Life's not easy, life goes on. Rather than gripe (we know the saying "人生不如意事十之八九"), it is important for us to focus on risk management in our daily lives and how to become anti-fragile. Buying insurance, setting stop-losses, cut losses and bad connections out of our lives, look before stepping and don't seek cheap thrills. That's risk management at its very least. Taleb's concept of anti-fragile is one level above risk management and robustness. It is about how chaos can make one better and stronger. Don't fear volatility, uncertainty and disruptions. Instead view them as opportunities. Quoting the video, we should learn to "transforms fear into prudence, pain into information, mistakes into initiation and desires into undertaking" . Toughen your mindset If you have tough desire, then be prepared for a tough process working towards it. Another point highlighted in the video for our mind training is - we can imagine worse case scenario, imagine
Binance.com has recently announced that it no longer offers Singapore users fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap (“Regulated Payments Services”). This has caused quite a frenzy for local users to off-ramp their assets on Binance to fiat or to some of these other crypto platforms like Gemini and FTX. Earlier on I have written a post on Thinking backwards . Before you on-ramp your money to any platform, it is wise to also consider the options available for off-ramping. Photo by Executium on Unsplash Other important considerations when choosing the suitable CEX platforms for your crypto investments would be the security features, ease of use, list of supported cryptos, trading fees and their interest rates / "earn" programmes. Below is a comparison table for fiat on-ramp and off-ramp to some platforms I have used. Do use my referral here if you are interested to sign up for any of them
My SAYE account has just hit its 25th month anniversary which is also the "month of maturity". Anticipating to get the 3.5% bonus interest for all these months of saving, I was shocked to see only $17+ cash gift credited as opposed to a few hundred dollars. I was about to send a message to query the bank what caused this interest plummet versus what I got in the 13th month when I came across a debit transaction in my account history (GASP!). To my oblivion and horror, I have accidentally selected my SAYE account to transfer $50 to a joint account to foot some bill in one of the months last year. Here's the terms and conditions for those who are not familiar with the SAYE account of POSB. "To receive the additional 3.5% p.a. Cash Gift Interest, ensure that you do not make any withdrawal from your POSB SAYE account." "If a withdrawal is made in the month, this will result in the previously accumulated additional 3.5% p.a. interest to be forfeited." Damn.
I have been using Samsung Galaxy series since the start of smartphone age, with signing of 2-year contracts. However, I don't make much calls or sms so I have decided to get a no-contract sim when my contract ended. M1 is offering some pretty good SIMs only deals. To get the phones at a even cheaper price, sign a 12 month contract and I can get call, sms, data bundled under $25. Bye Singtel... Attractive as they are, the new Samsung S7 / S7 edge come with exorbitant prices, especially without a contract. I was looking at functionality and pocket-friendliness, not so much on high-tech fanciness and trend. I thought of getting a Xiaomi note 4 as the reviews were pretty good. But... it's SOLD OUT. =.= (My post is back-dated by 1 month so it could be in stock now.) What caught my attention next was Oppo (hokkien saying 'no fish, prawn also can') with a price well within my budget and of course a sales person to answer my queries. From afar it looked strikingly like an ip
Read: The Impact of the Likely U.S. Rate Hike on Asian Equity Markets Fed rate hike boosts Asia Pacific markets but oil price continues to fall China selloff sparks gloomy 2016 start for stocks https://www.fool.sg/2015/11/11/is-this-as-good-as-the-singapore-market-will-get/ "Although QE tapering and rate hiking are two separate issues, the implication to the markets is similar, namely rising interest rates, tightening capital funding, capital outflow from emerging economies, and currency instability . All of these will have a much worse impact on economies with large current account deficits, high external borrowing relative to reserves, high inflation, and deterioration in economic fundamentals." "That period of rate hiking had the worst effect on the U.S. bond market compared to the other two, during which the Fed took more measured paces. The impact was more pronounced on Asian equity markets than that of the U.S." Although 2016 market h
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