Author: Finance Smiths

Happy CNY 2019

Happy CNY 2019 to everyone! It’s a time of celebration and I’m looking forward to the public holidays next Tues & Wed it’s a half day for me tomorrow. It’s nice to have some time off from work. I’m just in a cruising mood now as my performance review is finishing and I will be waiting for my remuneration outcome to be released in Mar 2019. To be honest, I have been thinking about leaving my current job role at the bank. Either to try another job role at the same bank or to go elsewhere to a...

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Investing my wife’s bonus and more

My wife’s annual performance bonus was credited this month and it was just in time for the recent market dip. The fall in equity markets has been significant and this is what we have been waiting for. Which is why we should be investing the entire amount of my wife’s bonus (maybe more) into the equity markets. This is in the form of bigger manual investments in the Vanguard LSE-listed ETFs on our Stan Chart Online Equity Trading Platforms and increased automatic investments in bank/brokerage monthly investment plans & Smartly & StashAway robo-advisors. Especially in the past week and...

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What to do with negative returns of Smartly and StashAway

It’s been a long wait but the returns after fees on our SG robo-advisors (Smartly and StashAway) accounts are finally in the negative territory consistently. The net amounts are hovering around less than 5% after accounting for dividends, funds performance and currency impact. I’m saying this with a sense of relief because my Smartly and StashAway investment strategy of dollar-cost averaging every month and value-cost averaging when the markets dip now has a higher chance of working out. As a heavy net buyer of ETFs every month with salary income and no capital withdrawals, I prefer equity markets to...

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Wife’s remuneration review outcome

I did mention a few weeks ago that my wife will be receiving her remuneration review outcome for the year 2018. And that I might post something about this when it happens. Which it has and this is why I’m writing about the topic now. It has been a tough year for my wife’s bank with annual profits posting a significant 20% drop compared to the previous year. We always knew this was going to negatively impact her salary increase and performance bonus. With my wife’s expectations managed downwards, the remuneration review outcome was acceptable but still disappointing. Especially...

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Buying on market dips

I just updated our assets, liabilities and net worth figures for Oct 2018. It has been a bad month in terms of stock markets performance but we still managed to squeeze out positive percentage increases in every financial indicator category: Cash Funds Investment Portfolio Retirement Funds Total Assets Net Worth Savings Rate More importantly, I was making manual SG & Global ETFs investments and transferring cash funds into our Smartly and StashAway robo-advisor accounts throughout the month (especially in the last week). I was trying to buy in on the market dips without over-utilising our cash balances. Including our automatic...

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Back from holiday and getting ready for work

We got back yesterday from a 2-week trip to Croatia (Europe) and it was great! Haha, our last long holiday was a 1-week ski trip to Austria (Europe) several months ago in Feb 2018. Not counting our recent short long weekend trip to Langkawi (Malaysia) last month in Aug 2018. We have missed our long getaways to faraway cities and countries so it’s been really good to travel. Took an extra day off today to rest and recharge before heading back to work tomorrow. Asset Portfolio Had some time to look at how our asset portfolio has been performing....

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Our Reaction To 1 Aug 2018 Revised UOB One Account

Despite spending less time writing posts on my blog, I still read up on the articles by other bloggers. After all, there’s a lot of useful information to be picked up from them. Recently, I read Heartland Boy’s post on An Eye-Popping 3.88% For The Revised UOB One Savings Account. I like the analysis and found it to be more practical than the notification I got from UOB about the same change. This comes at a good time for us. We have already maxed out the high interest savings accounts that we have with the remaining cash funds being...

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Investments for June 2018

Automated Investing for June 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 27 units of SPDR STI ETF (SGX: ES3) Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 96 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 88 units of Nikko AM REIT ETF (SGX: CFA) Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 28 units of Nikko AM STI ETF (SGX: G3B) Buy 89 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 175 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for June...

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Investments for May 2018

Automated Investing for May 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 27 units of SPDR STI ETF (SGX: ES3) Buy 26 units of Nikko AM STI ETF (SGX: G3B) Buy 95 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 89 units of Nikko AM REIT ETF (SGX: CFA) Buy 71 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 89 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 161 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for May...

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Investments for Apr 2018

Automated Investing for Apr 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) Buy 26 units of Nikko AM STI ETF (SGX: G3B) Buy 96 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 90 units of Nikko AM REIT ETF (SGX: CFA) Buy 71 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 88 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 162 units of Nikko AM STI ETF (SGX: G3B) Manual Investing for Apr...

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A series of events

I know I haven’t been blogging much recently. To be honest, the number of things that have happened so far and might happen going forward is fascinating. There are many reasons why I have been rather MIA this month and I feel like running through them just out of interest. Work I have been tasked to take on a new advisory portfolio and it’s been tough managing the additional work. I must admit that I was getting used to the lighter workload previously and probably getting lazy. Nothing like a heavier workload to bring me back to reality. I...

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Investments for Mar 2018

04.08.2018byFinance Smiths // Leave a Comment Automated Investing for Mar 2018: S$1,300 Maybank Kim Eng Monthly Investment Plan Buy 28 units of SPDR STI ETF (SGX: ES3) Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 98 units of Lion Phillip S REIT ETF (SGX: CLR) Buy 90 units of Nikko AM REIT ETF (SGX: CFA) Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) Buy 88 units of ABF SG Bond ETF (SGX: A35) OCBC Blue Chip Investment Plan Buy 167 units of Nikko AM STI ETF...

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Bonus and the long weekend

My performance bonus got credited today and I was excited to see the cash injection into my bank account balance! It was a tough week at work as I struggled to adjust to the new advisory portfolio with my insufficient technical knowledge that I am still building up on. Though I’m happy with the opportunity to learn new stuff and expand my job scope, which came with the promotion. But it’s been a few years since I had to start from scratch in a new area and it’s taking a while. Hence, it felt good to be financially rewarded...

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My remuneration review outcome

I had my remuneration review outcome discussion with the head of my department on Fri. I could sense something was up when I went into work in the morning. The various heads of departments were quietly called into separate meetings with the head of my division for administrative matters. Soon after, it was announced that the results of our performance reviews i.e. letters would be released to us throughout the day. We were half expecting it because Fri is a good day to do this. If you have a positive outcome, you can leave earlier to go out and...

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Singapore Employment Act Proposed Changes

Remember my post one and a half years ago about my friend making a claim against his employer and how difficult it was? Basically, a PMET with monthly basic salary of more than S$4,500 is not covered under the Singapore Employment Act and I was questioning the purpose of having a salary cap. In March 2018, amendments to the Singapore Employment Act have been proposed that will finally bring about positive changes to the state of labour protection here. It’s not a secret that Singapore has one of the worst developed country labour protection laws. The labour market is weighted...

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