A long discussion yesterday in my Singapore Financial Independence Telegram group caught my interest. A member (let’s call him A) was wondering whether we could have a better passive income plan than the one he worked out. By better, it means the pla...
Market summary for today S&P 500 (SPY) -0.17%NASDAQ (QQQ) -0.77%Dow (DIA) +0.00%Russell 2K (IWM) +0.29% Top news for today FTX Co-Founder Sam Bankman-Fried Says He Secretly Donated As Much Money To Republicans As To Democrats Reeling from scathin...
Banks are on an interest hiking spree – fixed deposit placed just a few months ago are yielding about 1%+ less than what we are getting now. I saw that CIMB is currently offering as high as 4.2% on its fixed deposit! This interest hiking spree is att...
Market shaped up and closed strongly without revisiting its low from a downbeat opening after a stronger than expected NFP (a good news that is likely to defer monetary policy pivot by the Fed). A classic sign of strength in the rally. More of a sitt...
Standard Chartered (SC) Online Trading is the online broker arm of Standard Chartered Bank Singapore Limited (SCBSL). I’m not sure how long SC Online Trading has been around, but SCBSL has a long history in Singapore (first Singapore branch opened in...
We’re getting close to the end of the year, which is always a time of reflection. It’s also time to pick the word of the year, which some have suggested to be “inflation”. The word that we’ve used the most in the past week is “interest rate”. Fed Cha...
Finally, the end of the year is in sight once more. Yes, the holiday season is upon us, but it also marks the beginning of the FY22 tax filing season. Income tax may be a completely strange concept to many people who have recently joined the workforc...
SRS, or the Supplementary Retirement Scheme is a voluntary scheme to encourage saving for retirement, over and above your CPF savings. Your contributions to SRS are eligible for tax relief, subject to a yearly cap. The cap is $15,300 for Singapore Ci...
Have you ever wished for the following? A big bowl of noodles served hot and fast in a restaurant on a rainy day A no-frills plane ride that gets you to your destination safe and sound A simple savings account with high interest rates and no multiple...
Period STI My Portfolio (Realised) Verdict Jan 2022 -1.20% -2.75% I win Feb 2022 -2.95% -1.35% I win Mar 2022 2.74% 2.65% I win Apr 2022 2.11% 3.29% I win May 2022 -0.60% 1.61% I win Jun 2022 -4.88% -0.35% I win Jul 2022 -1.87% 1.20% I win Aug 2022 -...