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Conversation in Improve How I Manage My Money
Help regarding credit card scam
Looking for some help and suggestions on what else I can do.
I was subjected to a credit card scam. I have reported it to DBS, however I am still subjected to pay for the amount that I was scammed for.
Has anyone been in this situation ?0 1
[LET US KNOW] What content would you like to see from us in 2023?
2022 has been wild and we're grateful for your support. As we prepare for 2023, we would like to know what sort of content you want more from us so we can all better our finances moving ahead. Feel free to chime in here!1 2
Can I ask about Instant Multi Currency Account here?
I added a new account according to the guidance that popped-up on the screen of DBS digibank smartphone app.
I understand the account is for a multi-currency account.
But at this moment, I want to reconfirm what kind of account it is exactly.
(1)How much does it cost to keep the Multi Currency Account?
(2)How can I close this Multi Currency Account?
Best regards.0 1
S$1,000 digiPortfolio transaction to qualify for Invest category of Multiplier
I understand that DBS has recently included digiPortfolio investments for the Invest category of Multiplier. A minimum top-up of S$1,000 is required.
Can the top-up be spread over 2 portfolios?
I currently have an Asia and Global portfolio that I Dollar-Cost Average (DCA) S$500 and US$500 respectively every month.0 0
I am digiportfolio newbie here, just opened account and set money ($1K) to Asia. What should I do next? Wait 5-10 years for returns? Is there chance I will lose all my $1K in my portfolio?
Pick the DBS Funds Team's brain about Investing!
Click here to join the week-long AMA with the DBS Funds Team!0 0
China’s tech sector impacted by recent regulatory tightening; big changes are expected
What are some implications of the Cyberspace Administration of China’s (CAC) action to set up a regulatory foundation on the world’s second largest economy as it continues with its digital transformation and technology reforms?
Mainland China’s New Economy, media, and education sectors have recently faced selling pressure. However, the silver lining from the policy stance in tightening the rules on China companies seeking listing in the ADR platform is that local firms are now encouraged to list closer to home, broadening the investment offerings in the onshore capital markets of Shanghai and Hong Kong. Read the full CIO Weekly report here.
Watch this 2-min short summary on the report.
THE DBS CIO OFFICE ADVOCATES…
For investors stay the course as the CIO remains constructive on the tech sector of strategic importance such as upstream technology, green energy, e-Commerce, leading health care and software applications.
❓ What is an ADR? American Depositary Receipt (ADR) is a security created by a U.S. bank that evidences ownership to a specified number of shares of a foreign security held in a depository in the issuing company's country of domicile.0 0
Have investing tips or precautionary tales for new investors? #CommunityShareTime
JUST A THOUGHT HERE - With the influx of new trading platforms, many seem to dive right into trading. Any tips for new investors on what they might be missing/should know beforehand?
Community members have talked about their first investment experiences. Just scan through the posts here and on our other online spaces and you'll spot and learn from them!
For those who might be considering casting a wider net to diversify your investments, or hope to get started, this might come in useful.<go.dbs.com/3kdGDUY>0 0
What did you do with your first S$10,000?
It might not be too long ago for some but earning and saving your first S$10k is a milestone we should all remember! More importantly...
Do you remember how you managed that? Invest? Splurged on a holiday? Kick-started a small business? 🤔
ST reports 41% of CPF investors actually made losses
In a recent article, Straits Times reported that 1 in 2 of those who used CPF to invest ended up seeing losses.
Knowing what you know, would you hedge against the odds or play it cool?
CPF 5 JUL 2021.jpg
Check out the full CPFIS-OA report for 2020 here <bit.ly/3dH82ui>. For your research and quick learning, here's a timely video on how you can make your CPF monies work for you.0 0
[CIO Fridays] What are the implications of economic growth normalising, and what are some winning investment I.D.E.A.s?
Read all about asset allocation for the third quarter of 2021 coming hot off the press from the DBS Chief Investment Office.<https://go.dbs.com/3hvJeqc>
With valiant vaccination efforts globally, we are beginning to see encouraging signs of normalcy. The V-shaped economic recovery and surging commodity prices have brought inflation fears and debates to the table.0 0
Reward redemption: How do I link my Krisflyer account to my DBS credit card?
I would like to know how to link my Krisflyer account to my DBS credit card?
It is not explained anywhere in the DBS portal. So I am not able to redeem my rewards.
Thanks for your help!
Put these in your To-Dos for a financial peace of mind 😇
Happy to share that we've some students and young adults coming in from the DBS Students Only telegram. Welcome, welcome! We've got some beginner-friendly tips to start you personal financial journey now.
pexels-pixabay-163444 (2).jpg🎯 Set up a solid long term goal and hold yourself accountable
There is no way that you'll one day wake up with everything you need without proper planning. This is where goal-setting and routine check-in take place. Please consider: the inflation rate, possible protection gaps, money for leisure and retirement. Use NAV Planner, a handy planning tool within your digibank app to help gain some perspective. Have your phone on you? Just log into digibank and hit 'Plan'!
pexels-karolina-grabowska-4386325 (1).jpg💹 Investing? Hold your horses
Proceed with caution ONLY AFTER you've accrued at least 6 months of emergency savings (that you do not plan to touch for everyday use). Learn to observe and weigh out your risks. Once confident, aim to have Invested Assets to Net Worth ratio (Assets - Liabilities) of at least 50%. Sounds complicated? It doesn't have to be - get started with a Regular Savings Plan or explore DBS digiPortfolio.
pexels-monstera-6289100.jpgTop up your parents' CPF accounts
Maximise their nest egg and get some tax relief for yours. Get dollar-for-dollar match into the Retirement Account (RA) with Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans to meet their Basic Retirement Sum (BRS).
**🙋♀️ Admin's note: ** If you're new here, take some time to learn (or refresh!) yourself with financial planning concepts that you might have come across previously. Having some foresight to work on your finances now can help with easing the burdens Future You might have down the road. Stay resilient, everybody!2 0
How do you control your urge to splurge?
I'm not sure if it's the WFH situation or what, but my impulse buying trend has gone up 😕, and this doesn't count the things we really need at home (groceries, replacing damaged item, etc). Any tips on how to stick to the budget and keep that impulse in control?1 6