Tag: nft

Series 1: Starting your Cryptocurrency journey with Crypto.com

On By RistrettzIn Alternative Income, Cryptocurrency, Interest Rates, New Ideas, Performance, Personal Finance SeriesLeave a comment

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:

Sign-up promo (SGD100 + NFT) & USD25 Referral promo

 
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):
    1. Sign in or create an account on Crypto.com/NFT.
    2. Go to Account Activity and select Connect to App.
    3. Enter the email address that’s associated with your Crypto.com App account and send a connection request to your inbox.
    4. 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

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 Crypto.com website for this article.

 

Endowus Performance March 2021 & YTD + New ESG Portfolio

On By RistrettzIn Cryptocurrency, Personal Finance Series, Robo Advisors, Wealth & HealthLeave a comment

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

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

ESG Portfolio (New)

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

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

SRS Portfolio

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

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

CPF Portfolio

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

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

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

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

Like a broken recorder, the pros once more:

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

Thank you all in advance for using my referral code.

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

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

Disclaimer

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

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

These pictures were taken off Endowus website for reference.