Author: betterspider

The strategy for digital retail banks in Singapore

In mid-2019, the Monetary Authority of Singapore (MAS) announced that it will issue 5 new digital full bank licenses to non-bank players in a major move to liberalise the banking industry in Singapore – 2 of these will be digital full banks serving retail customers while the other 3 will be digital wholesale banks, which will be allowed to serve only small and medium enterprises (SMEs) and other non-retail segments. Perhaps it was in response to Hong Kong introducing virtual bank licenses as part of their smart banking initiatives to promote financial innovation and inclusion in Hong Kong and attract underserved segments. Among...

Read More

Was the phase I trade deal a big deal?

You’ve read the headlines – the first phase of the US-China Trade pact has been signed between the two largest economies in the world after they first slapped tariffs on each other in July 2018. Photo: MoreThanShipping Was the phase I trade deal significant? I explore deeper. What the phase I deal is China to commit an additional US$200b purchase program from the US over the next two years (till Dec 2021) Both countries affirm the importance of voluntary, market-based transfers of technology instead of forced transfers Currency enforcement of the Chinese Yuan on market-based principles China will allow US financial...

Read More

Why roboadvisors might be worth the fees

betterspiderWhy roboadvisors might be worth the fees It’s probably is contrary to popular belief – but if you’re like me and you want things to work seamlessly, easily and effortlessly, then sometimes paying a premium for a product or service that delivers just that – might be worth paying a little more for. Think of it like… […] Why roboadvisors might be worth the...

Read More

FSM One ETF RSP Thoughts

FSM One launched their Regular Savings Plan (RSP) for select ETFs in November – up to 40 of them from their focus list across SGX, HKEX and US stock exchanges. In the past, they only used to offer RSP for Unit Trusts (UT) – which are actively managed funds by asset management companies. UTs tend to have front-end sales charges, high annual expense ratios and various other fees (e.g. switching fees, platform fees, exit fees etc). This means that investors can now gain passive exposure to low-cost and diversified securities of their choice through a regular savings plan! The following content contains a...

Read More

Focus on your strengths or fix your weaknesses?

When I was in primary and secondary school, I was sent for weekly Chinese enrichment classes because my grades could barely make it. I vividly recall that I once scored 9 out of 100 for a Chinese written paper – the lowest score in my entire class. It was one of those times when my mum would nag at me and my Chinese teacher would make me re-write a chapter from the textbook ten times over in what was known as 练笔练字. Instead, I loved the English language and I enjoyed writing argumentative essays. I scored an A for...

Read More

Understanding tax efficient ETFs – avoiding US withholding taxes

betterspiderUnderstanding tax efficient ETFs – avoiding US withholding taxes As the ETF market continues to grow, an increasing number of investors would be seeking to build globally diversified portfolios at low cost. I’ve blogged previously about using ETFs to build your own personal investment portfolios, which brings numerous advantages from diversification, risk reduction to cost savings. As a quick […] Understanding tax efficient ETFs – avoiding US withholding...

Read More

DBS Multiplier revises policy effective Feb 01 2020

betterspiderDBS Multiplier revises policy effective Feb 01 2020 Unfortunately, many good things eventually come to an end. DBS announced today that there will be policy changes to their Multiplier account which will take effect from 1 Feb 2020. In essence, the changes are as follows: Creation of new Income category, made up of either Salary credit via GIRO […] DBS Multiplier revises policy effective Feb 01...

Read More

Q4 2019 Portfolio Review – stay invested, stay safe

betterspiderQ4 2019 Portfolio Review – stay invested, stay safe In my last portfolio review, I talked about being cautiously optimistic about the global macroeconomy where trade war tensions will eventually calm. Since then, geopolitical tensions has calmed with the US-China phase one trade deal, the U.S. Federal Reserve cutting rates for the third time this year and greater UK […] Q4 2019 Portfolio Review – stay invested, stay...

Read More

GrabPay MasterCard – more choices for consumers

betterspiderGrabPay MasterCard – more choices for consumers In the year which saw numerous multi-currency debit card launches like Youtrip Debit Card, Transferwise Debit Card and Revolut Card, Southeast Asian tech giant Grab has also joined the fray with the public launch of its GrabPay MasterCard after announcing its early access program earlier this year. In this article, […] GrabPay MasterCard – more choices for...

Read More

The Best of Everything for a working adult – my recommendations

betterspiderThe Best of Everything for a working adult – my recommendations In my experience, the Internet is the first place we look when we conduct research on the products and services. However, the overwhelming amount of information out there might be too much to distil at times. In this summary post called the best of everything for a working adult, I […] The Best of Everything for a working adult – my...

Read More

Preparing my personal finances for 2020

betterspiderPreparing my personal finances for 2020 With just a month to go before the new year, I thought it’d be a good opportunity time to do a review of my personal finances with little Marie Kondo-inspired twist this year – simplifying my finances and getting rid of ‘unloved’ investments. I was looking into ways to solidify […] Preparing my personal finances for...

Read More

Bogleheads philosophy: keep your investment portfolio simple

betterspiderBogleheads philosophy: keep your investment portfolio simple The book The Bogleheads’ Guide to a Three Fund Portfolio describes a simple, low-cost three-fund indexed portfolio that has outperformed most investors in history. It’s one of favourite investment books of all time, as it succinctly captures the essence of investing in simplicity using just three funds across fundamental asset […] Bogleheads philosophy: keep your investment portfolio...

Read More

G3B vs CFA vs MBH vs A35 – investing with SGD-denominated ETFs

betterspiderG3B vs CFA vs MBH vs A35 – investing with SGD-denominated ETFs POSB Invest Saver introduced 2 more ETFs onto their Regular Savings Plan for retail investors to dollar cost average (DCA) every month into 4 SGD-denominated ETFs – up from 2 previously – with a minimum sum of just $100 every month. The introduction of the NikkoAM-StraitsTrading Asia ex Japan REIT […] G3B vs CFA vs MBH vs A35 – investing with SGD-denominated...

Read More

Finding your secondary income source as a fresh graduate

betterspiderFinding your secondary income source as a fresh graduate As the economy slows and cost of living continues to rise, some of us might feel that we should find new ways to make more money to support our lifestyle or even fund our early retirement. Truth to be told, true passive income doesn’t exist – a lot of alternative […] Finding your secondary income source as a fresh...

Read More

Revolut vs TransferWise – the battle of travel multicurrency wallets

Revolut and TransferWise are both useful digital platforms offering you a multi-currency wallet and ability to exchange between hundreds of currencies within the app without expensive markups – saving you tons of foreign transaction fees when travelling or paying in foreign currencies. With the two global fintech players launching in Singapore over the past two weeks, I compare the functionalities of the two services to understand their differences and value proposition. If you missed my reviews for each of these platforms which you can read about them here (Revolut | TransferWise). Otherwise, let’s get started. The following content contains...

Read More

Latest News from PR Newswire