Desmond Chua & Associates

Did you know? August 14 is National Financial Awareness Day!

Why do we need to be aware of our finances? Well, it is important as making wise financial decisions now might have a significant impact later. Financial Awareness Day is an excellent opportunity to evaluate your financial situation because money is crucial to our sense of well-being. Don't let poor financial choices destroy your finest years!

If you need financial advice, feel free to comment down below or drop us a message. We will be happy to help! :)

As we celebrate the history that Singapore has been through, what was the financial situation like back in the days of 1965?

Swipe through to view some of the events that occurred, leading to the prosperous nation that we have today.

#1965

On August 9, 2022, Singapore will turn 57. We can't wait to celebrate National Day with you, wherever you may be in the world. From everyone at team.dco, Happy National Day!

It is said that in the past, middlemen involved in the trade would market skins they had yet to receive. As a result, they would make predictions about the potential in the at which they would these skins from the trappers. The , or difference between the cost price and the selling price, would be profitable for the trappers.

The word "bears," short for bearskin jobbers, remained to refer to these middlemen and describes a market decline.

Today you learnt with !

and markets can sometimes trigger emotional decisions, and this will impact the long-term plans you might have for your . One way to avoid this is to create a sound plan with a , and refrain from rash decisions. For instance, during bull markets, you may have recency bias—the belief that the market will keep rising—and be tempted to take greater risks than you should. On the other hand, in a bear market, you can behave out of fear and make snap judgments, like exiting the market.

to read on actions that you can take to tackle a bull or bear market! Follow us as we release more content about and .

Where did the and get its name?

The names "bear" and "bull" are believed to have originated from the manner in which each animal pursues its prey. In other words, a bear will swipe down while a bull will raise its horns into the air. The movement of a market was then used as a metaphor to describe these acts. A bull market was thought to exist when the trend was upward. A bear market was present if the trend was downward.

Today you learnt with !

What other are available for those looking for flats? Here, we cover schemes you might be interested in before purchasing. Remember to conduct your own before making a decision, as a flat is a long-term !

Swipe to read on three different schemes you might utilise to get better and prices on your new . Follow us as we release more content on other schemes for BTO applications and of course, and .

Check out our previous posts to see what other schemes there are!

A famous posed by flat buyers: “Hmm.. or ?” Each have their own , so how do you decide?

The important question to ask yourself is if you are willing to pay a high price for an flat with a 40-year lease that expires in 20 years. Not that such a flat isn't desirable - it definitely has its’ benefits - but the amount you pay should reflect the fact that the lease's remaining term is shorter.

Are you team BTO or resale? Let us know in the comments!

Heard the recently? HDB have announced that -timers have good chance to book flat! So, what are the should you look out for as an interested buyer?

Swipe to read on three different schemes you can utilise to get better and prices on your new . Remember to do intensive research on your own as well before purchasing a flat!

Follow us as we release more content on other schemes for BTO applications and of course, and .

To all the out there who taught us our first investment, and gave the best financial , happy Father's Day from Team DCO! 😎

The bid-ask spread (also known as the buy-sell spread) is the difference between the price a dealer will buy and sell a . Exchange rates vary by dealer, so it's important to the best rate before exchanging any currency.

Was this something for you? Follow us as we release more content about and .

As we travel deeper into the world of , you might come across the term “Forex”. Sounds foreign? Fret not, here’s a simple guide on what it is!

Foreign currency trading, also known as , is a global marketplace to exchange currencies. Though it is slightly more complicated than stock or mutual fund trading, learning the fundamentals can provide you with a good basis on how to begin investing in this asset. Diversifying your portfolio by investing in can be a wonderful strategy!

Want to find out more? Keep an eye out and us as we release more content on forex and to aid you in your .