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The New Savvy is the definitive financial and career guide for women. The New Savvy aims to empower smart, modern and independent women through meaningful content that are relevant, practical and interesting.
Regardless whether it is for business, pleasure, or both, women are taking to the skies and visiting other countries. They soak in new cultures that leads to a better appreciation of who they are.
The Department of Statistics Singapore laid out a few of the most common factors that helped propel travelling for women much easier. For one, the globalization has ushered in higher economic opportunities for Singaporeans. This resulted in more disposable income for travel. And women are taking advantage of this opportunity.
Apart from that, traveling is now easier. The infrastructure has definitely improved in the last decade or so. It helps make business travel more comfortable. Transportation hubs whether by land, water, and air are all in place to help people discover new places. It seems like the only thing left is to decide where to go and just book that trip!
This ease in traveling has led to a higher demand for travel tips for solo female travelers. Today Online shares that there was a 12% increase in the number of women traveling solo in South-East Asia. Women feel more liberated and in control of their lives – so much so that it influences their decision to explore new places. Some choose to travel alone just for the mere pleasure of doing things on their own.
Useful tips for solo female travelers
As women go on their own to travel and explore the world, here are a few sound traveling tips you can consider as you plan your next trip. There are meant to make your travels a lot more fun and safer.
Do not forget the practical items
As you plan your trip, you might be thinking about the itinerary, the accommodation, transportation routes, and other big things. However, you need to keep calm and think about the practical things as well. You might want to focus on this while you are packing. For one, do not forget to bring chargers for your gadgets. Your smartphone, tablet, and even your camera will be useless without your chargers.
Bringing an earplug could be a lifesaver especially if it is your first time to your destination. This is one of the travel tips for solo female travelers that you should never forget. You never know what is waiting for you at your destination. It can be noisy neighbors or even a street party right outside your room. These are just examples of some practical things you need to think of when traveling to another place.
Find the balance
Travelling is the perfect way to put balance in your life. Balance means leaving your fears and reservations aside to allow yourself to enjoy new experiences as you travel. However, you still need to make sure that you do not put yourself in a dangerous situation. Even if you are backpack traveler, your safety should be on top of your list.
As you explore the world around you, one of the travel tips for solo female travelers is to know your limitations. Since you are alone, it is important to always be careful. Keep in mind that these limitations are there for your safety. However, they should not hinder you from going to places that you want to visit. Trust yourself and your instincts and the adventure will soon reveal itself.
Do your due diligence
Before you head out into the unknown, it is best to conduct prior due diligence. Research the places you are going to so you know what to expect. This will help you feel more comfortable once you get there.
It can be as simple as rules and regulations unique to the area or even the dress code in the places you are going to visit. Knowing these things will help you enjoy your travel better. Having a clear idea on what to wear can even help you avoid expensive shopping habit and overcome overspending.
Knowing the area before you get there helps you plan your itinerary. You can decide on the places you want to visit. It would be helpful if you can learn some local phrases such as “thank you” and “you’re welcome!” These can go a long way in helping you connect with the locals and have a great time exploring.
Consider your interests
One of the travel tips for solo female travelers is to keep your interests in mind as you plan your itinerary. This will ensure that you will have a great time.
If you love food then be sure to check out the local food scene in the area you will travel to. In case you love photography, then keep a mental note of the best places to snap a photo. If arts and culture are your things, look up local museums and landmarks that would give you a sense of the character and history of the places you will travel to.
Do not forget to explore
On the other side of planning your trip and doing things you love is leaving room for exploration. There is nothing wrong with learning new things. You can choose to visit places off the beaten path so you can discover new places. If you are a blogger, discovering new places can be a great topic to discuss with your readers. This might be more interesting to them compared to the tourist hotspots.
The adventure will definitely increase the excitement level in your trip. Dropping your fears and letting the destination guide you might be one of the hardest travel tips for solo female travelers. However, with the right amount of sensible judgment, you can have a great time nevertheless.
Taking a snapshot of the places you visit and uploading them on your social media feed can be a great idea. It helps you remember the places you have visited as well share the same with family and friends.
However, there are times when you need to live and experience the moment. Put down your smartphone and enjoy the view. Talk to locals rather than trying to get a good shot of them on the street. There are no hard and fast rules when it comes to this but you would be able to figure that out as you go along. It is even one of the tips that you can share with other people as you get the hang of it.
There are a number of travel tips for solo female travelers that you can look into but you need to remember that safety should always be paramount. Once you keep that covered, you are bound to have a lot of fun making memories and conquering the world!
Unit Trusts in Hong Kong: Why You Should Invest and How to Get Started
Are you interested in investing in mutual funds? It is a great investment option, especially if you plan to invest in Hong Kong.
The best way to get started in this investment scheme is to know what it is all about.
According to the data provided in HKTDC.com, Hong Kong is widely recognised in Central Asia as the leading centre for fund management. In fact, the end of 2014 showed that the fund management business grew to US$2.27 trillion – a 10.5% increase from 2013.
Assets managed by private banks are worth US$397 billion. As of June 2015, there are 2,063 unit trusts in the region. These are all authorised by the SFC or Securities and Futures Commission.
But what exactly are mutual funds?
Think of it as a company. Also known as unit trusts, this investment scheme gathers a group of people with shared interests who will pool their money together. The fund that will be created will be invested in shares, bonds, and other investment schemes.
All the members of the company will own it since all of them invested in the fund. The “company” is headed by a fund manager who decides the specific securities that they will invest in.
There are three ways that the unit trust can make your investment profit.
The first is through the growing value of the dividends (shares) and the interest from the bonds. When the fund profits from the investment, it is paid out to the investors through a process of distribution.
The second way that you can profit from mutual funds is through the capital gains from sold securities. Sometimes, if the fund manager deems it to be beneficial based on market trends, they will decide to sell securities and the gains from that transaction will be paid off to the investors – again through distribution.
The third-way unit trusts can profit is when the shares of the fund increase in price. If the fund, in general, grows in value, you can opt to sell your shares of the mutual fund for a profit. You can use that gain and invest it in something else.
Your investment will be managed by a professional.
Fund managers usually have 3 to 5 years of experience in managing investments, specifically in identifying what is risky and profitable. These professionals are trained to review the market and decide which investment strategy will give the most profit.
Their experience will also help them access the information that will help them make smart decisions about the unit trust.
You have access to international investments.
Regardless if you are a first-time investor or a veteran, mutual funds can provide you with a global investment opportunity. Of course, this will depend on the unit trust you will invest in. But it should be easier for you to invest in the international market because an experienced fund manager is handling the specific investment decisions.
You can easily liquidate your investment.
In case you need to liquidate your investment, you can easily do so by selling your mutual fund or trade it. This happens every day, so you have the option to do it anytime there is a need – or when it suits your investment goals.
Your investment will be diversified.
The final benefit is diversity. Mutual funds are invested in several securities – often around 50 in all. The fund manager will invest in shares, bonds, and other money-market instruments. He or she can offset losses from some shares with those that have huge gains in the market.
Tips when investing in mutual funds for the first time
To get started on mutual fund investing, here are the important things that you need to do.
Before you do anything, make sure you know your investment goals and the type of risk your finances can take. This will help you choose the right investment scheme. In general, mutual funds give a moderate return with a low risk.
Knowing your goal will also determine if you will invest in a short-term or long-term capital gain. Usually, long-term investments will give the most return – but how long can you let your finances tied to that fund? If it is to be used for retirement, a long-term gain is advised.
Decide the type of fund you will invest in.
By understanding the risk tolerance and investment goals, you can narrow down the 2,000 mutual funds available in the market. If you are after short-term gains with a steady income source, mutual funds from government or corporate bonds will suit you best.
There are funds that focus on specific industries while there are those that invest in different sectors. Choose based on your specific risk and goals.
Compare the charges and fees.
Obviously, fund managers have to earn and they do that through fees – or front-load fees. This is like a sales commission based on the profit gained by the mutual fund. The front-load fee is usually a percentage of the Net Asset Value (NAV) price of the fund.
Take note that buying and selling can also be charged with fees – so make sure you understand the costs you will encounter with every fund manager. It is important to assess the ratio of the cost to the intended gain of the mutual fund.
Evaluate fund managers.
According to the data provided by the Securities and Futures Commission, a good fund manager should have sufficient resources for financial, technical, and manpower needs.
Not only that, they should have the right amount of experience and a reputation for integrity and honesty. Look for fund managers from the website of the SFC to find the right professional to manage your investment.
Although mutual funds are managed by a professional, it is important for you to keep your eye on the market. Read about the industries that the fund is investing in. While the fund manager decides on the specific securities to invest in, it is up to you if you want to buy or sell your shares from a mutual fund.
As you go through the results of your search in Amazon, intending to buy that one dress you need for next week’s event, you end up filling your shopping cart with stickers, books, and a week’s worth of office and casual clothes.
Walking around that mall that just opened to check out which shops are there and to window shop, not intending to purchase anything, you end the day with your two hands clutching three or more shopping bags from different shops. Sound familiar? You’re not alone!
This is why we have to put more conscious effort into trying to beat the temptations and our tendencies to go swipe our credit cards more often than we planned on doing. Start with some of these ways to avoid overspending.
Financial advisors might make out finances quite easy for us, but there are still advantages when you regularly plan your budget on your own. But if you are one of those whose part of problems is giving in to the temptation of shopping and spending, we strongly recommend that you really do this.
Determine the stressor that causes you to binge-shop.
When people go shopping more often than they actually need, it is usually to cope with an extreme feeling or stress. And how do you get over such short-term solution (that would also result in more stress and problems in the future)? Identify the problem!
Once you know what pushes you to spend your cash and use your credit card to make yourself feel better, then you know when to watch out and exert extra effort to control yourself.
Try distracting yourself and develop new habits or try out new hobbies that you can do so that you do these instead of shopping in times of trouble and stress.
Start by paying your debts from smallest to largest.
Some may think this counter-intuitive but do hear us out on this one. At first glance, it makes more sense to pay the biggest debts; after all, these ones have the greatest impact on us, and they require much more time and investment to pay back.
But such thinking does not take into account an important aspect of saving, paying debts, and handling finances in general – the psychological aspect.
Why start with the smallest debts, a method also called “the snowball approach”? This is mainly because you are more likely to finish paying them off completely more easily and faster. And that matters because more than how much you owe, what is more, important to attain being debt-free is keeping the motivation to pay debts off regularly and continuously.
These victories of crossing out even the smallest debts from your list are great motivators for just that. This isn’t just a made-up advice either; such claim is supported by a study done by Kellogg researchers.
Develop shopping techniques.
What we mean by this is whenever you feel the urge to spend, it is a good idea to talk and ask yourself some questions: Do you really need this or do you just want this? Of course, this is easier said than done, but the key is to program your mind into being disciplined.
The first step here is understanding how the brain works. Did you know that stores and shopping malls have tactics of their own to make you spend more than you need?
From colours they use to attract you and your attention to the strategic placing of their stores, you end up passing by more stores than necessary and therefore, browse through more items.
This is why you will have to learn techniques of your own to not be fooled by their manipulative ways. Start by avoiding to window shop and more importantly, touching items that catch your attention.
A psychological study shows that when you touch an item, you are more likely to impulsively buy it. This is because when you do so, you unconsciously spark a relationship or an attachment between your brain and the object.
It also helps to ask yourself “what are you grateful for?” whenever you feel like spending and shopping again. You might be wondering how such a practice can help, so best take the proof from an actual research from Northeastern University.
According to the study, people who wrote down what they are thankful for are shown to have more willpower and self-control than those who didn’t.
Organize your room & workspace
If you want to reprogram yourself to save more and spend less, you should start with a clean slate. List down all the things you own, organize them, and throw out those you don’t need. You are pretty much hitting the ‘restart’ button on your brain.
This makes a lot more sense if you bring to mind the two benefits of cleaning and decluttering your workspace; first, you are able to see what you already have and don’t need to buy again, and second, you will be able to determine the kind of stuff your purchased but don’t really use and therefore, don’t need to buy again.
It helps to categorize your stuff into four main categories: the things you need, sometimes need, want, and clutter (those you neither need nor want and have no use for). Remember to try to be as honest as you can when you do this.
In times of doubt, ask yourself: when was the last time I used this? If it’s only gathering dust on your shelf, throw it to the clutter bunch. It may be difficult, but you will have to bid goodbye to these things, even those with sentimental value.
It helps to mentally say “thank you” for the times these things have been useful and memorable in the past.
Once you are done with that, go back to your Clutter list. Try to remember how much you paid for these things. This way, you realize the cost of buying unnecessary items that clutter your space and eating up potential savings. Look at the total and realize that even cheap items, if accumulated, are actually worth a lot.
Bạn muốn quản lý tài chính của mình nhưng không biết bắt đầu từ đâu? Năm nay mình đã tới “thời” chưa? Làm sao để phát huy hết tiềm năng của mình?
Chúng ta sẽ có dịp giao lưu cùng những người thành công đầu ngành chia sẻ kinh nghiệm để tạo khác biệt. Các bạn là một phần không thể thiếu trong cộng đồng người trẻ biết nắm bắt cơ hội và hỗ trợ người khác trên con đường đạt đến độc lập về tài chính.
The New Savvy là một diễn đàn phụ nữ thảo luân và giáo dục về các chủ đề tài chính, đầu tư và nghề nghiệp hàng đầu châu Á. Chúng tôi tạo động lực cho phụ nữ đưa ra những quyết định tài chính thông minh hơn, thay đổi tích cực quan điểm về tiền bạc và nâng cao sự nghiệp.
Hãy tham gia sự kiện ra mắt The New Savvy Vietnam tháng 8 này để biết cách từng bước tự nâng cấp bản thân.
9:30: Đăng ký
10:00: Phát biểu khai mạc
10:30: Thảo luận chuyên đề
11:30: Giao lưu khán thính giả, hỏi & đáp và tiệc nhẹ
Chúng tôi đã mời được một đội ngũ diễn giả hàng đầu là những doanh nhân nổi tiếng từ các tổ chức tài chính, đầu tư và các nữ doanh nhân thành đạt đến chia sẻ, thảo luận trong sự kiện:
Nguyễn Thị Kim Oanh, nhà sáng lập chuỗi nhà hàng Wrap & Roll, Phó Chủ tịch Redwok
Nguyễn Thị Kim Oanh là người sáng lập chuỗi nhà hàng Việt Wrap & Roll, với phong cách cuốn và gói truyền thống của người Việt. Wrap & Roll mang đến trải nghiệm ẩm thực độc đáo cho khách hàng qua việc trân trọng văn hóa chia sẻ trong bữa ăn Việt. Chìa khóa thành công của thương hiệu là phục vụ nguyên liệu luôn tươi, món ăn chất lượng và địa điểm thuận tiện cùng đội ngũ nhân sự thân thiện được đào tạo chuyên nghiệp. Thành công của Kim Oanh cùng với sự công nhận của công chúng về chất lượng của chuỗi nhà hàng Wrap & Roll tạo điều kiện cho cô được chọn là một trong những giám khảo của cuộc thi đầu bếp MasterChef Việt Nam.
Kim Oanh khởi nghiệp từ năm 17 tuổi, công việc đầu tiên của cô là làm việc trong một công ty liên doanh nước ngoài trước khi giúp chồng xây dựng lại Sudest-Dong Nam Production, hiện là hãng sản xuất phim hàng đầu tại Việt Nam. Tiếp nối thành công này, Kim Oanh quyết định khởi nghiệp kinh doanh trong lĩnh vực ẩm thực với cửa hàng Wrap & Roll đầu tiên ra mắt năm 2006. Mười năm sau, Mekong Capital rót khoản đầu tư 6,9 triệu USD vào công ty của cô với tầm nhìn mới « Wrap&Roll nơi khách hàng ưa chuộng món Việt mỗi ngày ». Tên Công ty được đổi thành Redwok Investment với chiến lược đầu tư và phát triển thêm những chuỗi nhà hàng mới cho các phân khúc khách hàng khác nhau tại Việt Nam.
Phan Lê Hòa, từng là Phó Giám đốc Đầu tư tại Temasek, CFO Tập đoàn Novaland, hiện là COO – BW Industrial Development JSC
Phan Lê Hòa là Giám đốc Vận hành (Chief Operation Officer) của BWID, phụ trách Tài chính, Đầu tư, Pháp lý và Nhân sự/CNTT/Hành chính. Trước BWID, ông là Giám đốc tài chính của Novaland và chứng kiến sự tăng trưởng đáng nể của Novaland từ một doanh nghiệp nhỏ năm 2013 thành một trong những nhà phát triển bất động sản niêm yết lớn nhất tại Việt Nam vào cuối 2018. Với hơn 18 năm kinh nghiệm làm việc tại Việt Nam và Singapore đã giúp Ông phát triển sự hiểu biết sâu sắc của mình về đầu tư, vốn cổ phần tư nhân, quản lý quỹ và tài trợ bất động sản. Trước đó, Ông đã đóng góp 8,5 năm làm việc cho Temasek Holdings tại Singapore, chịu trách nhiệm về các lĩnh vực khác nhau bao gồm viễn thông, cơ sở hạ tầng, tiêu dùng và bất động sản. Ông tốt nghiệp MBA của Viện Quản lý Châu Á, Philippines.
Bùi Việt Hà, Nhà tư vấn phong cách thời trang, Styleline | MD
“Thời trang luôn là tình yêu đích thực của tôi. Ngay từ lần đầu tiên thấy ảnh của Cindy Crawford trên tạp chí Vogue và lần đầu tiên tôi góp mặt trên sàn catwalk Tuần lễ Thời trang Việt, tôi đã biết duyên tình với thời trang sẽ theo tôi đến cả cuộc đời. Sang San Francisco để học Phát triển Sản phẩm Hàng Thời trang (Merchandise Product Development in Fashion), tập trung vào kiến thức thiết kế may mặc, nguyên lý phối màu, đặc tính các loại sợi và vải. Giờ đây tôi tìm thấy niềm hạnh phúc khi được giúp người khác tìm ra phong cách của riêng họ rồi hoàn chỉnh nó. Tôi nhận ra đam mê của mình là giúp mọi người có được sự tự tin khám phá phong cách riêng, đó là kết nối độc đáo giữa tính cách và hình thể cá nhân.
Với kinh nghiệm gần hai thập kỷ làm người mẫu và MC trong ngành giải trí, giám đốc điều hành công ty thương mại và thời trang cưới đã cho tôi cái nhìn sâu sắc về những chuẩn mực mà hầu hết nữ và nam cần có để mặc đẹp, chỉnh chu mà không kém phần thoải mái, tỏa sáng mọi nơi, mọi lúc. Hãy giữ cho phong cách tối giản cổ điển và tinh tế, kết hợp với một chút phá cách của xu hướng là bạn khó có thể lệch “chuẩn”. Mọi người đều xứng đáng để tự hào về vẻ đẹp của riêng mình, và tôi tin rằng ai cũng có thể sở hữu một phong cách cá nhân độc đáo cho dù bạn là ai và vóc dáng bạn thế nào.”
Mina Chung, Đại sứ The New Savvy Vietnam, từng là Quản trị Sản phẩm/APAC – The Bank of New York Mellon
Mina Chung là Đại sứ Việt Nam của The New Savvy. Cô có hơn 12 năm kinh nghiệm làm việc ở Châu Á, bắt đầu sự nghiệp tài chính ở Hồng Kông với một ngân hàng toàn cầu Mỹ – The Bank of New York Mellon. Cô thể hiện năng lực công tác ở nhiều lĩnh vực từ quản trị kinh doanh, quản lý sản phẩm và hỗ trợ nhiều nghiệp vụ ngân hàng khác như Thanh Toán toàn cầu, Phát hành Cổ phiếu và trái phiếu nước ngoài, Lưu ký… Ban đầu, Cô quản lý toàn bộ hoạt động kinh doanh thị trường Việtnam của The Bank of New York Mellon, và tiếp tục mở rộng quản lý quan hệ khách hang và dòng sản phẩm ra khu vực Châu Á Thái Bình Dương. Với bề dày kinh nghiệm ngân hàng và quan hệ rộng với nhiều tổ chức tài chính khu vực trong nhiều năm, Cô đã nắm bắt cơ hội trở lại Việt Nam khai phá các lĩnh vực kinh doanh khác nhau như quản lý quỹ, truyền thông, giải trí và tự doanh. Kinh nghiệm quý giá trong nhiều lĩnh vực công tác đã mang lại cho cô nhiều kỹ năng, kiến thức đa dạng và đặc biệt kỹ năng về con người. Cô tốt nghiệp Cử nhân Khoa học, chuyên ngành Tài chính Doanh nghiệp và Dịch vụ Tài chính – Đại học bang San Francisco, Hoa Kỳ.
Anna Haotanto – Tổng Giám Đốc The New Savvy, thành viên hội đồng sáng lập Hiệp hội FinTech Singapore
Anna Haotanto là CEO của The New Savvy. Cô là thành viên của ủy ban sáng lập Hiệp hội FinTech Singapore và là một trong những lãnh đạo Ủy ban Đối tác và FinTech cho Nữ giới (Women In FinTech and Partnership Committee). Anna là Chủ tịch của cựu sinh viên nữ Đại học Quản lý Singapore (Singapore Management University – SMU). Anna có các khoản đầu tư và tham gia hội đồng quản trị của một số công ty khởi nghiệp.
Anna có 10 năm kinh nghiệm trong lĩnh vực tài chính bao gồm quản lý tài sản, vốn cổ phần tư nhân, nghiên cứu phát triển cũng như dịch vụ ngân hàng doanh nghiệp và đầu tư. Cô là Thành viên HĐQT Tera Capital, một công ty đầu tư tư nhân có các khoản đầu tư vào Trung Quốc, Singapore và Hoa Kỳ. Cô đã từng giữ một số trọng trách tại Citigroup, United Overseas Bank, quản lý khu vực cho Business Monitor và một công ty cổ phần tư nhân bán lẻ có trụ sở tại Thượng Hải.
Anna được trao giải Sinh viên Hàng đầu (Salutatorian) cho khóa học Ngân hàng tư nhân UOB-SMU. Cô cũng hoàn thành khóa học FinTech của Học viện Công nghệ Massachusetts (MIT).
Anna tiên phong thành lập Hội Cựu Sinh viên Nữ Đại học Quản lý Singapore sau khi tốt nghiệp chuyên ngành Tài chính và Tài chính định lượng và Trường Hwa Chong Junior College.
Cô được đề cử và chọn tham dự Hội nghị Phụ nữ Quyền lực nhất FORTUNE 2016 (Châu Á) và 2015 (San Francisco, Thế hệ Tương Lai), và là gương mặt tiêu biểu được giới thiệu trên CNBC, Channel NewsAsia, Forbes, The Straits Times, Reuters Money, Business Insider, The Peak, Tech In Asia, Tatler, INC, The New Paper, The Edge Singapore & Malaysia, Oxford Said Business School, AsiaOne, Singapore Computer Society, Vulcan Post, e27, eFin financeCareers, Her World, Singapore Women Weekly, 8Days, Asian Entrepreneur và Đại học Quản lý Singapore.
In the financial world, Exchange Traded Funds (ETFs) are like the new kid on the block. The new, ambitious, entrepreneur-y -type kid. It’s like it came out of nowhere and disrupted the market. Unfamiliar with the term? Here’s all you need to know to be familiar with it.
ETFs have been around for some time. However, they grew in popularity at an incredible rate since 2006. Mutual funds – long touted as the safe and default option for new and old investors alike – are now second in popularity. Guess what took the first spot? Yes, ETFs.
What made ETFs so popular? Here are the 3 amazing benefits.
ETFs Make Diversification Easy
Have you heard the phrase ‘Don’t put all your eggs in one basket’? Of course, you have.
In investing, this means that you shouldn’t focus on just one investment vehicle. Even if you are confident in the potential performance of a type of investment option (let’s say, stocks), you should still invest in something else, just in case you were wrong. You don’t want to lose everything.
ETFs cover indexes of stocks, commodities, bonds (and other stuff – we’ll get to that in a bit) on a macro level. This means that when you invest in ETFs, you get the whole coverage in that category.
ETFs are amazingly adaptable to customer appetite and demand. Their categories can be incredibly wide or incredibly niche. They can also cater to the fast-paced market trends and short-lived market demands.
This means that there is probably an ETF (or two) out there that will be the perfect addition to your investment portfolio, at any given time, at any investment strategy.
So we mentioned that ETFs can cover indexes, stocks, bonds, and commodities. They can also track currencies, real estate, specific industries, and regions. Furthermore, you can also get ETFs formulated based on investment strategies and investment styles.
Yes, you can get ETFs that cover stocks only from ethical companies, if you wish. Or only pharmaceutical companies.
ETFs categories keep expanding as we speak – you can check out one version of ETFs categorisation here.
ETFs Have Low Entry Cost
Due to their nature, most ETFs are passively managed, as opposed to actively managed investment options like mutual funds and stocks. Actively managed investments require the active supervision of a fund manager, therefore they are more expensive. As a result, most ETFs have lower fees.
Furthermore, ETFs are also great value for money. With a relatively small sum, the individual investor can cast her net into a whole category or sector, without paying individual fees for each of the asset included in that ETFs.
Downsides of ETFs?
ETFs are an undeniably attractive option for the individual investor. Their popularity will continue – expect more ETFs trends and exciting categories in the future.
If you are interested in ETFs, you should get familiar with how mutual funds and stocks work, since ETFs have similar qualities to both options, and you can apply some of those strategies to strengthen your investment game plan. A good place to start is The New Savvy’s Investment page.
ETFs options are also most concentrated in the United States – so we urge you to carefully sift through the available information on the internet so that you don’t mistakenly apply the wrong regulations in Singapore.
That said, you should definitely look at ETFs as an option, due to the above benefits they can offer.
Sometimes, the money you currently earn just isn’t enough. However, simply juggling more than one job can be difficult. Most jobs require you to work a minimum number of hours and travel to the location which can be challenging when already committing to a 9-5 job, school studies or as a stay at home parent. However, with a little bit of know-how and some creativity, you can discover easy ways to make money around your own schedule and from the convenience of your own home!
1. Rent Your Things
Do you own numerous items in your house but find that you don’t even use half of what you have stored? Look around your home. If you haven’t used an item for over a year or think that you will never use it again, it’s time to give a better use of it! Rather than completely selling your items, simply give it away for the time being. Renting out your items not only allows you to open space in your home, but you can also make some money while you’re at it! Rent household items that you no longer need such as musical instruments, toys, sports equipment and even clothes. Websites such as The Volte, is your solution to dealing with designer dresses that you’ve worn to a one-time formal event. The website allows you to easily manage your dress listings and rent to people within the online community marketplace, increasing your wardrobe space whilst making a buck!
2. Online tutorials
Do you have a special skill or expertise in a topic that you’re passionate about? Use this to your advantage by teaching other people. You can gain money by teaching your skills to people online via online seminars or uploading videos to free viewing platforms such as YouTube. If you’re more on the academic side of things, you could consider becoming an online tutor for primary or high school students.
Another way of showcasing tutorials is by creating a monetised blog where you can share ideas, discussions and tips and tricks of your interested topic. If you’re more into the artsy side of things, platforms such as Patreon is a great way to share tutorials on the process of completing major projects. All entertainment creation such as craft making, photography, filming, music production and creative writing can be shared onto the platform where you can earn money for every subscription to your page. Ensure to create and upload consistently high-quality content that is useful and interesting.
3. Become a caregiver
Do you have a nurturing personality where you naturally give care and attention to others?
Than caregiving might be right up your alley! Taking care of children or pets is a great way to make money from your home, whilst enjoying the company at the same time. It will be helpful if you hold prior experience of caring for children or animals. If you don’t, ensure to do your research and complete training sessions before undertaking your caregiving job. You must also ensure that you have a home environment that is suitable and appropriate to the needs of kids or pets.
4. Start a catering service
Do you have a knack for baking treats or making delicious food? A great way to serve your community and share your delicious cuisine is by starting a catering service. You can make baked goods and desserts for events such as birthday parties, bridal and baby showers or wedding function. You may also like to supply catering services for family household celebrations or even provide food for individual lunches or dinners.
5. Conduct classes
Tutoring doesn’t only have to be limited to education. You can hold classes in any skill that you possess and hold expertise in. The classes can be in relation to creative arts, textiles, music, fitness, mechanics or even culinary skills. Since you can conduct the classes within your own home, you must ensure that you have sufficient facilities and resources that will support the sessions and the number of people that will be attending.
6. Data entry
Companies are increasingly looking for people to fill the position of data entry and administration, where the tasks can be completed from the convenience of your own home! Simply with access to a computer and internet connection, you can become a data entry clerk and not be required to travel to the company’s office. As a data entry or admin clerk, can work around a flexible schedule and not require any specific qualifications or experience to complete the job
Whether you are a stay-at-home mother, student, or just looking to make cash on the side of your day-to-day, job, finding ways to earn money at home can be easier than you first thought. The more you earn, the more you can invest into other aspects of life that need it the most. What tips will you use to make money from home
With rising difficulties in earning an income through employment, an increasing number of people are looking for sources of passive income. Millennials are no exception, as they are facing a rising unemployment rate for college graduates.
For instance, the full-time permanent employment rate for NUS graduates have declined significantly since 2013 for a number of majors. It is no wonder they are interested in ways to earn a passive income outside of the traditional career path.
Here, we provide a few key points for adventurous young adults who are tipping their toes in the investing world.
Start Early, Even If It’s Small
The first rule of investing is that time is one of the best friends you can have in generating returns. This is because of a concept called compounding returns. Compounding interests allow your money to earn money for you over time, which can be exponential as time passes. Consider our example below.
We compare two people who invested $10,000 with no additional investments and earned a 10% return every year. The only difference between the two people, however, is that Person 1 began investing at age 20 and Person 2 began at age 30.
By age 65, Person 1 has more than double what Person 2 has, thanks to 10 extra years. It’s like what Warren Buffett said: the best thing you can do for your retirement savings is to start investing early.
Therefore, millennials in Singapore (and anywhere else) should start investing as early as possible, even if it’s a small amount. Doing so can help you learn from small mistakes that won’t ruin you financially forever, and also benefit from the long time frame over which you can compound your wealth.
This point is especially important given the lack of capital gains tax in Singapore. Unlike your normal income, the gains you get from investing is not taxable in Singapore. Therefore, you can trade all you want and benefit from each and every dollar you earn on your stocks, options and bonds.
Contrary to the common belief that investing conservatively is the best way to increase wealth, we actually believe young investors should be investing aggressively. This means that they should be exploring international markets to find great investments, and employing leverage aggressively to boost their returns. This second concept is worth expanding on.
Two scholars at Yale published a study that concluded that “by employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time.”
Essentially, what they mean is that, because most people only have a lot of money invested when they are old, they are actually heavily underinvested when they are young. Most people don’t have the long run, and therefore not a lot of stocks.
However, it’s better for any investor to be exposed to the stock market for a long time since short exposures can make one vulnerable to years like 2008. Therefore, it actually is advisable to borrow to invest in stocks when they are young and only have a few thousand dollars in the market.
There are a few ways that a millennial investor in Singapore can achieve this: options and CFDs. Both offer ways for investors to make more than they otherwise would from a pure stock play, though they also come with some possible downsides. If you are interested in how to use leverage smartly, you can read our guide here.
Don’t Rely On Traditional Financial Advisors
The second rule of investing is that you should always buy only what you know. This means you have to understand what an investment is truly worth.
Instead of asking questions like “will Facebook’s stock go up in the next month or so?,” you should be asking questions like “how does Facebook make money,” “how defensible is its income stream if a competitor tries to take away its market share?” and “what should Facebook be ultimately worth in the long run?”
You should try to learn about the stocks, ETFs and bonds that you are purchasing, and make calculated decisions to purchase based on a sound logic around what you are paying, how much you can earn if you are right, and how much you can lose if you are wrong. “Do-It-Yourself” is a mantra that doesn’t just apply to home improvement projects anymore.
Of course, this can be a rather steep learning curve for most people, though it’s one well worth climbing. Instead, many might be tempted to blindly follow recommendations offered by traditional financial advisors who sell different funds and stocks to them.
However, this is usually not a good idea. Financial advisors make money by selling you things, not by helping you make money. They also tend to come with a rather high commission rate. Instead, for novice investors who aren’t yet comfortable with picking their own stocks can look for robot advisors that provide a decent amount of diversification with very low fees while they learn how to invest.
At the end of the day, the goal of investing is to make money. And to do so, the most important thing to do is pick the right investments.
Therefore, it is always a good idea to start making the effort to learn how to invest well when you still have a lot of time left. Starting early is an efficient way of providing both an opportunity learn through small mistakes and a chance to let time create wealth for you.
Super Hacks For Cyber Shopaholics: How To Save Money When Shopping Online
The Internet has provided us with a lot of conveniences; with just a few clicks or taps, you can communicate with your friend living on the other side of the world. You can meet new people, get a job and do your work, and of course, do your regular shopping.
But many do not know that you can make the most of your time and money whenever you shop online.
Stick to sites with free shipping.
Not sure what size would actually fit you? This would not be too much of a problem if you opt for free-shipping online shopping sites. This way, you can buy a certain product in more than one size, try them on, and return those that don’t fit well. Just don’t forget to check out the website’s return and exchange policies.
More than that, that $10-20 shipping fee can be used to buy another item or two instead, and if you do a lot of online shopping, these shopping fees combined could actually amount to a lot more.
If there are specialized online shopping sites that you religiously follow but do not give out free shipping, then make sure that you make the most of every shipping fee you pay for. Instead of purchasing from these websites in ones or twos, it would be a better idea to buy in bulk once every after few months, depending on the kind of items.
Use coupons or promo/discount codes.
Just like Grab promo codes can lower the fare you pay for significantly, discount codes and other promo codes (such as free shipping codes) can also deduct a couple of dollars to even half of your total bill. This is why it might be a good idea to track your favorite online shopping sites’ news, updates, and social media pages and take not of their the newest promo and discount codes.
If the website provides an option to talk to or chat with a representative of the company, don’t just ignore that; rather, use this opportunity to ask for new codes that you might not have known from anywhere else.
Benefit from the filter features of the shopping websites.
No need to go through those items beyond your shopping list or torture yourself seeing those designs you love but don’t have your size.
Other than saving time because you can find what you are looking for more easily with filters, it also means you are less likely to put items on your shopping lists that you did not really intend to buy in the first place.
If you are unsure about buying certain items, like/put on a shopping cart or wish list without purchasing.
This provides leeway for you to rethink whether or not you really want or need these items and therefore, avoid binge shopping and overspending.
On top of that, you might also get discount offers for these specific items you left on your shopping cart. Consider as well, however, the possibility that these items may sell out, especially if they are already on sale.
Don’t be fooled by the ‘sale’ hype.
Some shopping websites, like other actual shops, actually have a way of cheating you into binge buying their products under the illusion of “sale”. How do they do it? They inflate the prices of the items so that when they do their “big sales”, they don’t really lose; the “discounted” price is actually just the original price. Don’t be a victim of this and follow up with the next step…
Do your research.
Trying out a new online shopping app or site? To make sure they are authorized to sell or ‘legit’ and to avoid scams, it might be a good idea to research first and check other shoppers’ experience of these shops.
Researching is also a good way to avoid being a victim of fake sales/discounts and to see which shop offers certain products at the lowest prices. Google can do the job, but you may also want to try out using apps like Price Grabber which will come in handy when online shopping.
Buy discounted gift cards.
No promo or discount codes available? No problem! Another option is to purchase discounted gift cards (e.g. $20-worth gift card sold for $17 or less) can save you a couple of bucks! Try visiting websites like Cardpool and GiftCardGranny for these gift cards.
Consider using your debit card instead.
There are actual pieces of evidence and studies on why people who mainly use a credit card when shopping tend to spend more than those who use cash; for one, it is much less painful to swipe our credit cards than to pick the bills from our wallets and pass it to the cashier. But when it comes to shopping online, we don’t always have the option to pay with cash when our products are delivered to our doorstep.
But that doesn’t mean there isn’t any other choice; for one, you can use your debit card so that your actual money is used rather than credited debts. You might also want to consider setting up a Paymaya or Paypal accounts; this way, you can simply transfer a certain amount of money to these accounts and avoid spending more than you plan or intend to.
Not only will this step help save you from yourself – particularly, your shopaholic self, – but it can also aid you in avoiding scams and continuous unwanted charges on your credit.
Women, Career & Money: Fearless Living & Financial Independence
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The New Savvy Vietnam Chapter Launch Event – Friday, August 16th 2019
Are you ready to take control of your finances but don’t know where to start? Is 2019 the year that you take your career to the next level and take action to reach your full potential?
We will hear from industry leaders who, just like you, chose to make a difference and never looked back. Be a part of a growing community taking control and supporting others in their journey towards financial independence.
The New Savvy is Asia’s leading financial, investments & career platform for women. We empower women to make smarter financial decisions, transform your relationship with money and supercharge your career.
Join us for our launch event this August 2019 to find out how you can take steps to be the best version of yourself.
We have an exciting lineup of accomplished panellists from several financial institutions, investments, and successful women entrepreneurs to share their knowledge.
Nguyen Thi Kim Oanh, Founder Wrap & Roll Chain, Vice Chairman of Redwok
Kim Oanh Thi Nguyen is the founder of Wrap & Roll, a contemporary Vietnamese restaurant chain with a focus on the Vietnamese dining style of wrapping and rolling. Wrap & Roll offers a unique dining experience for customers to cherish the Vietnamese dinning concept of sharing. Key to their success is serving the fresh ingredients, quality dishes and convenient locations in addition to a well-trained team providing friendly service. Kim Oanh’s success with Wrap & Roll and recognition of its quality has also led her to be appointed as one of the judges of MasterChef Vietnam.
She started her career at the young age of 17, first working for a foreign joint venture company before helping her husband to rebuild his company, Sudest Dong Nam Production, which is now a leading film production house in Vietnam. Following this success, Kim Oanh decided to start her own business in the food and beverage (F&B) sector with Wrap & Roll first store launched in 2006. In 2016 Mekong Capital has invested $6,900,000 in Wrap and Roll Restaurant Joint Stock Company with a vision « Wrap & Roll is our customers’ everyday-favorite Vietnamese restaurant ». The Company name was changed to Redwok Investment with its strategy of developing and investing into new restaurant chains to address different segments of the market in Vietnam.
Phan Le Hoa, Associate Director – Temasek, Group CFO – Novaland, and currently COO – BWID
Phan Le Hoa is the Chief Operation Officer of BWID, in charge of Financing, Investment, Legal and HR/IT/Admin. Prior to BWID, he was the Group CFO of Novaland and oversaw the significant growth of Novaland from a small business in 2013 to one of the largest listed real estate developers in Vietnam by end 2018. He has more than 18 years of experience working in Vietnam and Singapore. His work experience has allowed him to develop a deep understanding of investment, private equity, fund management, and financings for real estate. Previously, Hoa spent 8.5 years at Temasek Holdings in Singapore, responsible for various sectors including Telecoms, Infrastructure, Consumer and Real Estate. He graduated with an MBA from the Asian Institute of Management, Philippines.
Bui Viet Ha, Style Coach from Styleline | MD
Fashion has always been my one true love. From the first time I saw the picture of Cindy Crawford on Vogue, and the first time I was on the catwalk for Vietnam Fashion Week, I knew the love affair would last a lifetime. Move to San Francisco from Vietnam for my degree of Merchandise Product Development in Fashion, focus in apparel design, fabrication and color theory. Now, I enjoy nothing more than helping others find and curate their own style. I found my passion is helping people gain their confidence to discover their own style, one that uniquely bridges their personality and body type.
My background of nearly two decades in the entertainment industry as a model and MC, professional life as a CEO of a production house for commercial and a bridal boutique, afforded me great insight into what most women and men need to be well dressed and comfortable to be themselves in a variety of settings. Keep things classic and sophisticated, with a dash of trend, and you can’t go wrong. Everyone deserves to feel great about how they look, and I believe great style can be achieved on any budget, with any silhouette, for any lifestyle.
Mina Chung, APAC Network/Product Management – The Bank of New York Mellon, Singapore, and currently The New Savvy Vietnam Ambassador
Mina Chung is Vietnam Ambassador for The New Savvy. She has more than 12 years of working experience in Asia, started with her banking career with a global US bank, The Bank of New York, in Hong Kong. She had been in different functions from sales, product management, and supporting different lines of businesses namely Treasury services, Depository Receipts, Custody business at the firm. She initially managed the overall Vietnam business for the company, then expanded to covering the Asia Pacific region in her product role. While in banking segment and establishing regional financial institution network for many years, she had a chance to return to Vietnam venturing into different fields such as fund management, media, entertainment and sole-proprietorship. The valuable experience in different fields gave her exposure to different skill sets, various industry knowledge and people diversity. She received a Bachelor of Science, concentrating in Corporate Finance and Financial Services from San Francisco State University, USA.
Anna Haotanto – The New Savvy, CEO & founding committee of Singapore FinTech Association
Anna Haotanto is the CEO of The New Savvy. She is part of the founding committee of the Singapore FinTech Association and heads the Women In FinTech and Partnership Committee. Anna is the President of the Singapore Management University Women Alumni. Anna invests and sits on the board of a few startups.
Anna has 10 years of experience in the financial sector including wealth management, private equity, research as well as corporate and investment banking. She was a Director at Tera Capital, a private investment firm with investments in China, Singapore and the United States. She has held positions at Citigroup, United Overseas Bank, a regional role in Business Monitor and a boutique private equity firm based in Shanghai.
Anna was awarded Top Student (Salutatorian) for UOB-SMU Private Banking course. She completed the Massachusetts Institute of Technology (MIT) FinTech course.
Anna spearheaded and founded the Women Alumni group at Singapore Management University.She graduated from Singapore Management University (Finance and Quantitative Finance), Hwa Chong Junior College.
She was nominated and selected for FORTUNE Most Powerful Women conference in 2016 (Asia) and 2015 (San Francisco, NextGen), and has been featured on CNBC, Channel NewsAsia, Forbes, The Straits Times, Reuters Money, Business Insider, The Peak Magazine, Tech In Asia, Tatler, INC, The New Paper, The Edge Singapore & Malaysia, Oxford Said Business School, AsiaOne, Singapore Computer Society, Vulcan Post, e27, eFinancialCareers , Her World, Singapore Women’s Weekly, 8Days, Asian Entrepreneur and Singapore Management University.
Many of us were probably used to hearing about the different aspects of our lives – social, financial, career, family, etc. While we usually think of these separately, one cannot deny that major events in any of these aspects can affect the others, especially the financial one.
When we do encounter such happenings, it is almost always a must to take have a second look at your financial plans. As Benjamin Franklin once said, “by failing to prepare, you are preparing to fail”.
Are you wondering when you should be adjusting your budget and rethinking financial decisions? If so, take note of these life-changing moments that will impact your investments.
It is not always the easiest, but it is better to make the necessary adjustments and preparations even before problems start to arise, especially when you are anticipating major changes in the future.
Expecting a new member of the family
Why you need to prepare for it: There’s a reason why everyone keeps on emphasizing the importance of family planning, and that is the undeniable fact that having and raising a child is expensive. You are no longer just responsible for yourself – a life of another now also depends on you. While you can make it through the rest of the month with little food, the same cannot be said of a hungry, wailing infant. So if you are expecting, you might want to modify your future financial plans accordingly, if you have not yet.
Step/s to take:
Allot budget for education early on.
Diapers, milk, and other necessities are one thing, but education is another. The latter is undeniably much more costly. And perhaps one of the most important investments you can make for your child is a good education. The harsh reality is that one’s education, while not the be-all and end-all of one’s future, plays a vital role in your child’s abilities and opportunities.
This is not just making sure that your child gets to land a high-paying job in the future; one’s perspective and philosophies in life, critical thinking, and sets of principles are also partly shaped by the education institutions.
Do not let your child’s progress to success be slowed down by student loan debts, and make sure to set up an education/college fund as soon as you are expecting.
Prepare for the unexpected.
In case something bad happens to you and/or your partner, you do not want your child ending up under the care of the state. You would, of course, want him/her to be taken care of by someone whom you truly know and trust. Foreseeing such possibilities, you might want to name a guardian for your child. This might also be a good time to invest in insurance, especially a life insurance for your child.
Why you need to prepare for it: You have probably heard countless of times that marriage is no piece of cake. For one, it requires the both of you to work together as a team. This is especially needed when it comes to handling finances.
It is a no-brainer that a marriage with a couple who do not go through some sort of financial planning together is more likely to fail or ultimately, lead to separation or divorce. Do not let money problems get the better of you and your partner and ruin a healthy and happy marriage altogether; start planning your finances together as early as possible.
Step/s to take:
Communicate with each other.
Before anything else, it is important to build a good foundation of trust between the both of you in marriage, and one key ingredient to this is communication. This does not mean that you will no longer go through financial struggles; however, it will significantly make it easier for the both of you to overcome them if you can confide in and help each other along the way.
Try to discuss amongst yourselves your financial issues like debt as soon as they come. Do not ignore them and wait for them to be massive problems that will be more difficult to resolve in the future. Make it a habit to allow a time for every week to talk and make financial plans together.
What are your financial goals? Your prospective investments? How are you planning to achieve them? Write these things down. More importantly, share responsibilities. When doing so, consider each other’s strengths and weaknesses.
Start an emergency fund for the both of you.
You are no longer just working for yourself now. The financial problems of one person in a marriage are also problems of the other. For this reason, it might be a good idea to start saving up, especially in case of emergencies and other unforeseeable events.
Financial experts advise that emergency funds should be able to cover your expenses for at least 3 to 6 months in times of need such as unemployment, health problems, and home repairs. If you already have your own before marriage, consider that the amount might not be enough to cover two people. This time, that is exactly what you will need.
Finding a new job
Why you need to prepare for it: You have to understand that whenever there is a significant change in your source of income, your budget and expenses must be adjusted accordingly as well. That is, of course, if you want to keep a certain lifestyle and a stable financial standing and avoid tapping into your savings.
A new job means a new contract, and a new contract means different terms, salary/income, and benefits. When stepping on an unfamiliar ground such as this one, it might be wise to rethink your financial strategies.
Step/s to take:
Analyze the differences.
If you have already been keeping a stable pacing with your past job, it would make your readjustments easier to start by comparing your current job to it. Put into consideration the different factors such as wage, benefits, bonuses, transportation & food costs, indulgences, recreation, & entertainment, short- and long-term goals, and others.
Once you have all the necessary data, create a new budget. Will you be earning more in this current job? If yes, maybe you can be a little loose on the budgeting, or better, you can add more to the portion that is solely for your savings and other funds.
Another idea is investing in your long-term investments such as purchasing a property. If your answer is no, you might need to adjust your expenses; by how much you need to adjust would depend on the difference of your current salary and the past one in addition to the changes in your expenses.