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Showing posts from May, 2019

Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
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CPF@55 Policy Designed to Make the Rich Richer!

CPF@55  Policy Designed to Make the Rich Richer! Do you know that  CPF@55  policy can help you get richer with a bigger SA (Special Account Balance) after 55? Yes, provided your are rich with a big OA (Ordinary Account Balance) and SA which exceeds the FRS (Full Retirement Sum).  Assuming you have $240k (SA), $160k (OA) and FRS is $200k, this is how you can become richer after 55: 1.  2 weeks before your 55th birthday, buy a stable Unit Trust Bond Fund with $200k SA under CPFIS/SA investment scheme (minimum $40k SA must be maintained) 2.  On your 55th birthday, CPFB will transfer $40k (SA) and $160k (OA) to your RA (Retirement Account) to form $200k FRS. 3.  Next day, sell your CPFIS/SA investment of $200k, this will be returned to your SA. 4.  You now have $200k (SA) and $0 (OA) after RA is created! What happens on your 55th birthday if you did not do the hack (ie. step 1&3) above?  CPFB will transfer $200k (SA) to RA.  So after 55, you will have $40k (SA) a
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CPF Special Account Hack - Are You Ready? Part 3

Yes, I found the relevant section/clause of the CPF Act on Offences relating to investments, see extracts below: A.  CPF Act Offences relating to investments     58A.—(1) No person shall, directly or indirectly, in connection with the making of any investment under any scheme in accordance with any regulations made under section 77(1)( n ) or the sale or disposal of any such investment —              (a) employ any device, scheme or artifice to defraud; or  (b) engage in any act, practice or course of business which operates as a fraud or deception, or is likely to operate as a fraud or deception , upon any person. (2) Any person who contravenes subsection (1) shall be guilty of an offence. B.   By a layman's interpretation of the above clause in the CPF Act, the "CPF Special Account Hack" should be classified as “an act which is likely to operate as a deception”, to deceive CPFB to transfer $160k from OA instead of SA to RA, so the me
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DBS Multiplier Account Bigger at $100k @3.65%

DBS Multiplier Account Bigger at $100k @3.65% Wow, my FRIEND was faster than me in securing DBS Multiplier Account with $100k @ 3.65%! FRIEND agreed to this interview writeup for sharing with my fans. Q1. How FRIEND managed to “HACK” so fast? A1. Have spare cash, deciding between topup to CPF or add to DBS Multiplier Account. But you said CPF SA Hack is now at “risk” should the “auditors/authorities” investigate and take action . So decided to explore DBS Multiplier Account “Hack” instead. Now FRIEND earning 3.5% on $50k DBS Multiplier with salary+ 2 more categories, with DBS “Hack” using POSB joint savings account. So just need one more category to earn 3.65% on $100k. Was exploring the suggested “SSB Ladder” vs RSP Unit Trust. Q2 So not choose “SSB Ladder' ? A2 “SSB Ladder” need to wait 6 mths later, then CDP dividend received qualifies. I like “SSB Ladder” as it is just another way of saving money with guaranteed interest, no risk if ho
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