This is not about being miserly, or taking frugality to the extreme.
By VA Drwealth
In poker, the “blue chip” is considered the chip that has the highest value.
In stock market terms, this refers to nationally recognised, well-established, and financially sound companies. They are typically the largest listed companies in Singapore by market capitalisation, and a synonym for . In just fourteen days, from September 1, 2016 to September 14, 2016, it has brought back shares of itself on six occasions spending a total of nearly S$23.5 million on 1.5497 million shares.
For the second-quarter of 2016, DBS saw their quarterly total income growth of 8% year-on-year; turning in S$2.92 billion of total income. As of September of this year, DBS has seen a major gain in the back’s value with more than 30%.
#2 Oversea-Chinese Banking Corporation Limited
Like DBS, Oversea-Chinese Banking Corporation Limited or OCBC, is one of the top three major banks in Singapore. They offer a wide range of banking services and financial solutions:
- Consumer banking
- Business banking
- International banking
- Global treasury and investment management
They also have diverse subsidiaries involved in:
- Financial futures
- Regional stock broking, trustee, nominee and custodian services
- Property development and hotel management
For the Q3 of this year, OCBC has proven to maintain above 100% of their NPL coverage ratio.
Its pre-provision …read more
When you look at the Sun in the sky, do you know that’s the image of the Sun 8 minutes 20 seconds ago?
By Alvin Chow
You may have wondered about this question before.
How many stocks should I own to be “sufficiently diversified”?
You may have gotten advise from people (especially the finance professionals) advocating the importance of diversifying your portfolio.
Because: “Having too little stocks is risky.”
On the other hand, you may have probably also heard others stress about the importance of holding only a handful of stocks (not more than 5).
Because: “You would not have time to understand and monitor so many stocks.”
So…who is right?
I admit, this is not an easy question to answer.
In fact, I would like you to answer more questions:
- Do you want to be rich, or are you happy with accumulating wealth steadily?
- Do you have the temperament required to be rich?
Warren Buffett’s Secret
Many people believe that Warren Buffett became rich because of his phenomenal stock picking ability.
It is not exactly true.
His real secret to getting rich is by concentrating his bets. He has shared this many times throughout his life, but most people did not pick up on it.
One of the favourite analogies is got to be about the baseball player, Ted Williams.
Ted is considered the best hitter in …read more
We all love saving and having more money or growing our assets.
For not savvy and technical investors, investing in unit trusts (e.g mutual fund Singapore), and equities are deemed safer ways to grow your money. It’s a no-brainer to value every penny you invest, so make it count to the last cent.
What Exactly Is Mutual Funds or Units Trust?
The Unit Trust also termed as a mutual fund. In short invests a sum of cash, gathered different various individual or group of investors, in stocks, bonds and other securities. Their investment approach can be based on a specific investment methodology, country, asset classes or a combination of it.
This allows average investors to own a portfolio of stocks without actively monitor their portfolio as the units trust mangers would manage on their behalf. Investors who do not know much about investing but would like to invest may consider unit trusts.
Investing in a mutual fund is like purchasing a slice of a big cake. The proprietor of a mutual fund entity gets an equal share according the ratio of his investment in relation to the total value and has the power of the …read more
What is FinTech?
FinTech is short for financial technology. It is wherever technology that provides financial services. It can also be used to aid companies to manage the financial functions of their business, which includes software, and applications.
FinTech was initially considered as a back-end, platform that acts as a center that processes data. In recent years, it has become the basis for end-to-end processing of communications through cloud services.
In the growing digital age, there have also been noteworthy demographic shifts in the population. The consumers today are looking for convenience, effectiveness, and speed.
Clients want to make transactions via mobile technology services and applications. These activities include managing their financial lives.
The use of online applications or sites is now preferred by many. FinTech companies offer both consumers and businesses with more accessible tools. These tools are changing the traditional business models with ground-breaking ideas and software developments.
The rise of Singapore FinTech
The rise of FinTech has also changed how companies do business. The traditional way to …read more
In line with Singapore’s goal of becoming a Smart Nation, the country is gearing towards integrating blockchain into the daily lives of Singaporeans. Distributed ledger technology (DLT), also known as blockchain, is an electronic database that synchronises and shares among numerous sites, countries, and networks. In case you haven’t already know the Bitcoin that people are talking about is seat on the technology of blockchain.
With technology’s fast advances, blockchain is one of the most used network in developing innovative companies, systems, researches, and progresses. With Singapore’s current industry, blockchain is extending to the country’s banks, real estate, academics, and more.
As of the moment, Singapore is one of the countries where many blockchain startups launch their initial coin offering (ICO). Singapore is attractive to most startups because of the country’s tax-friendly rules, state funding and light-touch regulation especially with its reputation of having played host to countless successful ICOs.
Singapore’s marketplace is currently booming with all the companies looking to do an ICO. Keep updated and check out these five things that you shouldn’t miss in 2018.
5 Things About Blockchain In Singapore You Don’t Want To Miss in 2018
1. Digital Certificates
A well-known …read more
By Lionel Yeo
Heyyyy it’s yo boy L-dawg, the financial blogger who doesn’t really write financial blogposts. (go figure)
Today I decided to switch it up and actually write something money-related, because a bunch of y’all have been emailing me to ask abouuuuuttttt… REIT ETFs! (woot woot!)
This particular post is a little more technical than my usual ramblings, so if you don’t care very much about REIT ETFs, or if you’re already investing like a boss, don’t even worry about it. This is for the bunch of you who’re wondering if you should plonk your money into the REIT ETFs that have been popping up in Singapore this year like salted egg potato chips.
(Again, don’t take this as investment advice, don’t make decisions based on what some dude said on the internet, yadda yadda)
What The Heck Are REIT ETFs?
REIT ETFs are investments that let you invest into Real Estate Investment Trusts (REITs)
REITs pool investors’ money and invest it in a bunch of properties – like shopping malls, office buildings, warehouses, factory space, hotels, etc. The idea is that 1) Property appreciates over time, 2) Properties can be rented out for income, so therefore, LET’S TURN IT INTO AN INVESTMENT PRODUCT AND SELL IT TO …read more
Tired of boiling water everytime you want instant noodles?
Can you think of similar useless financial life hacks?