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Year: 2023

Unlocking Extra Income: Side income updates

Posted on by careyourpresent

In today’s high interest rate volatile world with raising inflation/cost of living, finding ways to supplement your primary income has become increasingly important. Whether you’re looking to pay off debt, save for a dream vacation, or simply increase your financial security etc, unlocking extra income through side hustles can be a game-changer.

I still remembered chicken rice, cai png etc cost only $2 years ago, not per meal easily cost $4 and above. Everyone really need to find ways to get extra income, even a small amount will help. Side hustles are one of the things that I have been doing. I have been sharing about my side hustles for the past months. Guess now is a good time for an update.

1. Dividend/Interest Income

This is not really side hustle, but this my side income. My dividend / Interest income is about $3k per month. Continue to slowly accumulate good shares if reaches my target price.

However, sadly, as per what I have mentioned in this article earlier (Ultimate Strategy of buying REITS: XXX instead of X000?) no more free dividend for MapletreePanAsia Com Tr and Mapletree Industrial Trust but this means chance to accumulate more cheaper shares of good companies (I mean Mapletree Industrial Trust, not MapletreePanAsia Com Tr).

Cheap can get cheaper, see Manulife and Prime Reit? From billion marketcap to millions marketcap, price keep going down. DPU sure cut, even based on past yield, it can be 20%+, who would dare to buy?

2 years chart from InvestingNote
2 years chart from InvestingNote

Ultimately, dividend investing is for the long term, as long as you vested in good companies, the fluctuation of the price of its shares doesn’t matter much as long it still give decent sustainable dividends in the long run.

2. Rakuten Insight Surveys

I have shared about this interesting side hustle on 10 Feb 2023 (See post: Side Hustle Review – update on how much I have earned after 4 months – Rakuten Insight Surveys). For transparency and responsibility to my readers, let me provide some updates regarding this side hustle.

For those who heard of this for the first time, let me share a little more again.

Rakuten Insight Surveys is a survey website that pays you to complete surveys. You can earn money by completing surveys on your phone or computer, and there are plenty of them available! I started this survey side gig few months ago around Nov 2023. There are a couple of surveys every few days after you have created your profile.

With a little effort, you can start earning money simply by sharing your opinions. I’m going to share how much I have earned so far from using Rakuten Insight Surveys based on fulfillment date.

In total by the end of May I would have earned $100! Not too bad!

Dec, Jan Feb = $30
March = $15
April = $25
May = $30

3. WeBull Brokerage

I know I have been naggy and keep talking about WeBull promotion previously but usually I won’t not give up on good deals, especially for my beloved readers.

I have signed up and drawn 5 shares of Tesla which now I have $75.16 in my account using 1 cent only!

Screen captured from my app

Besides the welcome referral programme that that I shared before via previous fund 1 CENT to get free money, there are now lucky draws for new signs up under their Anniversary Promotion! There are 10 weekly winners for US$888 worth of Telsa Shares and 1 lucky winner of 1 Tesla Model 3 Car.

Only 4 Simple Steps to get free money and a very decent brokerage account

Step 1: Registration

Click here to register a new account.
You can refer to the full details via this article (Webull New Offer: Use S$0.01 to earn US$50 to US$500 and chance to win Tesla Model 3 Car)

4. Moomoo Cashplus

This is one of the brokerage that I have used to earn cash using idling cash. For more information, please read

Moomoo – One Stop Platform for US, SG, HK stocks and a great higher yield alternative to Singapore Saving Bonds using Moomoo Cash Plus!

Summary!

Overall, my main side income still from dividend and interest incomes which come up to about $3k per month with about $xxx from some side hustles from brokerages promotions and doing surveys! Not too shabby! I will continue to build more side incomes. There are so many retrenchment around, who know if you will be the next one? Always good to has income from your non-main job.

Most importantly, don’t forget this!!

Time is the ultimate currency, not money

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Time is the ultimate currency, not money

Posted on by careyourpresent

Ultimate currency of life

Although I write finance things most of the time like other finance bloggers, but I am slightly differently. Time to time, I also write some philosophical (or to some, it’s bullshit, talk too much stories with no value since I am not talking about money) article to remind myself and everyone life itself is the end goal, not money. Don’t just pursue money and forgot about life itself.

Let me write something about time and money today.

Money of Freedom

Money just buy you the chance of freedom. When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

What is time?

Time is a currency that is equally distributed to every person on earth, and yet it is one that we often take for granted. While we may strive to accumulate wealth and material possessions, time is the one resource that we cannot buy from anyone and anywhere. It is finite and fleeting, and once it’s gone, we can never get it back. This is why time is considered the ultimate currency, and why it’s important to use it wisely.

Value of time

To truly understand the value of time, we must first consider the nature of money. Money is a currency that can be exchanged for goods and services, and it’s often seen as a measure of success or achievement. We work hard to earn money, and we use it to buy the things that we need and want. However, while money can buy us material possessions, it cannot buy us time. But many don’t understand this and just pursue more and more money.

Time, on the other hand, is a resource that is not finite. We are given a certain amount of time in our lives, and we can choose how we spend it. When you are a baby, you are a time billionaire. As you grow up, you will has less and less time. One day suddenly, you will run out of time. Hence, time is an asset that we should all strive to use wisely, as it’s the one resource that we cannot replenish once it’s gone.

In pursue of money, we might have these regrets

In our relentless pursue of money, success in life, we might lots of regrets.

Since now is the Era of AI, I have asked CHATGPT to give me two things:

1. 20 Regrets of life

  1. Traveling to a dream destination
  2. Pursuing a lifelong passion or dream
  3. Telling someone how you really feel about them
  4. Spending more time with loved ones
  5. Forgiving someone who wronged you
  6. Trying a new hobby or activity
  7. Standing up for yourself or others when it mattered most
  8. Resolving a long-standing conflict with a friend or family member
  9. Apologizing for past mistakes and making amends
  10. Taking risks and stepping outside of your comfort zone
  11. Exploring different cultures and ways of life
  12. Learning a new language or skill
  13. Taking care of your physical and mental health
  14. Embracing your true identity and being true to yourself
  15. Building deeper connections with friends and acquaintances
  16. Helping those in need and making a positive impact on the world
  17. Taking a chance on love and relationships
  18. Leaving a job or situation that makes you unhappy
  19. Expressing gratitude and appreciation to those who have helped you
  20. Living life without regrets, and doing everything you can to create a fulfilling and meaningful existence.

20 Last Time with your fast growing kids

  1. The last time they fit in your lap.
  2. The last time they need help tying their shoes.
  3. The last time they call you “mommy” or “daddy”.
  4. The last time you rock them to sleep.
  5. The last time they believe in Santa Claus or the Tooth Fairy.
  6. The last time they ask for your permission to do something.
  7. The last time they bring home a crayon drawing from school.
  8. The last time you push them in a stroller.
  9. The last time they crawl into bed with you in the morning.
  10. The last time they need you to help them with their homework.
  11. The last time you watch their favorite TV show together.
  12. The last time you hold their hand while crossing the street.
  13. The last time you give them a bath.
  14. The last time you read them a bedtime story.
  15. The last time they wear a costume for Halloween.
  16. The last time they make a wish and blow out birthday candles.
  17. The last time you attend a parent-teacher conference for them.
  18. The last time you pack their school lunch.
  19. The last time you tuck them in at night.
  20. The last time you kiss them goodbye before they head off to school.

Do you have any of the above?

I am 40 years old now, if I am lucky, 50% to the end of my life assuming 80 years old. Time is fast running out.

For me on the 20 Regrets of life, I am currently guilty of 2, 4, 10, 11, 14, 18 and 20. 7 out of 20 regrets now. I will aim and hope to erase all these regrets before I am gone from Mother Earth.

For the 20 Last Time with your fast growing kids, I already missed some of time and some of it will be gone soon. Example, my elder kid don’t hug us to sleep anymore, don’t let us carry anymore, don’t need us to bathe him anymore, don’t bug us anymore for small little things, he can be alone, don’t need people to accompany…is growing up very fast. My 2nd kid still need all these, but soon will be gone. Hence, we want to treasure every moment.

We (me and my daughter) drew this on 4 May 2023 because I always bring her out to play in playground (the elder brother grew up and seldom go playground now, her mother don’t like bring them to play).

What about you? It’s not too late to think about it now. Of course the above are not the full list. Have your own list and checked them as you achieve it in your life. No matter how busy you are, stop, think what you want in life so that you won’t regret too much later. Time cannot be turned back no matter how regretful you are one day.

I don’t want to put the photo, but I just want to put the date to remind myself that parent is fast gone too.
Saw this from somewhere on facebook but can’t remember the exact source

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Ultimate Strategy of buying REITS: XXX instead of X000?

Posted on by careyourpresent

Buying of Reits

Reits is one the best favourite tools for many Singapore Investors. People like to buy reits for their stable income, even in today’s current high interest rates. What is the XXX or X000 in the title of this blog post? Many must be confused on what I am writing, is it some computer AI thing? Read on to find out more!

Nature of Reits

To many who really understand Reits, should know that REITs are highly geared instruments. Reits are highly leveraged instruments because they use debt to finance their investments/to buy real estate. They issue bonds and use the proceeds to buy properties. The interest payments on these bonds are tax-deductible and reduce the cost of borrowing for the REIT.

This means that any downturn in the economy or increase in interest rates could put pressure on these companies’ balance sheets and make it harder for them to service their debt obligations (aka paying back what they owe). This is what is happening now. In the most recent FOMC meeting, FED raise the interest by another 25 Bps.

If property values fall too much or interest rates rise too high, it could be difficult for a Reit to pay its debts back on time–and this could trigger defaulting on its bonds as well as other bad outcomes like bankruptcy filings! You can see this in some of the not so well managed reits.

Even if you look at the recent popular mapletree family Reits (Mapletree Industrial Trust, Mapletree Logistic Trust, Mapletree Commercial Trust) or even Frasers Centrepoint Trusts etc, all their gearing, interest debts went up. What does this imply?

What this means?

EFR may come for some of the REITs. EFR is equity fund raisings – rights issue, preferential offerings etc. This means investors need to fork out cash from pockets (and return dividend collected) 🙁 These prices of these EFR are usually at a discount to market price and maybe at ratio such as 5 to 100, 2 for 10 etc. For good well managed REITs with strong sponsor that issue that EFR as good price for the investors, in longer term, it will be beneficial to investors. Most of the time, we will apply for excess to take advantages of the lower price.

See more about REITs: Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Always buy REITs in XXX instead of X000?

Back to the story of XXX, and X000. I am simply referring to the number of shares. During right issues, these prices of these EFR are usually at a discount to market price and maybe at ratio such as 5 to 100, 2 for 10 etc. Hence by buying X000 or XXX number of shares, this will make the entitlement ratio in odd number should there be rights issue. From there, one can apply excess to get more cheaper shares!

Do note that I only this for REITs, for shares like Boustead, SGX (net cash company) etc that I have owned, it is very very unlikely that they would need to issue rights, hence there is no need to specially buy X000 or XXX, just buy 10000, 100000 will do for easier accounting (of course if you want to buy X000 or XXX, it’s fine too).

Recent Buy

Take for example on my recent purchase – MapletreePanAsia Com Tr. I bought just the day before xD to trade and get dividend. Bearing in mind that the drop in DPU with higher gearing would possibility result in right issues later, thus I bought XX100 shares for the reason mentioned above to get odd ratio during EFR.

To my Suprise, for the trading day on 5 May, the price is still $1.74 despite me buying this share at $1.74 on the day before. Basically free Dividend! The same thing happen to my Mapletree Industrial Trust, the price before xD is $2.35 and it is still $2.35 on the day after xD. However, this is bonus to me.

Ultimately, dividend investing is for the long term, as long as you vested in good companies, the fluctuation of the price of its shares doesn’t matter much as long it still give decent sustainable dividends in the long run. Of course, we can trade for additional income (trading around core – point 5 in this article), but this is extra bonus. So always only buy shares that you are willing to keep.

The power of dividend investing!

Some interesting relevant articles about dividend investing that you might be interested. Do read them.

Side Track a bit

Of course, there is no harm to pump in small money for fun! Look at the recent meme coins pump in Crypto! Most of these are pump and dumps and are risky! (The charts below are taken from Coinmarketcap on 6 May 2023 morning).

$PEPE – pump to 1.5 billions Market Cap from few hundred Ks Market Cap in few weeks xxxx% increase! You will never get this in traditional Finance.

$FArb

$TIPJA – up from 300k to 4million market CAP in 2 hours and now get to dumped! But who knows what will happen later?

Disclaimer: But do note to only keep amount of money that you can afford to lose if you choose to speculate into such meme coins. Please note that I use the word “speculate”, not invest! It’s fun but dont put your life savings into it. Of course for those who put life savings into it, and it really get pumped to x100, x1000, it’s really life changing amount! Do your own due diligence!

Personally, my preference for my own risk profile is slow and steady with small fun amount in speculative stuff like Meme coins in Crypto to spice up the excitement in life! Ultimately, I am not young anymore, I want to sleep well 🙂

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

  • Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
  • WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
  • MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
  • Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
  • FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
  • Hostinger: You can use this link for hosting your new website. 20% off hosting!
  • Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Moomoo – One Stop Platform for US, SG, HK stocks and a great higher yield alternative to Singapore Saving Bonds using Moomoo Cash Plus!

Posted on by careyourpresent

Are you tired of juggling multiple investment platforms that are complicated to use and charge high fees? Are you looking for an all-in-one investment platform that offers a range of investment options, competitive commission rates, and powerful trading tools? Look no further than Moomoo SG!

Moomoo SG is an innovative investment platform that is fully licensed and regulated by SEC and FINRA to provide a seamless trading experience and integrated information for both novice and experienced investors. With a range of investment options including stocks, ETFs, options, and more, Moomoo SG offers you the flexibility to create a diversified portfolio tailored to your individual investment goals.

Do note that this article is written in collaboration with Moomoo Financial Singapore Pte. Ltd. and may contain affiliate links.

Welcome Promotion

Investing can be an exciting and lucrative way to grow your wealth, but getting started can be intimidating. That’s why many investment platforms offer welcome bonuses to encourage new users to try out their services. And if you’re looking for an investment platform with an exciting welcome bonus, look no further than Moomoo SG.

From until 31 May 2023 11:59 SG Time, new users who register an account with Moomoo SG will receive:

  • S$20 Cash Coupon (S$2 every day for 10 days)
  • 1 Free Coca-Cola (NYSE: KO) Stock
  • S$108 Cash Coupon
  • S$10 Fund Coupon if people deposit S$100

More details can be found in their FAQ which I have reference it below:

How do I get up to S$20 Cash Coupon?

1. Deposit at least S$100 / US$75/ HK$600

2. After the conditions are met, you will need to click “Claim” on the landing page and the daily S$2 cash coupon will be sent to you immediately per day when you hold positions of S$100 (cash, stocks and other assets included) or above for 10 days. The amount will take about 1 – 3 working days to be reflected in your Universal account.

How do I get the Free Coca-cola share (NYSE:KO)?

1. Deposit a cumulative amount of at least S$2,000 / US$ 1,525 / HK$ 12,000 and complete at least 2 buy trades (You can also buy into Moomoo Cash Plus!)

2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen Coca-cola share (NYSE:KO) will be issued to your universal account

3. Maintain daily assets (cash, stocks and other assets included) of S$2,000 / US$ 1,525 / HK$ 12,000 for 30 days before the stock will be unfrozen and credited to your Moomoo SG universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount.

How do I get the S$108 Cash Coupon?

1. Deposit an accumulated amount of S$10,000 / US$ 7,625 / HK$ 60,000 & complete accumulated of at least 7 buy trades (Note: Buying in Moomoo Cash Plus is also considered a buy trade!)

2. After the conditions are met, you will need to click “Claim” on the landing page and a frozen S$108 cash coupon will be issued to your account.

3. Maintain daily assets (cash, stocks and other assets included) of S$10,000 / US$ 7,625 / HK$ 60,000 for 90 days before the S$108 cash coupon will be unfrozen and credited to your account. The amount will take about 1 – 3 working days to be reflected in your Moomoo SG Universal account. Due to stock price fluctuations, the total asset value is allowed to drop by 30% from the stated amount. 

Let me share with you on four other interesting features in Moomoo SG app!

Do note that Past performance of Fullerton SGD Cash Fund is not indicative of future returns.

1. Moomoo Cash Plus

Nowadays, as the volatility of the current investment environment is rising, an increasing number of investors tend to opt for investments with higher stability and lower risks.

For those who are familiar with personal finance management should know that there are many guaranteed income products in Singapore, including fixed income, Singapore Government Treasury Bills (T-bills), SSB (Singapore savings bonds), etc., the average annualized yield of which are around 2 %~3% with relatively long lock-up period, which is not suitable for storing short-term idle funds.

One of the standout features of Moomoo SG is the Moomoo Cash Plus. This program offers investors the opportunity to earn attractive interest rates on their idle cash balances. With Moomoo Cash Plus, you can earn interest rates of up to 4% on your idle cash balances, allowing you to maximize your investment returns even while you’re not actively trading.

(4% p.a. returns derived from Fullerton SGD Cash Funds as of 6 April 2023. Past performance is not indicative of future returns.)

What is Moomoo Cash Plus?

Cash Plus is an idle money management tool provided by Moomoo. Currently, there are two types of money funds for investors to choose from:

  • Fullerton SGD Cash Fund
  • CSOP USD Money Market Fund

– The Fullerton SGD Cash Fund is currently the largest SGD money market fund, the return rate of which once exceeded 4% even under the environment of interest rate hikes, which is much higher than the average savings rate of banks (0.25%). And most importantly, this fund has never had a monthly negative return since its establishment in 2009, which is quite impressive.

– The CSOP USD Money Market Fund is Singapore’s first T+0 subscription and redemption USD money market fund, which can be flexibly transferred from your investable USD in and out of the fund while waiting for investing opportunities in the stock market. The fund invests primarily in high-quality short-term money market instruments and debt securities that provide liquidity and returns comparable to U.S. dollar deposit rates.

It can be seen that the ordinary annualized interest rate of Moomoo Cash Plus is around 3.7% currently. And we can see the rate is indeed higher than other tools currently on the market!

How to participate?

1. Register and open a moomoo SG account (if you have already registered and opened an account, please ignore this step)

2. Deposit at least SGD 100 to qualify for 3.7% bonus rate and S$10 coupon.

What are the advantages of Moomoo Cash Plus compared to other wealth management products in Singapore?

Enjoy high yield with good liquidity!

– In Singapore, products with higher interest rates than moomoo are often endowed with poorer liquidity.

– Products with slightly better liquidity often generate relatively low yield

The other advantages of moomoo Cash Plus include:

1. 7-day annualized return is as high as 4%. This return rate is higher than most bank savings returns;

2. Stable income – Fullerton SGD Monetary Fund has never had a monthly negative income since its establishment in 2009 (data as of October, 2022)

3. Buying power is shared with the stock account – the assets in Cash Plus will also be calculated into stock buying power at the same time;

4. No lock-up period, enjoy subscription and redemption within the day;

5. Earn interest from your spare money, your spare money can gain generate returns every day even on the weekends;

6. Zero fee for subscription and redemption –  Moomoo does not charge fund subscription and redemption fees, and no additional handling fee is required;

Subscribe S$100 into Moomoo Cash Plus now, and you will receive up to S$30 worth of rewards, S$10 fund coupon and S$20 cash coupon (S$2 for 10 days)!

2. Financial report calendar

People could find the financial reports on Moomoo and subscribe on their Calendar to read it as soon as it releases.

Additionally, people also gain insights from professional media’s and investor’s comment. See the photos below for this exciting feature.

3. AI-Powered Feature

But that’s not all!

Moomoo SG app also comes equipped with an AI-powered feature that helps you make smarter investment decisions. The AI-powered feature uses machine learning algorithms to analyze market trends and patterns, providing you with valuable insights into the market and helping you make informed investment decisions.

Market Monitor also to automatically track and alert you on unusual activities of all stocks across different markets in real-time too. Users get insights into the stock that they are interested in.

4. Free Learning

With Moomoo SG, you can also access Free US stock commission and Level 2 Market data and other real time market data, 7×24 hours live news feeds, and customizable charts and tools to help you stay informed about the latest market trends and developments.

Additionally, Moomoo SG provides a comprehensive education center and free paper trading that is designed to help you learn more about investing and trading.

How to Sign up?

Signing up for Moomoo SG is easy and hassle-free. All you need to do is download the Moomoo SG app, create an account, and start trading.

Step 1: Download the Moomoo SG app using this link on your phone and then log in

Step 2: Set up and open the trading account using MyInfo

Step 3: Wait for the account to be setup. An email will be sent to you.

Step 4: Deposit and trade with moomoo to get the welcome Gifts as mentioned above! Copy the information here again for easy reference.

From until 31 May 2023 11:59 SG Time, new users who register an account with moomoo will receive:

  • S$20 Cash Coupon (S$2 everyday for 10 days)
  • 1 Free Coca-Cola (NYSE: KO) Stock
  • S$108 Cash Coupon
  • S$10 Fund Coupon

Don’t miss out on this fantastic opportunity to start your investing journey on the right foot!

With competitive commission rates, a wide range of investment products, powerful trading tools, and a user-friendly interface, Moomoo SG is the perfect investment platform for anyone looking to take their investing game to the next level. So what are you waiting for? Join the investing revolution with Moomoo SG today and start trading like a pro!

All views expressed in this article are independent opinions of the author. Neither moomoo Singapore nor its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Cashflow Management Made Easy: How I Simplified my Cashflow Management

Posted on by careyourpresent

Cashflow is king

Have you heard the saying “Cashflow is king”? It’s true. Managing your cashflow effectively is crucial for achieving financial stability and success. As someone who’s experienced the ups and downs of personal finance, I understand the importance of keeping a tight handle on my money. That’s why I want to share with you some practical tips for managing your cashflow by using myself as example.

Photo by Giorgio Trovato on Unsplash

How to manage?

There are so many things in life and components in finance management. In fact, managing your finances can be a daunting task, especially when it comes to tracking your cashflow. This may not be everyone’s cup of tea, but it is crucial to do so, especially when it comes to monthly cashflow management. However, with the right tools and strategies, it can be a breeze.

As someone who owns several credit cards and bank accounts, I have developed a system to manage my finances effectively. I thought I should share give you and perhaps readers can gain some insights to it.

Personally, it will be good for my kids/spouse, especially who is totally don’t bother with cashflow management or finance management in my household. In case I am suddenly gone (yes, touch wood but life is uncertain), hopefully this could be a good reference for them.

Credit Cards

I currently own several credit cards, but my three main credit cards are UOB One Credit Card, SCB Spree Credit Card, and Unlimited SCB Credit Card. Of course my UOB ONE Card is used with my UOB one account to get the 5% interest every month!

To meet the UOB One account’s 5% interest rate, I would spend $500 starting from the 3rd of every month (my billing cycle starts on the 3rd of every month). I set up recurring charges for my mobile line, broadband, and utilities bill to this card, which amounts to around $100 to $200 each month. The remaining $400 to $500 is spent on household expenses such as SimplyGo for transport, groceries, and of course, I have also passed a UOB ONE subcard to my wife for her to spend on this card. By doing so, it is easier to hit the $500 spending!

Whenever possible, I use credit cards for payments, such as Favepay, Google Pay, Shopee, Qoo10 online spending, etc. This way, I have no problem hitting $500 every month. Usually, I reach $500 around the 20th of the month, and the rest of my spendings on credit cards goes to the SCB credit cards to earn direct cashback rebate from 20th onwards until next month when the UOB spending reset again. My wife always ask me:

How can you remember when to spend which card? I told her is easy, just spend UOB till $500, then use SCB after that. But it’s still seems very difficult to her until today. Well…

https://www.uob.com.sg/personal/cards/cashback/one-card.page

Credit Card Annual Fees

Managing annual fees can be a hassle, especially when you own multiple credit cards. However, I have developed a system to manage my annual fees effectively.

Firstly, as per what I have mentioned above, I have regularly tally my credit card expenses, and I would know immediately once any annual fees are charged to my card. I would then call in to waive them immediately.

Secondly, I have inputted the annual fee due date into my calendar and set reminders. Lastly, I try to keep cards with no annual fee for those cards that I use less frequently, such as the HSBC Revolution and CIMB cards.

Monthly Cashflow

Now that we have covered credit cards let’s talk about cashflow. Here’s how I manage it in real life:

1. 1st of every month

  • Tally the expenses of the whole family. This is important if I want to FIRE in future (Financial Independent, Retire Early). Once my cashflow above expenses, I can FIRE (Actually, now my cashflow > expenses but I kiasi).
  • Calculate how much to pay for credit bills for the last month and transfer the amount to be paid to the monthly spending bank account. In my case, it’s the UOB One account to satisfy the condition of 3 GIRO every month.
  • Transfer $600 to OCBC 360 Save Bonus (Increase your average daily balance by at least S$500 monthly.)
OCBC

2. Collect Bank Interest and Investments

  • Collect bank interest from my various banks, including Singapore Saving Bonds. UOB one account interest usually comes in 2nd or 3rd working day of month, OCBC 360 comes in 7th workng day, SSB comes in few working days after the month start, SCB exclusive bonus comes in 20th of the month etc.
  • Transfer these to a higher interest rate bank account or money market funds such as MoneyOwl, WiseSaver or FSM Autosweep.
  • Regularly keep track of my investment portfolio and record everything in my excel file.
  • Record how much I am vested, how much emergency funds I have, how much investible funds I have, how much cashflow (e.g. dividends) that I am getting from my portfolio, all buy and sell transactions, dividend coming in, location of all my funds, and what insurances I have.

3. Card Spending Management

For any card spending, I record it in an app to keep track and make sure I spend within budget and hit the $500 spending for UOB. However, as compared to other people, I do not keep track of the category of spending (This only works for me and I am sure I spend within limit, so I don’t want spend too much time on this). For others that need more tracking and discipline, it is better to record category of spend.

4. Cash Management

As for my cash spending, I prefer to withdraw a fixed amount from the ATM, typically around $40 each time, and record it as cash spending in my expense excel file. While I don’t track what I spend on as I am confident that I won’t overspend, it’s always good to have a record for reference. For those who are less discipline, always to keep track category of spend too.

5. A Master Excel file to keep track

Finally, I also regularly keep track of my investment portfolio and record everything in my excel file.

This includes how much I am vested, my emergency funds, my investible funds, and the cashflow (such as dividends) that I am getting from my portfolio. I also track all my buy and sell transactions, dividend income, the location of all my funds, and what insurances I have.

Of course all of the card and cash spending, annual fee etc are all recorded. I share the password of this file with my spouse so that in case of anything, she can refer to it without. Although I tried to keep it as simple as possible, but it may not be easy for her to understand.

Summary of what I did

DateAction
1st of every monthTally family expenses, calculate credit card bills and transfer the amount due to monthly spending bank account for payment.

Transfer $600 to OCBC 360 Save Bonus account for Save Bonus.
RegularlyRecord all card spending in an app for tracking purposes.

Record cash spendings in an expense excel file.

Both of the above I did not break down into detail categories unlike some of my friends as I know that I won’t exceed budget, but it is good to break down for most people.
RegularlyKeep track of investment portfolio and record all transactions, including buy/sell and dividend income.
Credit cardsMainly use UOB One Credit Card for household expenses and recurring charges, ensuring to hit the $500 spend minimum by around 20th of the month.

For the remaining days of the month, use other cards for direct cashback rebates.
Annual feesRegularly check and call to waive any annual fees charged to cards. Input annual fee due dates into google calendar and set reminders.

Also always aim to keep cash with no annual fees to avoid the hassle.
Bank accountsTransfer interest earned from various accounts to higher interest rate accounts or money market funds.

It’s not easy but it is important

Managing your cashflow may seem like a daunting task, but it is essential to stay on top of your finances and achieve your financial goals. With the practical tips and strategies I have shared based on my personal experience, I hope to have made it easier for you to manage your own cashflow.

Take action today and start tracking your expenses, optimizing your credit cards, and finding ways to increase your savings.

Remember, small changes can make a big difference over time. I also urge you to share your own cashflow management plans with others and join the community of people committed to achieving financial freedom. Together, let’s take control of our finances and build a brighter financial future for ourselves and our loved ones.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

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