Tag: Promotion

Everest Gold

On By RistrettzIn Alternative Income, Alternative Investments, New Ideas, Wealth & HealthLeave a comment

The sound of Everest Gold is not exactly sound and safe at first notice but they are a new digital trading platform. You can trade gold digitally now, akin to a stock brokerage account. There are a number of articles out there from bloggers and online news that talks about Everest Gold.

Trying it out

To try it out, you do not need to put in any money. All you need is to use my referral code and your will be awarded 200k points which is approximately USD 20. These rewards can be used to subscribe for gold during their events.

  • No need for any transactions. Just make sure your details, bank accounts and everything is verified.
  • Referral is limited. Not sure if they will be bringing this back but in Oct 2020, the fee was 300k points which is approximately USD 40.

Referral

Use this link to find out more if you are interested at Everest Gold or use this referral code when you decide to sign up: TZLLE. Both of us will get more rewards for subscription.

History

A little dig up of the company. Everest Gold is a Singapore-based  fintech gold trading form. The creation of such a service is to digitise gold trading and makes it easy for both beginner and expert investors. It is suitable for anyone who have interest in gold trading. I personally have also tested their customer service team and response is pretty decent.

Everest Gold uses 999.9 pure investment grade gold. 1kg bard are from a refiner in switzerland. You can also download them from an app and investing starts from 1 gram. From what it seems, anyone can trade and liquidate almost immediately. Physical gold assets can also be collected from their depositories by submission of a request in-app.

Disclaimer

I do use this service and by signing up as a referrer, both you and I will get some benefits.

As with all investments, there are risks involved so please do your own diligence.

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 Everest Gold website for this article.

Save more when you shop more (Shopback)

On By RistrettzIn New Ideas, Personal Finance SeriesLeave a comment

Shopping for groceries, ordering food from the food apps and online shopping has taken over the world. Covid-19 has made the world to go online and digital in over a short span of time. I find the transformation amazing to the point where businesses are starting to show that they value the digital aspect of promoting their products and services. In Singapore, I do see that many businesses are transforming and redesigning their businesses to a different model as before. However, there are still those black sheep who are out there to just cheat or jack prices up to profit from scarcity.

Shopping

Speaking of shopping online. This is a really cool site to download the app into your mobile phone. This is a local company named Shopback. It gives you cashback into your account for any online spending. These days, you can link your credit card and once you spend on your credit card, the cashback automatically gets credited to your Shopback account. Talk about convenience. There is a new function that Shopback has and that is to purchase vouchers directly from Shopback. You can even use the credits from the cashback you received from previous purchases. That’s stacking more deals and more discounts.

Cashback

Each time you use your card on eligible brands and products (F&B, hotel staycation, vouchers and etc…) there will be a cash back amount allocated to you. The cash will be credited to your account ranging from 3 days to 3 months depending on when the merchant pays them for referring or recommending their products. To a certain extent, it is similar to affiliate marketing. Instead of paying out in marketing costs, the merchants pay affiliate marketers to promote their brands and Shopback gives back a portion of that commission back to the consumers as a form of incentive.

Enough said about getting more bang for your buck. Try it out and see it for yourself. We both earn a $5 bonus once you use my code and spend $20. Easy Peasy.

Save more by using ShopBack to earn Cashback. Download the app and sign up with my referral link to get $5. You can thank me later! https://app.shopback.com/OXuizVNBy9

Even More Cashback?

With the recent 9.9 sale, using a Citibank credit card seem to net you more cashback than usual. Something like additional 3% more cashback but not too sure when that would last till. Promotions don’t last forever so while stocks last. You can actually buy online vouchers from Qoo10, comfortdelgro, grab mart, grabfood, grabtaxi, pupsik, fairprice, GV and more

During random periods or campaigns, they may have upsized cashback deals which doubles the % of deals to your account once you make a transaction. From local brands to big global brands, grocery shopping and ticketing. I’ll say it is a no-brainer.

Disclaimer

This is not a sponsored post and purely my own opinion that I am writing about in my thoughts. If you like what you are seeing, do remember to check they out and do your diligence.  Don’t be too fixated with what is the best.

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

Images seen in this article were take off the relevant websites for illustration purposes only.

Crypto.com Exchange (Crypto Trading)

On By RistrettzIn Alternative Investments, Cryptocurrency, Personal Finance SeriesLeave a comment

Crypto Trading has been something that I was looking to go a couple of years ago. However the process and understanding the steps were just complex and seems daunting. The whole idea of buying crypto through a block-chain transaction and also when you transfer ETH through the ERC-20 system and so on and so forth.

I didn’t even know what was gas to begin with! Then came Crypto.com that was my initial foray into crypto currency and it gave me confidence because of how simple the setup was. It was built into 2 segments and eventually developed into a brokerage style (Crypto.com Exchange) at Exchange

Crypto.com App

The app is divided into two sections: The first is the Visa Debit Card and the second the purchasing wallet in the Crypto App. You can sell your crypto into the Visa Card (This is only one way) in the form of BTC to Fiat Currency. You can buy and sell and convert from different coins/tokens within the app itself as long as they list it in the App.

The next development that they built was the earn functions. It works like a fixed deposit. You need to put in a minimum sum, it can be no terms, 1 month or 3 month and they pay you the interest every week. The presumed interest rates are not fixed and are subject to changes. I find that the flexible terms plans allow for such flexibility. I previously talked about Crypto.com here Foray into Cryptocurrency with a Visa Card

Crypto.com Exchange

Recently, Crypto.com built an Exchange platform. This is what most people define traditionally as the brokerage. This exchange platform will allow you to set triggers for all coin pairs that is tradable on the exchange. You can also set limit buy and sell or market orders through the platform. This gives some form of control as the rates are always moving even during weekends. On the App itself, the rates are probably held for 5/10 secs depend on how volatile the trading pairs are but the exchange will provide live and almost instant conversion at the price that one would like to get.

You can also soft stake in the exchange with other coins that is listed on the page. It means that certain coins get some form of interest just by putting it on the exchange. You do not need to do anything but just take note that it may change from time to time.

Above is the referral programme for both referrer and referee for NEW Users.

They also have a referral programme now. You can also read more about it in detail here at Exchange Referral

The sky is the limit for now. Look at the referral bonus paid out in CROs Tokens. The rich gets richer.

Above is the referral programme for both referrer and referee for EXISTING Users

Benefits

  • No referral limits – You can refer as many friends as you want; you and your friends will each be rewarded upon meeting the requirements.
  • Bonus credited instantly – Referrer/Referee will receive their bonuses immediately once all conditions are met.

If you would like to give it a go or just to try it out, do use my referral code. Meanwhile, if you have any questions about funding or what to use to buy and how to buy, just drop me a note anytime.

Referral Link: My Referral Link

Referral Code: im3py887ty

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.

Images seen in this article were take off the relevant websites for illustration purposes only.

StashAway – August 2020

On By RistrettzIn Personal Finance Series, Robo AdvisorsLeave a comment

Stash Away is another Robo Advisor with different proposition. In my previous posts, I discussed about why I chose different Robo-advisors. Part of me is really to try out what works for me and if I would stay with them long-term. After using Stash Away since Jan 2020, my answer would be a yes. This is the first time I am writing about Stash Away and the experience has been good so far.

Stash Away has a ERAA® (Economic Regime-based Asset Allocation) based robo-systematic allocation system and there is nothing much to complain about. For any SGD funded into the account, it would have to convert to USD in order to buy into the portfolio which involves fees. For dividends distribution, most likely there will be the usual withholding tax. (30%)

One little tip that I realised with cash deposits is that when the US market comes off and I deposit some cash into the portfolio. Within the day, I can see the prices in the app. With SRS funds, It is not that simple. It takes about 2-3 days to do so.

On my view on Stash Away

The Good so far

I really like the App. It is simple and easy to navigate. The colours are all nice and warm, it makes you feel secure with your funds. I like the way they use the technology and methodology to invest the money. The idea is based on an algorithm approach. Recently they reallocated to add on Gold to the portfolio and I think that it was a great move. For cash funds get invested almost immediate in the morning without any lag time sounds good.

One of my habits is to listen to market outlook but that is hard to come back these days. Stash Away has a weekly market commentary by the CIO, Freddy Lim. The very first time i heard him speak was right before the circuit breaker where he shared about risk reward ratio for Stash Away in 2019. Thereafter, his views and comments about the market have been succinct and easy to digest. This makes it easy to understand for everyone. The market commentary is only 15 minutes so it doesn’t take up too much of my time yet it allows me to take back a lot more.

The bad so far

They use a custodian account so the funds are not under your own name. That said, it just means that they have more control and flexibility about the fund flow in a legal way. Even though the move to add commodities into the account, I still feel a little uncomfortable but then I have a long horizon of 10 years so I guess only time will tell. I also do not quite like that they use Saxo Capital to execute the trades. I find that Saxo is generally more costly and offers poor FX rate for the retail and private clients. Given the options we have for brokerage these days, Saxo is not competitive at all in my opinion.

Summary of my portfolio

I have separated three portfolio:

A. Education Funds A – Risk Adjusted to 26%

B. Education Funds B – Risk Adjusted to 22%

C. Retirement Funds C- Risk Adjusted to 30%

From time to time, I will adjust the risk portfolio in the app accordingly when I feel that markets are moving up or down. I take certain risk in that but that is just a very small tweak I make. This is an extremely interesting feature for Stash Away.

Fund A Performance

Since April, the portfolio is up about 7.0% annualised which is pretty good.

Fund B Performance

Since April, the portfolio is up about 4.0% annualised and if markets were too pullback, it would be a good time to top up. Fund A and Fund B was invested in the same time. The main objective was to find out how the fund would perform while using different risk matrix.

Fund C Performance

Fund C was invested since February 2020 before the market pull back. This portion of the fund wasn’t doing well back then in march 2020 and at one point in time, it was at the – -30% mark. But it has since recovered and I have put in more funds into this retirement fund. This Fund has a 20 year horizon so it has a long way to go and I’m not too worried about where it is going in the next 5 years.

As a totality, the full portfolio performance is doing pretty good at around 3.8% annualised.

As you can see in the transaction reports, the details in SGD conversion to USD (1/0.7268 = 1.3759) and investments into the respective US based ETFs that the portfolio chose to follow before funding.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.

Disclaimer

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 Stash Away website for this article.

 

Electricity Retailer – Open Electricity Market (Saving on your bills)

On By RistrettzIn New Ideas, Personal Finance Series, Wealth & HealthLeave a comment

The Singapore electricity market decentralised some time around 2015 and that made way for the big commercial companies to change their electricity supplier. The bulk of electricity are consumed by the business/commercial companies. As an estimate, the ratio of consumption is probably around 65/35 in terms of consumption. The Open Electricity Market started out in phases since November 2018. There was a trial run for 100k households and small businesses in the Jurong Area in April 2018 and these guys get to save at least 30% off the electricity bills! That is such a good deal and a first mover advantage.

The Start of OEM

Since November 2018, it was a phased launch to open up the entire Singapore to all residential households and smaller businesses. By May 2019, Singaporeans can choose the electricity retailer of their choice. It is interesting and unique to see this happening in this small island because SP Group is the monopoly in such nationwide infrastructure. I used to know nothing about the electricity market until such an initiative was discovered. The fact that SP Group remains as the electricity grid provider and transmission lines is indeed unique only to Singapore.

What this means is that all generation in Singapore has to go through the National Grid and in return, the power supply remains consistent, stable and reliable. Not much of a difference I would say.

If there are power outages or blackouts, the whole responsibility still lies with SP Group and you have to contact their 24-hour hotline. These outages has nothing to do with the generation firms. So the key question is still, how is it that these retailers can provide a lower pricing as compared to regulated tariff. (Electricity Rate Tariff is revised every January, April, July and Oct)

Electricity Retailer

From digging up articles and information online as well as speaking with the respective retailers, the simple answer to this question is:

Regulated tariff was formulated. It is similar to how Airlines price their seats which oil prices play a part in that calculation. From only buying electricity from SP Group (It takes in and calculate the 2.5 months of Brent Oil in USD) as part of the formula.

The retailer price, however depends on the bring of electricity they buy from the wholesale market (www.emcsg.com) and from their portfolio in Electricity Futures.(Which is traded in SGX) As a result of a different formulation, this allows the retailers to price in roughly about 15-25% cheaper as compared to the Regulated Tariff.

There is an interesting write up that talks about how prices are cheaper from Ohm Energy here Ohm Market Outlook. Of course, there are also retailers who are willing to absorb all costs to get more customers. As long as there are no hidden costs, we stand to benefit.

The Power to Choose

Now, for the exciting part. there are a 12 choices to choose from. We, as consumers should benefit from the increase in competition from different retailers. I will try my best to let everyone know what are the things to look out for before you switch to a retailer:

All Retailer

Not just the Price

a. First thing first – Do not sweat the small stuff. Cheap does not mean that it is good. Cheap is just the first step to getting your attention. Prices can be compared at the Price Comparison Website which is the official comparison website at Compare. 

Good Reviews Online

b. Check out the reviews first. You can go to Facebook, Google, Retailers’ website, Value Champion, SeedlyReviews and many more. Do not underestimate the power of reviews. Don’t let cheap cover your eyes.

iswitch

This retailer penalises you for forgetting to renew your contract at 5% off the tariff.(What a rip-off! I’m sure there are a few more of such retailers around) A friend of mine told me that Geneco, Tuas power and Union Power renewed their contract at 10% off regulated tariff so please check your contracts.

Renewal Clauses

c. Look at the renewal clauses. It is extremely troublesome to keep switching retailers once every 6/12 months. Some retailers are just out there to rip consumers off by renewing you on a bad renewal contract if you forget. You have to write these guys off permanently.

Choice of Billing

d. What do you prefer? Consolidated fuss-free billing or more separate billing?

What Type of Plans?

e. No perfect plans. Just what s more comfortable for you.

  1. If you want to be paying cheaper than Regulated Tariff then go for the Discount off Tariff price plans. The cons is that if the tariff goes higher, your rate may be higher as well.
  2. If you wish to have some form of fixed pricing, then go for the Fixed Price plans. The cons is that if the tariff goes lower, then your rate will remain at the fixed rate.

Fees and Hidden Charges

f. Take note of Fees and Charges. If you want to just take on a long term contract, make sure you do know the criteria if you can transfer your contract to a new address without incurring an ETF or other fees.

  1. For example Early Termination Fees if you terminate your contract Early.
  2. Late Payment Charges
  3. Transmission Loss Charges
  4. Extra fee for Hard Copy bills
  5. Fee charges for failed payment (Credit Card/Debit Card)
  6. Fee charges for failed GIRO application
  7. Admin Fee if you failed to provide the proper documents to a retailer

Consumer Safeguards

g. There are consumer safeguards so there is no need to worry that your lights will go off. It’s just that it is going to be a little troublesome if anyone goes bust. You can read more about these safeguards here: Consumer Safeguards

It is a no-brainer and there is no catch. Just switch and you are on your way to cheaper bills. You just need to be wary about the retailer you choose from. There are no risks – What you have is literally a financial contract on a rate you agree to sign up on for a certain period. (If you decide to go on a contract plan) If you wish to go on a no commitment, no contract plan, you can check out Ohm Energy. They are one of the rare retailers who offer such plans.

Who did i choose?

Personally, I really prefer Ohm Energy. You can check them out here at Ohm Energy.

Positive and Good Reviews

A. The reviews are literally positive and they look rather solid. They are also Most Popular at Seedly Reviews.

Ohm

Great Customer Service

B. The customer service seems to be the center of all the buzz which I really like. When I have a query, the response that i get from the customer care is quick and concise. Not quite what I have seen elsewhere.

2

Nice Colours and Branding. Even the Name Sounds Cool

C. The branding is just appealing to me and everything is done online. I am so done with roadshow salesperson. They are just out there for a single purpose.

Renewal Bonus

D. When you renew, they have a renewal bonus and also they renewal you at the market rate during the renewal period. That is fair.

Referral Program and more Savings!

F. You can also refer as many friends as you want. That is S$20 for both referrer and referee with no cap. Thumbs Up!

Consolidated Bills

G. Consolidate SP Billing with them means that the payment arrangement, Security Deposit, Hard copy bills all remains the same. That is really easy.

Trial Period

H. For New Customers, they have a three month trial period to try them out. If you decide to switch out before then, there are no fees involved. That gives me confidence about how much they are willing to let you “Try them out”.

If you do select Ohm, do remember to use my referral code: OHMREF3F28B7 (Input into the promocode field and click apply at Step 3 of the application)

Disclaimer

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 retailer and EMA/OEM website for this article.

GIGA with OCBC Frank Credit Card (Part 3)

On By RistrettzIn DealsLeave a comment

There is even more stuff of GIGA customers now. Now this is rather interesting on how they are developing as a company. First come first serve.

GIGA – A Subsidiary of Starhub

This is pretty cool now although i’m not quite sure if I am within the first few who applied for the OCBC Frank Credit Card. I’m not really a fan of OCBC cards as they are generally very traditional and they do not go out that much to get the deals or promotions as much as the other cards do.

Capture

Benefits of the FRANK Credit Card

They have this collaboration about giga’s perfect match with the following:

a. Unlock 6% cashback with the all-new FRANK credit card on online spends, grocery shopping and retail therapy (Using Samsung Pay, Apple Pay, Fitbit Pay, Garmin Pay or Google Pay)

b. S$50 giga bucks as credit to deduct off your monthly giga telephone bills within 2 months upon card approval.

c. Minimum monthly eligible spend of S$600 (online or offline and get S$75 back a month)

The GIGA offer is limited to the first 1,000 sign-ups and valid until 31 October 2020 so do find out more before application.

(link here: https://www.frankbyocbc.com/campaign/meet-giga?AgentSourceCode=GIGEDM

**You have to be a new to FRANK Credit Card member to apply though.

More Perks

On the side, You can also leave a Facebook Review on GIGA’s office Facebook page (Here: https://www.facebook.com/gigaexperience/) and stand to win a S$10 Grabfood Voucher.

Nothing is for free. There will be a small registration fee for the SIM card. You also need to choose the date of delivery of your SIM card. 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.

You can visit their website to find out more: https://www.giga.com.sg/

Disclaimer

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 GIGA website for this article.

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.

GIGA – Even more bang for your buck [Up-sized Data for the same plan] (Part 2)

On By RistrettzIn Personal Finance SeriesLeave a comment

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.

You can visit their website to find out more: https://www.giga.com.sg/

Disclaimer

These are just solely opinions of mine. Different people have different needs and requirements. You can also use Seedly to compare on the different type of plans.

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 GIGA website for this article.

New Changes to MoneyOwl Fees

On By RistrettzIn Alternative Income, New Ideas, Robo AdvisorsLeave a comment

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.

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 six 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.

Changes to MoneyOwl

Recently, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees.

a. For Asset under management S$10,000 and below, there will not be any fees through 31 December 2021. This fee will be rebated back to 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 with detailed report and recommended next course of action. (~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 own portfolio performance.

However, they should really look into improving the interface. (for e.g. making it into an app) They also introduced a referral fee scheme or some promotional fee scheme for new sign ups. Not much complains other than that.

Follow us visit my blog if you like what you read at https://atomic-temporary-178675883.wpcomstaging.com

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. 

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NDP 2020 Promotion: 1 Year Free Membership for Gallery Insider

On By RistrettzIn Deals, Interest, PromotionLeave a comment

There is an ongoing promotion for National Day 2020 – That is a 1-Year complimentary membership for Gallery Insider. It is really good to see companies doing their part to make art and increase activities locally.

Reading directly from the website at https://www.nationalgallery.sg/support/join/membership, it says that 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, unique museum merchandise and the Gallery’s culinary offerings. Sounds not too bad to explore such options now that travelling is pretty much out of the way for an extended period of time. It’s not all doom and gloom. There are other things to do and appreciate our own Country.

Click here at https://www.nationalgallery.sg/support/join/membership to get your FREE 1 Year Gallery Insider membership, which is claimed to be worth up to $120 in value from unlimited and priority access to all exhibitions. Also, there is a bonus perk of up to 15% discounts on dining and shopping. Not too bad I guess.

This Free perk will end on 31 October 2020 and I am guessing while stocks last? Sign up asap! Don’t forget you need to be there physically to activate your membership before October end.

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.

(Image from National gallery website)

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