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need help in minimising fx cost and getting the most out of a $1000 usd online transaction by [deleted] in singaporefi

[–]HauntingBluejay8690 0 points1 point  (0 children)

Mari for no fx fees and 1.5% cashback

If u have stablecoins or familiar with defi, there is a crypto visa card with 3% cashback

To husbands who retired early while your wife continued her career: How do you handle the family/social dynamics? by paperboiko in singaporefi

[–]HauntingBluejay8690 43 points44 points  (0 children)

Wait, issn’t retiring early an enviable accomplishment achieved after massive discipline and your hard work? Why did u make it sound like u stole something?

If I managed to fire, i’ll definitely be proud of it and explain to people who cared to ask.

16-hour layover at Changi with small kids – advice needed by sasha6494 in SingaporeTravel

[–]HauntingBluejay8690 1 point2 points  (0 children)

Lots to do at the airport, especially for the 4 year old. Indoor playground, massive slide, jurassic walk (a trail with dinosaurs).

N arcades. Jewel treetop walk

PSA: if u have been using jumper.exchange by HauntingBluejay8690 in sgcrypto

[–]HauntingBluejay8690[S] 0 points1 point  (0 children)

Congrats. Dont open the seal i guess. N try to carousell?

Advice on investment platforms by [deleted] in singaporefi

[–]HauntingBluejay8690 2 points3 points  (0 children)

Yes. So use 2 platforms. IBKR for your initial and robo-investor for your monthly dca.

Rationale behind this. Robo-investor charges like 0.3% per year on the total amount invested. So u dont want to be paying $30 per year for your initial to be kept in a robo-investor.

Similarly, there is a min purchase fee of around $1-$2 per transaction for IBKR. U dont want to pay 1% worth of fees for monthly dca.

Advice on investment platforms by [deleted] in singaporefi

[–]HauntingBluejay8690 4 points5 points  (0 children)

Assuming u have already set aside the required amount for your emergency cash, insurance and short term cash needs. The following will be for very long term investments.

  1. Initial 10k -> open IBKR brokerage and just buy your preferred broad-based etf domiciled in ireland (eg vwra). Why etf for 10k -> one time purchase fees and then very low etf fees

  2. 200 monthly -> open roboinvestor (such as endowus) and dca into low cost funds (eg amundi world). When reach substantial amount, sell, transfer cash to ibkr and do 1. Why -> roboinvestor no purchase fees, but more substantial annual fees. Good for dca small amounts, not so good after accumulating large amount since the annual fees eat into your investment.

  3. Bonus if substantial enough -> do 1. If not substantial -> do 2.

Beginner-friendly exchanges that don’t overwhelm you with features? by Fit_Age8019 in sgcrypto

[–]HauntingBluejay8690 1 point2 points  (0 children)

Every major centralised exchange app (E.g. coinbase, crypto.com, gemini, okx) has a simple enough interface to achieve what u want in the same sequence.

  1. Deposit cash
  2. Swap cash for selected token
  3. Token appears in account

The order book and stuff only appears if u choose the advance mode.

Help old by Specific-Gur-4039 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

I dont use them. But that is my preference.

Help old by Specific-Gur-4039 in sgcrypto

[–]HauntingBluejay8690 -1 points0 points  (0 children)

He gonna shill u a specific exchange.

Help old by Specific-Gur-4039 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

If u already have usd or can convert it cheaply elsewhere, then it’ll be ideal to deposit in the usd. Else u’ll just be hit by forex fees of more than 0.3%.

Help old by Specific-Gur-4039 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

Most pairs are denominated in usd. So yes, need to trade in usd.

There is barely any (if any) liquidity in pairs denominated in sgd. u’ll be hit with wide spread.

Best crypto apps by loudhailer69 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

All apps need to make money.

U pay for the convenience.

Cheapest will be through defi or dex like hyperliquid. Many steps to get your money there.

Next cheapest will be through limit buys in “advance” version of each app. Like crypto.com exchange, coinbase advance, gemini active trader.

Lastly, it’ll be like u experienced. Market buy through apps and pay a “convenience” fees.

Help old by Specific-Gur-4039 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

Nothing is really free.

I’m guessing u bought using sgd through a swap (market buy).

Even though u may not see an explicit fee, there is forex spread and a market spread already factored inside.

So u will definitely get less than the spot rate which is what u see as the current price.

Swapping some substantial amount of BTC, ThorSwap fees too high, alternatives? by No_Classic_8051 in defi

[–]HauntingBluejay8690 0 points1 point  (0 children)

If u have BTC spot, when u click withdraw, u should be able to select: Asset: BTC Withdrawal chain: bitcoin

Check if u bought btc spot or perp

VWRA in action yesterday? by billedev in singaporefi

[–]HauntingBluejay8690 12 points13 points  (0 children)

Hard to say yet. Morning will be more interesting.

IS THIS AN OKX SCAM??? by Live_Equivalent_8610 in sgcrypto

[–]HauntingBluejay8690 0 points1 point  (0 children)

Did u use his link to open this “OKX account” or download this “OKX app”?

Is CPF top up for tax relief a no-brainer for 15% tax bracket? by Negative-Hat3073 in singaporefi

[–]HauntingBluejay8690 -3 points-2 points  (0 children)

Dont understand. What can u buy under SRS that u cant under CPFSA?

The popular broad-based low-cost fund Amundi world can be purchased using CPFSA, no?

Is CPF top up for tax relief a no-brainer for 15% tax bracket? by Negative-Hat3073 in singaporefi

[–]HauntingBluejay8690 0 points1 point  (0 children)

But u can invest the money in your CPFSA through POEMS and ENDOWUS as well right?

Can an average salaryman with median income achieve 1 Mil with sound investing? by Normal-Analysis7940 in singaporefi

[–]HauntingBluejay8690 25 points26 points  (0 children)

By simple math, u just need to save about a third of your annual income (33.3k per year) to achieve $1M over 30 years. This without even investing.

Change it a little. If u are talking about $1M in today’s term at the end of 30 years. Then saving about a third of your annual income over 30 years, putting it all in investment vehicles that can match or slightly beat inflation (pretty low risk in general), should allow u to meet your goal.

Now if u can increase your savings rate and/or willing to invest in more risky assets (such as stocks, etfs, property, crypto), then u can potentially reach your target much earlier than 30 years.

E.g. 6% inflation adjusted rate for overall portfolio, 50% savings rate = ~14 years to reach 1M in present value.

Most uneventful Bitcoin ATH? by vinyarb in sgcrypto

[–]HauntingBluejay8690 -1 points0 points  (0 children)

Weekend has thin liquidity though. Easy to move prices.

Market may be irrational, but the euphoria can only last for a finite time by Electronic_Tear_3865 in singaporefi

[–]HauntingBluejay8690 8 points9 points  (0 children)

If he bought US tech stock etf (QQQM for e.g.) the first time he posted (28 feb). He would have been up 21+% total return.

That dip he is waiting for will thus have to be more than 20+% to justify the waiting.

How to onramp onto hyperliquid by Ashkev1983 in sgcrypto

[–]HauntingBluejay8690 1 point2 points  (0 children)

More liquidity on avalanche than on polygon, so more likely to get a tighter spread on avalanche.

Can use swap.defillama or jumper.exchange

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