Financial Stocks Takes A Beating Due to adverse publicity over the Lehman Brothers saga, DBS stocks have fallen sharply. More than 2 billion dollars worth of value vaporized in a short week or two. My system had told me to short DBS 3 weeks ago using CFDs. At that time, I think the price was [...]
Popularity: 12% [?]
I’ve been using the various online banking services from DBS, UOB, and Fairpriceplus, supported by OCBC. I always thought that I needed to get the PIN from the bank, so I never used Citibank’s online banking services. However, I wanted to check my account balance and so I found out that it wasn’t that hard I [...]
Popularity: 5% [?]
China stocks have rebounded sharply after last week’s announcement on capital gain tax reduction. My funds have risen after falling for two or three weeks. Would China’s stock markets be able to sustain the momentum until the 2008 Olympics? The government seems to be going all out to ensure this, but overall, based on what [...]
Popularity: 9% [?]
After putting in money in your SRS account to reduce your tax payments, what do you do with it? The agent bank I put my money in offered an extremely low interest rate, to the point of being negligible. If you factor in the inflation rate of 6%, your money would have been lost. One [...]
Popularity: 13% [?]
From 1 April 2008 onwards, you will not be able to invest the first $20000 in the ordinary account, and also the first $20000 in your special account. What is the purpose of investing money from your ordinary account (OA)? Well, you will earn 1% more on the first $60000 in the OA and Special, [...]
Popularity: 11% [?]
Penny stocks, also known as small cap stocks and micro cap stocks, refer to stocks that are sold for less than one dollar per share. Some traders like to trade in penny stocks because they do not require a huge investment to get started. They also have the opportunity to turn a small investment into [...]
Popularity: 5% [?]
Gold prices are at a 27-year high. Diamonds are a girl’s best friends, but gold is every investor’s best friend. There is value from buying gold and there are many ways to go about buying gold. How can we get our hands on gold? 1. Buy gold jewellery. Unfortunately, I don’t think I can get [...]
Popularity: 10% [?]
I decided to do a bit of research and check out which bank offers the best current account with cheque book services. I’ve included DBS, POSB, UOB, OCBC, Citibank, Standard Chartered, HSBC and Maybank. There are some other clauses you need to check, such as how much you will be charged if you stop a cheque [...]
Popularity: 13% [?]
Interest rates for New Zealand Dollar at UOB have fallen from 7.6% by 1%. Interestingly, DBS is offering better rates at 7.6%. Usually, UOB rates are better than DBS rates. Anyway, this is still way better than the less than 1% offered for a normal fixed deposit. Previously, my NZ dollar fixed deposit was at [...]
Popularity: 15% [?]
Do you think paying $850 more in income tax each year is nothing much? Wait till you see how much you are losing at the end of 30 years (it’s a mind-boggling six-digit sum!) Make use of Supplementary Retirement Scheme (SRS) by introduced by our government. I’ve talked about how SRS worked in my previous post. [...]
Popularity: 13% [?]