Converting to DBS multiplier account

I used to be on the DBS cashback program. I already had salary crediting and a housing loan with the bank. With a token spending on the card, I had met the minimum 3 category criteria to receive about $45 worth or cashback per month. The rest of my funds were parked at either Maybank iSAVvy or StandChart e$aver, both which offers higher interest on fresh funds deposits. Rotating funds between the two accounts once every 2 months kept the "fresh" status.
However, interest rates have fell significantly this year. Last checked, the 1-month SIBOR is only at 0.5%. Correspondingly, deposits at the accounts are returning only 1.3% for iSAVvy and 1.1% for the e$avers for amounts of $50k - 200k.
For the DBS Multiplier, the interest rates gets a 0.2% boost when one more category is added. It's easy to add the investment category by setting up a RSP (Regular Savings Plan) to purchase the Nikko AM STI ETF monthly. Minimum amount is $100 only. Sales charge is 0.82%, meaning that about …

Good times, bad times

Any investor would have made money in good times. When there are positive company guidance, a robust growing economy, increasing corporate and consumer confidence, optimistic forecasts and a bubbly market, higher stock prices are observed. Any investor could have lost money in bad times. When business conditions turn sour, corporate profits disappears, the economy goes into a tailspin, black swan events happen like an oil crash recently, and now facing a global pandemic in full swing, stock prices fall violently.
The maxim "buy low sell high" is so simple to understand but in reality, not simple to put into practice. It conflicts with our natural human behavior.
During good times, investors rejoice on their stock gains. A rising tide lifts all boats. Prices continuously goes up and making money is deceptively easy. Knowingly, this is when the market could be inflated and the risk is high. However, our desire for more pulls us to join the party. We sometimes let our guard do…

A rebound

An unexpected and quick rebound was staged by the STI. The market came back alive with the index climbing up from the lows of 2200 levels to the 2500 levels last week. From another perspective, YTD returns went from -30% and recovered to -20%. This bounce returned 10% in 4 weeks as volatility receded.

Did you catch the full range of returns? Maybe half of it? Or possibly much more?
If you stayed the course and held tight without selling, you would have caught the full rebound. If you sold something during the plunge, you would have lost some returns presented by the turn in market direction. If you have bought on the way down, continuing at levels below 2600, you would have recouped more than 10% because your base cost was lowered when averaging down.
No one knows if this market action is a dead cat bounce. It may or may not retest 2200 levels. It may go lower from here. The economy does feel bad with an extension of SG's circuit breaker, but the stock market is not perfectly c…

The way ahead

Naturally, people gets interested in investment when the stock market plunge hits the news on TV and newspapers. It's simply logical to deduce that when the mainstream media says the market has fallen by this much, it also means this is a good time to invest. In my opinion, this might be true. The best time to start from zero is always now. And if one has already started, consider progressively putting more spare cash to work.
The next question for investment newbies is what to buy? I hope to write about this in future.
However, for investors already knee deep or appropriately neck deep in the markets, this question is probably no longer relevant. He would already own a carefully constructed portfolio, whose formation is likely on the basis of the investor's view of having the best growth, income, value or undertaking of the most comfortable risk level he can stomach. Recently, I've read that for an investor who spends such great effort to curate the list of stocks/ETFs h…


What a start to 2020. With the impact of COVID-19 on the world, almost no country is spared. The economy is tanking for sure, although data is not published as fast as how the virus is spreading, so the picture is not clear to all. Nonetheless, the confirmation of a global recession is just a matter of time.

The stock market volatility reached levels last seem during the GFC a decade ago. At the first few weeks of the plunge, it scared me to be frank. I'm about 80% invested and my portfolio hit a draw down of 33% at the trough around 23rd Mar. It has recovered to -23% YTD as of end of this week, but the loses are still painful to bear.

It's quite a strange feeling over the past weeks of the market's fall. My emotions went from being feeling opportunistic of the initial drop, to fear, to relieve and now feeling slight immunity to further market actions. It somehow numbs the mind to see the portfolio values dropping everyday. I'm sure precious lessons will be learnt from…

Hello 2020

Hello readers.
Am starting a blog to share my portfolio and ideas. Many times, I feel there isn't sufficient rigor performed when I make investment decisions. Had read before, any form of investment should be business-like. I hope by starting this blog, I can document down at least the basic analysis which backs my buy and sell actions and improve accountability to myself.
Also, I feel that most people around me doesn't invest much. I hope by my sharing, readers will be inspired to start this journey of building personal wealth and finally achieve retirement security.
And it's a good time to do something, being the first day of the new year, a new decade. The investment journey will be tough. But I believe with a prudent attitude and taking actions with a right temperament, it will be as rewarding at the end for me and for you.