Author: Singaporean Talks Money

Food Insecurity

Recently, I saw a video by CNA on food insecurity in Singapore. I am interested in this topic because in a way, it can affect anyone and everyone. For example, in my case, I am the only person working in my family currently as my mum recently just retired and my brother is still studying. So if anything were to happen to me (Touch Wood!), we would lose a steady income and would then need to rely on our savings for medical and all. I feel like life can change in a split second especially when you are healthy...

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Recession Coming Our Way?

Retail, F&B and almost every other business has been hit by the Covid-19 as people are less willing to leave their home and venture out. Meaning that people are spending less and the economy growth will slow down. Changi Airport has been badly hit as most people will avoid going to the airport because that is where the tourist will land first.Also, as the number of flights coming to Singapore drops, there will be a decrease in people shopping and eating in the airport. Jewel Changi Airport will be offering a 50% rebate on rents for months of Feb...

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Addiction to Youtube videos and Social Media

Recently after work, I have been spending most of my time on my phone scrolling through Instagram or watching YouTube videos. After scrolling for awhile, I start to realise that time flies and it is soon late and I am tired. This then means that my evenings are cut short by doing something that kinda waste my time. Especially scrolling through Instagram can get me hooked. It has gotten worse in recent times as I got a new iPhone 11 and so I can see things in clearer resolution and the battery lasts so much longer. Not saying that...

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Coronavirus – How it will affects my Work, Portfolio and Every Other Thing

Yesterday, the DORSCON (Disease Outbreak Response System Condition) level was raised to Orange. This means that the disease is severe and spreads easily from person to person but not widely spread and is being contained.  This means that more actions will be implemented like temperature screenings and more quarantine if required especially if you feel unwell and shows symptoms.  At Work: Since the level has turned orange, we are now all required to be ready to work remotely from home and so we need to bring our laptops home everyday.  This also means that we have 2 teams within...

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Getting into investing

My colleagues at work are always finding the best savings account to put their money in. Of course, some might say that should not be the case as you should work more to increase your income and not to worry over such minute matters like interest rates on your savings especially when you are a fresh grad. Read more on why your shouldn’t be worrying so much on bank interest but on increasing your income: The Single Mistake Everyone Makes In Their 20s Trying To Build Wealth One of my colleagues who know that I do invest my money...

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January 2020 Portfolio, Purchase and Dividends Updates

January passed in a blink of an eye, this month’s dividends were not bad and I also made a purchase besides my RSP with FSMone. One mistake I made for my RSP with FSMone is that I forgot to convert my SGD to USD so no purchase was made for Vanguard Total World Stock ETF (VT) and only 39 units of SPDR STI ETF was made.  I will remember to convert my SGD to USD before the purchase date so that it will be purchased.  Portfolio:  Overall my portfolio value has dropped over the past few days. However, I...

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The China Hustle

I just watched a documentary on Netflix called The China Hustle, it is about how small companies in China list themselves onto the stock market (NYSE) using a tactic called ‘reverse merger’. The show is about how companies with essentially nothing or small business in China was able to list onto the NYSE with documents that show them as huge companies. They do this by having to merge with companies that are listed in NYSE but are no longer in business where most of these companies are located in Nevada. I find this show very infomative and disturbing because...

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December 2019 Portfolio Review – Dividends for the year = >$500!

Last month of the year and also the month when spending will increase due to the amount of gifts that needs to be prepared and the constant devil that tells you to reward yourself after a tough year. HAHA My expenses did increase in Dec and because I will be going to Taiwan soon in Jan 2020 so air tickets and accommodations have to be paid in advance. In Dec, I did my first purchase through FSMone ETF RSP by buying 61 units of SPDR STI ETF at a price of $3.248 I switched over to FSMone as there...

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DBS Multiplier changes and what might be my next action

On the 1st day of 2020, I came across this article written by Kyith about changes to the bonus interest for DBS Multiplier. After which I received an email from DBS on the changes.    I was a little disappointed when I saw the new changes that will start on 1 Feb 2020 because the bonus interest that I get will be affected. Investments like dividends and SSBs interest which comes from CDP will no longer be categorized in the investment category but instead it will be together with salary crediting under the income category. This will affect the...

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Plans for 2020, work/portfolio/money/family/exercise

We are into 2020 and I believe that many would have set goals for 2020. For me, I don’t usually set goals cos I am lazy but this coming new year, I think I will want to set some goals to achieve them. In saying goals, this article is really just a rough outline for each category. I will go more in depth when I have the time, especially for my financial goals.  Since I will be turning 25 years old in 2020, breaking 25 means more responsibilities and also having to think about what I really want in...

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Integrated shield plan – To downgrade?

My mum has an integrated shield plan with NTUC Income and her annual premium just came this month. She had to pay in cash about $3000 plus. To be honest, this amount scares her because it will continue to increase and she see the huge deduction from her bank account and of course, being a retiree with not that much savings, it can be quite frightening. Read more: My mum resigned from her job, whats gonna happen next? We were walking back home on Sunday after dinner and she was sharing with me that she is thinking of downgrading...

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Switching from POSB Invest Saver to FSMone ETF RSP

POSB Invest Saver is a regular savings plan (RSP) where you can invest $100 (minimum) every month which is dollar cost averaging where you invest a fixed sum of money periodically over a long period of time. I also use it as part of the criteria for DBS multiplier account to achieve another category. If you have seen the dividends I received over 2019, I received dividends every month except for April so I can move my RSP over to FSMone. Read more: November 2019 Portfolio Review I chose to move my RSP over as FSMone can offer lower...

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Trying to give some financial tips isn’t as easy as I thought

Recently, I had a chat with my aunt as she was just randomly asking me about using credit cards as ez link cards and that it is so much more convenient then the past as no topping up was required. We slowly moved towards the topic of savings account, she currently just got back to work after taking about a 4 months break. I was explaining to her about a bank account that would allow her to earn more interest from her balance. She was very receptive and was willing to find out more from me as she knew...

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November 2019 Portfolio Review

For November 2019, another 59 units of NikkoAM STI ETF (SGX:G3B) was purchased at a price of $3.3606.  Portfolio: Switching over to FSMone: One major change to my regular savings plan (RSP) is that I have decided to move it over to FSMone. FSMone recently released their ETF RSP where commission rates are at only 0.08%, subject to the minimum amount for the various exchanges at S$1, HK$5 or US$1 respectively. This makes it more worth it for me to purchase the ETF through FSMone. Also, since both POSB invest saver and FSMone will hold my ETF under a...

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Cleaning up my resume + how much am I asking for my new pay

I have started my job search and I have applied to 2 jobs that are quite similar to my current job. My resume hasn’t been updated and so before I applied for any, I had to clean up my resume a little. To be honest, the layout of my resume looks kinda childish. I try to keep my resume to one page to allow easy access for the interviewer and also because I am still at an entry level so my job scope really doesn’t allow me to elaborate much. I have seen many resume and they are all...

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