier. You can always do so later on so no worries about those first until you try them out Some of the more interesting local context is that Revolut tries hard to bring in new partnerships such as 20% cashback on public transport by using the card and so on. Brands such as Nike.sg, Lazada, Decathlon and iHerb is already on their cashback programme. I find that these cashback returns are pretty decent and you can redirect your funds to purchasing cryptocurrency if you wish to. Otherwise, you can just leave that as cash.  

Some features

With Revolut, you can do the following:
  • Use it as a debiting account. You can set up recurring payments, transfer or request for funds and withdraw cash at international ATMs. You’ll be able to view your balance on an analytics screen.
  • Make international payments. The app lets you transfer money to 150 countries, fee-free, at the interbank exchange rate.
  • Spend globally fee-free. All spending abroad is also charged at the interbank rate.
  • Hold different currencies in your account. You can hold a balance or make an exchange in the app in 28 currencies.
  • Pay friends or request payments. You’re able to pay other people, request for payments, or use the split-bill feature to divide a group spend with ease.
  • View spending habits. Using analytics, your can view your spending and track them like a money manager
  • Control your card and account. You can lock and unlock your card in the Revolut app as well as set monthly spending limits.
  • Save money. They have a vault feature let you build up funds for a specific funding goal. This is not a bank account so you do not earn any interest. This kinds of reminds me of what Hugo Wealth Card can do.
  • Rewards. Benefit from personalised cashback and discounts when you spend at Revolut’s partner merchants, including Amazon, Lazada, Nike and Zalora.
  • Instant balance top-up. Reload funds from your bank account to your Revolut account fast and conveniently.
  • Customer service available 24/7. Get in touch with customer service directly through Revolut’s app. Paid accounts are also entitled to concierge service and priority customer support.
  • No credit check. You do not need to show a salary or paycheck to get a limit as this is as good as a debit card.

Promotion and perks for signing up:

Sign up with my link and get 25 SGD after you order a card and complete 3 purchases all before the 5th October 2021. While you await the physical card you can use a virtual card as all actions must be completed before the deadline. https://revolut.com/referral/paulbo2uw!SEP1AGG Read more about the Terms and Conditions here at Terms & Conditions

Revolut Junior

On top of what is offered, you can still create and order a Junior card if your kid is above 15 years old and it is a good time to teach about personal finance and budgeting. I think this is pretty cool for an added value option.

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. Please use my referral code if you would like to try this card out. (This is a limited offer only until 5 Oct 2021) Referral Code

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

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 Revolut website for this article.

Moomoo Quiz and Cash Rewards

Advertisements

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:

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

Read more about their T&Cs here: https://support.futusg.com/en-us/topic128

Read about the Fees you need to pay: https://support.futusg.com/en-us/topic76

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

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 and information that I am using are taken from Futu’s/Moomoo’s website for the purpose of this blog post.

A New Service in Town – Goldback on Hugo

Advertisements

With the internet, news and services get rolled out pretty at a light speed. Recently, the blog community and several other channels (likely paid/sponsored) has seen a new service in town. It isn’t your usual savings or investment account but instead a Goldback account. At at current, it looks really simple at this point in time. I’m not sure what they have in store for future development. (https://onelink.to/hugosave)

Hugo Save or Wealthcare

Savings are made made simpler through the Hugo Save App. How this works is through Roundups – every transaction on the Hugo Platinum Visa Debit Card is rounded up to the nearest dollar. This weekly Roundup savings are then automatically invested into real physical gold via the Hugo Gold Vault.

There are also other options such as:

1. Micro Investments – Grab Invest (Nothing Fancy but also nothing exciting). These have no lock-ins.

2. Micro Insurance – SNACK by Income. They offer small insurance benefits that build up over time. They can be a good source of insurance coverage for freelancers or folks who just came to employment.

3. With Hugo, they focus on savings and what more can they do to provide it as a platform to save eventually rounded into Gold.

a. You sign up with your details here at Hugo: https://www.hugosave.com/, click on the download button.

b. Fill and submit your details. I believe they have a pretty quick turnaround. Meanwhile, you will need a photo of your NRIC and selfie as a check.

c. Within the next business day, you should have your account setup and proceed into the app to get your physical card. This portion takes about 2 weeks minimally to obtain the physical card and start spending.

Each account is provided with an account number and a DBS Swift Code which is safeguarded within DBS Bank. You can load money via FAST to your account at Hugo

c. You can then explore to create moneypots (Savings) and if you spend on your card, there will be a round up function which will complete your micro savings into what they call Goldback.

Features

There are several features on the app:

  1. You can add money pots to create saving goals. (for example – different kid, PS5, new gadget) Take note though that there will not be any interest earned.
  2. Separately, there is a Gold Vault which you can:
    1. regularly invest in by setting a monthly date and amount to put into Gold
    2. Ad-hoc invest into the Gold account.

The Gold account in the Gold Vault is physical gold allocated against your investments. They are stored in an accredited London Bullion Market Association vault and insured by Lloyds of London.

Some Partnership links

It seems like HugoSave have a couple of partnership links that users can take advantage of:

a. From Circles (Telco): https://bit.ly/HugoXCirclesLife (minimum S$40 payment for 5 bills, get $S20 in staggered Goldback payment) You will need to be a Circles customers I suppose and looks like they have a promotion code to sign up too.

b. From Ohm Energy (Electricity Retailer): https://bit.ly/HugoXOhm (minimum S$40 payment for 5 bills, get $S30 in staggered Goldback payment) You will need to be an Ohm customer I suppose and looks like they have a promotion code to sign up too.

My Personal Thoughts

Pros

Good things first – When i first checked this out, the first thing that came to mind was a structured way to save money. This works for me in terms of setting saving goals for myself and pocket money for my kids.

The idea of roundups came in as a fresh perspective. Putting it into Gold was a little off-putting initially but i figured out that it is a safe haven so no harm to do so.

Next, I eventually thought about freelancers and people who say that they can’t really save every month. This put in to practice what you can really do now. Putting money pots and fix your savings without spending it.

With the increase and new generation into freelance work, this will help people in terms of educating savings. You have a fixed

Cons

I’m just thinking as a devil’s advocate. Should there be more than Gold as an option in this roundup function?

Next up, the physical card took rather long to arrive before I can use it. Perhaps, there can be consideration for spending on the numberless card before it arrives.

Are there any signup perks for customers? Since the objective is driven by savings instead of an interest bearing account. Considering that I can do the same via a Bank app, what is the edge other than purely savings.

Afterall, I’m pretty seasoned in this new app, new services stuff. They spend money to acquire customers, then roll a tight budget to stay sustainable. Nothing wrong in doing so, that’s just entrepreneurship and staying relevant.

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

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 Hugo Save’s website for this article.

Futu Brokerage updates – MooMoo Singapore Promotions

Advertisements

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 they are pretty aggressive on par with Tiger Brokers. The mechanics seem to change every month. You can now get like 1 apple share. If you transfer equities into their platform, you get even more perks.

Although after setting up the brokerage, maybe buying Futu stocks in the US stock exchange might be a good idea given their backing. Personally, these brokerages give the competition a run for their money. I find it easy to use and they are not just any fly by night company.

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

  1. Currently, the promotion would run for 600 days free commissions.
  2. To get additional perks, fund USD 2k or SGD 2700 equivalent. there is a SGD30 credit.
  3. Plus free level 2 market data for US market & level 1 market data for SGD market.
  4. SGD 50 cash coupon when you transfer in stocks.

For successful referrals, you can get up to 1 twitter share (Cap at 20 successful referrals)

For detailed T&Cs, do go to their website to find out more: FUTU T&Cs (June 2021)

Conditions for new sign ups

Do keep abreast of new terms and conditions as they tweak these to avoid gaming of the system.

As of 1st Jun 2021, (0000hrs SGT ) new customers who have successfully opened a Futu SG securities account from 1st Jun 2021 to 30th Jun 2021 (2000hrs SGT) can enjoy 1 Free AAPL share when they fulfil all of the following conditions,

  1. Successfully open a FUTU SG Securities account between 1st Jun 2021, 0000hrs SGT and 30th Jun 2021, 2000hrs SGT (hereinafter referred to as “activity time”);
  2. Deposited funds worth SGD 2,700 or USD 2,000 or HKD 16,000 within 30 days from account opening;
  3. Successfully unlocked the Level 1 Trading Badge or completed 5 successful trades

Conditions for Referrals

I’ll just pick out the most important details for a successful referral.

For each successful referral of a new customer that has used your personal referral link to,

  1. You have to successfully open a new FUTU SG securities account;
  2. You have put in a minimal deposit of SGD 2,700 or USD 2,000 or HKD 16,000 successfully. Within 30 days from successful account opening day;
  3. Once you complete 1 successful trade , you will receive 1 Free Twitter (TWTR) share. Additionally 30 days commission-free trading for US, HK and SG stock markets.

The rewards for the referral programme is cumulative but capped to the first 20 successful referrals only. This means referral rewards of 1 Free Twitter (TWTR) share will be capped at a maximum cumulation of 20 only. Similarly, the additional 30 days of free commission trading for US, HK and SG stock markets will be kept at 600 days. Successful referral rewards are only valid for all referrals that happened from 1st May 2021 till 30th Jun 2021 (2000hrs SGT).

This referral programme is applicable for all users on moomoo (both existing and new users).

Disclaimer

If you decide to sign up with Futu Brokerage, do remember to use my referral code: MooMoo Referral

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

These pictures were taken off Futu/Moomoo website for reference.

S$280 from SCB Bonus$aver Account

Advertisements

For cash solutions, there are plenty of those around on robo-advisors. Cash solutions actually mean as good as cash. They can also be termed as money market solutions. In terms of allocation, they can be considered riskier than holding cash and less risky compared to bonds. Generally, the risk is lower as compared to any investments.

Cash Solutions/Management

Most of the solutions are termed as cash management. It may sound complicated, it is just another term or a financial description.

i. It can be a series of money market funds combined to get a yield.

ii. Some of these cash solutions also be cash backed by loans/mortgage/cheap loans.

iii. When there are deals or directive from a company, there can be a combination of marketing dollars and promotions. These benefits the consumers usually.

There are multiple creative fiduciary ways to get a better yield however not all are covered under SDIC. This means that if there is a bank run – Your first S$75k in the bank covered by SDIC is secure.

The SCB Bonus Saver account

Standard Chartered Bank is running an interesting promotion for customers who currently do not have a Bonus Saver Account. The clause is that you need to transfer fresh funds (Not from Standard Chartered Bank) to the newly opened Bonus Saver account.

As a result from using SingPass to apply online, you will get an additional S$30. (Total: $208 via Bonus Saver + S$30 via SingPass) Hang on there. If you sign up via SingSaver, you get a little more!

a. The first condition is to fund SGD 50,000 into the Bonus$aver account until the end of the next month. This means that if you opened the account in May, you have to keep the cash in there until end of June)

b. The second condition is to take note of the promotion end date. That will be 31 May 2021. There is still 10 days to go from today 21 May 2021. The account opening is almost instantaneous.

If you apply the Bonus Saver account via SingSaver here at SingSaver Bonus Saver Promotion

Option wise, you can choose to get a set of Apple AirPods Pro (worth S$379) or S$250 cash when you make a min. fresh funds deposit of S$50,000 + S$30 cash upon account opening. Validity will be till 2 Jun 2021.

(Total: $250 via Bonus Saver + S$30 via SingPass) Sweet.

Take note of the charges

  • After you receive your payout take note of the – Fall below fee (fee incurred if you fail to meet the minimum average daily balance of S$3,000): S$5 per month [This is the item you need to take note of]
  • Early account closure fee: S$30 (within 6 months of opening) [Close it after 6 months if you do not require this account]
  • Cheque book fee (optional): S$10 [Not required in my opinion]
  • Debit card annual fee: S$20 [I don’t think we will get there]
  • Credit card annual fee: S$214 [I don’t think we will get there]

How to apply?

If you are looking to apply for the Bonus$aver account and Bonus$aver credit card, you will have to be between 21 to 65 years old.

Click on this link: SingSaver Bonus$aver to apply.

Terms & Conditions

Check out the T&Cs here before you apply: SCB Terms and Conditions

Just a disclaimer, I don’t get anything from this. It’s just a good deal how I see it.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

In this article, the pictures were taken from websites for illustration only. Stay Safe!

A reward for a survey (Depends if it is worth your time) – Fully Redeemed

Advertisements

So, a friend of mine shared a link about the LTA survey here. This Link here LTA Survey. (I was informed that this is fully redeemed now)

Giving your views

Frankly, for S$10 it doesn’t really do much but again everyone is different. Some people actually think that when they save less or get a deal that isn’t the best as losing money.

So if you have some time, why not consider doing this. It will also help by giving some real thoughts and helping to build Singapore. I’m not quite sure if there will be a reward for this but if you have some time, why not then.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

The pictures were taken from relevant website for this article. Stay Safe!

Cards N Such – More Cards – You Trip Debit Card

Advertisements

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)
  • Euro (EUR)
  • 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)

Pros:

  • 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.

Cons:

  • 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.

Disclaimer

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.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

These pictures were taken off You Trip website for reference