I have been using robo-advisors for several years now, and overall, I have had a positive experience. They offer a simple, automated way to invest, and when the portfolios are structured correctly, they can deliver solid returns at relatively low fees. But not everyone has had the same experience. In a recent investment portfolio analysis…
With high-interest-rate environments making USD deposits increasingly attractive, Singapore-based fintech Chocolate Finance has launched a new USD interest rate product that promises up to 4.6% per annum. The offer has caught the attention of savers and investors alike, especially those looking for alternatives to fixed deposits, money market funds, and US Treasury bonds. However, as…
Recently, I facilitated a financial literacy game, and one of the participants, a fresh graduate from a local university, gave me a lot to think about when it comes to financial advice. She played the game with a good sense of financial responsibility, focusing on clearing liabilities like credit card debt. This strategy helped her…
I recently facilitated a financial literacy game with a friend, and it gave me a surprising insight into how people approach financial planning, especially as they get closer to retirement. The goal of the game was simple: achieve the highest net worth possible. We all know that net worth is calculated as assets minus liabilities,…
This question might sound unsettling, but it’s a real and growing concern. The recent story of an elderly couple in Singapore who passed away in their Jurong flat, unnoticed for weeks, is a stark reminder of the challenges of aging in isolation. In Singapore, as family sizes shrink and lifespans grow, more seniors are living…
This topic came up during a conversation in a Telegram group, and it sparked a question worth exploring: should work still have a place in retirement, even if we’re financially secure? Retirement is often seen as the time to fully step away from work. It can be a chance to relax, travel, and pursue hobbies…