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DBS Multiplier

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Investments

DBS Multiplier

ETF

STI ETF

On the ETF side, there is only 4 choices actually (roughly corresponding to equity/bonds/property with bonds having soverign/corporate split). The choices are listed below. Note, it may be unwise to deviate from your SAA just to grab some bonus interest - do think through whether the promos are worth bending your investment plan. 1. Nikko AM Singapore STI ETF 2. ABF Singapore Bond Index Fun 3. Nikko AM SGD Investment Grade Corporate Bond ETF 4. Nikko AM-StraitsTrading Asia ex Japan REIT ETF

Miles

Credit Card

UOB Preferred Platinum Visa Card

HSBC Revolution Credit Card

DBS Live Fresh Card

DBS Multiplier

Kelvin Chin
Kelvin Chin
Level 3. Wonderkid
Answered 5d ago
No huge monthly spending nor a traveler, maybe cashback cards are more suitable. Personally I am fresh into the workforce only.

Savings

Investments

DBS Multiplier

Hi anon; It's a very general question, so I can't get into the specifics. A list of things to consider before you start: 1. Have you sorted out your insurance? 2. Do you have adequate rainy day funds (this should be a yes, looking at your numbers) 3. Have you cleared or are clearing all your debt (study loan, etc) If that's in place, then a simple 3 step frame work would be 1. Set your goal. Know what you want to invest for. What do you want to achieve? What's your timeframe? How much do you need for that goal? 2. Assess your situation. What is your cashflow? What are your financial ratios? What's your budget? 3. Plan. What kind of asset classes will you want to consider? How much risk can you take? Broadly speaking, asset classes can be guaranteed or variable. On the guaranteed side, you have CPF, SSB, annuities, etc. Variable instruments include UTs, ETFs, shares, etc. Understand what the pros and cons of each class are, and then craft a strategy that works for you, remembering to strike a balance between guaranteed and variable asset classes. There are simply too many things for you to invest in out there and I can't be putting into writing here or I'll end up penning an essay. If you have further questions, you can reply to this post and I'll see how to better tailor my response to your query.

Bank Account

DBS Multiplier

SCB Jumpstart

Looks like a fairly solid plan. Jumpstart is a great deal if you meet the age restriction. On the side investment account side, I assume you are planning to keep these accounts running once you leave Singapore. In that case, I would suggest having a think about keeping it all inhouse (ie use SCB for investments as well). The cost would be higher than doing it all separately but it would be much easier later on to manage. If there are any hiccups with the account and/or ad-hoc changes needed, it is going to manage with one provider if you are offshore.

Bank Account

Credit Card

DBS Multiplier

DBS

Savings

Tried and tested. It is possible, no problems at all withdrawing cash using DBS Altitude Credit Card when it is linked to a Multiplier account.

Bank Account

DBS Multiplier

DBS Multi Currency Account

CIMB

Fixed Deposits

Royalchem
Royalchem
Level 2. Rookie
Answered 2w ago
What is the broker you use for shares? Ibkr and saxo are rather decent for the conversion of SGD to USD and vice versa. Go google and read up. There are some articles floating around. In fact, you can be your own money changer if you have ibkr and DBS mca. Don't need to get eaten by the money changer.

DBS Multiplier

Savings

Did you have salary credit in October? You need it to unlock the other tiers in the bonus interest table. Details here: https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier

Bank Account

DBS Multiplier

DBS

Savings

Doesn't hurt to ask right? Usually, first time transgressions waived with no issues especially if you had the money within the bank as is your case.

Bank Account

DBS Multiplier

DBS

Savings

Hi! If you are currently under 26 years old, Standard Chartered is offering a 2% p.a. on the JumpStart account. No fees and minimum account balance required. A savings account for young adults between 18 and 26 Link to it here: https://www.sc.com/sg/save/savings-accounts/jumpstart/ If not, there is a CIMB Fastsaver offering 1% on the first $50,000. Link to it here: https://www.cimbbank.com.sg/en/personal/products/accounts/savings-accounts/cimb-fastsaver-account.html I always like to refer back to Seedly's services, and they recently released a savings account comparison calculator! Check it out here: https://seedly.sg/tools/savings-account-calculator

Credit Card

DBS Multiplier

DBS Altitude Visa Signature Card

DBS Live Fresh Card

If you don't meet the requirement for the live fresh rebate, then at the very least, DBS miles don't expire, so an Altitude card should be better. You can accumulate the points for an aspiration redemption years down the road. Take it from me, I built a 6 digit stash of miles from years ago not knowing what to do with them, but then 4 years down the road I managed to make good use of them.
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