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Disclaimer: The opinions on Webull expressed in this blog post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Webull Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.
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Actually, one can just send $10 to your family member/friend to and fro, in order to earn the cashback rewards. There are also some kind of “Huat Pals” game to be played to get additional rewards.
Google Pay Referral Reward 2021
The current referral reward for Google Pay in 2021 is $3, but there are many other cashback rewards:
Earn $2.5 cashback on your next movie at Shaw
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Order food on Google Pay and get $2.5 cashback
Scan to pay in stores and earn up to $10 twice a week
Payoneer is the “Israeli PayPal”, specializing in B2B online payments. Typical users include sellers/freelancers who earn on international platforms such as Amazon, Fiverr, Airbnb, and wish to transfer their USD earnings to local bank accounts.
Payoneer is one of biggest tech companies in Israel. In 2019, Israel’s former chief economist of the Ministry of Finance Yoel Naveh joined Payoneer, leading Payoneer’s working capital division.
GameStop Short Squeeze is recently a very hot topic in the USA, and refers to the short squeeze of the stock of the American video-game retailer GameStop and other securities that took place on various stock exchanges, causing major financial consequences for certain hedge funds. It has been reported in many news outlets, including CNBC, BBC, and Reuters.
There are a few free sites to check out the GameStop current short interest, or the GameStop short interest today. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A related concept, short interest ratio, represents the number of days it takes short sellers on average to cover their positions, that is repurchase all of the borrowed shares.
GameStop Short Interest Data
One of the sites to check out the current GameStop Short interest is: https://isthesqueezesquoze.com/. It uses data from Ortex or S3Shortsight.
Another site is the Twitter Page of S3 Partners, which is a FinTech company. They often publish the statistics for GameStop (GME) short interest on a daily basis.
A third source is Ihor Dusaniwsky’s Twitter Page. Ihor is the Managing Director of Predictive Analytics at S3 Partners. He posts GameStop Short Interest information on a regular basis, including some explanations to beginners.
Note that there are two ways to calculate short interest (SI):
SI = shares shorted / (float). This value can exceed 100%.
SI = shares shorted / (float + shares shorted). This includes the “synthetic longs” created by short selling, and will be a value between 0% to 100%.
GameStop Short Squeeze
Do also check out the Twitter Page of Michael Burry, where he posts information about GameStop Short Squeeze, GameStop Gamma Squeeze and more. Michael Burry is a famous investor and inspired the main character in the movie “The Big Short”.
DBS Multiplier has officially announced some changes, effective 1 January 2021. Do check out the official PDF document here.
We also attach the screenshot below for the reader’s convenience.
DBS Multiplier Review
Well, it is clear that the DBS Multiplier changes are not good! Most of the interest rates are heavily affected, especially for the average Singaporean saver. This is not unique to DBS though, most banks in Singapore have slashed their interest rates, including Citibank, CIMB, and others.
For savers who have less than 3 categories transactions (Credit Card Spend, Home Loan Instalments, Insurance or Investments), most likely his/her interest rate will drop to below 1% p.a. This is a halving of the previous interest rate.
DBS Multiplier Minimum Balance
Note that DBS Multiplier has a relatively high minimum balance of S$3,000, and there is a service charge of S$5 if average daily balance falls below S$3,000.
DBS Multiplier Alternative
If you are looking for an alternative to DBS Multiplier, do check out our previous blog post Gigantiq Promo Code: MATH88. Basically, Gigantiq is a capital guaranteed savings plan that offers interest rate of 1.8% p.a. (previously 2% p.a.). This is much higher than all banks currently, including fixed deposits. Gigantiq is backed by Etiqa, which is the insurance branch of Maybank, the largest bank in Malaysia.
In order to use Dash EasyEarn, you first need to have Singtel Dash. The referral code is below!
Hi, we’re giving you up to $2 cashback for your first Singtel Dash transaction! Sign up with the referral code DASH-2I2KM or tap on this link https://appserver.dash.com.sg:443/mgm?DASH-2I2KM now. T&Cs apply.
Singtel Dash EasyEarn Review
We will give a short review of Singtel Dash EasyEarn. Technically, Dash Easy Savings Account is a insurance policy, but it works like a bank savings account. Basically the pros and cons of Singtel Dash EasyEarn are as follows.
Pros:
2% per annum interest (much better than bank savings account or even fixed deposit).
This 2% holds for deposits up to $20,000.
Capital-guaranteed.
Protected by SDIC.
No lock-in period.
Comes bundled with life insurance (Be automatically covered with a death benefit of 105% of your Account Value).
Singtel is a big company (one of the biggest in Singapore), with good reputation and long history.
Cons:
There is a $0.70 fee for withdrawing to bank account (quite a low fee though).
Minimum balance of $2000 in order to earn the max 2% interest (quite a low requirement).
The 2% interest rate is only guaranteed for the first policy year.
The insurance policy is actually administered by Etiqa, not Singtel. Etiqa is a big insurance company though, it is part of Maybank which is the biggest bank in Malaysia.
I tried the transfer of funds into Dash EasyEarn (it is by eNETS only). The speed is very fast, almost instantaneously I could see the funds in Dash EasyEarn after transferring. I have not tried withdrawal of funds yet, due to the $0.70 withdrawal fee.
Update September 2020: I tried withdrawing, the process was very smooth and instantaneous. Basically, the withdrawal is via PayNow to the bank account linked to your mobile number. Your bank account will receive the amount withdrawn within seconds, while the $0.7o withdrawal fee is deducted from your Dash EasyEarn balance.
Dash EasyEarn Lite
What is this Dash EasyEarn Lite? Apparently, it is the “small” version of Dash EasyEarn when you deposit $2,000 or less. The interest rate is also correspondingly lower, at 1%.
Update: The above information is incorrect. An official Singtel representative has contacted us to tell us the correct information.
The Dash EasyEarn Lite option is not automatically applied when the savings amount is less than $2,000 as it is only open to eligible Dash users such as work permit holders.
Is Dash EasyEarn Safe?
A popular question asked is definitely whether Dash EasyEarn is safe? The answer is it is safe.
Secondly, Dash EasyEarn is a capital-guaranteed savings insurance policy. That means, it is impossible to lose the principal amount you put in. For example, if one puts in a capital of $20k (the max amount allowed), one will get back at least $20k no matter what the circumstances.
Lastly, Etiqa (the insurance company behind Dash EasyEarn) is regulated by Monetary Authority of Singapore (MAS). Their MAS license can be found on the MAS official website.
Basically, Singlife offers a higher interest rate of 2.5%, however this only applies to your first $10k deposit. Even though Dash EasyEarn offers a lower interest rate of 2%, it applies to a higher amount of $20k.
A logical conclusion is to max out Singlife first (by putting $10k in Singlife). Then, put in your excess in Dash EasyEarn.
(The Singlife referral code/ promo code is the above URL link. Just click it on your mobile device to apply the referral code.)
Dash EasyEarn Forum
If you still have any doubts about Dash EasyEarn, a good way to dispel your doubts is to read forums on Dash EasyEarn. The best forum on Dash EasyEarn is the one in HardwareZone Money Mind. The experts there will teach you more on how to maximize your earnings using Dash EasyEarn.
Disclaimer: The opinions on Dash EasyEarn Account expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Dash EasyEarn Referral and Dash EasyEarn Review. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.
Update: Instead of Singlife, we now recommend GIGANTIQ. Do check out our blogpost on GIGANTIQ (2% p.a. interest and up to 8% PolicyPal bonus credits earnings).
(The Singlife referral code/ promo code is the above URL link. Just click it on your mobile device to apply the referral code.)
If you install and apply for Singlife using the above Singlife Referral Code, you will get S$10 credited to your Singlife account, as soon as you set up your Singlife account and activate your free Singlife Visa debit card.
Singlife Review
Singlife is a insurance savings plan that works similarly to a bank account, providing you a 2.5% per annum interest. You may withdraw your savings at any time, there is no lock in period.
What is most attractive about Singlife is definitely the 2.5% interest, it currently much better than many banks’ savings account or even fixed deposit account.
I find the setting up process very easy, it should take less than 15 minutes and can be done entirely online. The app is quite intuitive to use, and has a clean user-friendly interface.
I have personally tested the Singlife withdrawal (withdraw from the Singlife bank to a DBS bank account). While it is not instantaneous, the withdrawal is very fast (around 5 minutes to appear in my bank account). On paper, it can take up to 3 hours for the Singlife withdrawal process, which is still quite acceptable.
Singlife Protected by SDIC and Capital Guaranteed
One question that is bound to be asked by Singaporeans is “Is Singlife safe?”. Or “Is it safe to put my money in Singlife?”.
In addition, the Singlife Account is capital guaranteed, which means that the principal amount you put in is shielded from any losses (unlike stocks where you can lose your capital).
Lastly, Singlife is regulated by Monetary Authority of Singapore (MAS). Their MAS license can be found on the MAS official website.
So let us summarize the pros and cons of Singlife account.
Pros:
High interest of 2.5% p.a. (No other bank has such a high interest at the time of writing this post, even fixed deposits cannot compare with Singlife.)
Capital-guaranteed.
Protected by SDIC.
Comes bundled with life insurance and retrenchment insurance.
Comes with free Visa card (no fees).
Cons:
The 2.5% interest rate is not guaranteed (it can go up or down in the future). According to the Singlife Facebook, it will uphold the interest rate for at least a year.
The 2.5% interest rate is only for the first $10k in your Singlife Account. Subsequently amounts above your first S$10,000 up to S$100,000 will earn 1% p.a. returns (which is still quite good). Amounts above S$100,000 will not earn any returns.
No ATM machines, it is totally virtual.
Singlife is still relatively not well-known at the moment.
Singlife Hardwarezone and Singlife Reddit
You can check out the discussion about Singlife on the popular forum Hardwarezone or Reddit.
Basically, the comments about Singlife are quite positive (especially regarding the high 2.5% interest). The sentiment is that there is no harm trying out Singlife (while the high 2.5% interest is active, and then reconsider or transfer out when the interest rates drop).
If you decide to sign up with Singlife, do so with the referral code link below, and get $10 credited to your account!
The Singlife Account comes with a free Visa Debit Card. It has no annual fees and no FX (foreign exchange) fees. You can use the Singlife Debit Card overseas, there will be zero FX fees imposed on your overseas purchases.
Even if you just intend to use it rarely, there is no harm just activating your Singlife Debit Card. You can get instant notifications on your spending in the Singlife App. For greater security, you can lock and unlock your Singlife Card all through the Singlife App.
The most important thing to note regarding Singlife Debit Card is that you must activate it in order to get the S$10 Referral or Promotion bonus.
Disclaimer: The opinions on Singlife Account expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Singlife Referral and Singlife Review. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.
A popular question (which is also related to financial Math), is how much money does it take for a person to retire in Singapore? We will collate reliable sources and their calculations in this blog post. By reliable, we mean that we will only select sources posted by major banks (POSB, OCBC, etc.), as well as those posted on major Singapore news outlets (Straits Times, Today, Channel News Asia etc.). Major insurance companies (AIA, Prudential) etc, can also be considered. Lastly, we also consider famous blogs like Mothership, Seedly, MoneySmart.
We will also post the relevant “metrics”, which include Retirement Age, Retirement Monthly Income, Years to Retirement.
Note that the Straits Times has estimated that a recommended Retirement Monthly Income is $1379, or around $1400. This covers mostly necessary items only, with just a few small “luxuries” like “occasional inexpensive meals out with family or friends, homes that are safe and comfortable, and an annual holiday to a nearby destination”. Note that air-conditioning and owning a car is excluded from the budget.
(Note that this list is not finalized, we will continue to add new sources here when we encounter one.)
1) OCBC: S$1.3 million
OCBC has a very interesting “fishing video” featuring a talking fish. In it, it is calculated that “to retire in 20 years and live on S$3,000 monthly, you need S$1.3 million”.
Retirement Age: 62
Retirement Monthly Income: $3000
Years to Retirement: 20
Talking fish from OCBC Video and its retirement calculation!
2) Mothership: S$720,000
This plan is worked out by Daniel, 29, and featured on Mothership. His retirement plan is to spend “30 years on a piece of farmland bought overseas, where he will build a ranch, and live off the earth surrounded by free-roaming livestock”.
Retirement Age: 50
Retirement Monthly Income: $2000
Years to Retirement: 21
The $720,000 can be broken down into S$360,000 cash and S$264,000 in his CPF Retirement Account at age 55 years old. Note that the above doesn’t quite add up to $720,000. That is because the CPF amount is for ensuring that he will “receive a steady stream of monthly payouts of around S$2,110 from age 65 for as long as he lives”.
3) Mothership: S$360,000
This is another plan from Mothership, by Melanie, age 25, female.
Retirement Age: 70
Retirement Monthly Income: $3000
Years to Retirement: 45
Again, the magic number seems to be “S$264,000 in her CPF Retirement Account at age 55”. Melanie can then defer her monthly payouts to 70. She will then receive around $2,600 per month for as long as she lives.
4) Seedly: $228,960 to $473,760
The Seedly blog calculates that one would need $228,960 to $473,760, depending on the age of retirement. It is summarized in the table below.
Retirement Age
Average Life Expectancy Of Singaporeans
Years Left To Enjoy Retirement
Retirement Savings Required
50
82.9
32.9
$473,760
55
82.9
27.9
$401,760
62
82.9
20.9
$300,960
67
82.9
15.9
$228,960
The above is based on:
Retirement Monthly Income: $1,200
This is on the low side considering the Straits Times article that recommends $1379 for monthly retirement income. Nevertheless, the amount of total retirement savings required seems quite low compared to OCBC and Mothership.
Singapore Maths Tuition 