FI Dad and the Cryptoverse Part 1: Am I Affected by the Binance Ban in Singapore?

Staring into the Cryptocurrency Universe o.o

So Binance.com has been ordered to stop providing products in Singapore as reported here. The reason for this ‘Ban Hammer’ coming down now is due to Binance.com not being regulated under the Payment Services Act in Singapore. With effect from 9 Sep 2021, Binance.com will not be providing any SGD trading pairs, payment/transfer options and it’s apps will be removed from the Singapore iOS App Store and Google Play Store. 

**Do note that Binance.Sg is a separate entity and they are still operating in Singapore**

I think cryptocurrency in Singapore definitely has gained massive traction.  I think most folks who didn’t know or understand it previously, would have picked up bits of information or knowledge from different sources. When I ask the less informed around me about crypto, typically they still think that it’s a form of currency used for money laundering and has negative connotation. So I cannot blame anyone for thinking that way. 

Personally, I have not used Binance.com much even though it has the largest number of trading pairs and cryptocurrencies available at reasonable fees. In my most recent forays into crypto, I have been using Gemini ActiveTrader (AT) and Coinbase Pro. Gemini AT is definitely easier to use and the fees are incredibly low. The downside is the lack of trading pairs available so you win some, you lose some. But it is sufficient for my ‘yield farming’ and DeFi purposes. 

So to answer the question in the title. No I haven’t been affected in this Binance.com ‘fallout’. For those affected, try exploring the other options available if you are not a crypto trader. If you are, there are also probably available options out there or work arounds that other writers may be more knowledgeable about. 

Share with me your thoughts and comments on this ban and what you think are the future implications! Remember to stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Check out my other stuff: LINK HERE!

SG FI Dad, out.

Alternate Income: July 2021

I haven't been posting much due to work, family and other commitments. And it's already the middle of August!? Time really flies. The situation in Singapore seems to be stabilising, at least with regards to Covid-19 and there has been reports that our economy is outperforming initial estimates which is good news for all. I can only hope and pray that the current measures continue to be effective and everyone plays their part in ensuring this 'new normal' continues. On a lighter note, EPL is back but my favourite team crashed to a 2-0 defeat to the newly promoted Brentford. New season, same old story. Okay, with that little recap out of the way, we can get back into how our portfolio performed in July 2021. 

For July 2021, we received $243.96 from interests and dividend returns. Its not the first month that we surpassed our target of $200 per month and it feels good to have achieved this target again. Seeing the chart below also gives us some confidence in achieving our target for this year. Viewing our stocks.cafe report, we tend to receive more towards the middle part of the year. Hopefully this will make up the shortfall which we experienced earlier in the year.

As we are entering the last quarter of 2021, we continue to remain disciplined in our investment efforts.  By my rough estimates, I am confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market. Hopefully I did not compute anything wrongly and the data will back me up come December.

Share with me your thoughts and comments on dividend investing! Remember to stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Check out my other stuff: LINK HERE!

SG FI Dad, out.

Alternate Income: June 2021

And June has ended already! What!? Honestly the year is really flying by. We have gone into P3HA for awhile now and I hope with all the plans and measures in place, we will see further progress as we enter the last quarter of the year. The Euros 20/21 has been equally interesting and exciting to watch. There has been plenty of upsets and my predicted winners are already no longer in the running. Will football really be coming home now? Now to see who wins the entire thing. Anyone has their favourites? About one more month till EPL is back and I can't wait. Okay, with that little recap out of the way, we can get back into how our portfolio performed this month. 

For June 2021, we received $253.86 from interests and dividend returns. Its not the first month that we surpassed our target of $200 per month and it feels good to have reached this target again. Seeing the chart below also gives us some confidence in achieving our target for this year. Viewing our stocks.cafe report, we tend to receive more towards the middle part of the year. Hopefully this will make up the shortfall which we experienced earlier in the year.

As we are going past the halfway mark of 2021, we continue to remain disciplined in our investment efforts.  By my rough estimates, I am confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market. Hopefully I did not compute anything wrongly and the data will back me up come December.

Share with me your thoughts and comments on dividend investing! Remember to stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Check out my other stuff: LINK HERE!

SG FI Dad, out.

Alternate Income: May 2021

Wow, May has already ended and we are halfway into 2021. Time really passes quickly and everyday, the situation around the world is constantly evolving. We went back in Phase 2 (Heightened Alert) and I sincerely hope that everyone has been doing fine and staying safe. I got my vaccination jabs done in May and even though I experienced some side effects, I think it is definitely better than the alternative. Now we can only hope that the situation improves here in Singapore and we return back to the new normal, sooner rather than later. In other less serious news. football season is over and now we have to content with the long wait until EPL starts again in August. Luckily, we should have some Euros action to tide us over. I just hope that all these international sporting events do not become a catalyst for the next wave of the pandemic. Okay, with that little recap out of the way, we can get back into how our portfolio performed this month. 

For May 2021, we received $441.09 from interests and dividend returns. Its not the first month that we surpassed our target of $200 per month and it feels good to have reached this target again. Viewing our stocks.cafe report, we tend to receive more towards the middle of the year. Hopefully this will make up the shortfall which we experienced earlier in the year.

As we are going past the halfway mark of 2021, we continue to remain disciplined in our investment efforts.  By my rough estimates, I am confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market. Hopefully I did not compute anything wrongly and the data will back me up come December.

Share with me your thoughts and comments on such apps you guys are using! Remember to stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Check out my other stuff: LINK HERE!

SG FI Dad, out.

StashAway Report April 2021

Wow, it is already May!? Been seeing a lot of 'Sell in May and go away' memes recently. How much truth is there in these, I am not so sure, you tell me! Nevertheless, April was eventful and there is a lot to be thankful for. Even though COVID-19 seems to be flashing its fangs again with some 'active clusters' appearing, I am hopeful that we can overcome this eventually. Just grateful that everyone at home is safe and sound. Hopefully, you guys have been doing well too and staying safe!

We have diligently continued our DCA strategy with StashAway as it continues to provide us with better returns than just parking this money in our savings account. We have also been DIY on some US ETFs and counters but I will update that in another post some other time. StashAway continues to have decent returns for us albeit unrealised as we have not cashed out anything. 

I have been using StashAway since 2017 but the contribution has been on and off then. More recently, we have made it a critical component of our portfolio as it provides us exposure to the overseas market. We have 5 portfolios across 2 accounts as we like to set different goals with different timelines.

Statement as of 30 Apr 2021:

Our portfolio thus far is valued at $17,411.18. Hopefully, our StashAway portfolio remains in the green and continues performing. 

If you are interested in getting started with StashAway, you can check out my link here to sign up. We both get up to $10,000 SGD managed for free for 6 months. Win-win! 

Share with me your thoughts and comments on if you have robo-advisors as part of your portfolio! Stay safe everyone!

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Check out my other stuff: LINK HERE!

SG FI Dad, out.

Alternate Income Report: April 2021

April is done and dusted. I thought that April was eventful on many fronts. Our LO turned one and we had small gathering with family to celebrate the milestone. We are really fortunate to have these people around us who shower her with care and concern. As a football fan, we were rocked with the attempt of establishing a European Super League. I won’t go into details here but I thought it was distasteful, bad timing and overall a bad idea. The thought of having a league that does reward teams/players on sporting merit just boggles me. Okay, with that little recap out of the way, we can go into a nitty gritty details on how our portfolio performed this month. 

For Apr 2021, we received $206.75 from interests and dividend returns. Its the first month that we surpassed our target of $200 per month and it feels good to have reached a target. Hopefully the coming months will make up the shortfall which we experienced last month.

As we are inching towards the halfway mark of 2021, we continue to remain disciplined in our investment efforts. Sometimes it may be difficult to detach yourself emotionally, take a step back and examine the situation objectively. I mean, this is OUR hard-earned money. But I am thankful that we have each other to fall back on. By my rough estimates, I am confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market. Hopefully I did not compute anything wrongly and the data will back me up come December.

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!