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National Service (NS)

Invest and maximise your savings over the next two years

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National Service (NS)

Stocks Investing

Investments

What can I do to improve my portfolio?
Hi Yang Jie, First ask yourself why you invested in Apple in the first place. People invest based on different reasons, for example rising revenues, rising net profits, strong leadership, strong branding etc. Have any of those initial criteria/fundamentals changed? If they haven’t, I’ll continue to hold and monitor Apple’s progress. If they have changed for the worse, I would sell and redeploy my capital. Choosing to redeploy into an ETF or other securities would be dependent on a few things: 1. Your understanding on those instruments ETFs are pretty diversified as the are essential a basket of stocks. There are also various types of ETFs, based on sector (tech/healthcare/index etc.). 2. Your investment objective There’s no right or wrong. If you are aggressively trying to grow your capital, your best bet would be a stock. If you prefer less volatility and a more diversified asset class, an ETF might be suitable. The list can go on and on. Two most important things to consider are (1) understanding what you want to achieve and (2) understanding the risks and ways to mitigate them. I hope I have given you some food for thought! 😄

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Fresh Graduates

National Service (NS)

Career

What advice would you give to someone in their first job?
I offered to help with the mundane chores that no one wants to do. In return, I politely ask seniors to teach me what I need to know to complete the mundane chores. Then I ask the technical people to guide me how to automate these mundane chores. - Once I'm done with one, get another one. Stop at 2 or 3, continue to maintain what you have done, value-add even, then request to be involved in more complex projects. At this point, I will have shown that I can actually get shit done. At the same time, putting in some time to share knowledge with my peers so that they can also gain from my experience, and they might be able to improve their own workflows. Perhaps even provide them the tools I have built, and who knows they might come up with even more brilliant ideas. - Now I'm in the same projects as seniors and building domain knowledge, while at the same time furthering my own technical skills. - After 1 year, I guarantee you'll be able to lead small-medium projects by yourself. In essence, you get shit done ONCE, and find ways to make sure YOU and NO ONE ELSE have to do it again, and then you move up to bigger and more complex shit.

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Career

National Service (NS)

Fresh Graduates

Any options available for someone who has a diploma but is not the studying type? Going to university might be a torture?
The important question is what type of work do you want to do in life? Work backwards from there and see whether a degree is needed. There are certain roles off the top of my head that doesn't require a degree: - Cabin Crew - Insurance Agent - Property Agent - Army/Police You can also try applying to companies. Progression tends to be faster with Private companies. Government related companies are very strict on pay and rank based on your education.

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Insurance

Personal Accident Insurance

National Service (NS)

Does Mindef Group Term Personal Accident have global coverage? It is not explicitly stated in the brochure/product summary.?
Hi anon, Under the product summary, key features, it says "24/7 worldwide coverage" so yes, it's global. In fact most accident plans are global. I have yet to see one that is specifically limited to say, Singapore.

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Investments

National Service (NS)

Hi i’m going to be serving my national service at the age of 24 which means that i will be able to start work at 26, my question is how much capital would i need to have a small share as a beginner?
If you are looking at the stock market, you should at least have $10,000 before you start. With at least 10K, you should be able to diversify your holdings. Otherwise, you can consider getting ETFs which is a basket of stocks. With a much lesser amount, you would be instantly diversified and reducing your risk. Last but not the least, you can consider Robo-advisors like Syfe, StashAway, and many more. You can start as little as $1 and these platforms will help you to invest into ETFs/Mutual Funds for you. I have recently done an article comparing the returns I got from StashAway, Syfe, and DBS digiportfolio. Do check it out if you are interested.

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Singlife Account

Stocks Investing

Savings

National Service (NS)

I have 10k in Singlife currently for the 2% interest. I am thinking of taking it out to add on to my US stocks portfolio (100k). Should I pump or keep it as emergency fund?
Do you have other funds for emergencies? If not, I would suggest you keep it as buffer. It is one way of managing risk.

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Education

Savings

Education Loans

Loans

Career

Undergraduate

Family

National Service (NS)

How I got by Uni and Poly without Paying

Getting a scholarship would significantly ease your family's finances. Read more on the tips to increase your chances!

4400

2

Alages Kalimuthu
Alages Kalimuthu

4w ago

Good read!
Kuan Ai Kuen
Kuan Ai Kuen

4w ago

Good read, yes!!
Post

Career

National Service (NS)

I'm a SAF regular. Is it really difficult to find a job outside given my skills maybe somewhat non-transferrable, especially during covid period?
I think it depends on the role you are looking at, so it may help if you could elaborate more? Nonetheless, skills are but one of the requirements, in my opinion. Employees also look more intangible aspects like your past work/leadership experiences (if any), your personality, attitude and things like that. Ultimately, I would say all these boils down to your ability to click with the HR/hiring manager, such that they see you as someone that they would want to work with. This is especially true for roles that require less technical skills. For more technical roles (eg full stack engineers), there will obviously be higher requirements for the technical aspect of things. If you're really interested in the role, you could brush up on your skills by taking up new courses online? I think that may be helpful for you

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Investments

Stocks Investing

Lifestyle

AMA Workforce Singapore

National Service (NS)

Undergraduate

What is a good side hustle to have in today's climate?
Hey Joseph! I'm currently in uni and every sem, I'll try to get a part-time job in school to supplement my allowance. (For convenience as well) The jobs that I normally try to look out for are ones that I can learn a new skill from or put on my resume. Pay is important but the skills /relationships you obtained from it would be so much more valuable! If you are still in NS, I would recommend you to just take it easy for now. The real grind starts once you ORD.

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National Service (NS)

Lifestyle

What are some financial military benefits that I will be entitled to if I sign on?
IIRC, you can use you're 11b to get free/subsidized medical at most govt hospitals and polyclinics. There is also the SAF group insurance but I'm not sure what that covers. It will stop when you leave the force. Depending on whether you sign on for the wospec or officer scheme, you will either get a large sign on bonus or a higher monthly salary. Not sure how the DXO works cause it has raks equivalent to both.

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