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Daniel

A guy 💁🏻‍♂️ who is passionate about sharing ways to stretch your dollar 💵 and maximizing saving opportunities. Part time CFA level 2 candidate. 📖

Daniel

Independent Financial Adviser Rep at Financial Alliance

About

A guy 💁🏻‍♂️ who is passionate about sharing ways to stretch your dollar 💵 and maximizing saving opportunities. Part time CFA level 2 candidate. 📖

Credentials

Independent Financial Adviser Rep at Financial Alliance

Daniel

Independent Financial Adviser Rep at Financial Alliance

  • Answers (5)
  • Questions (0)
  • Reviews (0)

Promo Codes

Revolut

Sign up with my link and we will each get 8.88 SGD after your first purchase with your free Revolut card. https://revolut.com/referral/mohddazzvh!E04214 I will give back 4.00 SGD to anyone who uses my sign up link, and keep only 4.88 SGD for myself. In total, you will be getting 12.88 SGD. Please comment below if you have signed up successfully. Thanks!

Investments

Supplementary Retirement Scheme (SRS)

Robo-Advisors

ETF

Hi Matt, First of all, congratulations on taking charge to plan for your own retirement and doing research on your own before jumping in. Few things to note: IWDA and robo are heavily exposed to US and other developed countries markets. Given that US bull market is in its 10th year now and US equity valuations are too high for too long, perhaps we should be more cautious about it. Another point to consider, future global economic growth will likely come from China, India and SEA since growth in developed countries is rather low but IWDA/robo does not have much exposures to these developing countries. Otherwise, there is a need to adopt a new approach, which is to allocate a portion of one's investments away from traditional assets into what is known as alternative non-market correlated instruments. Hope this gives you a clearer picture. :)

Insurance

Lifestyle

Whole Life Insurance

Term Life Insurance

Personal Accident (PA)

Hi, I think there is some misunderstanding about CareShield Life. It is not a Personal Accident Plan, nor the typical life insurance plan (Death, TPD). CareShield Life will replace ElderShield 400 for age 30-40, and it covers for Long Term Care (LTC) needs. When a person fails to do 3 out of 6 Activities of Daily Living (ADLs), the person may be eligible for monthly pay out claim under CareShield Life or ElderShield. What are the 6 ADLs: Transferring, walking, toileting, washing, dressing and feeding. https://www.moh.gov.sg/careshieldlife/about-eldershield Since it is a government initiative, you can use your MediSave to pay for CareShield Life premium. There are different life insurance plans to cover different needs. For example: 1. Death - Dependents' Protection Scheme 2. Total Permanent Disablement (TPD) - Dependents' Protection Scheme 3. Critical Illness 4. Hospital bill - MediShield Life 5. Long Term Care (LTC) - CareShield Life 6. Disability Income 7. Personal Accident (can be life insurance or general insurance) All of the above cover different situations. If you find that your existing life insurance plans are too much to pay, perhaps you should consider reviewing them to see whether worth it to keep or find cheaper alternatives. Hope this helps with your query.

Credit Card

Lifestyle

MileLion

Daniel
Daniel
Level 3. Wonderkid
Updated on 03 Sep 2019
“Best miles card of 2019” depends very much on your spending pattern. This is because not all cards are created equal. Each has its own pros and cons. For example, do you do a lot of online shopping? (DBS Women World Mastercard, Citi Rewards) Do you travel overseas frequently? (UOB Visa Signature) Do you find yourself using PayWave often? (UOB Preferred Platinum Visa, UOB Visa Signature) Or do you mostly spend on dining out? (UOB Krisflyer, Maybank Horizon, HSBC Revolution) In terms of general spending miles card, currently, the highest mile per dollar (mpd) offered is 1.5 mpd (local) and 3.0 mpd (overseas) by BOC Elite Miles World Mastercard. The recently launched OCBC 90N has a promotional overseas spending rate at 4.0 mpd till the end of February 2020, you might want to take a look if you have an overseas trip soon. Lastly, don’t just look at the headline rates that the banks put up. Check about the benefits that banks offer (eg. Lounge access). Do a bit of research through reviews and terms & conditions of each card before you plan to sign up.

Credit Card

Lifestyle

Shopping

Daniel
Daniel
Level 3. Wonderkid
Answered on 03 Sep 2019
Hi there, if your main consideration is points pooling, I think UOB has a good suite of cards that can cater to your needs. For example, UOB Lady’s, UOB Visa Signature, UOB Preferred Platinum Visa, UOB PRVI. On a side note, Citibank points/miles do not pool! If you have Citi PM and Citi Rewards, you need to pay twice $25 for miles redemption and each min redemption is 10k miles. For offline shopping, UOB Lady’s Card offers 4 mpd (cap at $1k spending) provided it is chosen as one of the 7 categories. UOB Preferred Platinum Visa also offers 4 mpd (cap at $1k spending) using PayWave if the store accepts this payment method. For online shopping, UOB Preferred Platinum Visa also offers 4 mpd (cap at $1k spending) when you shop at Lazada, Shopee, Taobao, and etc… For travel, if you have UOB Lady’s Card you can also change the chosen category once every quarter to the “Travel” category to earn 4 mpd on hotel and flight bookings. Note that the same cap $1k spend applies. UOB PRVI can also net you 6 mpd on hotel and flight bookings if you book through their portal “UOB Travel”. For general expenditure, UOB PRVI offers a respectable 1.4 mpd (local) / 2.4 (overseas), second-best in the market. You also need to note that UOB awards points/miles in blocks of $5. Meaning if you spend $4.99, no points for you. These are all my personal suggestions since you mentioned you hope to pool points together. Hope you find them useful! 😊
Level 3. Wonderkid
19PointsGoal 40
21 POINTS TO LEVEL UP
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