Tag: income

Singapore Reits or not?

On By RistrettzIn Alternative Investments, Deals, New Ideas, Personal Finance Series, Robo AdvisorsLeave a comment

Singapore Reits is something that many Singaporeans understand and take heart to. Some folks actually build their income/passive income via this source and I can see why.

My take on Reits on SGX

a. First it is based in Singapore – There is this local bias that it can do well given most people like to see for themselves if the malls are working out well in terms of retail quality, crowd, spending and how many shops are still in business.

b. SGD payouts avoids the currency risks. For a retiree or someone drawing on income from dividends, this payouts serve as a source of bill payment.

c. An alternative and cheaper way to enter the real estate market in Singapore is really through the reits/stock exchange. I know that people will argue that it is different but technically in my view, it is the same (And you do not need to pay stamp duties, get a mortgage and pay sales charges)

d. It is more liquid than real estate.

For a long time now, Reits have been growing big and popular within the investing community. Again, all investments comes with risks – Most people have more comfort in dealing with things they can see or get a sense of. For a long time, there have been plenty of wins for reits but as you can also see, the Circuit Breaker period in April through May have affected them in a way or another.

Diversification?

So again diversification is key to investing once more. If you put all your eggs into the Reits for passive income, then with such dividend cuts your bottom line is definitely affected. Currently, it doesn’t seem like this Covid situation is going back down or slow down whatsoever so dividend cuts is going to be prolonged in order to save businesses and jobs. Then again, there are certain sectors who might see a booming business such as Data Centres or even certain suburban reits. Sub-urban malls are definitely crowded but the former shopping aisles in orchard and high end malls are definitely missing the tourist crowd which rakes in the cash and spending. It is no wonder why people are worried about their livelihoods.

It is not all doom and gloom. Sectors will emerge while some will recover. It is definitely time to pick up some if you did not have any. The idea is to really have a long-term goals when you pick a stock and stay disciplined. Once you sell it off, you may never be able to pick back the company at their valuations again.

The Passive or Lazy Choice

If you are lazy, let Robo-advisors do the trick for you. For e.g. Syfe. https://www.syfe.com/ Initially i only took on the Reit+ portfolio some time in April 2020 to test it out so that I do not need to manage the portfolio and incur those trading fees. They have expanded other products such as a Global ARI portfolio (Long term investment into equity,bonds and commodities) and Equity100 portfolio which is 100% into global Equity ETF (US and UK listed ETFs)

Auto-rebalancing

Syfe has invented their ARI (Automated Risk Investing) methodology, which is a risk-based rebalancing strategy, which changes the allocations of your portfolio according to changes in risks in the market in order to limit your losses. In short, once it triggers a certain level, the system will trigger an alert and things start to sell off to re-allocate. It also means that over the longer term, you will naturally see a better performance of the portfolio.

Every rebalancing of course depends on what portfolio you choose from so everyone is different. I personally like the idea of investing into a portfolio of reits instead of picking it on my own. In terms of fees, it depends on your investment amount with them.

In terms of pricing, I think it is cost effective. Do find out more about it here https://www.syfe.com/pricing

a. Management fee per year is at 0.65% p.a. for investment amounts S$0 – S$20k.

b. Management fee per year is at 0.50% p.a. for investment amounts S$20k – S$100k.

c. Management fee per year is at 0.40% p.a. for investment amounts S$100k and above.

Do use my referral code to get some benefits when you sign up a new account with Syfe. Referral Code: SRPTSMQ5J

You will get (Find our more about their referral scheme here https://www.syfe.com/magazine/how-can-i-invite-a-friend-to-join-syfe/) :

a. S$10 bonus if you invest S$500

b. S$50 bonus if you invest S$10,000

c. S$100 bonus if you invest S$20,000

Disclaimer

This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy. 

If you like what I am sharing or if it resonates with you, do use my referral codes here at https://atomic-temporary-178675883.wpcomstaging.com/contact/ for the services.

The pictures were taken from Syfe website for this article.

The difference between all Chas cards & all Singaporean gets it

On By RistrettzIn New Ideas, Wealth & HealthLeave a comment

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

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.”

Application

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.

FAQs

More of Chas FAQs can be found here: https://www.chas.sg/faq_list.aspx?id=626

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.

If you like what I am sharing or if it resonates with you, do use my referral codes here for other services at https://lifejourney840443474.wordpress.com/contact/

The pictures were taken from the website for this article.

Ways to make some money & Reviews

On By RistrettzIn Alternative Income, New IdeasLeave a comment

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.

Key in the referral Code: DbKjxMP 

Google PlayStore – https://goo.gl/eTHTya

Apple Store – https://apple.co/2MmnprL

YouGov SG

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.

https://sg.yougov.com/en-sg/account/login/

Google Opinions

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.

https://play.google.com/store/apps/details?id=com.google.android.apps.paidtasks&hl=en_SG

Valued Opinions SG

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.

https://www.valuedopinions.sg/

Rakuten Insight

Rakuten re-branded a few times in the past. Their surveys take longer than most but once your accumulate 150 Epoints or more, you can redeem $10 via PayPal. Redemption starts from 75 Epoints for $5.

https://sg.m.aipsurveys.com/

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.

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://atomic-temporary-178675883.wpcomstaging.com/contact/

The pictures were taken from the respective websites for this article.