Author: Finance Smiths

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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Net worth and passive income for June 2017

I was unwell this weekend. Started developing a cold and cough on Fri before it got worse on Sat. Feeling better now on Sun after sleeping in for the past 2 days. Going for a more straightforward post about our net worth and passive income for June 2017 since I am still recovering. Cash and Net Worth If you looked at my expense blogpage, our cash savings for June 2017 is S$5,467 and the savings rate is 29.99%. It’s our worst performing month for the year. But what isn’t going to make sense is that our net worth went...

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Drop in my housing loan interest rate and instalment

I just received a notification letter from my bank recently about the change in my housing loan interest rate, which is calculated in my case as 3-mth SOR + 1%. You can refer to this MoneySmart article about the difference between SIBOR and SOR. It also shows the SIBOR vs SOR historical chart, which I have included here for the fun of it. I follow the 3-mth SOR orange line closely simply because it directly affects my housing loan interest rate. And my monthly housing loan instalment payment happens to be my biggest expense every month. Sometimes, I compare...

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My problem with trading courses

My wife had to go in to work on Mon, which is a public holiday in Singapore. Good thing is that she gets a day off-in-lieu for about half day of work. Bad thing is that it sucks having to work when everyone else is off. Anyway, I took the opportunity to go out for lunch with my family and spend some time with them before picking up my wife and heading home. I’m not sure what triggered this post but it might have to do with the conversation I had with my mum after lunch. It had to...

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Buy transactions for June 2017

Automated Investing for June 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 8 June 2017 Buy 89 units of Nikko AM REIT ETF (CFA on SGX) at S$1.07 per unit on 8 June 2017 Transaction costs of S$2 POSB Invest-Saver Buy 29 units of Nikko AM STI ETF (G3B on SGX) at S$3.35 per unit on 16 June 2017 Buy 85 units of ABF SG Bond ETF (A35 on SGX) at S$1.16 per unit on 16 June 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 448 units of Nikko AM STI...

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Change to POSB Invest-Saver

It’s no secret that we have a few SG ETFs Monthly Investment Plans (MIPs) via banks and their associated brokerage arms. We believe that automated investing is the way to go given our busy work and personal schedules that is only going to get more intense if we plan to have a kid next year. Which is why we are sensitive to any changes to these MIPs. Whether they are initiated on our side (e.g. amending the monthly cash amounts to be invested) or on their side (e.g. changes to the cash withdrawal dates or purchase price methodology). That’s how I noticed the recent...

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Condition of Anonymity and Stealth Wealth

Went out for dinner yesterday at Bar-Roque Grill on Tanjong Pagar Road with my wife’s family to celebrate birthdays and Father’s Day. Good fine and wine makes for a nice celebration. My wife and I should also be going out by ourselves for a Japanese lunch tomorrow on our day off. Always important to have couple time no matter how busy we get. Random topic that just popped into my head. Have you heard of the concept of stealth wealth? The idea that the wealthier you become, the more hidden in society you get. I first read about it...

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Aiming for S$1 million in Total Assets

It’s my 31st birthday weekend and I’m taking next Mon off with my wife to celebrate it. Maybe a nice steak dinner since the last time we had it was during the US trip. As work is picking up pace again for both of us due to our respective project delivery timelines, it’s good to have 2 consecutive long weekends to look forward to. June is always the time to do a half-year review of how the first half of the year has gone so far. It helps to work out the points for improvement you can take forward...

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