Skip to main content


Opening SRS account and considering how to use it

As this is almost end of year, after calculated my tax for this year, I decide to bring down my tax bracket.
so after last month I top up 7k to my SA account, I still need  to find another tax relief to bring down my tax bracket, so in the end I decide to open SRS account.

All 3 bank has promotion for SRS account.
DBS offer cash rebate between 30 to 50SGD depend on the top up amount.
UOB offer high tea buffet voucher
OCBC offer shopping voucher

But because I will only contribute 8k to my SRS, all of the promotion won't be applicable to me. so I decide to open my SRS account with OCBC because I'm thinking of using it for STI-ETF and because OCBC has BCIP plan, I thought it is easier just to open the SRS with OCBC too.
Actually there is one unit trust which I'm interested in LION-OCBC GLOBAL CORE FUND, this is fund of funds which use multiple iShare ETFs, so this 1 unit trust already contains diversified regions and asset class.
What make me a bit reluctant is the fee is quite high,…
Recent posts

Experience with P2P Loan Fiinancing

Around 1 year ago when P2P loan financing start appearing in Singapore, I tried to put small sum of my money to this capital match platform.

I know the risk of this as they can give interest more than 20%, so it is definitely high risk so I just put 5k to test the water and allocate my money to multiple loans.

from around 30 loans I put my money into, actually only 2 which are non performing, the problem is that those 2 has the biggest allocation of my money. These 2 loan are the earlier loan which still has 1k minimum investment so my money in these 2 loans alone is 3k.

the loan supposed to be only 2 month and 6 month, but now after 1 year+, I only get back less than 50% of my capital, so in my head I already write off that money as I don't really expect it will be paid, even it will be paid I think it will take very long time.

So all in all, after 1 year+ the capital lost is 1.7k and the interest I got from all other loans is only around 600. I still make loss around 1k.

I think this…

Top up my CPF SA account for tax relief

This year I decide to top up my CPF SA account to reduce my tax, I think this is good idea as it will help reduce my tax to lower tax bracket and also I can get 4% interest risk free. Turn out it is very simple to top up the SA account with OCBC e-banking.

Below are the steps:
Login to your CPF account and choose my request on the leftside panel.
Choose building up my/my Recipients CPF savings and choose using cash, contribute to my Special account via OCBC.
Fill your NRIC and select payment mode Cash (via OCBC internet banking).
Fill your top up amount cash, for tax relief the maximum is 7k.
After submit, you will get acknowledgement and Bill reference number which is needed for OCBC e-banking/ATM payment, below is what you need to do on OCBC e-banking.

Finalize my ETF portfolios

My current core ETF portfolio is VWRD which is Vanguard all world ETF which I think very diversified and suitable for my core portfolio and the other one is IUAG which is ishare US core aggregate bond.

But because I want to tilt my portfolio to emerging market and value so I consider some ETF like:
1. IWVL-iShares Edge MSCI World Value Factor ETF
this is ishare value ETF with TER 0.3% and AUM 1B (402 Holding all large cap).
2. VDVA - Vanguard Global Value Factor ETF
This is vanguard value ETF with TER 0.22% and AUM 73M (1100 holding include mid and small cap), this ETF is active which use quantitative model.
3. EIMI - iShares Core MSCI EM IMI ETF
This is ishare emerging market ETF with TER 0.25% and AUM 7B (1931 holding include mid and small cap).
4. VFEM - Vanguard FTSE Emerging Markets ETF
This is vanguard emerging market ETF with TER 0.25% and AUM 1.5B (1000 holding include large and mid cap).

In the end I prefer VDVA to IWVL because VDVA include small cap and more diversified, the small AUM…

Lazada mess up my order

Last month I pre-order 1 item from Lazada and yesterday I got sms that my ordered is cancelled and the refund is being processed, and the email explanation they gave is:
Dear xxx , Our terms & conditions allow a maximum of one voucher to be redeemed per order. Thus please be informed that we have cancelled the order below. You can place this order again without using a voucher.
Which I think quite absurd because even though it's true I bought it using voucher code when there is lazada tech sale, but I only used 1 voucher and actually in their system we can only input 1 voucher code only.

When I chat with their customer support what he said is the issue is the voucher code can only be used once not multiple time, but the fact is on that week I only buy 1 item so it's impossible I used it multiple time.
 My friend which bought the same item also got his order cancelled with the same reason, but he show…

United Nations Pre-selection test

Other than YPP (YPP Experience), I also try to apply some of the job vacancy directly and for some of the opening the first step in the selection process is to complete a standard pre-selection test using the United Nations Online Examinations and Test Section.

So after applying, within the next 1-2 months, you will get couples of emails from UN:
1. Your User Account in the United Nations Online Examinations and Tests Section
2. Enrolment in the United Nations Sample - ITECNET Standard Pre-Selection Test
3. Enrolment in the United Nations ITECNET Standard Pre-Selection Test

The sample will be opened 1 week before the real test, for the sample we can try couple of times and there is no time limit but for the real exam once you start the test you must complete it and you will have 120 minutes to complete the whole test.

So what is this standard pre-selection about?
The standard pre-selection test will test our social reasoning approach, the test will give us some job related scenario…

How to buy stock in Interactive Broker TWS

I always read in forum that Interactive broker platform is difficult to use that's why some people reluctant to use them, but actually in my experience for normal buy sell transaction it's quite easy and there is not much differences with any other platform like Standchart or Maybank KimEng.

I'll show you how below:
1. Login to Trader Work Station (TWS) - see How to convert currency in Interactive Broker
2. You will get the screen like this
Put your stock code (No 1) above for example we put "AAPL", after you click Enter you will have the screen on the right. Choose from which exchange do you want to buy. for this one I want to buy AAPL stock from NASDAQ so I choose the first one "Stock (SMART)".Choose buy (No 2).Fill the quantity (No 3).Fill the limit price on which you want to buy the stock (No 4).on (No 5) above there is advance tab where you can choose more advance option like AllOrNone option. Click submit and wait until your order filled, if you want y…