Author: Rainbow Coin

Credit card spending allocation for (usually) small-spenders

That’s me, I am the real budget barbie lol (erm ok, I do spend on big items occasionally… *sheepish smile*). This year my trusty UOB One card has increased its tier for quarterly rebate from $300 a month to $500. It is quite difficult to hit since I do not drive and I have just quit my gym membership. So now my credit card spending just revolves around groceries (fyi I don’t cook), dining, lifestyle shopping and holidays (max twice a year). I was disappointed to find out that I failed to hit the quarterly rebate before they up-ed...

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CFD – how to be a short seller

*NB: Links in the blog post would lead you to external sites. The bearish stock market has led me to revisit this post on Contract for Difference which was what I have read up about to kick-start short selling. BUT this is not a post to encourage anybody to do so, it’s more of an FYI. CFD is one of the instrument that can be used for short selling which gives you more flexibility to investment and also hedging power, read more here. Only some brokers offer CFD trading and it is traded using a margin account which increases...

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Endowment and annuity policies ‘trap’

When I step into any of the well-known local banks, one thing that never fails to irritate me would be having financial advisers (or whatever position the bank prefers to call the personnel) coming to sweet-talk me into putting my money ‘somewhere with better returns’ when all I was there for was to open an FD account. Upon further probing, the products or package that they are trying to sell me are none other than endowment or annuity policies. By definition of wikipedia – “An endowment policy is a life insurance contract designed to pay a lump sum after...

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10 Rules to closing sales

It’s been seven years of front line sales work, I start to think it’s about time for me to move on to do something else. Doing sales may prove to be challenging work, especially for a fresh grad or natural introvert which I think I was once both. Doing sales has toughened me up greatly. Along the arduous journey from which I didn’t start off from a sales background, I have come to realize the following rules on doing and closing sales these years… 1. Smile. 2. Speak your customers’ language. Communication is tough if one speaks chicken, one...

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