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National Service (NS)

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National Service (NS)

Career

What are some gd things I can do after NS and before uni?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
For the first part, it really comes down to passion and personal drive. As for the second part, you can take up courses from e-prep scheme (subsidised 90%) by various local institutions or use the credits for courses on coursera. There are numerous tutorial videos on YouTube which can be helpful too. You can also consider studying in advance for uni. For myself, I got a second-hand textbook and lesson notes from a senior and started from there.

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National Service (NS)

What should I bring in for NS?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
I'm assuming you're referring to the confinement week of NS. You should definitely consider getting some comfort items. This can be the pillow that you've used for the last decade to fall asleep on, milo to drink before you sleep, power banks (no charger for BMT) for talking to your loved ones more or intensive gaming, etc. Refrain from bringing in big items like kettle or laptop (depends), and potentially messy food like instant noodles and sugared/chocolate coated-food. There's no need to bring in vitamin c tablets since there's fruit provided every meal. For daily use items, you can bring more clothes hanger (maybe 7 or more) to hang your clothes. Bring in a used cloth/rag for simple cleaning around your area (environmentally-friendly!). You can get a pair of slippers/sandals to move around your bunk and for showering. If you are prone to muscle soreness, you can get some muscle pain relief patches/spray. Deodorant/de-odouriser even if you don't smell bad in case your buddy does. The first two weeks are packed with PT and administrative activities especially if you are entering as combat fit (1yr10mths). During this period, your unit will also clarify what can and cannot be brought in for future book-ins.

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National Service (NS)

Investments

ETF

Robo-Advisors

What should I invest in for $200 per month? Any etfs or roboadvisors?
Daniel Kok
Daniel Kok
Level 5. Genius
Answered 2w ago
I'm personally investing on 2 portfolios via SYFE. their REITS+ portfolio gives you access to 30 local REITS and equity100 invests in US ETFs like s&p500 and nasdaq100. You can split into 100 per month so you get a bit of both local and US market For diversification. once your portfolio is a bit larger say $50k or so, you might consider switching to an ETF via broker directly. :)

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SeedlySOS

National Service (NS)

Investments

Best way to invest while serving ns?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
As a current NSF myself, the best thing to invest in is your time rather than your money. There are bound to be pockets of time or breaks during these 2 years and what you do during these periods can make a lot of difference. You could read up ahead for uni (which can give you a head start) or just books to keep your mind from degrading. You could further develop your passion or interest (e.g. programming, arts, etc.). You could sign up for online courses (see: e-prep) which can give you a competitive advantage over your peers. What you can do is endless. Moneywise, the allowance from NS is rather little 1k or less, and returns will also not be significant. You can delay investment first and start by reading up on investment-related books, or if you prefer convenience, going with a roboadvisor. You can look at the comparison between the various platforms here: https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/. You can simply schedule a regular fund transfer from your bank account to the platform and no need for further action.

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National Service (NS)

Savings

Lifestyle

Career

Debit Cards

I am enlisting soon, what do you think about the safra membership and safra debit card ?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
It costs between $30-40 for membership a year, depending on the duration of the plan. Quite a number took up the 5/10-year plan for the free watch. SAFRA members enjoy: - Access to six clubhouses conveniently located at Jurong, Mount Faber, Punggol, Tampines, Toa Payoh and Yishun. - Exclusive members’ rates at all SAFRA facilities, SAFRA-organised activities and interest groups. - Special privileges and discounts at over 3,000 partnering merchant outlets island-wide on a wide variety of products and services leveraging on SAFRA and DBS Credit/ Debit Card’s network of partners. If, based on your current lifestyle and spending habits, likely to use their facilities often and shop (at selected stores) frequently then you should get it. Else, not worth getting to make you spend more.

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SeedlySOS

Investments

National Service (NS)

Hi, i’m currently serving national service with about $500-1000 of spare cash. I’m looking for short term investments. any suggestions? I’m also currently investing in etherum. any thoughts?
Hi anonymous, So many questions, dude. Without knowing what you mean by short-term (1 year? 2 years? 5 years?) and looking at the fact that you have $500 to $1,000 (is this all the money that you're ever going to invest? or are you looking at a lump sum kind of option?) and you're investing in Ethereum (a cryptocurrency)... I'm gonna guess that you're looking at financial instruments which you can grow your money quickly within the next 1 to 2 years ? Probably for life after NS? Maybe to fund your studies or as allowance. Since you're going with short-term, I'm going to leave out stocks and bonds because that's a much longer-term game. Note: the following suggestions are purely my own opinion, so make sure you do your due diligence before getting into any of them! 1) High - interest savings account I know. Not the most popular now given the low-interest rates, and the banks cutting them too. So if I would go for a high interest savings account, I'll choose something that's fuss-free. Meaning I don't need to credit my salary, pay 5,000 bills, and invest 2 arms and a leg just to get a pittance of a bonus interest. And since you're in NS, you should be below 26 years old. This means you can qualify for the Standard Chartered JumpStart account ( 1% p.a. on the first $20k). ! There's no minimum daily balance to be met too and no fall-below fee. So if you want something fuss-free. This is probably it. 2) Fixed deposits With $1,000, your best bet would be DBS. It's 1.3% p.a. for 18 months. 3) Short-term endowment plan You could go with the SingLife Account . ! They're offering up to 2.5% p.a. for the first $10k. That's pretty decent given this low-interest rate environment we're in right now. Take note that the returns are non-guaranteed tho, and they are calculated daily but credited monthly (you can login everyday and literally watch your money grow). The best part is that you can set everything up online so you don't have to go down to the bank or whatever. Oh, there's also Dash EasyEarn (1.5% p.a. guaranteed + 0.5% p.a. bonus for first year) but the minimum deposit is $2,000. So that's out of the question for you. Alternatively there's Gigantiq by Etiqa (min $50) which gives you 1% p.a. guaranteed + 1% p.a. bonus for the first year. If you're interested, we did a comparison between all three. !
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Career

National Service (NS)

Salary

In the Singapore job market, are Singaporeans at a disadvantage when compared to foreign hires?
I think one shouldn't generalise and claim that Singaporeans' are inferior to foreign hires. Yes they may have a larger talent pool. But it doesn't mean that person to person, Singaporeans are inferior to foreigners. We have highly-skilled graduates in the STEM and Healthcare sectors.

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National Service (NS)

Pros and Cons of signing on as a naval warfare system expert?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
Pros (of civil service): 1. Job security 2. Consistent income 3. Subsidised faciltiies Cons: 1. Strict top-down hierarchy 2. Emphasis on paper qualifications (may be hard for promotion) 3. Hard to transit to to other careers

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National Service (NS)

Investments

I'm a 20 yr old NSF, 3 months into service with 14k savings. Is this a healthy amount of savings and what are my investment options if I have a low-medium risk appetite?
Hello! 14k at your age is definetely a healthy amount! However, I think more important than how much your savings are, is that you get your investment journey started early - no matter how little. Firstly, you can put your savings in a high interest rate savings account like Singlife to maximise your returns. Then, as Wee Wen has mentioned, you could use a robo-advisor like stashaway. If you are a little more knowledgeable with the market, and have the time to do some research, you could open a brokerage account and start investing in individual stocks/ETFs.

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National Service (NS)

Career

Lifestyle

Realistically, how much can one save for the Save As You Serve Acc?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 2w ago
I used to put in $500 monthly for the first year. You can start with a small amount first (e.g. $200). As you progress to higher ranks and vocation, you will receive higher pay which you can then change the monthly contribution amount to something higher.

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