Author: Finance Smiths

Learning from others

I’m still here. I know it’s been more than a week since I last posted. Was busy with a few things at work and outside of work. But I got through them and got a bit of time now to write about stuff. On the financial front, nothing much seems to be happening. I’m satisfied with how the monthly bank investment plans and contributions to robo-advisor accounts have been progressing. I’m aware that equity markets are at all-time high for this year (2017) and it’s not an ideal year to start Dollar-Cost Averaging (DCA). But I rather start deploying my cash funds regularly...

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Why investing in ETFs can be a problem for you

Just to be clear. I’m still sticking to my Dollar Cost Averaging (DCA) and Value Cost Averaging (VCA) of index ETFs and robo-advisor accounts strategy. This post is my attempt at understanding how investing in ETFs can be a problem as more and more people engage in it. Specifically when people in different age groups, personal and financial circumstances invest in index ETFs. My index ETF portfolio gives me broad-based exposure to various geographical and specific segments of equity markets globally. Although I achieve diversification, I pay a price in the form of only getting market returns on the...

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My first negative cash on hand month

I was updating my Google Sheet expected net worth, income and expense numbers for Sep 2017 this morning. Was surprised to see the saving rate % as a negative figure. Which means I have run into my very first negative cash on hand month. Good news is that it’s not a negative cashflow month. That would have been disastrous. What does negative cash on hand mean? I know we can be relatively high spending at times. Hence the reason for setting up automated savings and investments functions in our portfolio. Every month, one fixed portion of our salary income...

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StashAway Referral Programme as an incentive

I have mentioned in my previous posts about setting up StashAway and Smartly Singapore robo-advisor accounts for my wife. But I didn’t set any up for myself. My plan was to be a spectator and just monitor how those accounts performed. It was tempting to set one up for myself just so that I don’t feel left out by our venture into FinTech personal investment management. Then my wife received an email about the StashAway Referral Programme. It makes sense for these relatively new robo-advisors to offer referral incentives to encourage more customers to sign up and open accounts...

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New Net Worth Update Aug 2017

I’m aware that I haven’t written anything in a while. As it turns out, it was a busy week at work and let’s just say I’m glad it’s a long weekend. You would also have noticed I removed quite a bit of personal financial information from the blog pages. After my wife raised some concerns with me about revealing too much personal and financial information on the online public space, we agreed to pull back on the amount and extent of numbers shown. Yes, I know it’s still possible to work backwards using my previous posts to figure out...

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Investments for August 2017

Automated Investing for August 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 28 units of SPDR STI ETF (SGX:ES3) at S$3.34 per unit on 8 August 2017 Buy 89 units of Nikko AM REIT ETF (SGX:CFA) at S$1.091 per unit on 8 August 2017 Transaction costs of S$2 POSB Invest-Saver Buy 29 units of Nikko AM STI ETF (SGX:G3B) at S$3.40 per unit on 16 August 2017 Buy 85 units of ABF SG Bond ETF (SGX:A35) at S$1.162 per unit on 16 August 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 439 units of Nikko AM...

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Is it worth my time managing multiple bank accounts and credit cards?

I had an interesting conversation with a friend recently over a lunch gathering during the weekend. It was about all the effort required to manage the multiple high interest bank accounts and associated cash rebate credit cards. Whether it was worth the time monitoring the bank account balances and credit card spending to ensure we maximise the interest earned and cash rebates received. She gave a good argument on how you should be spending that time and effort more efficiently e.g. trading to earn higher investment income, deriving side hustle income, etc. A case of not seeing the forest for the...

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High income and high spending

I took some time off the blog for about a week. Was posting consecutively for a few days and ran out of topics I was interested to write about. We took last Friday off work to take a break and had a busy schedule of meeting up with friends for lunches and dinners over the long weekend. By the time Sunday came around, we were tired from all the meetups. We became even more exhausted after forcing ourselves to hit the gym for our weekly exercise session and cooking dinner afterwards. We don’t often have such a packed weekend...

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Should I invest in Cryptocurrency?

I have been reading GMGH’s recent posts about Cryptocurrency. The latest one being Don’t Crybaby To Me About Bitcoins & Cryptos. His posts piqued my interest in Cryptocurrency, which is a financial topic that I have no knowledge of. Not even a cursory understanding of it. I know it is a digital currency that used encryption/cryptography to generate money and verify transactions. Examples of Cryptocurrency are Bitcoin, Ethereum and Litecoin. There’s a Cryptocurrency Wallet that is a secure digital wallet used to store, send and receive digital currency. This technological development is expected to revolutionise and change the world. GMGH...

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Reviewing our Central Provident Fund (CPF) strategy

It’s a rainy Saturday morning and afternoon here in the East side of Singapore. My wife and I just had lunch. Will walk around for a bit before heading home to rest and get ready for the wedding dinner tonight. Always nice to catch up with relatives we haven’t seen for a while. Before that, I thought it would be good to write about a topic I haven’t touched on in a while. To be fair, I have mentioned our Central Provident Fund (CPF) balances as retirement funds in passing in some of my recent posts. But it’s time...

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Wife registers for DBS BYOB Promotion and SAYE Account

Just when I had a go at criticizing the DBS Be Your Own Boss (BYOB) Promotion and Save As You Earn (SAYE) Account, my wife expresses interest in it. I can see the reason behind this. From this month onwards, my wife’s salary will be credited into a DBS savings account held in her name. She wanted to know if it’s possible for us to utilize that to our advantage. After all, salary crediting usually allows for higher interest to be earned, as you can see from the OCBC 360 and UOB One bank accounts. I’m pleased she has thought about this. Well...

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When everyone is cashed up and waiting

Happy National Day to Singapore! It’s a public holiday here today (Wed) and I didn’t do much at all. Cooked breakfast and lunch at home with my wife before heading over to my parents-in-law’s place for dinner. Nice and quiet mid-week break from work. Anyway, I have a full day of training tomorrow so I won’t be going into the office until Fri. It will be the weekend before you know it and I will have a wedding dinner to attend on Sat night! I have been watching quite a bit of TV (Netflix and the National Day celebrations)...

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Enbloc fever catches up to my family

You will have noticed a new addition to my Resources blogpage – Florence Regency. This is where my family is staying at and it seems like the Enbloc fever has finally caught up to them. The former HUDC estate at Hougang Ave 2 was privatized in 2014 and it was a matter of time before the Enbloc process started. After all, it’s an old estate and owners are keen to monetise their now privatised double-storey mansionette flats. They are big and spacious, which are rare in the new age of small flats and apartments. I would have preferred for my family to continue staying...

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Portfolio rebalancing can be tough

It’s Saturday and I’m glad the weekend’s here. Looking forward to the public holiday next Wed as well. I have lunch and dinner birthday celebrations planned for my mother and mother-in-law. Such a coincidence their birthdays are only one week apart. It will be nice catching up with our families since my wife had a bad week at work. I have been monitoring the funds transfers into my wife’s StashAway and Smartly Singapore robo-advisor accounts. The standing instructions are working well and the funds are invested a few days after being deposited in the accounts. Just a note on this...

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Net worth and passive income for July 2017

The fact that I can write this at work goes to show the extent of the lull I’m going through this week. It’s nice to have the break because things are going to pick up next week again. Going with the flow and riding the highs & lows of work is essential to your career. Knowing when to rest and get ready for the pick-up helps to increase your longevity and reduce the likelihood of burnout. Anyway, it’s time for a post about the numbers for July 2017. Been writing a few introspective posts lately and I’m done with...

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