3 months ago, I reviewed moomoo Cash Plus in a blog article. For a sector that reacts and moves in seconds, 3 months is indeed a long time. Between now and then, the Fed had surprised market observers by relentlessly hiking interest rates. As a result, we now expect higher interest rates across the different […]
How Do UOB, DBS, OCBC Fixed Deposit Rates Compare to other banks in Singapore?
I am not a fan of fixed deposits and have never been one, even if they are now offering sky-high interest rates. Nevertheless, I understand that there’s a place for them in some investors’ portfolios. If not, why would there be hour-long queues to place fixed deposits at some of the local banks? Even then, […]
Top 3 Critical Illness or a range of 53 Critical Illness- which coverage suits me better?
When I conducted a holistic review of my insurance coverage recently, I realised that there was a small gap in my critical illness (‘CI’) coverage. Specifically, the critical illness plan was a rider tagged to a term life that was purchased just before my daughter was born. Over the years, I am fortunate enough to […]
HDB BTO and HDB resale prices have increased, are they still affordable?
For the past couple of years, we have been bombarded with news of climbing HDB prices as well as the increasing number of million-dollar flats. According to an article published on Straits Times in September 2022, HDB resale prices have been climbing for 26 straight months. For aspiring first-time home owners and low-income families, there […]
Heartland Boy’s strategy to maximise his personal income tax reliefs in 2022
I usually get my tax reliefs all sorted out during the year-end period but I have decided to embark on the exercise earlier this year. The key reason is the passing of the CPF Amendment Bill 2021 which affects income tax reliefs arising from cash top up made to CPF accounts. This inevitably cause significant […]
Markets at all-time low in 2022, what have I done in the stock market?
September 2022 was a terrible month for global stock markets and proved that August was merely a bear market rally. My portfolio took a beating that was far worse than the market because it was heavily weighted towards Riverstone Holdings. Unfortunately, I think it got tarred with the same brush as Top Glove which announced […]
Citi Plus review – Apply with Citi Cash Back+ Mastercard to receive at least $690 cash reward
In September 2022, Citibank launched Citi Plus, an all-in-one digital wealth solution on the Citi Mobile App. A key product in Citi Plus is the Citi Interest Booster Account which offers up to 2.8% interest per annum (p.a.) if certain criteria are met. Such a product immediately puts it the crosshairs of the local banks’ […]
With rising interest rates, where do I deposit my emergency funds in 2022?
The current interest rate environment is very different from that of the past 2 years. To be specific, interest rates have gone up from 0% to 4% in a very short span of time. With such a meteoric shift, various financial products have also adjusted their respective payouts. Therefore, it is now a worthwhile personal finance […]
With Rising Interest Rate Is It Better To Use CPF or Cash To Pay Housing Loan
To say that interest rates has been rising at a frightening pace is stating the obvious. Recall that the United States Fed Funds Rate started the year at 0.25% and is projected to peak at 4% by year end. Such a steep and fast rise has certainly thrown a spanner to some homeowner’s mortgage repayment […]
Invest your idle funds or war chest with moomoo Cash Plus to earn 2.5% interest rate
With the exception of STI, the global equity markets haven’t been too kind in 2022. To hedge against a possible recession in the near term, I have also been selectively paring down some of my investments. As a result, the size of my idle funds has grown but this has presented other problems in itself […]
