Should I buy Term or Whole Life Insurance?

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Should I buy term or whole life insurance? Which is better? Which is cheaper? The debate about term insurance vs. whole life insurance policies wages on. On one side of the fence, you have financial bloggers like yours truly and folks at DIYInsurance championing term insurance; on the other end stands the industry, insurance agents, and many more numbers. Insurance isn’t the easiest topic to … [Read more...]

Understanding the Secret behind the Success of Pokemon Go

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Pokemon Go is the first major success in a new kind of mobile game, known as “augmented reality.” It has since surpassed Facebook and Twitter in the number of app downloads (within the shortest period too) and engagement per day (33 minutes for Pokemon Go users vs. 22 minutes on Facebook every day). Did the creators at Niantic / Nintendo get lucky with this one-hit wonder? What exactly led Pokemon … [Read more...]

Stocks that could benefit from Pokemon Go

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While busy catching Pokemon all over Singapore (and Taiwan, where I first started playing the game when it launched last Saturday), I've also been thinking about how I could potentially benefit from the trend as an investor. To say that Pokemon Go is a hit would probably be an understatement. Everywhere you go, it seems like everyone is playing the game on their phone. Lest you think it is only … [Read more...]

Prudential says majority of Singaporeans are under-insured – is that really true?

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A survey on Singaporeans' life insurance was recently released by Prudential, which was covered by our mainstream media, with the headline suggesting that the majority of Singaporeans are at risk of not being adequately prepared to cope with the financial of life crises. You might have seen the news article going around, but before you take the results of the survey at face value, let me first … [Read more...]

10 Ways to Fail At Stock Investing

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Just because your broker tells you investing is simple (or maybe you’ve seen those online ads promoting an easy solution in the form of their investing courses…) doesn’t mean you can take it lightly. After all, you don’t have unlimited lives to keep playing this Russian roulette. This is a guest post contributed by Call Levels and edited by Budget Babe (my words in blue). The electronic … [Read more...]

Why You Shouldn’t Be Buying That Gym / Salon / Spa / Wellness Package

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Source: California Fitness Singapore Facebook page When information about the gym being in financial troubles leaked out in April, suggesting that the gym would close in June, California Fitness Singapore claimed that it was completely untrue and that they were "ABSOLUTELY still in business". "We're one of Singapore's largest and oldest gyms, and have been operating since 1998. There's … [Read more...]

Stock Analysis: Procurri IPO (Top Concerns You Need To Know)

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It isn't every day that you hear of a Catalist-listed company in Singapore taking one of its subsidiaries to IPO on the SGX Mainboard. The opposite seems more logical, but apparently this is happening today, with Procurri announcing its IPO offer of $0.56 per share a few days ago. Never heard of them? They were formerly known as ASVIDA, so if you're looking to research a little more on their … [Read more...]

Scam Alert! DHL Scammers Are Now Impersonating OCBC, DBS, MOM & SP Services

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Here are their tactics. It could happen to any of us - the latest news is that of a 30-year-old couple falling prey to a phone scam in Singapore and losing $70,000 in savings to the scammers. My guess is that the couple are probably a highly-educated pair, considering that they've earned enough to be able to upgrade from their five-room HDB flat to an executive condominium recently. FYI: … [Read more...]

How To Cut Your Wedding Costs To Under $25,000

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It has been almost a year since I started investigating the rising costs of holding a wedding here in Singapore, and yet judging by the consistent stream of readers that article continues to draw, apparently I'm not the only one who's worried about how much it'll take to get through the whole affair. We've already started planning for ours, so here's some elements we looked at to help bring the … [Read more...]

Here Are Some Important Questions to Ask Your Insurance Agent

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  Not too long ago, the Internet was buzzing about discussions of dishonest or unethical financial advisors after lifestyle influencer Francesca Soh shared her bad experience. (Click here to read Part 1, where I distilled why the "advice" she shared after being through it herself is not entirely sound). While much has been said about black-sheep agents who mislead their clients into … [Read more...]

Tips On How To Pay Less for Budget Airline Tickets

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Ever bought tickets on a budget airline, only to realize upon checkout that the total price is much higher than you expected it to? Welcome to the real world. While we've gotten savvier at sourcing for cheaper travel deals online, the airlines have found other ways to earn our money as well. My friend Timothy wrote a good piece in Dollars and Sense today on How Budget Airlines Are Getting You … [Read more...]

Lifestyle Influencer Francesca Soh Learns The Truth About "Guaranteed Cash Back" In Her Insurance Policy

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Financial literacy and insurance is back in the spotlight again, after a 25-year-old lifestyle influencer and a 73-year-old lady shared about their unfortunate experience with their insurer. Everyone is talking about Francesca Soh's bad experience with her insurance agent and company after she publicly shared this on her Facebook Wall yesterday: As of today, her post has been shared over 600 … [Read more...]

What Can Singapore Learn From the Orlando Shootings?

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I still remember the 2007 Virginia Tech shootings like it happened yesterday (mainly because I previously did an in-depth paper on it), but what I also remember amidst the shock and terror were the stories of bravery and protection that emerged from the aftermath. Before we even got a chance to recover from the shocking shooting of singer Christina Grimmie (I was a huge fan), yesterday, the … [Read more...]

Dutech Holdings – The One That Got Away

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As an investor, some of the biggest frustrations we face are generally:       Refusing to sell when our investment thesis changes – often holding on in “hopes” that things will get better       Failing to buy when price fell to an all-time low       Buying before we did sufficient “homework” on the company – especially when it involves missing out on a crucial piece of information that … [Read more...]

How Paying 1% In Investment Fees Could Mean Giving Up To 1/3 Of Your Wealth

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Would you give up 1/3 of your future wealth just to invest in unit trusts, or a mutual fund? I'm sure most of you would agree that having a third of your portfolio value eroded in this way would quite clearly make this a bad investment tool to even begin with. Can you imagine anyone who would pay so much for such a type of investment? The funny thing is, there are plenty of people who … [Read more...]

Factors That Could Cause Your Stocks to Plummet in 2016

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My approach to investing involves finding a good business model that I like, looking at the financial position of the company in contrast to its industry peers and competitors, and of course, while also keeping an eye out on any risks that could potentially jeopardize my investment thesis. As such, while looking at macro economic trends shouldn't always be your priority focus (some investors … [Read more...]

What’s the Story Behind Technics Oil and Gas (SGX: 5CQ)?

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Apart from the missing plane on international news, here in Singapore, another drama has unfolded for retail investors. Technics Oil & Gas (SGX: 5CQ) was founded in 1990 and headquartered in Singapore. It has 350 employees and largely serves the oil and gas companies among its customers for repair and maintenance, leasing of equipment, and other various contract engineering projects. A part … [Read more...]

Buying A New Property? Here’s An Attractive Home Loan You’ve Not Heard Of

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What’s the biggest big-ticket item you’ve bought? For most of us, that will probably be our house, which we generally don’t have the ability to pay upfront anyway. Therefore, getting a good home loan is essential. I’ve recently been on the lookout for affordable home loans where my regular repayments will ideally be as low as possible. Most Singaporeans opt for a floating rate package, … [Read more...]

The Road To Financial Independence

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The road to financial independence isn't easy, but it isn't difficult either. It has been close to 1.5 years since I started writing about finance and lifestyle in Singapore as Budget Babe. In all this time, much ink has been spilled and much breath has been spent talking about the topic, and the elusive goal of how a young adult can start on the right foot towards achieving financial … [Read more...]

Understanding Home Loans in Singapore

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I was chatting with a friend today about how I'm considering investing in REITs, and he reminded me about how the rising interest rates environment are going to impact REITs negatively, since they mostly have high gearing on their properties. Then I realized, oh dear! REITs won't be the only ones affected when the Fed raises interest rates, because that affects our home loans too! How Your … [Read more...]