Tag: Random

Syfe – Performance Aug 2021

On By RistrettzIn Performance, Personal Finance Series, Robo AdvisorsLeave a comment

Here is yet another robo advisor that I get on my portfolio since the start of 2020. It has been okay I feel. Ever since 2020, it has been a year and till today – I’m not exactly convinced though.

I am caught in both minds. I like reits but yet I don’t quite like Singapore equities in general. Dividend paying equities are definitely good but yet I have more appetite for a growth company. It is just not that sustainable over the long term I feel. Where are the money coming from to build more creativity and expand their business.

Why Syfe?

When the markets were down during March 2020, it was quite exciting times because those were the kind of period which I actually will put money into investments. To a certain extent, I have also put money into other robo advisors such as Endowus and StashAway. While those are more of a “global diversification”, Syfe is more of a local bias for it’s Reits+ Portfolio and truth be told I then took the plunge for a small amount just to try it out a non-DIY approach to Reits investing.

Next, what I struggled with then over the period is that there were quite a discount off many equity tickers and I didn’t really know what to buy or what to expect since the market was in a downtrend. As with every investment, making a rational or emotional decision can only be determined after the event has passed. Reits has since risen, dropped and risen yet again. Frankly, I’ve been busy to keep looking into my own portfolio.

I haven’t got around to increase the investment funds so it is only a very small initial amount. Partly, my mind tells me to do dollar cost averaging for my other investments so we still have to see how things go.

Performance (August 2021)

 

12 months has gone by and +28.65% is pretty insane in my opinion. The last time I looked at this was 6 months ago in March 2021 and it has increased by slightly more than 5%. Then again, the base that I started out with is quite a fantastic benchmark so maybe that isn’t too fair. From here, there isn’t fresh funds invested as I am think more about my overall portfolio. I do think I have enough of the local investments and typically Singapore equities are rather slow and neutral in performance. Even the STI isn’t that exciting in my opinion. If you really look at a 50 year and beyond horizon for S&P 500, it is an amazing uptrend with good returns.

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 Syfe Signup) :

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 Referral and Recommendations

The pictures were taken from Syfe website for this article.

1 free APPLE and NIO Stock for Moomoo users (One up for new sign ups)

On By RistrettzIn Alternative Income, Personal Finance SeriesLeave a comment

I’m just going to bring this Moomoo brokerage app up again on my blog because the promotion is too good now to be true. I’m not sure how fast this will run out but giving a new user 1 free APPLE stock and 1 free NIO stock is unheard of. There is just too good to not get this up now.

Let’s do the Math: USD 146 + USD 46 = almost USD 200

That’s just free money so let’s not waste any time.

To be honest, I am a little cheesed off that I signed up earlier as it feels like I got penalised for being faster and earlier on this.

You can click on my previous post to read more about it: Previous Blog Post

Who is Moomoo?

Who is Moomoo? Moomoo are a nasdaq listed company known at FUTU Holdings Limited. FUTU SG is a subsidiary of their parent company. Moomoo/Futu is also backed by Tencent and for those who don’t know who they are, they are a China based global gaming, superapp, entertainment, internet giant, etc. If you did not know, they do not charge commissions for stock trading for US, SGD and HK markets. They also do not charge a custodian fee. I am guessing that volume plays a big part in this whole scheme of things.

Promotions

Let’s just sum up what you will be getting first:

a. 1 AAPL Share

b. 1 NIO Share

c. Up to 20 Free TWTR shares

d. Unlimited Commission-free Trading for US, HK and SG Market, however you continue to pay the other fees such as trading, platform fees, etc.

d. Free Level 2 Market Data for US stocks

e. Free SGX securities Level 1 real-time data

f. SGD 50 Cash Coupon for stock transfer in.

Conditions to get your promotions (No free lunch)

Now, nothing comes free so these are required but do check the T&Cs officially to avoid any disappointment. These days, there are so much information flow that most of us can’t keep up.

a. You need to be a NEW Customer and be in Singapore to get this offer (You have to be above 18 years of age and have a valid bank account in your own name) – [For KYC purpose obviously]

b. Commission free trades does not apple for stock options, futures and China A shares. The promotion commission-free promotion is only valid for 180 days.

c. You can only transfer in shares that are for US and HK positions and you will get that S$50 cash coupon for the first transfer in.

d. In order to obtain your referral rewards, you will need to do some work. Referral rewards will be capped at a maximum of 20 Twitter Shares and 600 days of commission-free trading. So, get those referral coming.

e. To get your 1 free APPL share, you need to deposit funds worth S$2700 or USD 2000 or HKD16,00 within 30 days from account opening + Open an account by 2 Aug 2021.

f. As for your  1 free NIO share, you will need to unlock Level 1 trading bade or complete 5 successful trades within 30 days of account opening + deposit funds worth S$2700 or USD 2000 or HKD16,00 within 30 days from account opening.

Read more about their T&Cs here: https://support.futusg.com/en-us/topic128

Read about the Fees you need to pay: https://support.futusg.com/en-us/topic76

I personally think that it is a no brainer to get the perks. Thank you in advance for using my referral code: https://j.moomoo.com/004Fsa

For reference, please refer to the official website or contact their representatives.

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.

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 and information that I am using are taken from Futu’s/Moomoo’s website for the purpose of this blog post.

A New Service in Town – Goldback on Hugo

On By RistrettzIn Alternative Income, Deals, Personal Finance SeriesLeave a comment

With the internet, news and services get rolled out pretty at a light speed. Recently, the blog community and several other channels (likely paid/sponsored) has seen a new service in town. It isn’t your usual savings or investment account but instead a Goldback account. At at current, it looks really simple at this point in time. I’m not sure what they have in store for future development. (https://onelink.to/hugosave)

Hugo Save or Wealthcare

Savings are made made simpler through the Hugo Save App. How this works is through Roundups – every transaction on the Hugo Platinum Visa Debit Card is rounded up to the nearest dollar. This weekly Roundup savings are then automatically invested into real physical gold via the Hugo Gold Vault.

There are also other options such as:

1. Micro Investments – Grab Invest (Nothing Fancy but also nothing exciting). These have no lock-ins.

2. Micro Insurance – SNACK by Income. They offer small insurance benefits that build up over time. They can be a good source of insurance coverage for freelancers or folks who just came to employment.

3. With Hugo, they focus on savings and what more can they do to provide it as a platform to save eventually rounded into Gold.

a. You sign up with your details here at Hugo: https://www.hugosave.com/, click on the download button.

b. Fill and submit your details. I believe they have a pretty quick turnaround. Meanwhile, you will need a photo of your NRIC and selfie as a check.

c. Within the next business day, you should have your account setup and proceed into the app to get your physical card. This portion takes about 2 weeks minimally to obtain the physical card and start spending.

Each account is provided with an account number and a DBS Swift Code which is safeguarded within DBS Bank. You can load money via FAST to your account at Hugo

c. You can then explore to create moneypots (Savings) and if you spend on your card, there will be a round up function which will complete your micro savings into what they call Goldback.

Features

There are several features on the app:

  1. You can add money pots to create saving goals. (for example – different kid, PS5, new gadget) Take note though that there will not be any interest earned.
  2. Separately, there is a Gold Vault which you can:
    1. regularly invest in by setting a monthly date and amount to put into Gold
    2. Ad-hoc invest into the Gold account.

The Gold account in the Gold Vault is physical gold allocated against your investments. They are stored in an accredited London Bullion Market Association vault and insured by Lloyds of London.

Some Partnership links

It seems like HugoSave have a couple of partnership links that users can take advantage of:

a. From Circles (Telco): https://bit.ly/HugoXCirclesLife (minimum S$40 payment for 5 bills, get $S20 in staggered Goldback payment) You will need to be a Circles customers I suppose and looks like they have a promotion code to sign up too.

b. From Ohm Energy (Electricity Retailer): https://bit.ly/HugoXOhm (minimum S$40 payment for 5 bills, get $S30 in staggered Goldback payment) You will need to be an Ohm customer I suppose and looks like they have a promotion code to sign up too.

My Personal Thoughts

Pros

Good things first – When i first checked this out, the first thing that came to mind was a structured way to save money. This works for me in terms of setting saving goals for myself and pocket money for my kids.

The idea of roundups came in as a fresh perspective. Putting it into Gold was a little off-putting initially but i figured out that it is a safe haven so no harm to do so.

Next, I eventually thought about freelancers and people who say that they can’t really save every month. This put in to practice what you can really do now. Putting money pots and fix your savings without spending it.

With the increase and new generation into freelance work, this will help people in terms of educating savings. You have a fixed

Cons

I’m just thinking as a devil’s advocate. Should there be more than Gold as an option in this roundup function?

Next up, the physical card took rather long to arrive before I can use it. Perhaps, there can be consideration for spending on the numberless card before it arrives.

Are there any signup perks for customers? Since the objective is driven by savings instead of an interest bearing account. Considering that I can do the same via a Bank app, what is the edge other than purely savings.

Afterall, I’m pretty seasoned in this new app, new services stuff. They spend money to acquire customers, then roll a tight budget to stay sustainable. Nothing wrong in doing so, that’s just entrepreneurship and staying relevant.

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.

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 Hugo Save’s website for this article.

Singlife Reopens with new Marketing Strategy

On By RistrettzIn Alternative Income, Interest Rates, New IdeasLeave a comment

I like how Singlife uses the community to spread information. It is definitely a cheap way to spend money. It gives me content to publish while it provides Singlife with multiple arms to disseminate information. However, there isn’t any referral scheme with this re-open. Instead, I guess that to stay sustainable, they have to reduce the interest rates for the first S$10k.

I received the email from their Marketing Communications team and it reads:

The Central Banks continue to keep interest rates low, Singlife has introduced a new way to be rewarded for spending and investing, earning up to 2.0% p.a. return on the first S$10,000 through the following campaigns:

  • The Save, Spend, Earn Campaign and,

  • The Grow 0.5% p.a. Bonus Return Campaign.

The catch here is up to 2.0% p.a. return. Beginning 1 July 2021, the Singlife Account will offer up to 2.0% p.a. return on the first S$10,000. The base crediting rates will be revised to 1.0% p.a. on the first S$10,000 and 0.5% p.a. return on the next S$90,000, customers will still have the opportunity to enjoy up to 1.0% p.a. bonus return.

So, sustainability of the business is a way forward. I’ll say that the interest rate has been semi-nerfed for valid reasons. On top of that, you can still gain 0.5% more by spending and another 0.5% if you invest with GROW. Personally, I wouldn’t put money with GROW but I will spend to make the interest up to 1.5% for the first S$10k.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

In this article, the pictures were taken from websites for illustration only. Stay Safe!

S$280 from SCB Bonus$aver Account

On By RistrettzIn Deals, Personal Finance SeriesLeave a comment

For cash solutions, there are plenty of those around on robo-advisors. Cash solutions actually mean as good as cash. They can also be termed as money market solutions. In terms of allocation, they can be considered riskier than holding cash and less risky compared to bonds. Generally, the risk is lower as compared to any investments.

Cash Solutions/Management

Most of the solutions are termed as cash management. It may sound complicated, it is just another term or a financial description.

i. It can be a series of money market funds combined to get a yield.

ii. Some of these cash solutions also be cash backed by loans/mortgage/cheap loans.

iii. When there are deals or directive from a company, there can be a combination of marketing dollars and promotions. These benefits the consumers usually.

There are multiple creative fiduciary ways to get a better yield however not all are covered under SDIC. This means that if there is a bank run – Your first S$75k in the bank covered by SDIC is secure.

The SCB Bonus Saver account

Standard Chartered Bank is running an interesting promotion for customers who currently do not have a Bonus Saver Account. The clause is that you need to transfer fresh funds (Not from Standard Chartered Bank) to the newly opened Bonus Saver account.

As a result from using SingPass to apply online, you will get an additional S$30. (Total: $208 via Bonus Saver + S$30 via SingPass) Hang on there. If you sign up via SingSaver, you get a little more!

a. The first condition is to fund SGD 50,000 into the Bonus$aver account until the end of the next month. This means that if you opened the account in May, you have to keep the cash in there until end of June)

b. The second condition is to take note of the promotion end date. That will be 31 May 2021. There is still 10 days to go from today 21 May 2021. The account opening is almost instantaneous.

If you apply the Bonus Saver account via SingSaver here at SingSaver Bonus Saver Promotion

Option wise, you can choose to get a set of Apple AirPods Pro (worth S$379) or S$250 cash when you make a min. fresh funds deposit of S$50,000 + S$30 cash upon account opening. Validity will be till 2 Jun 2021.

(Total: $250 via Bonus Saver + S$30 via SingPass) Sweet.

Take note of the charges

  • After you receive your payout take note of the – Fall below fee (fee incurred if you fail to meet the minimum average daily balance of S$3,000): S$5 per month [This is the item you need to take note of]
  • Early account closure fee: S$30 (within 6 months of opening) [Close it after 6 months if you do not require this account]
  • Cheque book fee (optional): S$10 [Not required in my opinion]
  • Debit card annual fee: S$20 [I don’t think we will get there]
  • Credit card annual fee: S$214 [I don’t think we will get there]

How to apply?

If you are looking to apply for the Bonus$aver account and Bonus$aver credit card, you will have to be between 21 to 65 years old.

Click on this link: SingSaver Bonus$aver to apply.

Terms & Conditions

Check out the T&Cs here before you apply: SCB Terms and Conditions

Just a disclaimer, I don’t get anything from this. It’s just a good deal how I see it.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

In this article, the pictures were taken from websites for illustration only. Stay Safe!

A reward for a survey (Depends if it is worth your time) – Fully Redeemed

On By RistrettzIn Deals1 Comment

So, a friend of mine shared a link about the LTA survey here. This Link here LTA Survey. (I was informed that this is fully redeemed now)

Giving your views

Frankly, for S$10 it doesn’t really do much but again everyone is different. Some people actually think that when they save less or get a deal that isn’t the best as losing money.

So if you have some time, why not consider doing this. It will also help by giving some real thoughts and helping to build Singapore. I’m not quite sure if there will be a reward for this but if you have some time, why not then.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

The pictures were taken from relevant website for this article. Stay Safe!

Portfolios Test – Baptism of Fire (Robos, Cryptos, Value Investors & more)

On By RistrettzIn Macroeconomic, Performance, Personal Finance Series, PsychologyLeave a comment

Portfolio Drawdowns

In the year 2020, almost anything that you buy in any asset class will make you some money. Going into the year 2021, it is going to be a tough year. As I mentioned many times, portfolios will go through their baptism of fire. Perhaps it is the month of May. As the saying goes, sell in May and go away? It is going to be a trying year. This year, we will most likely see portfolios taking a hit. This is the time to put all those concepts to use.

Equity markets are pricing in the real leverage, over trading and over optimism with inflation risks and other factors to concerning investors. What are the other reasons? Frankly no one will know. Risky assets are always risky and they reward you with the rewards if you are spot on.

It is always hindsight

No one has any crystal ball so stop looking for gurus. As emotional as many people out there, I see green with envy for others who make the one hit wonder and 1000x their portfolio. The truth is, I doubt that I will even go into that kind of trade. However, it doesn’t stop me from trying stuff out. You never know which one might hit the jackpot.

Cryptocurrency – The way?

Dreaming of 100 BTC at USD 10? If it ever gets there again, will you buy a 100 of those? This is a question only every individual can answer on their own. To put things to perspective, d not look at what others have. Instead, look at your own portfolio and see what make sense of it. What does it serve and what is your target?

There are plenty of blogs out there who have different styles and objective. Their aim is not yours. We are all unique in nature. Learning to cope with drawdowns are key to the investment journey. Don’t panic, keep calm and keep buying. Just continue to do what you are doing consistently, results will show for itself when the time comes.

Disclaimer

This is not a sponsored post. This is purely my own opinion. 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 Referral and Recommendations

The pictures were taken from relevant website for this article. Stay Safe!

SHIB or Shit Coins (Cryptocurrency)

On By RistrettzIn Alternative Income, Alternative Investments, CryptocurrencyLeave a comment

There has been a number of crazy movements in the crypto world. No one can really explain the reason fundamentally but it created a bunch of young millionaires especially from Elon Musk little tweet about Dogecoin.

With only 11 days in the market, Shiba coins seems to be the next trend of meme coins. Woof Paper perhaps of white paper: https://www.shibatoken.com/

Pretty funny comments I would say reading the whitepaper. I hope VB burns or keep SHIB.

Buy or Risk? It really depends on your risk taking level. No pain no gain, no risk no returns.

Currently, it seems like you can use 2 ways to purchase SHIB:

a. Buy via Crypto.com App

b. Buy via metamask [Through the Ethereum (ETH) network]

c. You can buy it through Binance now. That’s pretty huge.

Crypto trading and currency is not for everyone so do your own diligence. Don’t FOMO, invest wisely. Good luck! Now, to the moon.

Disclaimer

If you decide to sign up with Crypto.com to trade any other coins, Use this Crypto.com App to sign up for Crypto.com and we both get $25 USD. Referral Code: im3py887ty

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 SHIB website for reference.

Syfe – Performance Mar 2021

On By RistrettzIn Performance, Personal Finance Series, Robo AdvisorsLeave a comment

Here is yet another robo advisor that I get on my portfolio since the start of 2020. It has been okay I feel. Ever since 2020, it has been a year and till today – I’m not exactly convinced though.

I am caught in both minds. I like reits but yet I don’t quite like Singapore equities in general. Dividend paying equities are definitely good but yet I have more appetite for a growth company. It is just not that sustainable over the long term I feel. Where are the money coming from to build more creativity and expand their business.

Why Syfe?

When the markets were down during March 2020, it was quite exciting times because those were the kind of period which I actually will put money into investments. To a certain extent, I have also put money into other robo advisors such as Endowus and StashAway. While those are more of a “global diversification”, Syfe is more of a local bias for it’s Reits+ Portfolio and truth be told I then took the plunge for a small amount just to try it out a non-DIY approach to Reits investing.

Next, what I struggled with then over the period is that there were quite a discount off many equity tickers and I didn’t really know what to buy or what to expect since the market was in a downtrend. As with every investment, making a rational or emotional decision can only be determined after the event has passed. Reits has since risen, dropped and risen yet again. Frankly, I’ve been busy to keep looking into my own portfolio.

I haven’t got around to increase the investment funds so it is only a very small initial amount. Partly, my mind tells me to do dollar cost averaging for my other investments so we still have to see how things go.

Performance (March 2021)

12 months has gone by and +23.44% is pretty insane in my opinion. Then again, the base that I started out with is quite a fantastic benchmark so maybe that isn’t too fair. From here, there isn’t fresh funds invested as I am think more about my overall portfolio. I do think I have enough of the local investments and typically Singapore equities are rather slow and neutral in performance. Even the STI isn’t that exciting in my opinion. If you really look at a 50 year and beyond horizon for S&P 500, it is an amazing uptrend with good returns.

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 Syfe Signup) :

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 Referral and Recommendations

The pictures were taken from Syfe website for this article.