Fave has two sections of their business one is Fave Deals and one is Fave Pay. I presume many people of age would know what Fave deals does. It used to be a big deal with “Groupons”. It actually means Coupons bought in bulk and hence Group Buy and bring down the prices of certain services and products. These trends are now long gone and the current trend is known as e-wallets and online payments. This is where Fave Pay comes in.
Fave deals isn’t gone in entirety but it still involved buying deals from different categories with F&B deals coming at some thing like $30 worth of vouchers at $27 (Something like that which gives you a 5% or 10% discount)
There’s nothing much to talk about but generally signing up with the referral code gives you $1 discount by using my referral code FAVEPAUL62 or by clicking on this link here https://m.myfave.com/singapore/invite/FAVEPAUL62
Most people would have known that you can double stack your rewards by adding Grab Pay for your payment methods. However, since Grab Pay have nerfed all payment rewards, it’s better for you to add a credit card to double stack your payment rewards. DO check your MCC code for eligible rewards. It is getting tougher to double and triple stack rewards so to a certain extent, it isn’t quite worthwhile to use certain e-wallets.
Fave Pay also help in getting goodies from Google Pay and completing your Huat Pats.
I know this can be rather complicated. It took me a while to find out what is this Simply Go ezl concept. It has come to us that we can already use Mastercard and Visa card to tap in and use it for our public transport these days. Here, I think Ezlink is plugging a gap for those without credit cards. (Though I don’t quite see how that is possible to plug the gap when you also aim to use the credit card to top up the ezlink card.)
Nonetheless, with CNY round the corner. EZ Link launched their conversation from a normal EZ Link Card via their Station Machines also known as the Ticketing Machines. It takes about one minute to convert the ezlink card to a “Simply Go” one so that one can top up online instead of queuing up physically. With this upgrade, there is a free $2 added to the card and with ever transport use, you get a scratch card which gives you a cashback amount into your converted Simply Go EZ Link Card. Easy to understand now?
If you have some time to spend and use the public transport a little here and there then please do use my referral code “4005114” when you register for the game. Good Luck and thank you in advance.
So I tried it out and it came with two standard scratch cards which gave me a total of $0.44 cents instantly which isn’t too bad for doing nothing except for the initial conversion. It will take about a minute at the ticketing machine so beware for the crowd behind you.
Conclusion
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
The pictures were taken off EZ Link website for reference.
The opening up of Singapore seemed to be a cheer so far with the most recent news seemingly as a positive sign as all business would eventually open up to the rest of the world. Nonetheless, everyone have to still stay vigilant and not fall into the trap of Covid lockdown once more. It has been an experience with Covid and no one would wish that something like that will happen once again.
KrisShopper – Loyalty Programme
With these Krisflyer seemed to have extensively opened up and aggressively fronting their marketing dollars in Krisflyer shopping (KrisPlus or Kris+). Krisflyer launched their own loyalty programme called KrisShopper. The first 30,000 members who link their KrisFlyer accounts to KrisShopper will receive 1,000 miles, and the first 5,000 will receive additional SGD$20 to spend on KrisShop.
What do you need to do:
Link KrisFlyer to KrisShopper
500 miles
Subscribe to news & promotions while linking accounts
500 miles
Link before 30th June 2022
Status match
If you are eligible and done the correct steps, both miles and voucher will be credited within 10 business days after 30th June 2020.
Kris+ Couponmania (Co-brand/Partnership with Sqkii)
If you do not know what is Sqkii by now, you can check them out on their facebook or webpage. They first started out by letting people do the typical hide and seek treasure hunt for prize money by giving clues on a daily basis. How Kris+ is partnering with them is that they have created a game that allows anyone with a Kris+ account to merge coupon boxes. It is definitely not going to be easy as this is similar to the 2048 game that you play on your mobile. Each merging gets you a bigger coupon or prize which seems to be random. There’s also no guarantee that you will get the top prize which a a Nintendo switch or a Oven set.
You would also get a mini coupon prize to start off once you have signed up. Additionally, if you sync your Kris+ account, you get a speed up ticket that gives you a faster distribution per token. Once that is used up, you need to start referring more friends.
Remember not to skip the referral portion and also syncing your Kris+ account.
Everyone probably need referral to open up to more spaces to collect the coupons to merge the coupons. It takes 7 mins to be loaded with the level 1 coupon so 10 spaces means it will be full in 70 mins. Mindblown? haha.
If you do not have a Kris+ Account or App
If you don’t have a Kris+ account, you can download it via IOS or Google Play.
Sign up now with my link below, and my referral code L329518, and we’ll each be rewarded with SGD 5 worth of KrisPay miles upon your first transaction. https://sqkrisplus.page.link/2cf87APVrFXFHT5e7
There’s also a daily challenge per week to login once every 24 hours and you get to claim 150 miles which you can use to offset your shopping. This will end this week so while it lasts.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check out my referral links.
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
The pictures were taken from KrisPlus website for this article.
Money Owl has been the regular investing strategy monthly for about close to 2 years. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
This is really a small part of my portfolio at $100 monthly RSP for around two years for now. I Probably will stick with MO for now just to compare them versus Endowus. I like the management team, honest and no conflict of interest. Maybe I add on other investment strategies on their platform if the timing is right.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction
As a retail investor, you will most likely not be able to access such funds (Dimension Funds). When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail is kind of king now.
Context
My MoneyOwl Portfolio is one that does not hold a lot. It isn’t my main Robo Portfolio but they kind of become slightly more trusted over the last few months. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot. I still envy folks who are in the twenties and build their portfolio early.
However, when you are young – Money is a limited resource. As usual, personal finance also have to revolve around each individual situation and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
Mar 2022 performance (Day One Deposit)
In portfolio terms, it is up +8.56% and compared to my last review in Aug 2021 which was at +18.30% on 2 Sep 2021, it has dipped quite a bit in terms of percentage points. The portfolio size isn’t something great. Just a net deposit of $3,200. I kept the regular investing of $100 per month and it’s looking rather slow. I might increase this monthly amount to build the base up a little more. 2022 has not been kind to the markets and will continue to do so. So far, the defensive nature is what I have seen as a plus point.
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +24.63%. Again, this return is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
f. Recently, the russia exposure was mentioned to investors that it was removed and likely due to the sanctions.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$100,000 and below, there will be a 0.6% p.a. management fee and 0.5% p.a. for amounts above S$100,000. This amount will be rebated back in the portfolio. So take note that only Cash investments (Wise Income will also incur management fees), the cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours).
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Personally, I think that they are decent. A very conservative bunch.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
After Tiger Brokers and Moomoo (by Futu), here comes another player in the market named uSMART SG. Who are they? Founded in December 2018, uSMART Group, has headquarters in Singapore, Hong Kong, China and New Zealand. They have a global workforce of 400, with more than half in the product and development teams.
Who They Are
uSMART SG is mainly backed by Hong Kong company – Chow Tai Fook Group. Their main business would be in the jewellery line. This is probably a diversification from their original business. The other investors are also well known: BNP Paribas, UBS, Ping An, Yahoo, Tencent and Alibaba. (which is strange for Tencent since they are also backers of another brokerage firm)
Their mission is to
provide leading smart investment services to global investors, and to maximize investors’ value through monetary, knowledge and positive emotions. (as per on their website)
Fees
I shall not talk alot about fees. There are many different types of structures and market that you can find if you trade.
Promotions & Rewards
Okay, enough of all the blabbering. Once it is on the public domain, the key questions is what are the perks available now? I think that they are still new entrants to this and not many people know about them so the initial perk have been relatively decent.
Once you sign up, the first freebie is a SGD 15 cash voucher will be deposited in the Rewards Center upon account opening (Standard account). To redeem this cash voucher, complete at least three stocks BUY or SELL trades above S$100 within 90 days
The next promotion is either three shares of BITO, which is the ticker for ProShares Bitcoin Strategy ETF. If cryptocurrency gains traction with the rest of the community and becomes even more mainstream. This ETF would then have the potential for significant capital returns. (NOTE: For this welcome reward voucher, is unlocked by making a first deposit in a SINGLE transfer amounting to at least S$2,000 or its equivalent value. If user picks the BITO share voucher, you will need to maintain SGD2,000 AUM for 30 consecutive days in order to redeem the 3 BITO shares. You can choose the Investment Master Course which is ranked by uSMART as the higher value.
Last point to note: You will need to head to Rewards Center to redeem these rewards or they will expire and you will get nothing from it.
The return on the SGD 2k investment will be around 5%, almost risk free. Take note of the daily average which has to be SGD 2000 and above for the next 30 days. (If you are using them to trade often)
Thank you in advance for funding the activity of this blog and deals. It is just a little affiliate marketing/referral fees that I take. This pays for all the marketing activity, IT related fees and any other miscellaneous payments. Thanks again for keeping the lights running here.
Disclaimer
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
The pictures were taken from the uSMART SG website for this article.
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
This is really a small part of my portfolio at $100 monthly RSP for around two years for now. I may take it all out of StashAway and put it with them or Endowus on any pullback. Maybe I will RSP into ESG or the Lion Global infinity 500. I will decide once I see the situation.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 24 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one Ultra HNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
Summary
My MoneyOwl Portfolio is one that does not hold a lot and it is through regular S$100 crediting. It’s not a lot but as it isn’t my main Robo Portfolio, I am less inclined to put more cash into investments. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot.
Importantly, personal finance also have to revolve around each individual situation and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
Feb 2022 performance (Since Day One Deposit)
In portfolio terms, it is up +7.2% and compared to my last review in Aug 2021 which was at +18.30% on 2 Sep 2021, it has dipped quite a bit in terms of percentage points. The portfolio size isn’t something great. Just a net deposit of 3,200. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. 2022 has not been kind to the markets.
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +22%. Again, this return is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
f. Recently, the russia exposure was mentioned to investors that it was removed and likely due to the sanctions.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$100,000 and below, there will be a 0.6% p.a. management fee and 0.5% p.a. for amounts above S$100,000. This amount will be rebated back in the portfolio. So take note that only Cash investments (Wise Income will also incur management fees), the cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours).
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Personally, I think that they are decent. A very conservative bunch.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
Crypto.com (CRO mainnet & https://crypto.com) has been around for some time now. I have not seen any utility crypto company who has delivered what they want to deliver to consumers over the last few years. They are as similar if not the same as any other company with a physical product that works. While I have my concerns, I do feel that they offer a little bit of everything which new users can learn about and existing users can complement with their existing knowledge.
Cryptocurrency
To a certain extent, sometimes just jumping on the bandwagon allows one to commit and understand how the crypto world works. Once you have committed some money, one will take the effort to find out more and discover the traits of the crypto world and what it entails. Crypto is a highly aggressive alternative investment and everyone should be careful. This article just talks more about what I feel so do your own diligence before jumping onto something.
Meanwhile, given that Binance International is going through some regulatory and compliance issues in Singapore. Crypto.com is a good way to explore your options. To explain further about the perks on opening a crypto.com account:
By signing up, you will get SGD 100 and an exclusive NFT. Of course, you would need to be the first 100,o00 users to do so. To find out more read here: Mid-Autumn Crypto.com Promotion
Plus, I’d get my very first NFT “Lion Mooncake”. Curious to know how it looks like!
To maximise your rewards, you can choose to stake SGD $500 CRO so that I can unlock the referral bonus of US$25 (Referral Bonus)
To redeem NFT, you will need to sign up the NFT account that Crypto.com has at Crypto.com NFT Account
How to connect your Crypto.com/NFT and Crypto.com App accounts (Taken from their website):
Enter the email address that’s associated with your Crypto.com App account and send a connection request to your inbox.
Open the authorisation email, click Connect, enter your Crypto.com App passcode, and click Authorise & launch NFT.
If you would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM
Crypto.com Eco-system
I understand that by now, most would be a little confused with so many accounts. What Crypto.com can do is a lot of stuff. Listing it down and in summary:
a.https://crypto.com – This is their main app which allows you to swap cryptocurrency and also to setup your Metal VISA card. The Visa Card gives you the perks of cashback and using CRO to pay for specific vouchers (Special cashback discounts as well) – [APP only]
b. https://crypto.com/exchange – This is the trading account which allow you to set limits and trade with other pairs that they allow on the exchange (You can treat this as a brokerage account. The perks of opening the exchange account can be found here: Exchange Perks [Website & APP]
c. https://crypto.com/NFT – This is the marketplace for NFTs and also known as non-fungible Token. This is also what many know as digital art. [Website & APP]
d. https://crypto.com/defi-wallet – With the Crypto.com DeFi Wallet (a non-custodial wallet), you can send crypto to anyone around the world at your preferred confirmation speed and the network fee. With this you can also store and earn interest Crypto.com DeFi Wallet is a decentralized wallet, which means you own your private keys. During wallet creation, you will have to write down your recovery phrase which when needed, you will be able to restore your funds. (This is very important)
From here you can have the option to choose among the whitelisted validators for staking and redelegation (change delegation from existing validator to another validator). This will give you additional interest. Read more about it here: Defi-Wallet Earn
Some simple benefits for sign up
1. Supercharger
Other than putting approved coins to earn interest on the APP. You can also join in the syndication on the Exchange or the Supercharger event on the Crypto.com APP itself. You can stake your CRO and treat it as a way to farm for other coins that crypto.com has a promotion or link with. More information can be found here: Supercharger Event.
2. Metal Card Cashback
The Metal Card Cashback works like a credit card cashback account. The only thing that functions differently is that it is a debit card. You will need to pre-load it with cash before transacting with spends. Like any other card, they have to abide by MAS PSA. The card also credits cashback based on the MCC spends. More details can be found here: Cashback eligibility under their CRO cashback rewards program
Not to mention that if you take on the higher tier cards, you can get rebates for Spotify, Netflix and ever prime plus other perks which can be found here at https://crypto.com/sg/cards
3. Additional Promotion and Discounts
More perks and discount will be added over time and the updated ones until 30 Sep 2021 can be found here at User Exclusives and Promotions. If you have any queries, drop me a note and I will try my best to answer your questions. It can be daunting at first but eventually, you will get a hang of it.
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. If you would like to give Crypto.com a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
I think that given the amount of time I am left with for the next month, I would likely blog lesser than before. I just have not much time on my hand but I will still squeeze in deals and new information and I have some content to share. I’ll need more time to read up and understand more about the product first before I pen it all down.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
Summary
My MoneyOwl Portfolio is one that does not hold a lot and it is through regular S$100 crediting. It’s not a lot but as it isn’t my main Robo Portfolio, I am less inclined to put more cash into investments. At the same time, for folk who have just started the investment journey, S$100 is definitely doable for a long long term portfolio. The whole idea of this blog is to also show that it does not take a lot to start building your own retirement pot.
Recently, we also purchased a bigger apartment and had our second child. Funds are relatively being used up quicker and outflows have been on a hectic level. Our own portfolio would definitely be used up for the new renovations and purchase as well as childcare in the next 1.5 years. So, personal finance also have to revolve around each individual condition and understand the situation will determine what is required.
On top of the asset that we acquire, there is a need to tweak the insurance coverage due to a new child and an increased mortgage. Should there be any issues that happen to any one of us, at least the full liabilities are covered.
August 2021 performance (Since Day One Deposit)
In portfolio terms, it is up +18.30% on 2 Sep 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,400. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. August was a positive month again by +0.1%
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +31.38% (which is 1.0% compared to July 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, there is no change and it is at 60% equities and 40% fixed income. The portfolio consists of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
One of the reasons I went into MoneyOwl and Endowus initially was because of the Dimensional Fund. These are not readily available to retail investors but the investing landscape has changed. Retail has as much power as one UHNW investor if combined as a whole. Of course, you can still argue that doing 1 ticket size is better than doing one million ticket size.
July 2021 performance (Since Day One Deposit)
In portfolio terms, it is up +18.19% on 4 Aug 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,300. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. July was a positive month again by +0.3%
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals at +30.38% (which is 1.5% compared to June 2021) Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, it is at 60% equities and 40% fixed income and makes up of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
e. The government bonds remains to be on the downside which is expected though it recovered a little as compared to the previous month. The impact is negligible.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.
Who is Money Owl?
MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.
As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.
June 2021 performance (Since Day One Deposit)
In portfolio terms, it is up +17.77% on 30June 2021 since inception in June 2020. The portfolio size isn’t something great. Just a net deposit of 2,300. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months. June was a stable month at least.
If we look at Time Weighted Returns, it is the more accurate to account of deposit and withdrawals. Again, this returns is just for reference. At the end of the day, what you originally invest in and the final amount will be the absolute profit.
In terms of the portfolio allocation, it is at 60% equities and 40% fixed income and makes up of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.
Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.
In the details on the profit and loss sheet:
a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date and continues to do well.
b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.
c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.
d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.
MoneyOwl fees
A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.
a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.
b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)
c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.
It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)
Disclaimer
This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.
If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM
Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations
