Author: Finance Smiths

Back from holiday and getting ready for work

We got back yesterday from a 2-week trip to Croatia (Europe) and it was great! Haha, our last long holiday was a 1-week ski trip to Austria (Europe) several months ago in Feb 2018. Not counting our recent short long weekend trip to Langkawi (Malaysia) last month in Aug 2018. We have missed our long getaways to faraway cities and countries so it’s been really good to travel. Took an extra day off today to rest and recharge before heading back to work tomorrow. Asset Portfolio Had some time to look at how our asset portfolio has been performing....

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Our Reaction To 1 Aug 2018 Revised UOB One Account

Despite spending less time writing posts on my blog, I still read up on the articles by other bloggers. After all, there’s a lot of useful information to be picked up from them. Recently, I read Heartland Boy’s post on An Eye-Popping 3.88% For The Revised UOB One Savings Account. I like the analysis and found it to be more practical than the notification I got from UOB about the same change. This comes at a good time for us. We have already maxed out the high interest savings accounts that we have with the remaining cash funds being...

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Investments for June 2018

Automated Investing for June 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 27 units of SPDR STI ETF (SGX: ES3) Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 96 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 88 units of Nikko AM REIT ETF (SGX: CFA) Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 28 units of Nikko AM STI ETF (SGX: G3B) Buy 89 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 175 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for June...

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Investments for May 2018

Automated Investing for May 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 27 units of SPDR STI ETF (SGX: ES3) Buy 26 units of Nikko AM STI ETF (SGX: G3B) Buy 95 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 89 units of Nikko AM REIT ETF (SGX: CFA) Buy 71 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 89 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 161 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for May...

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Investments for Apr 2018

Automated Investing for Apr 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) Buy 26 units of Nikko AM STI ETF (SGX: G3B) Buy 96 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 90 units of Nikko AM REIT ETF (SGX: CFA) Buy 71 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 88 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 162 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for Apr...

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A series of events

I know I haven’t been blogging much recently. To be honest, the number of things that have happened so far and might happen going forward is fascinating. There are many reasons why I have been rather MIA this month and I feel like running through them just out of interest. Work I have been tasked to take on a new advisory portfolio and it’s been tough managing the additional work. I must admit that I was getting used to the lighter workload previously and probably getting lazy. Nothing like a heavier workload to bring me back to reality. I...

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Investments for Mar 2018

04.08.2018byFinance Smiths // Leave a Comment Automated Investing for Mar 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 98 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 90 units of Nikko AM REIT ETF (SGX: CFA) Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 88 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 167 units of Nikko AM STI ETF...

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Bonus and the long weekend

My performance bonus got credited today and I was excited to see the cash injection into my bank account balance! It was a tough week at work as I struggled to adjust to the new advisory portfolio with my insufficient technical knowledge that I am still building up on. Though I’m happy with the opportunity to learn new stuff and expand my job scope, which came with the promotion. But it’s been a few years since I had to start from scratch in a new area and it’s taking a while. Hence, it felt good to be financially rewarded...

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My remuneration review outcome

I had my remuneration review outcome discussion with the head of my department on Fri. I could sense something was up when I went into work in the morning. The various heads of departments were quietly called into separate meetings with the head of my division for administrative matters. Soon after, it was announced that the results of our performance reviews i.e. letters would be released to us throughout the day. We were half expecting it because Fri is a good day to do this. If you have a positive outcome, you can leave earlier to go out and...

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Singapore Employment Act Proposed Changes

Remember my post one and a half years ago about my friend making a claim against his employer and how difficult it was? Basically, a PMET with monthly basic salary of more than S$4,500 is not covered under the Singapore Employment Act and I was questioning the purpose of having a salary cap. In March 2018, amendments to the Singapore Employment Act have been proposed that will finally bring about positive changes to the state of labour protection here. It’s not a secret that Singapore has one of the worst developed country labour protection laws. The labour market is weighted...

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Waiting for a viable cryptocurrency ETF

I have expressed interest before on investing in cryptocurrencies. But it requires an extensive level of time and effort to understand the underlying blockchain technologies. Being lazy resulted in me not pursuing cryptocurrencies as a form of alternative investments for my portfolio. However, I have continued to monitor the developments in this space at a high level. After all, the applications of blockchain technologies are likely to have a massive impact on the banking sector that I work in. It’s actually in our interest to understand them and how we can utilize the business aspects to our advantage. A part of me continued...

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Filing of YA2018 ITRs with IRAS

It’s time for Singapore Tax Season 2018 – filing of individual income tax returns for YA2018 i.e. assessment for income earned and expenses incurred from Jan 2017 to Dec 2017. I like how most of the information is pre-filled in our income tax returns and we only have to provide additional expenses/claims data. It’s a relatively smooth and painless process to complete and submit our YA2018 ITRs with IRAS. Since we no longer have the personal tax rebate (YA2017) and received higher salary & bonus income, both of our YA2018 tax payable amounts have gone up. This is a good problem to have since that means our...

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Feb 2018 Net Worth Update

There has been a few small dips in the equity markets and I took the opportunity to invest some of our cash. Not much, about S$1,500 of manual investments on top of our automatic investments. It’s good practice for how I will utilise our cash funds when the dips in the equity markets become bigger. I’m also realising the benefit of having a larger cash balance in that I can take my time to invest it. The important thing is I don’t feel the urgency of having to build my investment portfolio up quickly. Because we can still rely...

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Review of StashAway and Smartly Singapore so far

I reckon it’s a good time for me to do a quick review of our StashAway and Smartly Singapore robo-advisor accounts as well as the investing strategy with them so far. After all, it has been more than half a year since we started opening these accounts. We now have 1 x StashAway and 1x Smartly robo-advisor accounts each between my wife and I. Account Balances and Returns My wife’s robo-advisor accounts have higher balances since they were opened earlier and the monthly value of automatic funds transfers into her accounts is greater. Given the drop in equity markets and depreciation of US$,...

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Investments for Feb 2018

Automated Investing for Feb 2018: S$1,200 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) at S$3.42 per unit on 8 Feb 2018 Buy 28 units of Nikko AM STI ETF (SGX: G3B) at S$3.49 per unit on 8 Feb 2018 Buy 93 units of Lion Phillip S REIT ETF (SGX: CLR) at S$1.035 per unit on 8 Feb 2018 Buy 89 units of Nikko AM REIT ETF (SGX: CFA) at S$1.103 per unit on 8 Feb 2018 POSB Invest-Saver Buy 28 units of Nikko AM STI ETF (SGX: G3B) at S$3.53 per unit on 19 Feb 2018 Buy 88 units of...

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