Articles
General Articles
Technical Note: Understanding The Upcoming MAS Monetary Policy Statement On The Singapore Dollar
The Singapore financial market is keenly awaiting Monday’s Monetary Policy Statement (MPS) by the MAS. This statement will include guidance on where the value of SGD will be for about six months. Note that this scheduled release is advanced, possibly by a few weeks as...
How The Resilience Budget Will Benefit Singaporeans
The Resilience Budget will dedicate $48 billion to help Singaporeans deal with the impact of COVID-19 with a focus on saving jobs, protecting workers and supporting households. If you had missed DPM and Finance Minister’s Heng Swee Keat’s Ministerial Statement earlier...
Investing in Turbulent Markets – The Wise Way Or The Smart Way? Some Thoughts And An Invitation
To say that the stock markets have been volatile against the evolving global COVID-19 situation is an understatement. As of that is not enough, the failure of OPEC talks over the weekend of 7-8 March and subsequent oil price drops have added fuel to fire (pun...
Let Your Financial Plan And Adviser Anchor Your Confidence Even When Markets Are Fearful
The COVID-19 situation has riled people and businesses, and it seems that yesterday, global stock markets finally showed its fears, with the growing spread of the virus across countries, increased deaths and large clusters in Europe, and fears in the US. The US...
2019 Household Income Report: What To Do With Your Most Important Financial Asset
Every February, the Singapore Department of Statistics releases the Key Household Income Trends. We had that release today, 20 February 2020. A common response to this report is that of feeling rather underwhelmed but yet without surprise. All employees know that...
How Does Budget 2020 Affect Us In Our Personal Finance?
Just as Budget 2020 had short-term, midterm and long-term implications, we can also adjust our personal finances across these time periods to better prepare for our financial future. In the short term, think about how you can better manage your cash flows. With the...
MoneyOwl: A Joint Venture of a Common Heartbeat
A year ago today, 18 September 2018, the Joint Venture agreements between NTUC Enterprise and Providend that formed MoneyOwl were signed. At that time, it was a small, private event. We couldn’t even post it on our personal FaceBook pages, because we hadn’t yet gone...
Quick Notes: How to make CPF work for you and your retirement
At the 2019 National Day Rally, PM Lee Hsien Loong made announcements for gradual increases in retirement age, re-employment age and CPF contribution rates for older workers. Here are some notes on making your CPF work for you. HOW MUCH DOES CPF LIFE PAY? If you...
On MoneyOwl’s Fees and Comparisons
There has been quite a bit of interest in the fees for investing via MoneyOwl, and also quite a bit of some confusion with many comparisons. First, let’s break down the fees for investing with MoneyOwl so that if you wish to compare, they are of apples to apples. Our...
