Saving & Spending
The Great iPhone Flipping Adventure of 2020 – Can We Still Earn From Reselling iPhones?
By Sethisfy  •  November 14, 2020
I probably have a little too much time to spare, which is why this is a question I can answer as other people work on solving world hunger, poverty, and childhood obesity. iPhone flipping used to be a thing. In years past, getting an iPhone on Day 1 meant $$$, as each phone could be sold for several hundreds of dollars above its retail price. At the peak of such an activity, I remember selling each iPhone for $300-400 above the retail. Moreover, profits aside, it was actually strangely fun. WhatsApp group chat (with strangers) circa 2014… Blue got really philosophical If “fun” meant the masochistic sort, that is. For a week or so, the obsession to flip the phones for the highest prices became a thing for many, and it was like experiencing a stock market in the flesh. Local traders and foreigners alike would gather outside the Singtel launch and approach people with their new phones, asking them if they were willing to sell....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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