A Tale of Three Workers

A Tale of Three Workers

Imagine a company which has three employees. The first employee, Stuart, is your typical go-getter, strategic and smart. He is always ahead of the curve in innovation and brings a lot of value to your company, driving growth and delivering outcomes. However, Stuart is prone to periods of emotional highs and lows, and during episodes […]

All You Need To Know About SRS

All You Need To Know About SRS

If you are planning for your retirement and haven’t heard about the Supplementary Retirement Scheme (SRS), you might be losing out! What is Supplementary Retirement Scheme (SRS)? SRS is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief and only […]

Best SRS-Approved Single Premium Plans (Updated)

Best SRS-Approved Single Premium Plans (Updated)

In our previous article, we shared a simple guide of how you can identify types of products to suit your retirement needs. In the next section, we give an overview of some Single Premium Retirement Income Plans that allow you to grow your SRS (Supplementary Retirement Scheme) savings Here are 3 SRS-approved Single Premium Retirement […]

Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times

Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times

As an NTUC Social Enterprise, MoneyOwl has inherited a legacy of doing social good and caring for the community. We care about helping ordinary Singaporeans manage their money well so that they can reach their life goals. In light of Covid-19 and the recession, our social mission is even more important now. MoneyOwl has thus […]

Principle #2 – Insurance is for Protection

Principle #2 – Insurance is for Protection

If you were asked to key in your life insurance premiums into a budget worksheet, how would you classify it – as an expense, saving or investment? If your insurance plan has a cash value, you might treat it as savings. If your insurance plan buys units in a unit trust, you might treat it […]

Insurance Principle #1: Insurance is an Expense

Insurance Principle #1: Insurance is an Expense

For most of us, buying insurance isn’t exactly a conversation starter and for some, it could conjure up negative feelings, depending on how you think about insurance. Nevertheless, it is an important topic as it sets the foundation of our financial plans and approaching insurance wrongly could set us up for future financial difficulties. Hence, […]

Investment Principle #8 Don’t Try to Predict Markets

Investment Principle #8 Don’t Try to Predict Markets

Some people think that investing is like gambling or buying lottery – to win you need to guess correctly and bet on the winning number(s). Some go the extra mile of compiling the past winning numbers so as to predict what the next set of winning numbers will be. Depending on your investment approach, this […]

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