Author: Sonicericsg

(Post 82/week 66)Learning investing/trading together part 15: Practical Guide On Financial Planning (By Tan Kin Lian)

This is one of the earliest finance books that I borrow from the library, it is simple and easy to read and give a brief introduction to the different aspect of finance such as stock and insurance. Hence, I wanted to share this book with you guys. This post will only cover the key point throughout the book if you would like to read in-depth do click on the pictures throughout the post A brief synopsisContain practical point on financial planning for young people and retirees The need for saving, investment, and insurance 1.OverviewStart financial planning early A student...

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(Post 81/week 64)Learning investing/trading together part 14:How to set up POSB invest saver(regular saving plan)

Recently, lots of people have PM me asking on POSB invest saver, how to purchase etc. So, I thought it would be useful if I write a guide on how to purchase stock using POSB invest saver.  So here is a step by step guide on how to purchase a stock on POSB invest saver(Do comment below if you need any help though) Step 1)Log into the DBS I banking websiteStep 2)Click on invest tab and click on more investment service(Black circle) Step 3) You will reach this page Step 4) Scroll down and select Set up or update unit trust...

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(Post 80/week 62)TipforThought:5 tips on negotiation and staying in hotels!

Another entry from magazines that I pick up… This week on TipforThought, here are 5 tips on negotiation and staying in hotels that I think would be useful to know. Here are 5 tips for the art of negotiation!1. If someone offers a good deal, consider the risk to ask for more. As Harvard business school professor Micheal wheeler write’s in 2013 the art of negotiation, “When someone hands you a tasty piece of cake, with rich frosting to boot, think twice about asking sprinkler on top” 2.When negotiating for money, such as selling your car or asking for...

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(Post 79/week 61)Learning investing/trading together part 13:A35(ABF SINGAPORE BOND INDEX FUND)

Learning trading/investing together part 12: A35(ABF SINGAPORE BOND INDEX FUND/ETF) I am currently writing a guide on how to purchase POSB invest saver due to the numerous PM that I have received on Facebook. But before that, I need to explain a little bit about A35. I am sure everyone is pretty familiar with STI ETF(ES3 and G3B). You can refer to this link here if you need more information about the STI ETF.  But, what about ABF Singapore bond fund index? Without further ado, let’s get straight to it! Overview of the A35 It is the first exchange-traded (“ETF”) bond fund in Singapore,  The...

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(Post 78/week 60)TipforThought:how to mail and selling on carousell tip and tricks

This week tipforthought is about how to post a mail and some carousell tip, tricks, and hacks that I have research and used Please do visit my carousell page if you would like to purchase any cheap second-hand book My carousell:carousell.com/eric996 How to post a mail? Actually posting a mail is quite easy, you need to purchase the envelope and the stamp and off you go! Step 1.Purchase the envelope You can choose to purchase an envelope from either popular bookstore(around $3.50 for 10 pcs of A4 envelope if my memory serves me right) or any stationary shop or even...

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(Post 77/week 59)Investment project update:Posb invest saver JAN 2019 summary + dividend

Posb invest saver update(JAN 2019)My POSB invest saver update for the month of Dec, read here Regular saving plan updates for ABF Singapore Bond Index Fund(A35) Breakdown of my regular saving plan(A35) this month(JAN 2018)Total amount(regular saving plan)A35:$100Price per share:$1.129300Gross sales charge:0.5%Net sales charge amount:0.5% of 100=$0.50Net amount invested: Total amount-net sales charge amount=$100-$0.50=$99.50Units issued: Net amount invested/price per share=$99.50/$1.129300=88 units Summary: As of 19 JAN, the share price of A35 was at 1.131, has drop from last month, but still quite at the middle with its maximum at 1.25(2011) and its lowest 1.00(2008). Will be watching it for any further movement, once below...

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(Post 76/week 52)Zero dollar project updates:carousell,Bitcoin Faucets,Short Link,Online survey and Adsense update

Updates for last week week of zero dollar project1.Carousell2.Bitcoin faucets3.Short link4.Online survey5.Adsense update1.CarousellMy carousell:carousell.com/eric996 Been doing some heavy marketing everywhere, gumtree, , you name it… Total earnings for carousell from last update:$1 + $0.50 + $2=$3.50 2.Bitcoin faucets Current coinpot holdingBitcoin core: 6391 SatoshiBitcoin cash: 13446 bchDogecoin: 65.77 dogeLitecoin:  0.00228080 ltcDashcoin: 0.00080555 dash 3.Short link Last update current update Total earning for short link last update:$4.3859-$3.836=$0.5498 For more information on how’s I use both short link on my blog and YouTube, read here 4.Online survey Current online survey on my list…(Bold mean that these survey websites have been verified for payout) 4.1 Toluna4.2.surveyon4.3 YouGov4.4 mobrog4.5 ipanelonline4.6 viewfruit4.7 mysurvey4.8 millleu(App on google play store) Survey...

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(Post 75/week 56)Investment project updates(Peer to peer lending):Moolahsense(My twelfth campaign)

Moolahsense(My twelfth campaign with Moolahsense) Note*the company name will not be revealed just like the previous post as my money are still inside moolahsense, haha(this is not a sponsored post by the way) Issuer summaryDate of listing:Mar 2018Amount:S$50,000.00Tenor: 6 monthsNote type: Equal installment Quoting from the moolahsense website Equal installment:A promissory note by which an installment of the principal subscription amoung and/or interest accrued and due up to the date of payment shall be payable on such dates as set out in a repayment schedule specified in the promissory note, and on the maturity date, the principal subscription amount would have...

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(Post 74/week 52)Learning investing/trading together part 12: Boglehead investment philosophy

This post serves as a summary of the Boglehead investment philosophy, which I believe is a good and easy to understand investment strategy, that an amateur like you and me can follow Please refer to this link to learn more about boglehead investment philosophy What is a Boglehead investment philosophy? Boglehead investment philosophy simply follows a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. The basis of all of these principles is the idea that successful investing is not a complicated process, and can...

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(Post 73/week 55)Learning investing/trading together part 11:Shiny things thread summary from hardwarezone part 2

Continuing on from the last post here… Tip 10:On InsuranceBuy Term Insurance + Personal Accident Insurance. Buy Hospitalisation Insurance. Buy Mortgage Insurance, if you have any outstanding mortgage loans  Invest the rest. Do not buy Life Insurance. Do not buy ILP, Investment-Linked Products Mixing Protection ( essentially, Insurance ) & Investment in a product, e.g.. ILP, Life Insurance, Endowment Plan, is a terrible idea because these events are mutually exclusive & it should not cause liquidation. Cheapest Term Insurance in SG: Aviva SAF(The only good thing that NS has provided) This is the first insurance you should get if...

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(Post 72/week 48)TipforThought:10 financial tip,tricks and hacks

Saw some saving tip in an article in the magazine and would like to share here Here are some tips that will helps you manage your budget and add to savings.. 1.Create your monthly budget You are most likely going to spend more then necessary if you do have a pre-planned monthly budget.Keep a clear record of your earning and spending habits, and plan budget accordingly.In my case,i do not have a pre planned budget but i have a fixed amount of cash in my wallet that i put at the start of the week allowing me to keep...

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(Post 71/week 49)Investment project updates(Peer to peer lending):Moolahsense(My eleventh campaign)

Moolahsense(My tenth campaign with Moolahsense) Note*the company name will not be revealed just like the previous post as my money are still inside moolahsense, haha(this is not a sponsored post by the way) Issuer summary Date of listing:Mar 2018 Amount:S$100,000.00 Tenor: 12 months Note type: Callable Quoting from the SGYoungInvestment Callable: In a Callable note, an issuer has an option to early redeem the note on a quarterly basis. If the note is not early redeemed, the issuer pays a quarterly interest. The principal will be fully repaid on the quarter that the redemption is early called or at the...

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(Post 70/week 53)Zero dollar project updates:carousell,Bitcoin Faucets,Short Link,Online survey and Adsense update

Updates for last week week of zero dollar project1.Carousell2.Bitcoin faucets3.Short link4.Online survey5.Adsense update1.CarousellMy carousell:carousell.com/eric996 Been doing some heavy marketing everywhere, gumtree, , you name it… Will be writing a post about some of my tip for carousell soon… Total earnings for carousell from last update:$6 + $1=$7 2.Bitcoin faucets Current coinpot holding Bitcoin core: 6217 SatoshiBitcoin cash: 12188 bchDogecoin: 64.18 dogeLitecoin:  0.00218175 ltcDashcoin: 0.00072989 dash 3.Short link Last x week Currently Total earning for short link last update:$3.8361-$2.9437=$0.89 For more information on how’s I use both short link on my blog and YouTube, read here 4.Online survey Current online survey on my list…(Bold mean that these survey websites have been...

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(Post 69/week 52)Investment project update part 2:Posb invest saver DEC 2018 summary

Posb invest saver update(Dec 2018)My POSB invest saver update for the month of May, read hereMy POSB invest saver update for the month of June, read hereMy POSB invest saver update for the month of July, read hereMy POSB invest saver update for the month of Aug, read hereMy POSB invest saver update for the month of Sept, read hereMy POSB invest saver update for the month of Oct, read hereMy POSB invest saver update for the month of Nov, read here Regular saving plan updates for ABF Singapore Bond Index Fund(A35) Breakdown of my regular saving plan(A35) this month(Dec 2018)Total amount(regular saving plan)A35:$100Price per share:$1.149300Gross sales charge:0.5%Net...

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(Post 68/week 49)Learning investing/trading together part 10:Shiny things thread summary from hardwarezone

I know I have written about the summary just last week, but just this week I found a good summary of the shiny thread compilation and I think the summary does a very good job in keeping investment simple, hence I am adding this post so that I can refer to it easily and here I am promoting it, do give it a read from the original thread in hardware zone here(Shiny things have also written a book btw, I hope I can publish a book someday too, haha) Tip 1: Long-Only Investing for Retail Investors Invest in Stock & Bond...

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