Simple Budget, Simple Life

I've earlier shared that I finally set up my SRS with DBS bank and l ater registered for an account with Endowus. These were the rewards I'm expected to receive: 1. DBS Bank - $100 - $50 cash to open SRS with DBS and contribute $10,000 - another $50 cash by investing $10,001 I've not gotten the cash rewards as T&Cs indicated "The Cash Gift will be credited by 28 February 2022" 2. Endowus - $20 - $20 referral credit You can refer to my registration guide here . Earlier, I signed up using someone's link for only $20 referral credit.  Today, Endowus released a limited-time referral bonus of $40 up till 31 Dec 2021 . You can refer to the T&Cs here.   If you wish to withdraw your money from your SRS account at 62 years old, the best time is to sign up for your SRS and make your first contribution by 31 Dec 2021. 22 days left to 2022! Referral If you are keen to embark on Endowus using your  SRS, CPF OA or even cash , you may wish to use my link to  enjoy $

Back in late Aug 2021, I shared about my SGD$100 experiment into CakeDefi . I was lured by the attractive % and also wanted to venture further beyond the usual BTC, ETH buys. 3 weeks later, I provided an update here. Now that it's been 3 months+, here's how my gamble went: Here are my thoughts: The Yay 👍 My entry price was at SGD$3.90. With the price at SGD$6.35 now, coupled with the interest generated + US$30 referral reward earlier, I'm sitting on SGD$470.41 gain The Boos 👎 I don't wish to paint the pic that I'm always sitting on paper gains. DFI coins is VOLATILE - I have not been monitoring this SGD$100 gamble much, but the few times I glanced at the DFI coin, it was a laggard compared to other coins. However, it is interesting that despite the BTC drop of 20% yesterday, DFI coin has held itself well. APY% has been dropping. It started with 88.9% in Aug, to 73.6% in Sep, to 41.9% today. I haven't been monitoring the rate daily but it's great that I s

As someone who held massive cash (in proportion to my networth) previously, it feels scary to see that I'm running out of cash. For context, just 1 year ago back in Aug 2020, I talked about having $300k CASH before reaching 30 and the breakdown is here. Few days after I posted, I came upon Tiger Brokers (see my guide and referral here)  and have invested heavily since. I grew my Tiger Brokers portfolio from $0 to $28k (one month later)  to $70k (five months later)  to $95k (eight months later)  to $136k (eleven months later)  to $170k now (1 year 3 mths later). And unfortunately, I am sitting on paper losses amounting to close to $9,000 now 🙃as a bulk of my portfolio is in HK/China stocks 🙃🙃🙃🙃🙃I'm the donkey. I've depleted more than half of my CASH warchest just on stocks alone. I also started my crypto journey in Feb this year.  From $0 to close to $30k capital pumped. Though the good news is I'm seeing gains of around 20-30%. Not an amazing feat compared to pe

Ever since WFH, I haven't been suffering from Monday blues as much. I guess I only hate Mondays because I need to step into the office. Anyway, happy news to share. Firstly, congrats to those who signed up for crypto.com account when I posted about it (search my blog for crypto.com tags). Back then, I shared about their amazing sign-up promotion where you'd get SGD$100 CRO coins back with SGD$100 deposited.  If you've signed up when I spoked about them in Part 1-Part 4 of my posts, you'd have seen good % increase on your CRO token! Personally, my CRO coins have now > doubled! As of writing, the price has reached ATH. However, because these are staked, I can't cash any profits out, but it feels good to see the price appreciation!😬 Secondly, belated news but I've gotten my Crypto.com Ruby Metal Card! This is actually my 2nd metal card, the first being SCB X card that I signed 2 years back. As of now, I've only used my card for transport to get back 2% cas

<pic from google images> I just dug deeper into the crypto rabbit hole. I started the journey just in Feb this year, starting off with Ge mini where I earned free US$10 in BTC lol. It took me 6 months to pump in more money in Aug and decided to generate interest on my coins via Hodlnaut and received a US$20 signup bonus. Thereafter, within the month, I set up another staking account with Celsius where I gained 8.88% APY on stablecoins and received US$50 BTC reward on US$400 staked. In the same month, I signed up for Cakedefi because I was lured by the 88.9% APY.  In Sep, I registered for the Crypto.com account given it's attractive promotion of SGD100 in CRO coins . Psst, it's recent run-up has been giving me quite a good % gain 😊 Now in Nov, within just these few days, I ventured beyond buying coins from the CEXs. I transferred, swapped/bought new coins sitting in my crypto wallet. I gambled and got my first meme coin. I participated in my first liquidity pool at 377% A

In my previous post, I blogged that I've finally set up my SRS....with DBS.  While there was a hiccup i.e my SRS account was missing from ibanking page and app, it was resolved after a few days. No apologies from DBS - they just told me to rest assure that my $10k is intact. It better be. Anyway, now that the issue is resolved and I finally have access to my SRS account number, I needed to maximise my SRS money. As explained by this Seedly post,  " you’ll  need to invest your SRS funds  in order to minimally beat inflation and grow that fund for your retirement." Their table also shows the list where you can park your funds.  I'm not keen to use my SRS on bonds, ETF, FDs, REITS, shares as I already have these investments using my cash. I wanted my SRS to take a separate investment route and decided that robo-advisor was my best choice. As such, I decided to sign up an account with Endowus. Why Endowus I shan't explain who/what Endowus is as you can google it.  My

The title is not a clickbait.  In all honesty, I am going to become a millionaire for sure in my lifetime (assuming I don't die young, choy!). I am very sure I'd become a millionaire, at least through CPF. Yup, 1M65, 1M48A is going to be a reality for me. Based on my CPF projection, these are what I realised: Next year, my OA + SA will reach FRS  At 35, my SA alone will reach FRS (which means I can't do RSTU and get tax relief) At 42, my SA alone will reach ERS  At 47, my OA + SA + MA will reach $1m combined But I am still not satisfied. I don't think this is something worth shouting at. Millionaires decades ago vs today are vastly different in riches - what's more millionaires decades down the road. It's like me cracking lame joke in Indonesia that I'm a rupiah millionaire. By the time I reach 50-60, I am sure there'd be many fellow millionaires. Everyone is so financially savvy these days. Heck, even students are multi-millionaires . And by then, being