Category: Finance Smiths

The problem with Ponzi Schemes

I recently read about the Singapore Police probing a company run by Western Australia Pilbara businesswoman Veronica Macpherson. The property investment scheme was heavily promoted in Singapore and Malaysia from 2014 until its collapse in early 2016. It was marketed as a way for overseas investors to get in on the strong Pilbara economy and […]

Why do we invest with robo-advisors

The one-time transfer of S$100 into my wife’s StashAway Singapore robo-advisor account has been converted to US$ and invested in the various NYSE (US)-listed ETFs. It took a few days for this to happen and I’m wondering whether it gets quicker as we start the regular funds transfers into the account. What I find interesting is that […]

Funds transfer into StashAway Singapore robo-advisor account

It’s been a few days since my wife set up her StashAway Singapore robo-advisor account. As I have mentioned previously, we went with a very aggressive General Investing portfolio. It has a 69% growth ETFs vs 31% protective ETFs split. These ETFs are listed on the New York Stock Exchange (NYSE), which is why any […]

Wife sets up StashAway Singapore robo-advisor account

Things have been quiet lately on my blog because there hasn’t been any major updates. I have recovered from my recent bout of illness, which took longer than I thought and was not a pleasant experience. I’m trying to make changes to our living habits by sleeping, resting, exercising more and improving our diets by eating healthier and […]

Net worth and passive income for June 2017

I was unwell this weekend. Started developing a cold and cough on Fri before it got worse on Sat. Feeling better now on Sun after sleeping in for the past 2 days. Going for a more straightforward post about our net worth and passive income for June 2017 since I am still recovering. Cash and […]

Drop in my housing loan interest rate and instalment

I just received a notification letter from my bank recently about the change in my housing loan interest rate, which is calculated in my case as 3-mth SOR + 1%. You can refer to this MoneySmart article about the difference between SIBOR and SOR. It also shows the SIBOR vs SOR historical chart, which I […]

My problem with trading courses

My wife had to go in to work on Mon, which is a public holiday in Singapore. Good thing is that she gets a day off-in-lieu for about half day of work. Bad thing is that it sucks having to work when everyone else is off. Anyway, I took the opportunity to go out for […]

Buy transactions for June 2017

Automated Investing for June 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 29 units of SPDR STI ETF (ES3 on SGX) at S$3.29 per unit on 8 June 2017 Buy 89 units of Nikko AM REIT ETF (CFA on SGX) at S$1.07 per unit on 8 June 2017 Transaction costs of S$2 POSB Invest-Saver Buy 29 units of Nikko […]

Change to POSB Invest-Saver

It’s no secret that we have a few SG ETFs Monthly Investment Plans (MIPs) via banks and their associated brokerage arms. We believe that automated investing is the way to go given our busy work and personal schedules that is only going to get more intense if we plan to have a kid next year. Which is why we […]

Condition of Anonymity and Stealth Wealth

Went out for dinner yesterday at Bar-Roque Grill on Tanjong Pagar Road with my wife’s family to celebrate birthdays and Father’s Day. Good fine and wine makes for a nice celebration. My wife and I should also be going out by ourselves for a Japanese lunch tomorrow on our day off. Always important to have […]