1) Know how my investments are performing
I invest so as to grow my wealth. Over time, knowing my investment performance together with a sense of the stage of the market cycle we are in, and the fundamentals of my investments helps me to make better investment decisions. Eg. When to buy, when to sell, or diversify my portfolio.
As much as I like to do regular DCA, I would often accumulate a war-chest sum, so as to deploy when opportunities arise.
“The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch.” Warren Buffett
2) Track my income
Emails that I will be looking forward to every month
No… not the work-related emails, but the emails informing me of my passive income being banked to me. Isn’t it sweet to be informed via the email inbox of your passive income?
“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” John D. Rockefeller
StocksCafe
On 3 Feb 2023, I received this email from StocksCafe, that they have added a new feature where I will be notified whenever I receive dividends (i.e. on PayDate), via email!
You can read it here.
After I have set up the system, I received an email shortly like the below.
This is one step closer to setting up a system to track the performance of my investments, and to ensure that the dividends are well received.
In addition, within StocksCafe, there is a dividend tab whereby you can track your past and upcoming dividend payout or bond interest payments.
Indeed, I find StocksCafe useful for the tracking of my own portfolio, and especially like to use it to track my portfolio stock dividend/bond interest payouts (projected and due). You can use my referral code: apenquotes. Just click here. Upon signing up using the referral code, you will get to enjoy being a Trial Global Friend of StocksCafe and test out all features for free for one month!
Please follow me at StocksCafe, via my StocksCafe profile page.
Dividend Channel
Another website that allows free email notification of dividend payout is the Dividend Channel.
You can enter your list of up to 25 ticker symbols below (separated by commas, e.g.: AAPL, MSFT, IBM) and register to receive free email alerts.
They will then email you alerts whenever a new dividend declaration has been made by one of your stocks.
They will also send helpful reminders of upcoming ex-dividend dates and payment dates.
However, unlike StocksCafe which has a record of the number of shares in your portfolio and thus can accurately inform you of the exact dividend payout amount, in the case of the Dividend Channel it just inform you of the new dividend declaration, upcoming ex-dividend dates and payment dates.
3) To meet my financial objectives
By regularly reviewing my investments, it will help to ensure they are on track to meet my financial objectives. Ultimately, at the end of each year, I would tabulate out my net worth to check out how my investment have assisted in helping me achieve my goals.
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.” Warren Buffett
Tiger Brokers
For the Singapore market, Tiger Brokers currently waive the minimum fee and only charge a 0.08% trading fee. This drastically reduces your cost as the minimum fee from other brokers (ranging from SGD 8 such as FSMOne and SCB, to SGD 25 for local brokerages) does add up and can eat into your returns.
Tiger Broker Referral Code:: GPE59H
Promotion Period: 16:00 06/12/2022 – 15:00 28/02/2023(SGT)
Sign up and open an account with Tiger Brokers (Singapore) during the promotional period to receive a free GoPro Share (NASDAQ: GPRO), 365 Days of unlimited commission-free trades for HK, SG, and China A stocks, 180 Days of unlimited commission-free trades for U.S stocks, 5 commission-free trades for options within 30 Days and 1 month Ryde+ subscription.
Sign up here.
FSMOne.com
Typically I use FSMOne.com to invest in funds & ETFs (including money market funds).
If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0031127, when you sign up.
Shopee
I have been using Shopee for a while and think you will like it as much as I do.
Get $10.00 off your first purchase using my code DARREB52.
Download Shopee now and enjoy hot deals at the best prices! Click here.
Happy shopping!
Gemini
As stated by MoneySmart on Jan 22, if you’re looking to optimise trading your crypto with relatively low fees, simple-to-grasp expert UI and ease of purchase with Singapore dollars. then the best crypto exchange in Singapore is Gemini,
If you do not have an account, you can sign up here using my referral link. After you have signed up, once you buy or sell US$100 or more (or 100 USD equivalent of your domestic currency) within 30 days of creating your account, your account will be credited US$10 (or 10 USD equivalent of your domestic currency) worth of bitcoin.
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