In 2008, the anonymous Satoshi Nakamoto released his famous Bitcoin whitepaper – Bitcoin: A Peer-to-Peer Electronic Cash System with the goal of allowing online payments to be sent directly from one party to another without going through a financial institution and the entire payment system will be based on cryptographic proof instead of trust. Fast…
Most of my readers, including myself are at the age where we are very focused on wealth accumulation and equipping ourselves with the various capital-growth and income-generating assets. Often, we forget to think about how to shift from wealth accumulation to wealth decumulation. This is an important change in our investment strategy when we transition…
In the past few days, we’ve seen 2 robo advisors launch their cash management solution products. Today, we have a total of 3 robo advisors (Endowus, MoneyOwl and StashAway) offering investors with cash management solutions to park their cash savings in low risk investments for higher yield that banks are offering. Here’s a complete list…
MoneyOwl has just launched a new product called WiseSaver which aims to provide investors with higher returns than retail deposits, e.g. fixed deposits, Singapore Saving Bonds with no lock-in period for absolute liquidity. By investing through WiseSaver, you are looking at a return of 0.79% p.a., which is the gross indicative yield of the underlying cash…
In recent news, there was a report about banks experiencing an increase in the number of home loan refinancing applications. This was because banks have lowered their interest rates on loans that are pegged to the Singapore Inter-Bank Offered Rate (SIBOR). SIBOR is the rate at which banks borrow from one another and because of…
I’ve been writing extensively on pursuing the Financial Independence Retire Early (FIRE) movement and working towards retiring by 50 myself. It can be really tiring as my journey remains a work-in-progress with many years to go. Sometimes, I do ask myself whether it’s worth the effort to continue on this journey. If we look at…
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