Note: There is a one-question survey at the end of the post, and your input is appreciated.
Today, I am writing because SGXcafe has reached a crossroad. You might know that SGXcafe started out as a personal project, but I made it available for public use when I thought it might help other small retail investors like myself invest better. However, SGX recently contacted me and said that SGXcafe needs appropriate licensing to continue running. The amount ranges from several hundreds to several thousands a month, depending on how much data is licensed.
It has always been my intention to keep SGXcafe free, as I have wanted it to be a community to freely share knowledge with. But faced with such a tremendous monthly sum, it is something I simply cannot afford to upkeep on my own. I am but a one-man show, and I am already investing a lot of my time and effort into SGXcafe. As much as I want to, I cannot fork out the thousands required to keep the site running as well.
From here, there are a few options as to how SGXcafe can proceed:
1. Start charging users a small monthly amount to help offset the licensing fees
2. Approach companies to advertise on SGXcafe
3. Close down parts of the site that SGX claims is an infringement of their intellectual property
On that note, you may start to notice some features becoming unavailable in the coming weeks, but rest assured SGXcafe will not completely close down. Your portfolio data will also not be deleted. I have also made it possible to export your portfolio data should you decide not to stay with SGXcafe 🙁
However, please know that in the meantime, I will continue to search for funding for SGXcafe. If you have any contacts (PR/marketing in companies), a referral is deeply appreciated.
I hope to be able to keep SGXcafe running at its full potential for all the investors like me out there, and I appreciate every bit of support!
Thank you for your continued support for SGXcafe.