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
There has been a spike in digital transformation globally and in Singapore, this process has been drastically pushed forward in view of the Covid-19 pandemic. With the push on online sales, we are bound to see sellers who game the system. So recently, there is some new rules around price transparency and it is going to protect consumer. All retailer will have to comply as the rules will be effective 1 Nov 2020.
a. Drip Pricing – Display a headline price that omits mandatory charges and pre-ticked optional add-ons when the final price is higher.
Summary: Mandatory charges has to be inclusive and displayed together with the headline price. When add-ons are optional, it should not be pre-ticked and it should never be. Should there be pre-ticked options, it should be displayed prominently, disclose the price and Terms & Conditions.
The Objective: You can now raise complains should a retailer fail to comply with the above. By pre-ticking optional adds ons, it actually shows how sneaky a retailer is. Also, if a Nintendo Switch is going for $250 in the headline price. When you include other fees and charges such as shipping, handling and etc….it becomes $500. This is not allowed anymore.
b. Price Comparison – Compare prices with competitors to reflect a competitive price or price advantage.
Summary: Retailers have to ensure goods or services used for marketing comparisons are similar or equivalent by trading norms. Proof or record reference prices to price that it isn’t fake or misleading in nature. Periodically, retailers should check reference prices and amend the comparison accordingly.
Objective: If a competitor starts to say that another house is pricier, they can’t do that now. If they use a price that was aeons ago, that is against the rules too. Using an apple to compare against an orange doesn’t cut it as well. On a personal level, I just think that there is going to be so much fruitless argument on this topic. I can already see what retailers are going to use to argue their actions about what is the norm.
c. Discounts – Offering a price discount for goods and/or service
Summary: Retailers have to use genuine previous prices when making comparisons, record evidence of past sales and prices. If there is a time period of discount, it should be real and stated prominently
Objective: We often see a Usual Price and Discount Price but a lot of those U.P. was never really the Usual Selling Price. The classic, but 1 for $5 and 2 for $10 is finally not allowed anymore. They didn’t say anything about 1 for $5 and 2 for $20 though but I’m pretty sure that is illegal. Often, we see limited period sale to engage consumers in panic buying and scarcity but the truth is that there is none or available for an extended duration instead. Some unscrupulous retailers also advertised her products at a low price with no stock or supply. The whole idea is most likely to attract leads and cross sell other products. All these are not allowed anymore.
d. Use of the Term “Free” – Enticing consumers “Free” products and services to entice them to try it out and eventually buy it.
Summary: Include and specify all fees and costs clearly and prominently with the the free representation. If there is a free trial (Period), there is a need to inform consumers before the end of the free trial and provide clear instructions on how to cancel or stop the deduction.
Objective: There will be retailers who are out there to make consumers pay for goods and/or service that were supposed to be “free”. Some retailers might increase the price or reduce the quality of a product or service to recover the cost of “free”. In my opinion, that isn’t free. Including the free service into part of the package price is not allowed although how are we to know that is the case? Similar to point (c), some retailers might offer some free product or service when they don’t have or do not intend to do so.
Overall, it is great to see that there is some form of price ruling around how retailers market to consumers but if one is naive enough, it still doesn’t help. Although the specifications are there, it sounds almost like “I told you not to do this” and when they get caught, they will get smacked with charges and fines. I don’t see how consumers are being protected more but instead I see more unscrupulous retailers would argue their way out of this.
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.
Earlier something nearing the end of July 2020, LTA (Land Transport Authority of Singapore) announced that there is a code of conduct for pedestrians. Hmm…okay….Initially, I was kind of like – Do we really need something like that. As a human, common sense will prevail. You know, e-scooters, mobility devices and all things including cars and bicycle are at fault all the time.
Annoyingly and also partially true, pedestrians do cause some of these issues similar to what these personal mobility devices does. So, eventually I read and I came to terms with the new code of conduct (It is not a rule or regulation) but a recommended code. So fair enough, if you have one for everyone sharing the footpath, there need to be one for the pedestrians.
Sharing FootPath Sensibly
But truth be told, when there wasn’t such devices available back then. All humans walked on pavements and not watching a show/movie on their devices. Frankly, it is annoying – How are people watching shows while walking on the pavements and crossing the road. It is akin to someone who lights up and walks in front of you. There is just no regards for anyone around you. Since I was young, I was often told to be alert when walking and when I was really young, I had to be yanked back from a traffic light pedestrian crossing by my aunt because a car wanted to beat the red lights.
The smart phone is and will be the greatest invention in the history of mankind. The way you can use a handheld computer in the form of a mobile is just pure genius but that in the same sense has made life and our lifestyle extremely different. Sure enough, it makes it better to avoid awkward silence when you see someone you don’t really know very well in a public space. To a certain extent, I’m sure we are all guilty of using the phone as an excuse not to see someone on the streets.
But the real issue here is that people stop talking to each other. People stop doing stuffs that communicate with one another (like looking into the faces and chatting meaningfully) Tech and gaming companies are going to grow even bigger. The Chinese Tech firms are just bringing that addiction to the next level. I can’t really say that it is a bad thing.
People actually like certain genre of stuffs (Facebook, Snapchat, Tiktok, Instagram and plenty more), it even create a different industry of jobs/entrepreneurship) – so it isn’t a bad thing but eventually anything excessive is. Even work counts – I would say.
In Summary the pedestrian code of conduct and simply put:
a. Use the footpath and pedestrian crossing whenever possible.
b. Pedestrian to keep left at all times. That is fair, we are a right-hand drive.
c. Stay alert and avoid operating mobile communications and/or other functions (Listening to music) in a way that preventive of dangers that may creep up to you or in front of you.
Will anyone read it? Yes. Will many read it? No. Will anyone obey it? Probably, after many years. Nothing will change habits and these are too harsh to be implemented as rules. The Pioneer and Merdeka generation wouldn’t really give a damned though. Mobile phone usage has become more widespread and the result from distracted walking will eventually be accidents occurring more frequently.
The whole idea is to continue to engage and educate the public on how all can play a part in building “a safer and more responsible path-sharing environment”, hopefully people become more gracious over time.
Something interesting came in my way last week. I managed to speak with the General Manager of Wellnex (Link here if you are interested to find out – https://www.wellnex-singapore.com/) and My-insurer. (Link here – https://www.my-insurer.net/) They are in the field of Insurtech field – Insurance Technology. (Something that works differently as compared to the traditional agents who sells you an insurance) I’ll say that they are more of a 99.co or property guru in Insurance style but with a tad more zest as all interactions and details are done digitally so it is as good as meeting the customer face to face. Given current Covid situation, I’m not sure if I want to meet anyone face to face for a 2-3 hour chat about personal finance.
It isn’t a sponsored post. I’m very strict with the way things are being done regarding a sponsored post. As the way it is, I’m happy to write and type whatever my views are and trash whatever I find is trashy. In any case, my-insurer has a separate wellnex platform – which is more of a deals, news, more information kind of portal where businesses and writers can create and post articles.
The Wellnex Interface
Sometime last week, i received an email from them stating that they have achieved the Trust-mark for Data Protection so you can be sure that there is a standard or ISO for dealing and protection the data that you store with them. I’ll say that is a good job considering that they hold key to agents and customer data.
What I really do like about them is that, they have no requirement for me to have at least one post per week or anything of that sort. There isn’t a fee that they pay to me or I need to pay them for using their application to post articles as they wish to stay neutral and free from conflict of interest. That is respectable for a business who work on that ethics. Not many companies are true to what they preach.
Help one another / Refer a good deal
If you own a company or wish to share some deals, do reach out to these folks out there. Perhaps, they can add more marketing value for space or reach or impressions as the marketing guys call it. After all, the idea is to get what you have out there so people know and talks about it.
The whole idea that I wish to do is to create a space where people enjoy reading articles about finance. Perhaps, get them excited about finding out what is out there. What is the current trend? Sometimes, even finding a good deal or good idea will come back. Though I did not start out as early as so many other bloggers did, it is never too late.
Eventually, finding out and working together as online bloggers is something I wish to build in the community. I started out reading financial blogs for many years. In the process, I procrastinated about building one as it takes up too much time. However, the circuit breaker forced me to take on something that I have put off for many years. I hope I will grow my project to a sizable one in the near future.
These are just solely opinions of mine. Different people have different needs, requirement, financial situation and views. For me, this is what I would do if I would like to build my blog. The main aim to to get more viewership and subscribers to keep the lights running.
So, I received an email from GIGA (a subsidiary of Starhub) on updates on the data plans. I was previously on their pop up plan of S$18 monthly for 20GB of data and 200 minutes of talk time and 200 free SMSes. The best is that I do not need to do anything and 40GB will be shown on my next renewal date for the same price. It is not a temporary but a permanent change. Thumbs up for that GIGA.
With random outages from broadband throughout the country despite telcos being KPI-ed from keeping their lines up. At times, such disruptions can bring inconvenience or affect business deals. With more data, it give more assurance and back-ups should anything go wrong.
The good of GIGA
In my previous post about GIGA, the two main points is really what I like:
1. No contract means, flexibility and freedom to cancel the contract anytime.
2. Signup is digital only – meaning you can only sign up online and use an app to access your account as well as setup your payments. They accept most major credit cards and changing them us just through a click.
I still find their branding and customer approach more appealing than Singtel and M1, hence will still stick with them.
Things to take note of
You would need to pay a small registration fee and arrange for the SIM card to be delivered to your preferred location. However, you can use a referral code to supplement the discount. You will get a discount if you use my referral code – “LhS9Ng”. The referral credit is only valid for any plans except the basic $10 GIGA plans.
The Chas (Community Health Assist Scheme) card is for all Singaporeans! Yes, that’s freebies for all Citizens but wait, what is the catch? Well, there are different cards for different segments. There are a total of 5 different segments with two other more pronounced as a benefit for the Merdeka and Pioneer Generation. Then comes the Green card which has the lowest subsidy, followed by the Orange card for lower income households and the Blue card to help out the low income households. The criteria also looks at the Annual Value (AV) of the home that you own.
CHAS cards can be used to see the doctor or dentist at participating GPs and dental clinics. For referrals to specialist outpatient clinics at public hospitals or the National Dental Centre. You will get a subsidy depending on your type of card you are eligible for.
With the new CHAS Green tier, all Singaporeans with certain chronic conditions can now receive subsidies for their treatment costs, regardless of income. Definitely a plus for all Singaporean Citizen.
From the Chas website, you can check your eligibility on their online calculator. Given the current situation, “You can apply online – It is recommended to so do in light of the current situation.”
Apply for CHAS via the online application. Singapore Citizens aged 21 and above can apply for CHAS online on behalf of their household members.
Alternatively, you may download a hardcopy application form here. Once completed, please mail the form (and supporting documents, if any) to
P.O. Box 680, Bukit Merah Central Post Office, Singapore 911536.
Your application will be be processed within 15 working days from the date of receipt of the completed application.
If you have not received the outcome after 15 working days, you can visit the CHAS online application and login using your SingPass or call the CHAS hotline at 1800-275-2427 (1800-ASK-CHAS) to check on your application status.
Disclaimer: These are just solely opinions of mine. Taking care of your own health is also part of being financially free. Taking steps/transferring these risks to avoid those hefty medical bills is also part of financial planning. Being prepared for such events whether it happens to you or someone you know is also a harsh reality which we should be prepared for.
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.
We hear a lot of this all the time. Our parents, our friends, our colleagues and everyone. There isn’t any in my opinion. Some may beg to differ but there really isn’t any the way the see it. There is an actual science to this because it really depends on what kind of person you are. No one will manage your money better than yourself. There are three dimensions to this how I see it.
Your Life Cycle
Life-Cycle – Depending on which part of the cycle one is in, you will change the way you invest and how you want to invest. Different stages in life provides you with different perspective and capability to do certain aspects of financial tweaks. Some get a head start while other don’t but that is not the end goal. It is your objective that is key – No one should just carbon copy a portfolio or process. This is customised and should be based on your own circumstances.
How much you have to invest?
How much you have – This is really a sticky question because the real fact is that no one knows. I am of the mind that your own networth and liquidity is for your own to know and manage. Unless you own the millions that you can’t manage because time is what you need, this would apply to at least 90% of the folks out that. How much can you afford to save or take out that does not affect you paying off your bills on time depends on your financial situation. I remember when I first started out, the salary I have is for my own takings. The very first thing I did was to spend almost all of it. It isn’t smart but we all learn.
Paying yourself first
Paying yourself first is essential in building a bigger pool. The first $1k, $10k, $25k $50k, $100k will be exponentially easier with every milestone. However if you don’t start, then the milestone will not be met. Regular saving plans/investment does help in this process. Using the envelop technique is also recommended for guys who are really starting out.
Time – This is a large and essential part of everything else.
First, you need to find time and give time to learn and experience. No one grew up knowing everything, all of these lies with exposure and experience. Some gets it faster than the rest while others manages this slower. Like an exercise buddy, the journey is long but if you persist and encourage one another, it will ride for a long time.
No excuses – Is Netflix and the next PlayStation more important every other day? Educating and understanding finance takes time and effort. Even if you hate it, try it in a smaller scale model and gradually increase it over time. I can certainly say that over a time period, it will become second nature.
Second, You do not have a warchest overnight. You need to build it. No one knows when is the next drop, what is the next promising industry to go into. No one knows who is the next unicorn or donkey but through time, you will eventually find out about your own strength and sense of investing.
My four points on a good time to invest
These four points in my opinion sets the basis of what is a good time to invest. TLDR:
a. Anytime is a good time to invest as long as you have a plan and you know what you are doing
b.Do not invest more than what you require to pay your bills.
c. Start early, start young, the later you start – the tougher it is. It is never too late but the results will be less than one would expect.
d. Learn as much as you can so that you are well-equipped. Today, there are too many tools around to learn and see.
I also do understand that by saying “When is a good time to invest?” It will attract criticism as to “timing of investment”
Timing the Market?
I would also want to address this issue of timing. It does no one any good if you time the market. No one has the crystal ball.
a. Start by splitting your warchest into different portions. Be disciplined and when market drops, buy some then don’t expect these to turn unto profits overnight.
b. Keep an eye on what you are investing especially if you are buying into a company. Investing into index funds leave you to a more passive investor. We shall not talk about Core and Tactical management of investing this round.
c. Regular investing also helps. Find mutual funds or portfolios who have in-lined principles to what you belief and stick by it.
d. Remember to always review. Things change and so do us as humans during different life cycle.
P.s. As you can see, my beliefs is as such that all things work in an ecosystem (Before it gets disrupted). Smaller efforts gives greater confidence and these translate into positive energy, mindset and clear mind. Then, this brings you to another aspect. When this Eco-system is in place, many of the things we have discussed earlier will be a second nature and you would know how to react accordingly.
My Take on Robo-Advisor
Personally I like to use some form of Robo, systematic investing such as Endowus. It also cancels out my liking of timing my Buy-in timing.
Most importantly, the cash related funds uses a big institution related fund manage such as Dimension Fund which is not readily accessible to retail investor.
They have shown that they return the rebates they receive from the fund houses instead of absorbing it to pay fees to Banks/Financial Institutions as recurring revenues
All funds invested are held on behalf by UOB Kay Hian and held in my own name so funds are safe I say.
My only grip is really about the buy time which I have no control over. By the time the markets drop, I’m not sure when my funds are invested but on the bright side, it means it is consistent and disciplined trading.
Relatively lower management fees which means more compounding interests for all. That is good news.
I also like that they only debit the management fees at the end of the quarter instead of taking money at the start. Tells a lot about how they want to be different. Say no to upfront fees.
The first Robo-advisor to be able to invest using CPFIS. I think they were also the first to be able to use SRS to do so as well. That makes one more level up as CPFIS only approves certain funds that you can invest in. This makes it flexible to invest using Cash, SRS and CPFIS.
If you use my referral code to sign up and invest minimum S$10k, we both get $20 each which can be used to offset the management fees to keep their lights running: https://endowus.com/invite?code=EDZ8M
Money is not everything – They say (Who? I don’t know). Without Money, there are lot of things we cannot do. With proper money management, these will slowly go away and your mind’s will be clearer. With a clear mind, things unravel. An end is always where new things start. Be positive and do not be bound by just money.
This is also not a sponsored posts. I used it and I like what I am seeing.
There is an ongoing promotion for National Day 2020. That is a one-year complimentary membership for Gallery Insider. It is really good to see companies doing their part to make art and increase activities locally.
National Gallery Insider
From the Gallery Insider (link here: https://www.nationalgallery.sg/support/join/membership) – This Gallery Insider is an annual membership programme. Insiders get unlimited access to their dynamic line-up of exhibitions, as well as privileges and discounts for selected programmes. You can also get unique museum merchandise and the Gallery’s culinary offerings at a discount. This sounds really good as it is a great time to explore such options now. Travelling is definitely not available in the near term. However it is not all doom and gloom. There are other things to do and appreciate in Singapore.
Click here at https://www.nationalgallery.sg/support/join/membership to get your FREE ONE Year Gallery Insider membership. This is worth up to $120 in value from unlimited and priority access to all exhibitions. There is a bonus perk of up to 15% discounts on dining and shopping. This is pretty decent.
This Free perk will end on 31 October 2020 so get it as soon as possible. Don’t forget you need to be there physically to activate your membership before October 2020.
However do note that this is for Singaporeans and Singapore PRs. Time to explore Singapore. It is not a sponsored post but I find this a great initiative and also a good way to find out more about Singapore.
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)