The upcoming KrisFlyer devaluation has people scrambling to try to book tickets where they can for next year.

As a reminder, from 1 November (so next Saturday) Singapore Airlines will be devaluing KrisFlyer miles by a certain percentage for both Saver and Advantage awards.

In other words, it’s going to cost you more miles for exactly the same flights from the start of next month versus if you booked today.

What’s there to know in terms of how much extra you’re going to be paying in miles? For long-haul routes on Business Saver, it’s not too bad with 5% increases for Japan, Europe and the US.

However, it’s the Business Advantage redemption tickets where the real pain will be felt, with a 15% increase in the number of miles required being the baseline hike. For example, a one-way Business Advantage ticket from Singapore to London currently costs 123,000 miles but if you book that on 1 November onwards it’s going to cost you 141,500 miles instead.

Given the paucity of Saver awards, many of us end up having to book Advantage for long-haul flights so the pain will certainly be felt unless you’re lucky enough to nab the rare Business Saver ticket to a popular destination. 

In terms of booking ahead, you can redeem your miles for travel 355 days in advance so it’s certainly worth using your miles right now to book something for next year if you can.

Another thing to note is that if you’re waitlisted now and the waitlist doesn’t clear before 31 October 2025 then you’re going to be paying the new miles rates.

For anyone who has had their redemption ticket issued before 31 October, any date or flight number changes (on the same route) after 1 November will not require a miles top-up – as long as there’s available award space in the same category.

There are only five days left to make use of the lower redemption rates so get booking!

For investors, many of us have individual stocks that form part of our “satellite” portfolio. Understanding the dynamics within this part of our portfolio is important.

That’s because a lot of people give in to poor behavioural urges when dealing with winners. Primarily, this means “trimming” or entirely selling out of winners in their portfolio.

However, when it comes to share price performance, at least over the long term, the business’s fundamentals – such as earnings growth and margins – are the determining factor to where the share price headed.

Compounded by this is the urge to “double down” on our portfolio’s “losers” or laggards, simply because they’re cheaper now than they were 12 or 18 months ago.

By recognising that these biases exist, we can better try to avoid them. By “anchoring” to the price we originally paid for some great winners, we avoid adding to them when – in reality – that’s exactly what we should be doing as the long-term “trend is your friend”.

Meanwhile, losers or laggards (over the long term) should be the ones we should be cutting or at least not adding to.

So, the next time you look at your portfolio and you have the urge to add to an underperformer in your portfolio, take a look at your winners and try to find a case to add to them. It shouldn’t be hard.   

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