Author: betterspider

DBS digiPortfolio Review

Long story short: DBS digiPortfolio is an early but promising effort to offer retail investors a managed portfolio solution made up of entirely low-cost ETFs. Retail investors today have more choices than ever before to invest in a diversified portfolio of securities at low cost. With DBS bringing their latest offering to the market, the industry is at an inflexion point where even the incumbents can bring innovative products to market. DBS digiPortfolio DBS digiPortfolio is DBS’ solution to professionally-managed investment portfolios for retail investors through automation, scale and low cost index funds. It brings several great benefits such as...

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TransferWise Platinum Debit Card Review: the cheapest way to convert and spend money overseas

Long story short: if you travel overseas – you will find the new TransferWise Platinum Debit MasterCard useful. It allows you to exchange foreign currencies at the real exchange rate – the one you see on Google – saving you hundreds of dollars in fees every year. The following content contains a non-sponsored review, but may contain affiliate links. For my disclosure policies, please read them here.  One of the biggest hassles and annoyances in overseas travelling is currency exchange For a very long time, Singaporeans have been paying an exorbitant amount of fees to middlemen in the value...

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The Payments Services Act – a balance between innovation and regulation

Earlier this year, the Singapore parliament passed the 209-page Payments Services Bill to provide a flexible framework for regulation under the Payment Services Act (PSA) – to be enacted by the end of the year. In this article, we explore a little bit more in detail about what it means. The current regulatory oversight of payments services in Singapore is regulated under two frameworks – The Payment Systems (Oversight) Act (PS(O)A), enacted in 2006, which regulates payments systems and stored value facilities (SVF), and the Money-changing and Remittance Businesses Act (MCRBA), enacted in 1979, which regulates money changers and remittance businesses. The need for a...

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Productivity 101: Unclutter your email inbox

It seems that my first post of the new productivity 101 series was rather well received by you guys! Therefore I’ve decided to continue writing and sharing about some of my productivity tips. In the second part of this series, I’d like to share tips on uncluttering your email inbox. Emails are one of the most important communication tools that people around the world use to communicate and stay up to date with the latest news information, but retaining control over email inboxes might prove be a challenge. 269 billion emails were sent and received each day in 2019, and...

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Revolut Card Review: Revolut in Singapore!

Products that push the limits of innovation and help us manage our personal finance easier and better always excite me. Revolut is finally coming in Singapore with its beta launch in recent weeks. Without further ado, let’s talk about the latest kid in town. Preface Over the past two years, I’ve explored and had the opportunity to play around with several fintech products like TransferWise, SoCash and StashAway among many others – and they are always a pleasure to use. Some of them are impressive, while others were more pre-mature and more of a testing ground to see where...

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How to automate your finances: 3 easy steps

Automating your finances means putting in place an effective system that manages your finances for you automatically, everyday without you having to stress about it. By effective, I mean one that helps you save effectively, be prepared for emergencies, and invest for the long term to grow your money faster than inflation. In this article, I’d like to share 3 tips (not trying to be clickbaity but 3 is the right balance between conciseness and coverage) that has helped me put aside a sum of money for investing and savings. Autopilot is one of the greatest inventions in modern...

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Productivity 101: 5 tips on mastering Google Calendar

In a deviation from the standard personal finance content, I’d be starting a new series of productivity tips and hacks using digital tools called Productivity 101. The first post for this series will be dedicated to mastering the world’s best digital planner – Google Calendar. The Google Calendar app is actually a tremendously useful application for productivity and organising your life. Unlike a physical planner, a digital calendar is always with you whenever you go (as long as you bring your mobile phone around!). Let’s get right into five of my favourite Google calendar tips – Tip #1: Categorise and...

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Stanchart JumpStart Account – 2% p.a. with no frills

Long story short: Stanchart’s latest JumpStart account is a super simple, no-fuss 2% high interest savings account with no minimum deposit, no fall below fees, no salary credit, investments or insurance needed, and no monthly minimum spend on your credit cards. When I was in university 3-4 years back, or maybe even before that during NS, high savings accounts were not as common as today. Back then, when treasury yields and banks interest rates were low, we didn’t have much of a choice when it comes to simple savings accounts. Most of us would have settled for the default...

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StocksCafe Review

Portfolio tracking has lots of merits – as I wrote when reviewing Sharesight – it allows us to have a real-time understanding of our portfolio performance, track dividend and corporate actions, and much more. Such insights can give us a powerful understanding about our investment strategy and refine them if necessary. My philosophy has always been that you can only manage what you measure – which is why tracking these kind of stuff is very important, although sometimes it can be quite cumbersome and mundane to manually track with legacy spreadsheets. We all have better things to do in...

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DBS’ refreshed digiBank app – nostalgic with a fresh look

DBS recently refreshed its iBanking app on iOS and Android – finally bringing it up to par with the sleek interfaces of OCBC’s and UOB’s refreshed apps which were updated earlier this year. As the mobile channel become increasingly important for banks to win and deliver superior customer experiences, we are seeing progressive improvements in terms of user experience over the years when banking on mobile. As a millennial who grew up in a digital-first environment, I feel that a few key criteria for success in a mobile banking app are – Frictionless authentication and login Conveniently placed features...

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Interactive Brokers Portfolio Analyst

There are many features in a product that often go unnoticed or swept under the carpet because people don’t really know what they do, or how to use them. Portfolio Analyst on Interactive Brokers (IB) is one of them and I’d like to introduce to you guys one of my favourite, and probably most useful, feature of the platform. Portfolio Analyst – the ultimate analysis tool for your IB portfolio The Portfolio Analyst tool on IB is a performance reporting, portfolio analytics and benchmarking tool all in one. Big words. What do they mean? Let’s break it down one at...

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FX conversion with Interactive Brokers

Converting currencies, especially from SGD to USD to purchase overseas securities on Interactive Brokers can be confusing many new users to the platform. In this article, we will show you how easy it is to convert between any two currencies. Converting currencies with Interactive Brokers Every account on IB has a base currency. This base currency determines the currency of translation your statements, and also the commissions, research and trading fees are charged in your base currency. When buying securities or stocks from another overseas exchange like the NASDAQ, NYSE, LSE, TSE, the securities are listed in another currency...

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Sharesight Review – portfolio and dividend tracking

For more seasoned investors, we like the idea of tracking our stocks, bonds or other assets and managing our investment portfolio. This can come in the form of profit and loss tracking, dividend income tracking/forecast, as well as comparing our portfolio against an index or other benchmarks. With portfolio tracking spreadsheets and platforms, we can have a realtime understanding of our portfolio performance, track dividend and corporate actions, and more. Such insights can give us a powerful understanding about our investment strategy and refine them if necessary. The following content contains a non-sponsored review, but may contain affiliate links....

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Sharesight Review – portfolio and dividend tracking

For more seasoned investors, we like the idea of tracking our stocks, bonds or other assets and managing our investment portfolio. This can come in the form of profit and loss tracking, dividend income tracking/forecast, as well as comparing our portfolio against an index or other benchmarks. With portfolio tracking spreadsheets and platforms, we can have a realtime understanding of our portfolio performance, track dividend and corporate actions, and more. Such insights can give us a powerful understanding about our investment strategy and refine them if necessary. The following content contains a non-sponsored review of ShareSight. Portfolio tracking and...

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StashAway updates: new asset classes and re-optimization

StashAway announced some interesting new changes on the platform earlier today. The changes include an increased number of asset types, the number of geographies available for investment, and an ad-hoc portfolio re-optimization to cater to the change in economic conditions. Launching 13 new asset classes (bringing the total to 32) and geographies StashAway’s fund selection universe now includes 13 new asset classes, including international treasury bonds (iShares International Treasury Bond ETF), Global ex-US REITs (Vanguard Global ex-U.S. Real Estate ETF), international inflation-linked government bonds and some industry sector-specific ETFs like healthcare, energy and finance. The geographies that StashAway considers...

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