• frugal

    Alternatives after the banks’ interest rates cut (Dec 2020)

    By now, I am sure you have read through many articles talking about the recent bank interest rate cuts, whether it is from Seedly or from other bloggers or from Reddit/Hardwarezone. This article is just a brief breakdown of the recent changes that happened to the popular bank accounts as well as potential alternatives you can look for. What happened? Banks aggressively cut their interest rates again.  Standard Chartered My favourite Standard Chartered Jumpstart account cut their interest rates from 1% to 0.4%. I will still be using their debit card for the 1% rebate. However, I honestly do not see much appeal in putting my money in there considering…

  • frugal

    Investment allocation for 2021 and the content creators I love

    Right now, barring a late-year crash, my portfolio is up 15% over the past year. I would say this year has been pretty good for me, considering that I did not have any losers and at worst broke even with some stocks. But since then, I have cleaned up my portfolio, trimmed some holdings and refreshed my perspective on investing. Here is how I am going to think about it in 2021. Core-Satellite Portfolio If you have been reading my recent articles, you will know that I adopt this strategy. In 2021, I hope to increase my core portfolio allocation to at least 60% and hover around the 60% to…

  • frugal

    What I have learnt in 2020

    I think I have learnt a lot in 2020 about personal finance. I have never done as much reading in one year before and I hope to continue in the coming years. Over time, my opinion about investing and money has changed. This all happened within 2020, the pandemic year. Who knows what else will change in the following years. It will be fun for me to look back years from now and know that a young me thought about money this way. Thinking about it mathematically Firstly, I like math so I think about money in terms of mathematical operations. Your income is your addition sign (+), your expenses…

  • frugal

    2021 is coming! What to look out from me

    Hello! I have been inactive for quite a while. To be honest, I was not really busy with anything. In fact, I got less busy. I guess it’s just the holiday mood catching up with me, and I ended up binging on more Netflix than I initially planned. I guess it’s good to take a break once in a while. However, a lot has happened in the meantime. Although I have not been posting my thoughts, I did read through them and have collectively learnt a lot. So there will be more posts in December. How I started 2020 is my first year I took personal finance seriously. I never…

  • frugal

    Thoughts on how the vaccines will affect the market

    So I am writing this on 16 November, the day that Moderna announced that their vaccine has a 94.5% effectiveness rate. At this point, I’m thinking that they are just trying to outdo Pfizer’s vaccine. Although it is part and parcel of competition, these are potential vaccines that will be injected into people, I hope people will not get too amazed by the small sample size. I trust that the vaccines works Although the vaccine reports such a high effectiveness rate, there are still many skeptics. For example, the data and test subjects are not peer-reviewed. They are just bold claims from the company. But I would like to give…

  • lifestyle,  strong

    Don’t try to put too much on your plate

    This article is from the fitness standpoint, but I believe it also applies to many aspects of life. Oftentimes, as humans, we are overly ambitious. We want this and that. We think we need those too. However, we quickly realise that all of these small little things add up very quickly. Before you know it, it is so mentally taxing and you can barely accomplish anything of good quality. For example, when we wake up everyday, we are subconsciously making decisions all the time. What to wear, what to do first thing in the morning, what to eat. So I always like to say, try to fixate a few things…

  • frugal

    What to make of Capitaland Mall Trust Q3 2020 earnings (C38U)

    After my previous analysis about Capitaland Mall Trust (C38U), a lot has changed and my perspective on investing has also changed. I have learnt a lot more and have more opinions to share. On 22 October, they released their Q3 2020 report. I will base my opinions off this report as well as a shopper in the West Region who frequents Lot One and Westgate. Highlights from Q3 2020 Financial Results Generally the third quarter of 2020 was seen as the ‘golden child’ for recovery in the US, however it applies pretty closely to Singapore as well. We have officially moved away from Circuit Breaker and transitioned from Phase 1,…

  • frugal

    Should we wait for a market pullback?

    Recently, the stock market has been pretty volatile. It is not uncommon to see the market open red and close green, vice versa. Why is that so? This is because many investors are facing conflicting information and are unsure how to move ahead. There has been talks for another stimulus package Apparently, the previous deadline was on Tuesday (20 October). However, the bureaucracies and the inefficiencies of the stimulus talks by the government has led to many delays. Yet, investors are still banking their hopes on this stimulus package. The fact of the matter is people are still suffering from the pandemic, the root cause has not been solved. No…

  • lifestyle

    To all NSFs/Uni Students, take advantage of this subsidy to upskill! (CITREP+)

    I am sure you have already heard of SkillsFuture. It is a nationwide initiative to help Singaporeans upskill. However, that is not the only upskilling programme that the Singapore government has to offer. Recently, I have finished a course using another initiative, and I found it useful because it alleviates the financial cost. This article will explore CITREP+, which focuses on developing ICT skill sets in Singaporeans and PRs. My experience in Hackwagon I am currently on another course which is also covered FULLY by CITREP+ because I am a NSF. Previously, I had already attended DS101: Introduction to Python Programming by Hackwagon. I really liked the instructor and the…

  • frugal

    Singlife nerfed, now GIGANTIQ?

    About 2 months back, I introduced Elastiq by Tiq to you. At that time, I mentioned that it was probably the next best choice after Singlife, the ever so popular insurance savings plan which offered 2.5%. Unfortunately, Singlife got nerfed to 2% recently. As a user of Singlife and a firm believer of what they offer, I was honestly sad to see them get nerfed. Where else could I park my money after the first $10,000 to earn a solid return? That was when I discovered GIGANTIQ. Comparison with Singlife? Naturally, I tried to compare Singlife and GIGANTIQ, after all, they are in the same product category, which is an…