Money Management System

Hi Fellow Automated Millionaires,

just a quick review on the famous Money Management System after several months of using it.... i really felt that the system is really great. After all, so much payments and investments are automated and more importantly, not restricted by a budget, its amazing...

i only have bad comments for the banks in Singapore... It has come to my knowledge that Citibank atms are not part of the ATM5 networks (which comprises of HSBC, Maybank, ABN, Citibank, and Standard Chartered) meaning I can't use my Standard Chartered ATM card to withdraw money from Citibank atms which are so easily accessible from every MRT stations... God damn it..

If that is the case, then, looks like paying local banks like DBS, POSB, OCBC or UOB that S$2 per month for that super convenience is worth it :) guess I can't have the best of both worlds man ;) speaking of which... where is my DBS dongle hmmm... ;)

Disclaimer
The above information is wholy author's personal opinion. It does not intend to replace any professional advice. If legal advice or other professional advice, including financial, is required, the services of a competent professional person should be sought.

A Quick Review

Hi Fellow Automated Millionaires,

its has been 2 months since I have written anything, cause I felt that its time for me to go into action and see how is the result rather than just say only...

Anyway, first of all, of course, everyone knows already... the market crashed and i lost about S$2k in my Mutual Funds portfolio. Not alot comparing to the tycoons who lost from millions to billions in just these 1 month of tumoil... But still its money... haha

To tell you the truth, ever since i started this blog, i always wanted the market to fall... because its only when the market fall, the truth about how well the fund is perform will reflect :) True enough, it fell.... and fell through the bottom. Honestly speaking, i have quite a bit from this market crash.

Investors are really an emotional lot, well... US has not officially been in a recession but yet they are performing like it is already... this would be a great time to do purchasing just like how GIC and Temasek Holdings bought large amounts of Citibank and UBS shares.

I am now currently working on ETFs, hence looking for the right moment to invest but then... as the wise has said... NOW is always the best time to take action... so what am I waiting for? hehe... maybe its a high time for me to find out whats my OCBC online broker password... hehe :)

Disclaimer
The above information is wholy author's personal opinion. It does not intend to replace any professional advice. If legal advice or other professional advice, including financial, is required, the services of a competent professional person should be sought.