DBS changed its Mutiplier plan

[alex22]

if you are looking at pure capital gains, then STI ETF looks like a loss.

Did you factor in dividend?

Total returns matters more.

Partly, but if ur entry point is too high then dividend matters less than unit appreciation liao le.
I still wana DCA back to 2.4, fvgging long way to go.
Need to squeeze my production line operators to maint kpi target payout

 

[alex22]

However, it seems that long term investment even in STI ETF is at a loss.

Who has the confidence?

And how many uncles and aunties had lost their hard earned money in Singapore stock market?

How many uncles n auntie lost their money to Singapore pools and scam too

 

[cassowary18]

What really bothers me is that you have highly educated people: doctors, accountants, IT engineers, banking RMs, and essentially they are all trying to make speculative short-term punts in the stock market.

There are very few bogleheads in SG compared to say USA. I wonder if it is because we have not emphasized the importance of diversified LT investing in our education system. We are either too kiasi (overly cash rich) or too speculative.

I am a Chartered Accountant, and I was never taught boglehead investing in school, or how to have a diversified LT investment portfolio. I suspect the Govt dont see this as priority education too.

Agreed. If you look at the education in Singapore, you'll find that there's an overemphasis on savings and less on long term investment. The stock market is depicted as this scary casino that you could lose your entire life savings in. That might have been OK when CPF and bank interest rates were high, but not in this current economy. I think DBS does do a good job of financial education of the younger generation though. Baby steps.

 

[zoneguard]

What really bothers me is that you have highly educated people: doctors, accountants, IT engineers, banking RMs, and essentially they are all trying to make speculative short-term punts in the stock market.

There are very few bogleheads in SG compared to say USA. I wonder if it is because we have not emphasized the importance of diversified LT investing in our education system. We are either too kiasi (overly cash rich) or too speculative.

I am a Chartered Accountant, and I was never taught boglehead investing in school, or how to have a diversified LT investment portfolio. I suspect the Govt dont see this as priority education too.

PG, MG and Gen X generations have plowed their wealth into properties and insurance. For a long time, investment costs (commissions, fees, forex spread) were prohibitively high compared to USA.
The advent of robo advisors to the landscape was a good thing as it helped to level down fees and apply pressure on the banks/brokerages.
Now the Bogleheads approach starts to make sense here.

 

[TehSi99]

Partly, but if ur entry point is too high then dividend matters less than unit appreciation liao le.
I still wana DCA back to 2.4, fvgging long way to go.
Need to squeeze my production line operators to maint kpi target payout

2.4 is a possibility looking the global economic situation. But who is pumping in money to keep the share prices?

 

[demoforce1]

Agreed. If you look at the education in Singapore, you'll find that there's an overemphasis on savings and less on long term investment. The stock market is depicted as this scary casino that you could lose your entire life savings in. That might have been OK when CPF and bank interest rates were high, but not in this current economy. I think DBS does do a good job of financial education of the younger generation though. Baby steps.

what dbs do on this?

 

[Squaredot]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

 

[reddevil0728]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

Has it even been posted?

 

[Trazora]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

You met salary/income for this month?

 

[maple96]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

If u want to see other categories in BNE, dun use paylah.

If u use paylah, must wait till salary credited, then other cats will show

 

[IronMan123]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

Don't worry, DBS don't update the B&E so often one. Most likely they update weekly.

 

[reddevil0728]

Don't worry, DBS don't update the B&E so often one. Most likely they update weekly.

actually trailing 2 days. u can look at the date at the top right hand corner

 

[Squaredot]

Don't worry, DBS don't update the B&E so often one. Most likely they update weekly.

This is abnormally slow. My transactions since 2 Sep not tracked leh.
My card spends were updated in a few days for the past months.

 

[Byfrost]

Bank & Earn Summary sick again?
None of my credit card spend is reflected only showing my PayLah spending
anyone same as me?

DBS Bank & Earn Summary always update around every 3 days.

It feels long especially when your credit card spending the merchant takes a longer time to post it.

Example, you buy something using your credit card on the 3rd of the month, merchant claims the money and post it on the 6th, at earliest you should see your Bank & Earn Summary updated on the 8th or 9th of the month.

I'm used to it already, I only check it once a week.

 

[Squaredot]

If u want to see other categories in BNE, dun use paylah.

If u use paylah, must wait till salary credited, then other cats will show

this is new to me! ok, lesson learnt
But i no salary in this account, only dividends (which are updated).
So how ah? This month all my credit card spend won't show ah?

 

[maple96]

This is abnormally slow. My transactions since 2 Sep not tracked leh.
My card spends were updated in a few days for the past months.

If u want to see other categories in BNE, dun use paylah.

If u use paylah, must wait till salary credited, then other cats will show

I already explained, u dun believe

Multiplier tnc was changed in Aug, with 3 options. This makes things complicated. So for u, since u use paylah, u have to wait for your Income to be reflected in BNE first, then the rest of the categories will show, salary/div must be credited first for the system to know u are not using paylah to clock bonus interest

Ok just saw your post: ok your case where div is credited and less than??, I dunno how system is made smart to convert u to Income +2/3 cat

I only know of a case where salary was credited late in the mth, then ok liao

 

[Squaredot]

Has it even been posted?

DBS Bank & Earn Summary always update around every 3 days.

It feels long especially when your credit card spending the merchant takes a longer time to post it.

Example, you buy something using your credit card on the 3rd of the month, merchant claims the money and post it on the 6th, at earliest you should see your Bank & Earn Summary updated on the 8th or 9th of the month.

I'm used to it already, I only check it once a week.

Transactions are posted and billed.

 

[Squaredot]

I already explained, u dun believe

Multiplier tnc was changed in Aug, with 3 options. This makes things complicated. So for u, since u use paylah, u have to wait for your Income to be reflected in BNE first, then the rest of the categories will show, salary/div must be credited first for the system to know u are not using paylah to clock bonus interest

I believe u lah.

But my Income reflected liao leh but Payment still showing Paylah transaction only.
In fact Income (SSB interest on 1 Sep) was the first to be updated in BNE Summary.

 

[Squaredot]

You met salary/income for this month?

Yes
10 char

 

[maple96]

I believe u lah.

But my Income reflected liao leh but Payment still showing Paylah transaction only.
In fact Income (SSB interest on 1 Sep) was the first to be updated in BNE Summary.

ok, I believe u cos I post before u post

System will be intelligent to convert u (ie reflect BNE for other categories and Income, and drop paylah) when your other categories add up to at least 2 k, I guess, u pray lor