Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card.

It was gonna be the best tool for household joint expenses and joint savings.

However, I've faced multiple hiccups that made me VERY frustrated....WHY ME?!
1. Delayed approving process led to losing out of sign up bonus
First, I signed up for the UOB One card and Account in early Oct through Singsaver's promotion. The promotion said that I'd get to enjoy cash incentive for registration + UOB's promotion of $80 cash credit with min $1k spent within 30 days of card approval. Mind you, these terms were stated to end on 31 Oct, extracted below:

S$80 Cash Credit for UOB One Account: Limited to the first 500 new to UOB Deposits customers who either (i) deposit and maintain $5,000 or (ii) credit their salary, into their new UOB account for 6 consecutive months. Terms and conditions of the UOB Online …

Mid-year review: Goal met of $200k cash at 28. $400k+ net worth and Astrea bond V

Half a year gone.

I still have not gotten my keys to my new home and am still childless. Ok, TMI.

On financial front, I've been seeing a steady increase in my net worth. As at my last update in end 2018, my net worth was at $372k.

Half a year later, I've successfully crossed $200k cash savings (previously it dropped as I topped up my MA) and exceeded $400k in networth. I may be able to hit $450k by end year but will just need to carve out some money for renovation and home stuff.

Most gains came from employment. While I lament how sick I am of work, it is my main source of $. I've not added any stocks and can never not live off my portfolio for passive income. It is with salary crediting that I've received 1.85-2% interest on my DBS multiplier anyway.

I've been thinking if I'm making my money work hard enough. I occasionally browse the SGX hoping to see some stocks to purchase, but am not comfortable enough to make the move.

Since Jan till date, my transactions include:
  • SSB Jan 2019 bond at 2.2% for $10k
  • CIMB FD 1.7% for 6 months for $15k. Better than leaving it there for 1% interest
  • Etiqa 2.02% endowment for $5k which I shared here and here.
  • Top up $7k cash in early Jun to my SA account for tax relief. Did the same for my hub too.
  • My latest transaction was today - to ballot Astrea bond V with $10,000. Applied $20,000 on behalf of my hubby as well since he doesn't do anything with his money except leaving it in CIMB. My previous Astrea IV is doing pretty well. As of today, it is trading at $1.068 but I'll prob leave it till maturity. 
Nothing exciting so far but I'm contended with this simple life.


  1. Stumbled upon your blog. This is rather impressive, great work!

    Just to point out that although Astrea IV is a fund of PE funds, those are bonds (more like lehman minibonds but still "bonds"), just like your SSB (I assume as I don't remember seeing a SGS issue for Jan), perhaps would be good to put them under Investments instead of Stocks?

    1. Thanks for your sharing! Have amended it to SSB.

      Ah, I parked SSB as FDs in my pie chart and Astrea Bonds under stocks. Will consider revising :)

    2. Welcome :) Yea probably just Investments as bonds are bonds, not stocks/equity.

  2. Looks like your goal for a flat by 28 will take a big bite out of your cash flow.

    1. Yes! Oh well, good thing is I'm pretty ready for it haha

  3. Wow, your salary must be pretty high to achieve such a buffer ! Nevertheless, your portfolio inspires me to save more haha :)

    1. Hi Wei Jie, sorry for missing out your comment. I started off with a $3k fresh grad salary like most people; I'm sure the younger chaps are starting off with much higher starting salaries already. I'm a huge saver, not an investor, so I'm sure many can achieve better :)


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