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Siow Nan

Normal individual leading ordinary life

Siow Nan

Electrical And Computer Engineering at Nus

114Upvotes

About

Normal individual leading ordinary life

Credentials

Electrical And Computer Engineering at Nus

Siow Nan

Electrical And Computer Engineering at Nus

114Upvotes
  • Answers (81)
  • Questions (1)
  • Reviews (2)

Stashaway

Investments

Robo-Advisors

Promo Codes

If you use my referral link below, you can get up to $10,000 managed for free for 6 months. At least for first 6 months you can try out with a smaller amount without management fees!!!!!!!!! www.stashaway.sg/referrals/siownanw3zpr

Investments

Cryptocurrency

You can try my referral code below.... 35008590 Weblink for registration below. https://www.binance.sg/?ref=35008590 Hope these helps!

Geneco

Electricity Market

Promo Codes

Apply early, save early!!!!!!!!! - Enter 96753492 as your referral code for additional $20 savings! I have been using Geneco since the start of the year. My take is that instead of pondering over the differences, we should just take action and you will start saving from day 1. Expecting the promos to be lesser soon and rates may start rising as electrical tariffs has just risen in July 2019. So please act fast to get the best savings. https://www.todayonline.com/singapore/electricity-tariffs-city-gas-prices-rise-july-september So, good to quickly take advantage of current fixed rate promos before their prices increase too. Current Promos: (Updated 8th Oct) Please find more details of existing promos on the Geneco website below. https://www.geneco.sg/residential/promotions/ Essentially there are 4 different promos codes now which gives the following benefits. 1. POWER50 $50 off your bill. One-time off rebate on your bill. Only Valid for Get It Fixed 36 / Get It Fixed 24 / Get It Less 24 / Get Free Sundays. 2. GENECOPLUS20 Get 4,000 Linkpoints & $20 Bill Rebate. One-time off rebate on your bill. Valid for online sign-ups and all plans except Get Free Sundays and Give Us A Try plan. 3. PLUSGENECO Earn 4,000 LinkPoints with Geneco. Valid only for Get It Fix 36 plan. Until 31st Oct 2019. 4. GET30 $30 off your bill. One-time off rebate on your bill. Valid for Get It Green Plan / Get Sunny. Additional rebates: 1. Up to additional 5% Uob one card rebate with UOB One card + additional 1% uob rebate (for 12 bills) on recurring bill with uob cards by 31 Dec 2019. 2. Charge to Posb everyday cards and get 2% cash rebates. Simplest non confusing terms. Up to 31st Oct 2019. 3. Extra $20 rebates if you enter 96753492 as your referral code. Recommend to go for Option 1 and Option 3 if your bills are on average $90.. 5% rebates on 90 bucks for 12 months would be about $54 savings already, plus a further $20 startup rebate for you. I am using these options personally. Natural gas is going up so would recommend the fixed price offer, but decision is solely up to you. Markets are unpredictable. Trade war on the other hand causing oil prices to come down. But in Singapore, price usually increase faster than for it to come down from past experience. Better act fast! Tariffs went up! Not sure current offers will remain for how long. Sign up online is easy and hassle free. So far prices have been the better ones and no false marketing like displaying the price without gst. March deals even better at 17.78c/kwh for 2/3 year plans but has since increased to 17.98c/kwh. Would recommend fixed plan over discounts over tariff plans. Switch over now without hesitation as every day delayed is costlier than waiting to get a slightly better deal in future.

Property

Bought mine this year and in the market. can share more if you pm me. But, in summary, this year there are plenty of new launches in the market and prices for the last 2 years have been quite steady or even with slight price increments or discounts depending on the development. luxury developments are moving a bit better recently due to more foreigners coming in due to their local political pressures compelling them to seek alternative safeguards outside their home country. locals have more to choose from this year, with many still on the sidelines apparently due to the uncertainty of trade wars, recessions etc. But would expect lesser supply in the next few years as Developers plan to complete selling the current stocks, and from the lesser en-bloc and gls activities this year compared to the years before the last cooling measures in 2018.

Investments

Stashaway

DBS

Agree, build some cash in a high-interest rate bank account like DBS multiplier first, so that you can deploy them more efficiently when necessary.

ViewQwest Broadband

CODE: RAFA00017462 Simply sign up with the referral code below to be input on the registration form on page 2 of ViewQwest's sign up portal!! CODE: RAFA00017462 Upon successful activation, you will receive an email acknowledgement from us confirming your $40 bill rebate. Have been using for years and so far speeds are good and unthrottled. Hassle free and responsive service team who will even help you when you call at midnight.

CPF

Retirement

Supplementary Retirement Scheme (SRS)

If you have not opened an SRS account yet, can do so now with at least 1 dollar to lock in the retirement age for withdrawal (one of the retirement hacks) After which, if your CPF is below FRS, then a safe and almost risk-free approach is to TOP up your CPF to FRS and let the interests compound. Note TOP ups to special account are irreversible until retirement age. If to all 3 accounts, the ordinary portion can be utilised for your home mortgage. If you are in the higher income bracket and putting in srs can help you in your tax savings, and you have the spare cash flow to do so, then feel free to TOP it up. Just remember also to use the srs to invest in safe stocks/unit trusts/regular savings plan/SSB/robo-advisors etc to achieve at least a better yield than the savings account yield. There will be some risks here but you can minimise it for sure. In any case, if you can consider srs and if it helps you to significantly reduce your taxes, then most likely you can consider BOTH topping up CPF and SRS as an approach.

Investments

Retirement

Savings

Stashaway

Siow Nan
Siow Nan, Electrical And Computer Engineering at Nus
Level 6. Master
Updated on 20 Aug 2019
Read up on the website and do a sign up online. There is a risk assessment to help find your preferred risk levels for the portfolio generation. Once you have decided to try, then just put in your funds and let the roboadvisor buy the units for you..... If you think it is working, then you can consider increasing your monthly top-ups etc. So far it is working ok for me and I am happy to do a DCA on a monthly basis.

Investments

Savings

Lifestyle

Siow Nan
Siow Nan, Electrical And Computer Engineering at Nus
Level 6. Master
Updated on 14 Aug 2019
Go casino bet on big or small. you have about 49% chance of meeting your target to double your money right away. just joking above But end of the day, let us be realistic as you are targeting to achieve more than 100% returns in 5 months. If there is a sure risk-free way to achieve that, everyone would be doing the same. What you are asking for requires you to take extreme risks like gambling above, and are you prepared to lose your entire capital for taking the chance? My take is that you save your $3.8k. Then make an action plan on how you plan to make up your shortfall by active working and not dream of get-rich-quick schemes. Quick calculation. You are aiming for $6.2k shortfall in 5 months ($10k target EOY) , meaning that you need to earn $1,240 a month. or $62 a day (est. 20 working days a month). break it down to reasonable targets that you can handle and then you can set your plan to work. Take a side hustle like tuition maybe? if you are paid $250 a month for tuition work for 1 person at 2hrs/week = then 5 students may help you reach your target.

Investments

Siow Nan
Siow Nan, Electrical And Computer Engineering at Nus
Level 6. Master
Updated on 11 Aug 2019
You can play around and adjust your risk levels and see how the allocation percentages change for the various sectors/etf before putting in your money, or change your risk levels anytime. (though not encouraged to keep changing the allocations as you will incur transaction costs).. My link for referral which allows up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/siownanw3zpr
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Level 6. Master
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