[03 November 2022] I like how Syfe and Microsoft let us perform the voting as a shareholder seamlessly. Everything can be done on the mobile phone, unlike how local stocks voting are being done. To me, I think Microsoft is a great stock to hold and accumulate as the whole world are using their products and skillset. As of current, i am still holding Tesla, Microsoft and Apple stocks.
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[28 October 2022] OMG, CIMB Singapore did it again. It is one of the highest Fixed Deposit Rate as of today and also date of this posting. I had been cancelling my Fixed Deposit time to time again and do another placement whenever the interest rate is significantly high. As the Call Center will be opening at 9am, I think influx of calls will be coming soon. (including me :P)
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[14 October 2022] With the current tightening, when you see your currency exchange, yeah your currency exchange isn't faulty. It is due to MAS tightening monetary policy for the fifth time in the year to beat inflation. With this in mind, our SGD had grew even stronger now. 💪 But don't be happy just yet, please exercise cautious in whatever you do, keep your money and not spend it on unnecessary things.
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[05 October 2022] Damn was looking to enter twitter yesterday, but waited to go down a little, but missed the boat again ! Once Elon Musk made his move to want to buy over twitter, the twitter share price rose up immediately ignoring all market's sentiment. Of course, I also hope that Elon Musk will take over twitter and make it a less toxic place for social media. The current facebook, instagram and other social media platforms community were so toxic that I quit and recreate just for checking news.
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[05 August 2022] The current SP Group's Electricity Tariff is priced at 32.28 cents/kWh (w GST) as updated on 01 July 2022. Take for one example from Keppel Electric, they currently offering at Fixed Rate 32.20¢/kWh (w/GST). Not much difference. For my current rate, you can view my old post as I had posted the hike in January 2022 previously and since renewed for 2 years at the start of the year with 25.80 cents/kWh (w GST). For those who have yet to sign up from any electricity retailer, although it is a little too late, but it is still 0.08 cents cheaper than SP group. Don't hesitate anymore. You can also check out my referral link: AmateurCraft Keppel Electric to start pinning down the savings. All i can say that Electricity will continue to have an uptrend and consumers will end up paying more. Don't think so much and sign up now. I had been using Keppel Electric for many years now and so far it is reasonable. The worst had yet to come, so embrace for 2023.
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[02 August 2022] In fact, the gist of the situation was Singaporeans are spending more on the same amount of items with incomes not increasing much. With the current inflation ongoing, a little bit of increment in salary is still amounting to a paycut in the current times. The one who suffers most is the lower income group struggling to make the ends meet. Time to rack up your investment even if you had not started yet to beat against the inflation. As inflation is affecting the world, investment is the way to go as MAS had strengthen the Sing-dollars to keep imported inflation at bay. Don't stop investing ! 😟
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[12 July 2022] Just to take note for those Singaporeans working in Singapore. CPF is good and see how much the employer are paying you additional contribution to your funds typically for housing, medical and retirement. Keep working hard and one day you will attain enlightenment 😇
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[28 June 2022] Needless to say, for the more conservative investor or even putting your cash to grow a little hair before withdrawal for your usage, Syfe Cash+ is one of the platform where you can pump your short-term unused cash to grow more money than placing inside your bank account for months. However, for those who wants to go long-term, this is also a safe heaven to place your cash. In any time of emergency, you can certainly withdraw easily. So as what you can see, Syfe Cash+ interest rate had just raised from 1.2% to 1.5% p.a. Do remember to input my referral code: SRPRYJSYP to enjoy your first $30,000 managed free for 3 months.
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[06 June 2022] Do consider to open Syfe Cash+, if you want your cash to be liquidity and at the same time earning interest fast as compared to fixed deposit. This is also one of the platform which i used for trading in the US Stock Market. But if you want to use it as a cash deposit and withdrawal tool, it is very simple and useful. Other similar platforms were StashAway and Singlife. Interest rate had been fluctuated in the past few years and I started to see these platform are slowly adjusting the interest rate from 1% to 1.1% and 1.2%. Best is to adopt Regular Savings Plan to grow and beat inflation "abit" before deciding what to do with your lump sum of money to get a bigger money-driving asset.
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[03 June 2022] Had been busy with work lately, but I am still observing closely on the stock markets and cyptocurrency market. Ever since, all my holdings had dropped due to stock market and cyptocurrency crashing. But I am still able to sleep peacefully as they were still valued stocks. As for CryptoCurrency, I am still accumulating in terms of mining, hence it does not affect me at all. It is currently a good time to shop for more US stocks at great value and carry on doing active income and hobbies =D
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[25 March 2022] These are good paper gains for my Microsoft, Apple and Tesla stocks today morning. Sweet. Could had bought more units when it is low last week. My buy average of Apple was at $167.34, Microsoft at $295.53 and Tesla at $861.82. Tesla still had the best growth margin :)
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[24 March 2022] It is a sad day in the financial space. A very real and true Financial expert who always give us true advice on how to invest well. Let's hope that he will be back soon and hope that the social media will be cleanse of a Toxic-Free space. Clearing Toxic comments in social media has always been one of my long-term project that I am working on.
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[19 March 2022] I had started my journey as an NFT trader at Opensea. Diversity is the key. Currently I am officially pumping funds toward multiple sources namely:
CyptoCurrency - CoinHako, Opensea, MetaMask, PI Mining
SGX Stocks - Ascendas Real Estate Investment Trust, Capitaland Integrated Commerical Trust, ESR-REIT, Frasers Centrepoint Trust, Mapletree Commercial Trust, Singtel, Starhub
US Stocks - Apple Inc, Microsoft Corp, Tesla Inc
Unit Trust - AIA Acorns of Asia, AIA Greater China Equity, AIA India Equity, PruLink Emerging Markets Fund, PruLink Global Bond Fund, PruLink Global Managed Fund, PruLink Singapore Growth Fund
Untouched Recurring Savings - Stashaway, Physical Gold Bars
Ultimately, I am always cash poor every month because invest first before spending :)
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[15 March 2022] Warning signal to put your investments on hold. Go long term and do not leverage !
[13 March 2022] Inflation of neccessity is growing and these are the things that will affect everybody. So how? Keep investing lah ! Even the experts are also saying this time to time again !
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[12 March 2022] With government and chicken genius' advice, finance will be a serious blow to everyone. Better safeguard cash and commodities. I do things in an extreme way. Its time for everyone to do the same too.
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[24 Feb 2022] Huat ahh !! Putin had declared War. This is the time where the rich fears. When people panic, its the time, the poor will gain. Same logic, when people are dumping stocks, what should you do? :)
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[19 Feb 2022] With these plans in place and the reality of 9% GST is in place on 01 January 2024. If you can continue to procrastinate further. I only have one emoji for you [🙈] I myself had been procrastinated for the past 26 years at this point of writing. It actually started since I was in primary school, staring at the wall is my interest. But of course early 2021 is my wake up call and I personally changed my entire character. Sticking back to the topic, 9% GST is seriously going to drive many prices up. But of course I am not against the hike of GST, if the money is put to good use to improve the country and our fellow Singaporeans, I am ok.So let me formulate a simple analogy in terms of dollars and cents:
In 2020, i build up a full Desktop System at almost $4,000. With 7% GST still in place, I technically paid about $280 for GST. So if I am going to build the same full Desktop System at $4,000 in 2024, it is going to be $360 for GST. Obviously this example is not realistic as the same Desktop System will probably increase in price to minimally $4080 and above.
However, this is just a small example of what one purchase is like. There are tons of transactions for our necessity like groceries, mobile bills, broadband bills, maintenance, etc. All these are going to bring cost higher than what we spent in 2022. Salary to be frank is barely increasing as rapidly as the expenses. Hence this is surely a wake up call for those to keep building up multiple streams of income. Don't be lazy already.
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[17 Feb 2022] Used to follow the well-known Dividend Warrior from HWZ that build up his portfolio in the mid 2000s. Just to pump in funds to SGX dividend stocks, however after doing for quite some time, the ROI is not very attractive.
Fast forward to 2022 almost two decades later, time has changed and one cannot simply rely on a single income to build wealth. After reading and watching youtube for the past decade on finanical news, I had built from 2 different sources of income stream to current 5 income streams. The current trend is to build multiple source of income other than trading time for money. I am currently still working towards building another two more sources of income namely Blogger Ads and Youtube. Just like everyone else, we need to spend effort in getting rewarded. Just like what Sean Seah said, when you post in social media and content, what did you get? You get nothing. Hence I personally deleted my own personal social media account and started AmateurCraft in 3rd Quarter of 2021. It takes time and effort to build up and also add value to your life. Recently, i also started trading US stocks using Singapore first NeoBroker from Syfe Trade launched last month. I am going long-term on this, but I am seeing positive results so far. Definitely recommended for those who wants to start trading US stocks exchange with minimum fees. For those who want to start, you can register an account with Syfe with my referral code: SRPRYJSYP. It is never too late to start trading. Most importantly is to trade safe and read up more to understand the market. With this, I will kickstart this entire trading journey with all to share more if time permits 😉
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Disclaimer: The information published on this website does not constitute investment advice and does not have any regards to the any investment objectives. Please do your own financial research before buying any financial product.
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