My Singapore variations on the Core 4 portfolios
How should we use the cash payouts from the government? The answer is it should be no different than the money we earn. However, in reality, we are susceptible to mental accounting.
This is some extra thoughts and ideas I would like to share which is related to my previous two posts Singapore high yield savings accounts Part 1 and Part 2 In this post, I will share how you could possibly combine two (or more) accounts from UOB, DBS and OCBC to achieve more synergy and… Continue reading Optimizing Bonus Interest With Multiple High Yield Savings Accounts
My supermarket timing was really bad. When the Singapore government raised the Disease Outbreak Response System Condition (DORSCON) to orange (which was the second highest level of emergency) imposing restrictions on day-to-day movement in early Feb, I just happened to run out of essentials. So I made a trip to the supermarket to buy fresh… Continue reading Has The Market Bottomed? Is It Time To Enter The Market?
In part 2, I will evaluate the bonus interest requirements and provide tips on how to meet them consistently. After that I will share my opinions on each of the three accounts - UOB One, OCBC 360 and DBS Multiplier.
Apologies as I realized the spreadsheet link for comparing interest rates was not working on my previous post. I have went back and updated all the links in my previous post. You could also use this link and create a copy to use it.
Due to recent central banks intervention in lowering the interest rates, a slew of Singapore banks have started revising the interest rates offered by their high yield savings account. Using a spreadsheet that I had created, I want to simplify the comparison process and help you choose the best account for your situation.
In this post, I will attempt to explain the three factors mainly market, size and value and provide an example ETF portfolio.
In part 3 of this series, I will explore how governments had responded and how we could respond to this crisis.
In part 2 of this series, I will explain about the fiscal policy response from governments to the COVID-19 crisis.