Author: Majulah Millennials

[小] Cheatsheet – Best Household Electricity Plan 2018

Background Amidst all the price hikes – GST & Tap Water & Public Transport and the list goes on… FINALLY! We have something to look forward to. Lower household electricity price through the launch of Open Electricity Market (OEM). Up to 50% off regulated tariff!!! YahooOoO! What is OEM? Starting April 2018, households and businesses in Jurong can choose to buy electricity from a retailer with a price plan that best meets their needs. This soft launch of the Open Electricity Market (previously referred to as Full Retail Competition) will provide consumers with more choices and flexibility in their...

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Singapore’s first offshore Wind Turbine

Sometimes lazy M.M. will read up cute news like this. Being a Nerd, M.M. will occasionally do something more than just reading it. (As a kid, he loves renewable energy) So NTU has build this horizontal axis wind turbine in our offshore land – Pulau Semakau, just south of Bukom Island. We probably won’t have the chance to see it, Shell Engineer in Bukom may have the chance to see. Anyway it is capable of generating electricity for 45units of 4rm flat. The average monthly consumption of electricity of 4rm flat is 387 kWh in 2015 (EMA). Breaking it...

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Apply BTO as a Student

Introduction BTO is a heavily subsidized flat choice for Singaporean/PR. It’s a privilege for us but the downside is the long waiting time of 2 to 4 years. 2 years for BTO in certain non-matured estate, 4 years for the rest. Being an informed millennial, no doubt we will try to get around this by applying for BTO earlier. The best time to apply is when schooling since we have to wait anyway. (M.M. does not recommend rushing into BTO without proper financing and discussion with your other half) There are two sayings that are commonly mistaken by students...

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[小] Experience with Telemarketer

So it was a Thursday when I received a call from bank while I’m having a break from work. He (telemarketer) said that there’s a great promotion for new bank customer so I decided to hear him out. He was selling Personal Accident Insurance that provides up to $150/day hospitalization and $150,000 for death and TPD. Upon explaining to him that I have an existing PA policy, he is quick in rebuttal saying that its not about how many policies that I own but its about which policy is willing to payout (Applause to his pitch). So I requested...

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[小]Rights Issue Walk-through – Cache Log Trust

Rights issue is one of many events that cause volatility and speculation movement in the market. Usually companies would give a discounted rights issue to shareholders which serves as an incentive for shareholders to purchase the new shares by exercising their rights entitlement. Since its discounted, some of us (like myself) would want to snatch up more shares hence more rights entitlement. However we should all understand the process of rights issue so as to avoid novice mistakes like purchasing the shares after ex-rights and expect to have rights entitlement. Taking example from Cache Log Trust 18 for 100...

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[小] Hidden Gem – DBS Visa Debit Card

Background If you have followed my previous post on Credit Card Philosophy, you will know that we are searching high and low for a credit card that has No Minimum Spending Required Because we don’t want to speed unnecessarily Generous Rewards Because we don’t want to lose out – Kiasu Effortless Because we have more important things to attend to than credit cards Never did we know that we are actually searching in the wrong category. The Ideal Card is not Credit Card but just a simple Debit Card by DBS. Introducing DBS Visa Debit Card 5% Cashback with...

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