BT Money Hacks

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how fees can quickly multiply and hurt the bottom-line when businesses deal in multiple currencies via traditional payment rails. Find out why and how multi-currency wallets - for businesses - are one way around it, in this episode brought to you by HSBC: https://www.business.hsbc.com.sg/ BT's digital editor Chris Lim hosts Winnie Yap, managing director and head of Global Liquidity and Cash Management Singapore at HSBC. She explains the following: What are the costs that SMEs face when making cross-border payments by transacting in multiple currencies through traditional payment rails? (1:00) What is a multi-currency wallet for businesses, such as the HSBC Global Wallet, and how can it save time and money? (1:29) Addressing SMEs' concerns about foreign exchange rates (3:05) Does the HSBC Global Wallet work like virtual consumer wallets such as GrabPay? (3:52) What are the risks to businesses that don't embrace new payment options such as multi-currency wallets? (5:52)  A step-by-step guide for SME businesses to get started with multi-currency wallets if they want to save time and money (9:05) HSBC Global Wallet: https://www.business.hsbc.com.sg/globalwallet HSBC Business Banking for SMEs: https://www.business.hsbc.com.sg/hsbc-sme-business-banking HSBC Commercial Banking for Singapore: https://www.business.hsbc.com.sg Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: https://bt.sg/pcOMSee omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode looks at how disability insurance and long-term care aren’t on the radar of many. Find out why this should be on your must-do list during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: Can you ever be too young to worry about disability insurance (1:48) What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52) Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15) Calculating long-term care costs in Singapore (5:50)  How a 30-year-old can use CPF Medisave to pay for premiums up to $600 a year, including a yearly cash top-up for higher monthly payout benefits (6:47) Great Eastern: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Live Lifeproof with GREAT CareShield: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-careshield/disability-support.html Great Eastern’s Disability Coverage Calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/disability-income.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. This week's episode covers insurance, a risk management fundamental you need to sort out before considering more advanced money hacks. Find out why critical illness insurance is more crucial than ever during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following: What is critical illness insurance and where it sits in your insurance portfolio (0:44) Understanding the latest multi-pay critical illness plan (3:12) How such a plan can continue to cover you even after you suffer from your first critical illness (4:50) Ensuring continued critical coverage given that illnesses are happening at a younger age (8:30) The percentage top-up premium needed to ensure continued multi-pay critical illness coverage (9:35) Great Eastern’s Live #Lifeproof: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html Great Eastern’s Great Life Advantage with add-on critical illness coverage: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/life-insurance/great-life-advantage.html Great Eastern’s Critical Illness Cover calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/critical-illness-cover.html Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.This week's episode is aimed at young working adults, on the importance of having some kind of financial plan sooner rather than later, instead of waiting till they have a sizeable sum to invest. It is brought to you by HSBC: https://www.hsbc.com.sg/BT's digital editor Chris Lim hosts Deepak Khanna, head of wealth products and journeys at HSBC, who explains the following: Why HBSC’s FinFit survey shows that young working adults in Singapore aged 24-39 are weakest in their retirement planning (1:34) How is portfolio rebalancing connected to retirement planning (2:45) Are there tailor-made, personalised portfolios you can stress test against various market scenarios? (4:46) Why a "small" portfolio size should not stop you from reviewing your portfolio annually (6:50) Step-by-step guide for young adults to start meeting their future retirement needs early (8:15) Those who scored high on HSBC's FinFit survey review their finances yearly (12:25) Find out how FinFit you are from HSBC: https://www.hsbc.com.sg/finfit/ HSBC's financial planning tools: https://www.hsbc.com.sg/financial-planning/ HSBC's Wealth Portfolio Plus, a relationship manager-guided journey: https://www.hsbc.com.sg/wealth/investments/wealth-portfolio-plus/ Produced by: Chris Lim and Ernest LuisEdited by: Adam AzleeFollow BT Money Hacks podcasts fortnightly on Mondays and rate us on:Channel: http://bt.sg/btmoneyhacksApple Podcasts: http://bt.sg/oeXeSpotify: http://bt.sg/oeGNGoogle podcasts: http://bt.sg/oeGPWebsite: http://bt.sg/moneyhacksFeedback to: podcast@sph.com.sgDo note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode plugs the top financial knowledge gaps that some experienced investors may not even know too. It is brought to you by HSBC: https://www.hsbc.com.sg/ BT's digital editor Chris Lim hosts Deepak Khanna, head of wealth products and journeys at HSBC, who explains the following: What are the top 3 financial knowledge gaps and how HSBC's new FinFit online index shows how to close these gaps (0:45) Correcting mismatches between financial product maturity and your own goals, such as university education for your children (2:12) Why not enough people assess their risk tolerance regularly (3:39) Many experienced investors with portfolios larger than S$200,000 are still invested mostly, or even entirely, in equities and bonds. Is that good enough? (6:00) Three steps for investors to build a multi-asset portfolio - with an emphasis on not just broad asset classes but even sub-asset classes (7:50) Fourth step to further diversify your portfolio: How to understand the sustainable investment sector better in 2021 (11:20) Find out more about: HSBC's FinFit index and financial coaching tools: https://www.hsbc.com.sg/finfit/ Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

BT Money Hacks Ep 92: Trends for Asia's ESG investing outlook in 2021 and beyond 12:12 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode looks at Environmental, Social, and Governance (ESG) - a growing area of interest for retail investors especially in Asia - and the outlook for ESG investing in 2021 and beyond. It is brought to you by Fidelity International: https://www.fidelity.com.sg/ BT's digital editor Chris Lim hosts Victoria Mio, director for Asian equities at Fidelity International, who explains the following: Fidelity’s annual global Analyst Survey 2021 shows how Asia (including China) is not far behind the West when it comes to sustainability awareness (1:00) Net-zero carbon emissions: What it means for investors and what factors and values in companies they should look for (3:26) More carbon neutrality progress in utilities and telecom sector companies than within energy sector (6:12) Percentage estimates of companies that will achieve carbon neutrality in coming decades (7:20) How sustainable investors have a role to play in forcing positive change in companies (8:03) Will there be more emphasis on social issues versus the 'E' and 'G' in ESG? (9:10) Find out more about: Fidelity International: https://www.fidelity.com.sg/news-and-insights/outlook Download Fidelity International Analyst Survey 2021 report: https://www.fidelity.com.sg/static/singapore/pdf/article/analyst-survey-2021/fidelity_analyst_survey_2021.pdf Fidelity International Analyst Survey 2021 site: https://www.fidelity.com.sg/news-and-insights/analyst-survey-2021 Listen to Ep 89 - Key investment themes to act on in 2021: https://str.sg/Jj9K Ep 90 - Investing in China's market - the case for retail investors: https://omny.fm/shows/money-hacks-1/investing-in-chinas-market-the-case-for-retail-inv Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcastsSee omnystudio.com/listener for privacy information.

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode looks at the case for investing in China in 2021 and beyond. It is brought to you by Fidelity International: https://www.fidelity.com.sg/ BT's digital editor Chris Lim hosts Catherine Yeung, Fidelity International's investment director, who explains the following: China's household consumption, GDP, and pent-up demand (0:42) How retail investors can take advantage of China's domestic demand story (2:12) What China’s tremendous data advantage means (3:15) Investing opportunities: looking outside China’s big-name equities (6:10) Income opportunities: yield from Chinese state-owned enterprises (8:26) Assessing risk in Chinese markets (9:30) Find out more about: Fidelity International: https://www.fidelity.com.sg/news-and-insights/outlook Fidelity's Case For Investing in China: https://www.fidelity.com.sg/Pages/2021-01-06-consumption-continues-grow-importance-outlook-2021-1609903367527 Listen to Ep 89 - Key investment themes to act on in 2021: https://omny.fm/shows/money-hacks-1/2021s-outlook-and-key-investment-themes-to-act-on Ep 92 - Asia's ESG investing outlook in 2021 and beyond: https://omny.fm/shows/money-hacks-1/trends-for-asias-esg-investing-outlook-in-2021-and Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

BT Money Hacks Ep 90: Achieving passive income and wealth growth amid Covid-19 9:36 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. In this week's episode, we look at strategies for achieving passive income and wealth growth amid Covid-19 and the post-pandemic recovery. BT's digital editor Chris Lim hosts Luke Lim, managing director at Phillip Securities, brokerage and wealth management arm of PhillipCapital. They discuss the following: Concrete steps to rebuild passive income amid the pandemic and post-pandemic recovery: Which sectors performed? (1:55) Diversify when faced with financial vulnerability, in asset classes, geographical regions and sectors (2:41) What is the "barbell" approach in diversification? Why it is still worth working with a remisier who acts as a trading coach (4:35) Views on single stocks, ETFs and index funds (6:25) Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Subscribe to BT Money Hacks Podcast series for our new episodes fortnightly on Mondays and rate us on your favourite audio apps: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

BT Money Hacks Ep 89: Key investment themes to act on in 2021 10:36 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This week's episode looks at investment themes retail investors can act on in 2021 and beyond. It is brought to you by Fidelity International: https://www.fidelity.com.sg/ BT's digital editor Chris Lim hosts Paras Anand, Fidelity’s Asia-Pacific chief investment officer, who explains the following: 1. Differences in Asian economic strategy when compared with countries in the West (1:00) 2. What concrete steps can retail investors take to act on this outlook? (1:51) 3. With relatively low yields, and arguably overpriced equities especially in the US, should retail investors wait for the market to cool or avoid timing the market and risk missing out on a recovery year? (5:23)  4. What are three key investment considerations for retail investors in this 'new normal' Covid-19 era? (7:30) 5. Beware of false diversification (8:59) Find out more about: Fidelity International: https://www.fidelity.com.sg/beginners/learn-about-investing Fidelity's Global Market Outlook 2021: https://www.fidelity.com.sg/news-and-insights/outlook Fidelity's Learn About Investing: https://www.fidelity.com.sg/beginners/learn-about-investing Listen to Ep 91 - Investing in China's market - the case for retail investors: https://omny.fm/shows/money-hacks-1/investing-in-chinas-market-the-case-for-retail-inv Ep 92 - Asia's ESG investing outlook in 2021 and beyond: https://omny.fm/shows/money-hacks-1/trends-for-asias-esg-investing-outlook-in-2021-and Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Follow BT Money Hacks podcasts fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.

BT Money Hacks Ep 88: Protect digital financial assets and even large amounts such as 1 bitcoin 11:43 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. In this week's episode we look at how you can make the most out of your digital assets while making sure they stay safe and sound. BT's digital editor Chris Lim hosts Michael Shaulov, CEO and co-founder of digital asset security platform Fireblocks. They discuss the following: Advantages and disadvantages of dealing with digital financial assets and transfers (0:34) How mistakes in basic digital money transfers can be catastrophic (3:20) How retail customers or consumers can ensure safe crypto or digital wallet transactions (5:53) Secure technical steps to protecting digital transactions, even for large amounts such as 1 bitcoin (worth more than S$40,000 as of January 2021) (9:01) Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Subscribe to BT Money Hacks Podcast series for our new episodes fortnightly on Mondays and rate us on your favourite audio apps: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.