Author: Finance Smiths

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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Don’t overthink and just do it

Finally, a lull in my workplace. My team has worked hard in this project to get to this point where the pace has slowed and we have time to address outstanding lower priority items that have been outstanding for a while. We also have time to attend internal and external training sessions, which is always a nice break away from work. Things are not going as smoothly at my wife’s workplace. She is stepping up into a higher level role for a period of time as a trial and the ongoing uncertainty with the restructuring has lowered morale in...

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Time to sit back and relax

I updated the Portfolio blogpage to include print screens of my wife’s StashAway and Smartly robo-advisor account values. I even included our Vanguard UK ETF Portfolio value that is made up of: Vanguard FTSE All-World High Dividend Yield UCITS ETF (VHYD on LSE) Vanguard FTSE Emerging Markets UCITS ETF (VDEM on LSE) Vanguard FTSE Developed Europe UCITS ETF (VEUD on LSE) Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VDPX on LSE) It’s taken a while to set up this ETF investing strategy that we can apply in the long run. There’s been a level of urgency to...

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Investments for July 2017

Automated Investing for July 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 29 units of SPDR STI ETF (ES3 on SGX) at S$3.29 per unit on 10 July 2017 Buy 90 units of Nikko AM REIT ETF (CFA on SGX) at S$1.065 per unit on 10 July 2017 Transaction costs of S$2 POSB Invest-Saver Buy 30 units of Nikko AM STI ETF (G3B on SGX) at S$3.39 per unit on 18 July 2017 Buy 85 units of ABF SG Bond ETF (A35 on SGX) at S$1.168 per unit on 18 July 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 439 units of Nikko AM STI...

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Wife sets up Smartly Singapore robo-advisor account

Smartly Singapore responded to our query emails and sent us the sign-up notification email with the referral code. Good job with this and appreciate the follow-up! Previously, I mentioned that I will be setting up the Smartly robo-advisor account since my wife set up the StashAway Singapore robo-advisor account. But I changed my mind after realizing the bulk of the Monthly Investment Plans (MIPs) with the various banks is in my name. It’s essential that my wife holds more investments in her own name and we decided to let her set up the Smartly account as well. The Smartly onboarding...

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The problem with Ponzi Schemes

I recently read about the Singapore Police probing a company run by Western Australia Pilbara businesswoman Veronica Macpherson. The property investment scheme was heavily promoted in Singapore and Malaysia from 2014 until its collapse in early 2016. It was marketed as a way for overseas investors to get in on the strong Pilbara economy and its demand for housing. High annual returns of up to 18% were promised that failed to materialise. The entire investment operations is now alleged to be a Ponzi Scheme. I find that Ponzi Schemes have become increasingly complex and sophisticated. They are putting more effort into the...

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Why do we invest with robo-advisors

The one-time transfer of S$100 into my wife’s StashAway Singapore robo-advisor account has been converted to US$ and invested in the various NYSE (US)-listed ETFs. It took a few days for this to happen and I’m wondering whether it gets quicker as we start the regular funds transfers into the account. What I find interesting is that StashAway Singapore has continued to send update emails to us even though I have not signed up. This seems to be lacking on the Smartly Singapore side as my wife and I have not received any update emails from them for a while. An enquiry...

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Funds transfer into StashAway Singapore robo-advisor account

It’s been a few days since my wife set up her StashAway Singapore robo-advisor account. As I have mentioned previously, we went with a very aggressive General Investing portfolio. It has a 69% growth ETFs vs 31% protective ETFs split. These ETFs are listed on the New York Stock Exchange (NYSE), which is why any SGD funds that we transfer into the account has to be converted to USD before being used to purchase the ETFs. I like the USD currency diversification since I don’t like the fact that most of our investment holdings continue to be in SGD....

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Wife sets up StashAway Singapore robo-advisor account

Things have been quiet lately on my blog because there hasn’t been any major updates. I have recovered from my recent bout of illness, which took longer than I thought and was not a pleasant experience. I’m trying to make changes to our living habits by sleeping, resting, exercising more and improving our diets by eating healthier and home-cooked food. Let’s hope this pays off and I recover faster the next time. Anyway, it’s time for some exciting news. My wife received the sign-up notification email from StashAway Singapore that she can now set up her robo-advisor account with them. The main reason...

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