Anna Agoncillo, Author at MoneyDigest.sg

Bear & Bull Markets: Animals In The Stock Market

For investors, the terms “bull” and “bear” carry distinct weights as they frequently describe the market conditions. These terms are used to describe how the market is doing. It is your responsibility as an investor to know the direction of the stock market, because it will significantly affect your portfolio. Examine how each of these market conditions may impact your investments.

INVESTORS’ ATTITUDES AND THE MARKET

Since the financial markets are greatly influenced by the investors’ attitudes, these terms also denote how they feel about the current economic situations. A bear market occurs in an economy that is receding and where most stocks are depreciating in value. Interestingly, it is named for the way the bear attacks its victims. You see, a bear swipes downward during an attack. Thus, it became a metaphor for the market activity during this condition.

On the other hand, a bull market exists in an economy on the rise. This is where conditions of the economy are generally favorable and positive. Investors usually have faith that the uptrend will continue over a long period of time during the bull market condition. In the case of equity, a bull market denotes a rise in the prices of companies’ shares.

In a bear market, share prices are continuously dropping. This affects the investors’ attitudes negatively, which later perpetuates the downward spiral. During this time, the economy slows down and unemployment rises as companies begin laying off workers. One can only imagine how the investors felt last March 2020 when the U.S. stock market fell into the bear market due to the pandemic!

SUPPLY AND DEMAND FOR SECURITIES

More investors are looking to sell than to buy in a bear market. The demand for securities is significantly lower than the supply. As a result, share prices drop. A bear market can be more dangerous to invest in, because many equities lose value and price.

In contrast, there is a strong demand and weak supply for securities in a bull market. Many investors wish to buy securities, but only few people are willing to sell them in a bull market. As a result, share prices will rise and investors compete to obtain available equity.

SHIFT IN ECONOMIC ACTIVITY

A weak economy is often associated with the bear market. Most businesses and companies are unable to bring in huge profits due to the unwillingness of consumers to spend money. This decline in profits directly affects the way the market values stocks.

In a bull market, the opposite happens. People have more money to spend and are very much willing to spend it. This relationship towards the consumers strengthens the economy.

Image Credits: unsplash.com

THE CONCLUSION

A bear market occurs in an economy that is receding, where more stocks are depreciating in value. While, a bull market exists when the economy is sound. Both of these conditions will have a significant influence on your investments. It is a good idea to determine how the market is doing when making an investment decision.

How long a bear market will last varies wildly due to the situation. Some can last for several weeks, while others last for years. Over the long run, the stock market always has a positive return. A grand comeback, which we all have been waiting for!

Sources: 1 & 2

Important Things To Know About The TraceTogether Token

TraceTogether is a digital system, which the Singaporean Government had implemented to allow for better contact tracing in response to the effects of the pandemic in the country. The system was originally designed as an app and was later supplemented by a physical token due to the low-usage of the TraceTogether app.

October 26 (Monday) marked the start of the mandatory use of TraceTogether app or token at all Singapore cinemas. Venues with activities that involve larger groups of people will follow the same mandate. By the end of December, checking-in with the TraceTogether app or token will be compulsory in public venues such as restaurants, workplaces, schools, cinemas, hotels, healthcare facilities, and shopping malls.

This means that you will no longer be able to gain access to these places through the SingPass mobile app or by scanning SafeEntry QR codes with your phone’s camera. Instead, you can either use the TraceTogether app or token. The former includes a function for users to scan SafeEntry QR codes that are displayed at venues. The latter comes with a QR code that can be scanned for entry. Please do not cover the QR code attached to your token.

In the recent days, Singapore has hit about 50% participation rate in its digital COVID-19 contact tracing program. This is good news because having 70% of Singapore’s population using TraceTogether is one of the conditions that has to be met for Singapore to enter phase three. This is according to Education Minister Lawrence Wong, co-chair of the COVID-19 task force.

Before you collect your token at the community centre (CC), please check token.gowhere.gov.sg to know its availability. To prevent long queues from forming, members of the public have been encouraged to collect their TraceTogether tokens from the CC nearest to where they live. There is no need to collect a physical token, if you already have the TraceTogether app. You may download the latest version of the app at tracetogether.gov.sg.

Minister-in-charge of the Smart Nation initiative Vivian Balakrishnan also highlighted that there will be more than enough TraceTogether tokens for everyone. These tokens can be collected at thirty-eight CCs around the country. It will be made available at all 108 CCs by the end of November.

Once you receive your token, check its light. The green light blinks, if your token is working. It should blink once every minute. Its battery lasts for six months and is not rechargeable. You may “dress-up” your token by putting your old first-generation AirPods case. It will fit nicely on that.

Image Credits: Putri Shaghira via Facebook

Lastly, the data stored in your token will be automatically deleted after twenty-five days. There will be room for more information.

Sources: 1, 2, & 3

Fun & Inexpensive Halloween Crafts For Kids

One of the events that children look forward to every year is Halloween. It is possible to stir up a spooktacular Halloween celebration while maintaining an inexpensive budget. Simply use the art materials and common craft supplies that are readily available in your home.

Create these projects with your children to see for yourself!

THEME: UNDER THE SEA

There are two types of activities that you can do to with little preparations. You can either do the Water Balloon Pop or the Jellyfish Paper Craft. The former is a messy activity, which is best played outdoors. Gather twelve vivid balloons corresponding to three colored papers. Cut several circles out of your colored papers. The colored papers must match the color of the balloons. Then, fill up the balloon with water. Stick the papers on the wall. The objective of this game is to pop the balloon directly to its corresponding target. The person with the most accurate throws will win.

For the latter, you must gather yarns or strings, markers, paper plates, and paint. Cut a paper plate in half to create the dome-shaped head of the jellyfish. Staple holes on the bottom of the plate and attach the yarns or strings. Paint the paper plate to complete this lovely sea creature.

THEME: MONSTER SMASH

For a monster-themed Halloween, you may start by building your own monster out of modelling clay. Attach art materials such as moving eyes and fuzzy wires to your sculpted monster to complete its look. You may also create monsters using popsicle sticks. Attach five to seven sticks together to form a vertical file. Paint on the sticks and add refinement of details by using markers. Let your creativity shine through!

Image Credits: iheartartsncrafts.com

Secondly, you may use a green and a black paint to create your own Frankenstein handprint. Half of your child’s hand will be painted black (i.e., Frankenstein’s hair) and half will be painted green (i.e., Frankenstein’s head). Press your hand on a paper and let the paint dry. Finish the craft by drawing details on your hand print such as its signature screws.

Image Credits: rd.com

THEME: THE MUMMY RETURNS

If you want to embrace the “Mummy” as your spooky theme, you may use two rolls of tissue paper to create a mummy race. Let your children use one roll of tissue paper to wrap you and your spouse. The person who wraps the mummy the fastest will win. You may also encourage them to decorate the mummy afterwards by using washable markers and non-toxic paint.

THEME: SPIDER HUNT

If your child is fond of spiders and Spiderman, fill up the room with spider décor. You may create a spider Halloween wreath or a spider sticks web. For the Spider Halloween wreath, all you have to do is to gather twigs that have fallen from the tree. Glue these twigs onto a piece of cardboard to create a base for your wreath. Embellish the wreath with some cut-out spiders.

Image Credits: buggyandbuddy.com

For the spider sticks web, you will need scissors, yarn, paint, glue, and popsicle sticks. Stick the popsicle sticks together to create this shape: *. Then, paint it white and add some black or orange yarns. This will enable you to tie the craft to your doors or ceilings. You may add some cut-out or toy spiders to increase its effect.

THEME: BOO – THE FRIENDLY GHOST

You can either put ghosts on your candy paper bags or your Halloween cards. Start by purchasing white paint and brown paper bags. Turn your ordinary paper bag into a glowing ghost bag by painting on it. You may put the candies inside once you are done.

The last craft is quick and easy. Cover your child’s feet using white paint. Let your child press it on a colored paper. Once it is dry, you may decorate your very own ghost. Enjoy!

Sources: 1 & 2

How To Deal With Finances As A Married Couple

A CLOSER LOOK AT YOUR SPENDING HABITS

Getting married marks a significant chapter in one’s life. This new chapter comes with overwhelming changes and unique transitions that go beyond your personal boundaries. You are now planning a life that is beyond taking care of yourself. This huge responsibility comes with financial trials.

Start with being transparent with your partner when it comes to your finances and spending habits. Awareness is the first step. After all, you are responsible of your partner’s well being too. It is your duty to remind each other about making conscious efforts when it comes to money. Many of our spending habits are influenced by marketing traps and mental biases. These hinder us from thinking straight. You are stronger as a team. Keep that in mind.

Let me give you an example of the common traps or biases that both of you can encounter. Firstly, you the status quo bias may consume you. This bias occurs when you are more likely to prefer the product that you know more despite having better options available in the market. For instance, you may prefer an Apple iPhone over a Samsung Galaxy phone due to your familiarity with the iOS software. You simply want to maintain the routine that you have started.

Similar to status quo bias is the familiarity bias. This happens when you favor products or services that you are exposed more of. Start-ups and smaller companies are not able to afford hefty advertising, thus you may skip on the products or services that they offer. When this happens, it is best to help each other out. Purchase appliances or home decorations together. Do you want to purchase a Samsung Inverter or a Kolin Inverter? Be mindful when you are buying an air-conditioned or other items. Do it for reasons that will both benefit you and your spouse.

Lastly, you may fall for the post-purchase rationalization. This is something that most of us experience. Many of us are stubborn to admit that we made a mistake. We would rather settle for what we purchased. We make excuses to convince ourselves that we made the right decision. Please, ask your partner’s opinion. If the quality of the product does not suit your standards, consider returning it within the company’s terms. Retailers often offer 7 to 30 days return policy. Ask for it!

Do not put yourself into harms way. Accomplish big financial decisions as a team and discuss your spending habits with your partner. You are in this ride together!

THE POSSIBILITY OF SHARING A BANK ACCOUNT

As you build a relationship on mutual trust and honesty, it is normal to gravitate towards having a joint account. Trusting your partner with significant decisions, such as choosing your own home, can pave the way for having deeper understanding to each other’s finances. Some couples experience difficulties when it comes to spending habits and financial priorities. This is why some opt to have a joint account, while others do not.

Finding a mutual ground begins with having the same financial goals. Your goals can vary from paying off your household bills or going to an expensive honeymoon. Set up a joint account for financial goals that you both want to accomplish. You may put your household fund here too.

Then, have concrete rules such as how much each of you will contribute each month and where each portion of your funds will go. Consider having individual bank accounts too. These individual accounts will enable you to treat yourselves or your partner without affecting the household fund. To keep things transparent, you may communicate about your spending habits bi-weekly or every month. Stay on track when it comes to each other’s expenses and goals. Help each other out!

Image Credits: Freepik

You may also discuss if you can make cutbacks or if switching banks are necessary. To put it in simpler terms, you are merging two companies when you have a joint account. Everyone has an equal say and contribution to this shared account. So, respect each other’s views and practice compromise to minimize potential disputes.

Low-Maintenance Cat Breeds To Bring Home

Cats are wonderful companions, especially as pets kept indoors. They are generally low-maintenance and are not difficult to provide care for. There are many breeds of cats that go beyond the black or white cat you see in the television. In fact, the International Cat Association (TICA) officially recognizes 71 breeds as of 2018. That is a lot!

If you are keen to own a cat, you may choose from these adorable low-maintenance cat breeds.

#1: SCOTTISH FOLD

What makes the Scottish Fold unique is its ears that fold forward and lie close to the head. This cat is a lovely addition to any home due to its adaptable personality and its short stature. They are unlikely to attempt any grand leaps or obstacle courses. It can get along with other cats, dogs, and children. Their thick coat is surprisingly easy to maintain as it requires brushing once or twice a week.

Global singing sensation Taylor Swift is a proud owner of Scottish Folds. Her Scottish Folds Meredith and Olivia were both named after fictional television characters.

#2: SPHYNX

The Sphynx is a hairless cat breed, which is often the first choice of cat owners with allergens. The Sphynx’s fur feels more like fine hair or peach fuzz. Not only will its owner get less allergy attacks, but it will not need to groom its fur regularly.

This is an independent cat that is happy to amuse itself while you are busy indoors or outside with your friends. You may invest in a cat tower as the Sphynx enjoy jumping around.

#3: BRITISH SHORTHAIR

Known for its easygoing temperament and undemanding personality, the British Shorthair is popular amongst many cat lovers. It is affectionate, but not needy. It is the perfect companion for people who are looking for cats that stay away from trouble while they are not home. This cat’s short and dense coat is easy to maintain. A good weekly combing should be sufficient to remove the debris and to distribute the skin oils for a healthy coat.

#4: MAINE COON

The Maine Coon originally descended from ship’s cats. It is the largest domesticated cat breed. It is known for its chill, almost dog-like personality. They love the outdoors and can even be walked on a leash. Despite its long coats and large stature, it only requires minimal grooming. This is because its fur is silkier. You just need to comb it once a week and you are good to go!

Although it enjoys human interactions, it can easily entertain itself and is not considered as clingy. Let it freely play on its own.

Image Credits: pixabay.com

Always remember that although these cat breeds are seemingly simple to take care of, you are still responsible for your cats. Love and treat them properly.

Sources: 1 & 2

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