WhatisWhat

  Previously I have shared many articles on Ryde: What’s the best way to use Ryde: Maximisingthe undervalued Ryde Ryde Deep Dive - will my strategy last? How to secure the cheapest Ryde Vouchers Ryde Flash sales - at least 37% Discount [PSA] Up to 49% Discount for Ryde Vouchers It’s been a year since I’ve used this strategy, it’s time to do a review. When I first learned about Ryde vouchers, I was only aware of the 20% discount on Lazada,. Further digging on Shopee lead me to find even more discounts there. In my case, I’ve gotten a lot of help from friends and accumulated this amount of vouchers. It was a BIG risk on my part as none of them heard of Ryde and felt that could be a cash call before they file for bankruptcy like most other start-ups facing a lack of funding.  However, I’m still enjoying the discounts. PS: I’m already enjoying an 18% discount by using RydeFlash, so the 30% discount from the vouchers is a gigantic discount. Nevertheless, there are many learnin...

After buying my house, I started reading up on property information and how the market works. Some of the objections I heard from my friends are: These days no one cares about Freehold(FH) any more. There’s no need to care about lease decay, you won’t stay that long anyway. So it got me thinking, is that really the case?   Better Location If we look at HDBs, there is constant renewal by the GRCs to enhance their value, with better amenities, social support centres, connectivity and covered walkway. In terms of planning, it also makes sense to plan the train stations in a way that has the minimum impact on existing buildings. Next, creates land value through further development around the vicinity. That could mean that future development of the land parcels near the Station is likely going to be new HDBs or GLS > Condos In addition, selling the GLS at these locations would help attract developer interest and strengthen the reserves.  It is essentially a p...

  Today's April's Fool, but this article is not a joke.  The golden rule of managing personal finance is to refrain from using cash, so why should you keep coins? Why does the post matter to you?  Parenthood When your child goes to primary school, you need to give them pocket money.  Giving them a $2 note could mean putting all your money in one basket which can be worrisome.  So, most parents would normally give them coins to spread the risk and let them understand money concepts.  You might as well start your coin collection today. Hobbyist / Forced Savings This is quite iffy, as everyone has a different reason for collecting it.  For me, I wanted to collect coins hoping to fund my large ticket items in the future. It's quite bothersome for me as there is always a shortfall in my cash account during my monthly reconciliation. In addition, the lure of interest rates convinced me to give it up.  While others could be attracted by the scarcity of c...

What’s with all the bank runs and bank failures hitting the news these days? Why are all these banks in trouble? Are we by extension in trouble too? How should I protect my money? I've decided to join the bandwagon. More importantly, relate this to our situation in Singapore. Banking logic When we place deposits with banks, they “reward” us with interest. With our deposits, Banks are allowed to loan out a significant % of the deposit for profit. This % can range from 80-90%. This has always generally been fine as it's extremely unlikely for us to withdraw all our money at once. To provide some form of confidence, the deposits are insured up to a certain amount. The liquidity situation in the US With the painful effect of inflation, people are literally seeing their savings eroding away. FED has tried to battle this by raising interest rates, which makes it costlier to borrow and incentivises saving. Clients would compare their options and gravitate towards better rates. Eventua...