Investments, Personal Finance

Read these 10 well-rated books if you want to be a millionaire

“The Millionaire Fastlane” by M.J. DeMarco

So, you want to be a millionaire? Sure! But first things first, make sure you’re not spending too much money way over your budget. For folks looking to attain financial freedom, we recently wrote on some challenges to save more money which might be of powerful assistance. Some concepts, like the 1% trial or 52-week challenge, can be new ideas to try out. Meanwhile, for today’s article, we will look into 10 well-rated books to read if you want to

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Join 200k Investors in SEA to Invest with this Award Winning Investment Platform and Get $20 Cashback

Peer-to-Peer or more commonly known as P2P lending started in the US and UK in 2005, and has since taken the world by storm. Back home in Singapore, P2P lending contributed to approximately USD 207 million in financing offered to businesses here in 2020. Investors on P2P lending platforms can participate in these financing and earn returns in the form of interests.  Take for example Funding Societies, a popular P2P investment platform amongst Singaporean investors. It is currently licensed in

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Investments

Tips on overcoming analysis paralysis in investments

investment risks

Many people face analysis paralysis when making decisions. Do you know what the term means? According to Healthline, analysis paralysis is a type of overthinking which results in a neverending loop of “what if this, what if that” scenarios. Vicki Botnick, a therapist from California, shares that our decision-making process usually involves a list of options. As we progress, we begin narrowing this list down, removing choices that are unfeasible. But a person with analysis paralysis will often find themselves

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Investments

Should you let a robo-adviser dictate how you invest your money?

UOBAM robo-adviser

Several consumer-facing Financial Technology (FinTech) companies, from digital payments to insurance and transfer payments, have arisen to support Singaporeans’ personal finances. You may have heard of robo-adviser companies such as StashAway, Syfe, and AutoWealth that help with investments. What are robo-advisers? To optimise investment portfolios according to the risk profile of the customer, Robo-advisers rely on algorithms. In reaction to market changes, portfolio readjustment is performed automatically. As such, there is little need for active monitoring by the investor with

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Investments

A Singaporean’s Guide to P2P investments with Funding Societies & S$20 cashback up for grabs

What is P2P investment? P2P investments or more commonly known as Peer-to-Peer (P2P) lending is a type of debt-based crowdfunding enabled by digital platforms that connect borrowers with investors without going through a traditional financial intermediary such as a bank. This concept will see investors lending to borrowers (i.e. SMEs) via the platform as a form of investment, and the interest earned from it will be their returns. Despite being a relatively new concept in Singapore, it has grown significantly

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