Much has been said about the high interest rate and inflationary environment that we are living in today. This has put household budgets under great stress. To address the higher cost of living, opposition politician Jamus Lim proposed in a recent Parliament session to raise CPF interest rates temporarily. But can CPF Board really increase their interest rates according to its whim and fancy? ... continue reading...
Review of Resorts World Cruises Genting Dream Promotion Package on Klook
I have always wanted to try Genting Dream Cruises but my last attempt was unfortunately foiled by Olympia falling ill. When it subsequently filed for a winding-up application, I thought my hopes of ever sailing on it had sank to the abyss as well. After some shrewd corporate restructuring (depending on which side you are on), Dream Cruises returned under a new ownership structure and taken on the ... continue reading...
HDB loan a better option than bank loan for BTO and Resale HDB buyers in 2022
Home owners who chose bank loans over HDB loans have been enjoying a good run for the longest time (since 2009 in fact). It doesn’t matter whether they have elected floating or fixed home rate because it was still cheaper than a HDB housing loan. Those who chose a HDB loan were often ridiculed for leaving money on the table. Well, there is a saying that all good things have to come to an end and ... continue reading...
Government-backed Singapore Savings Bond Yields Interest Rate of 3.0% For August 2022
The Federal Reserve raised interest rates by 0.75% in June 2022 and the market is pricing in another 75 basis points for July’s meeting. If the estimates pan out, Fed would have raised interest rates by a total of 3.25% - 3.5% by end of 2022. Rising interest rates have a direct negative impact on our floating home mortgage payments as well as the stock market. Thankfully, it’s not all doom and ... continue reading...
My first ever complete investment write-down belongs to Terra Luna coins
It has been more than a month since the collapse of the Terra Luna ecosystem which was an episode that sent shockwaves across the crypto world. As the dust settles and emotions are collected, I think the time is right for me to write about my participation in this seminal event on my blog. In fact, Terra Luna coin suffers the ignominy of being my first ever complete investment write-down since I ... continue reading...
