BT Money Hacks15 Sep 2019

S1E54: How to save more when paying for overseas property investments: Money Hacks Ep 54

Money Hacks Ep 54: How to save more when paying for overseas property investments

8:51 mins

Synopsis: In this fortnightly podcast series on Mondays, The Business Times and The Straits Times break down actionable financial tips.

This episode is aimed at how best to pay for property investments overseas. Do you use expensive banking services? Or new cheaper fintech-enabled money transfer services?

Mr Nilan Peiris is the London-based vice-president for growth for TransferWise, which has 1,600 staff members and about 150 in Singapore, and is also regulated by the Monetary Authority of Singapore.

He tackles our questions:

1. Does it really cost a lot to move money overseas via wires?

2. Understand why it is important to know about the transparency of the services you are using.

3. Why is speed important when you need to do time-sensitive good value property investments overseas?

Entrepreneur Kiyan Foroughi also comes on the show to talk about his own personal experience with money transfer services provided by banks and new fintech companies, and the big differences he has found when servicing property mortgages overseas.

Produced by: Chris Lim, Ernest Luis & Lee Kim Siang

Edited by: Adam Azlee

Dear readers,

We are conducting consumer research to find out what types of content you like. Please click on the link below to participate in a short survey which will help us serve you better. Respondents stand a chance to win $100 shopping vouchers and get invited to participate in consumer interviews.

Link: https://sph.au1.qualtrics.com/jfe/form/SV_4MwYEyWCtmRKUHH

Like, subscribe and rate our Money Hacks podcast on:

Spotify: http://str.sg/oeGN

Apple Podcasts: http://str.sg/oeXe

Google podcasts: http://str.sg/oeGd

Website: http://str.sg/stpodcasts

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.

Watch a video of Podcasts on the rise in Singapore: https://youtu.be/aGJ4cbch6eQ

---

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/btmoneyhacks

Follow our shows then, if you like short, practical podcasts!

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(285)

S1E285: The $70,000 question: how to master your family's new financial tailwind

Singapore just pledged nearly S$70,000 per child over 16 years — but is that windfall building your family's future, or quietly funding lifestyle creep? Correspondent Howie Lim sits down with SingSave...

6 Sep 13min

S1E284: The raise paradox: why earning more never feels like enough

You just got a raise. So why does your bank account still feel broke? It’s the lifestyle creep — the sneaky force turning your bigger paycheck into the same old savings. From $8 lattes to subscription...

30 Aug 24min

S1E283: Singapore stocks aren't boring anymore — here's the proof

Your parents' "boring" Singapore dividend stocks only portfolio just had an upgrade nobody told you about. While everyone's obsessing over US tech, Singapore's equity market has quietly doubled its re...

23 Aug 15min

S1E282: Behind the institutional veil: what your bank doesn't want you to know about asset allocation

If you think your bank’s “diversified” portfolio is built for your future, think again. In this episode of Money Hacks, we pull back the curtain on the institutional world with Arki Finance founder Da...

16 Aug 16min

S1E281: The mass affluent trap: too rich for retail, too small for private banking

Your cash isn't safe just because it's sitting still — it's quietly losing to inflation while you wait for "the right time" to invest. Howie Lim gets StashAway's chief investment officer (CIO) Stephan...

9 Aug 15min

S1E280: Market noise vs real signal: are you investing or just guessing?

We obsess over what to buy, but when it’s time to sell—or hold—we often freeze. Market volatility shouldn't trigger a panic-induced sell-off, yet emotion frequently overrides strategy. In this episode...

2 Aug 16min

S1E279: Artificial sycophant or financial genius? When to trust AI

Speed is everything in investing—but is it actually the enemy of wealth? We’re conditioned to trust human advisors, but what if your portfolio manager, tax expert, and risk officer was a cold, calcula...

26 Jul 15min

S1E278: Loss of income, not identity: navigating the psychology of retrenchment

Retrenchment isn't just a career setback; it's a financial and psychological earthquake. Howie Lim speaks with clinical psychologist Dr Annabelle Chow about navigating the initial shock. What is the s...

19 Jul 21min