Retirement - Seedly
Seedly logo
 

Retirement

Making sure you have enough for the later years

937 Followers

950 Questions Answered

Recent

Unanswered

Trending

Editoral

5 Lessons from Rich Dad Poor Dad on Personal Finance

Changing the way I view money and making important financial decisions.

2323

8

6 more comments

Shania Loh

Shania Loh

3w ago

Hey CH! I think RDPD mainly focuses on teaching us to step out of our comfort zone and to not "settle" like everyone else, but I get that sometimes it can seem to neglect the less privileged :(
Sudhan

Sudhan

2w ago

Nice post, Shania! I wanted to say Rich Dad Poor Dad started me off in my personal finance journey as well and I saw Clara's comment. Haha.
Post
Will the Stock Market Crash in 2021?! (FINANCIAL HORSE)

Daily trading volume growth has soared this year, surpassing even the dot-com levels of growth.

1658

1

Hon-Kit Chang

Hon-Kit Chang

3w ago

Rather than diversification which eats away your profits, I would rather pick a few quality stocks and concentrate on them for long term growth. ALL the biggest winners in the stock market from Jesse Livermore to Warren Buffett to William O'Neill to Cathie Wood have concentrated on several key positions and sat on them. You don't go broke by buying the S&P 500 index but there ain't no way you are going to be a multi millionaire either.
Post
What do you think of borrowing $10k from bank and investing into forex currency and gold?
Many people have borrowed to invest before. Many invest on margin and sometimes use leverage as well. If u study the history of bear market crashes, you’ll see these are signs of bubbles forming. FOMO leads to greed —> good results —> complacency and over confidence —> any drop in the market is magnified for you When other people’s stop losses are hit, they are forced to sell their positions, get margin calls and forces the market to plunge lower, faster. Borrowing to invest is something only for a very small minority, and if you have to ask, it’s probably not great for you

1

Anyone who has gotten a loan to invest? Any advice?
Hi Chloe, Investing with a loan is pretty risky stuff if you're not sure of what you're doing. It definitely isn't a strategy for the faint of heart and it's probably not for most people. Which is perfectly fine. But if you're looking for some form of leverage in your investing/trading, Interactive Brokers do offer one of the lowest (if not the lowest) rates on the market for their account margin. Alternatively, another possible strategy is options, which is also leveraged inherently. Options are also generally high risk strategies, so do ensure you fully understand what you're getting into before doing anything. If it helps, you should trade on a paper/demo account first before going into the real thing. To invest without a loan, that's just normal investing. Index Investing is one way to go about it for beginners, good returns and historically consistent

0

What happens to the CPF ENS if the beneficiary already hit the full FRS (full retirement sum) or BHS (basic health sum)?
Hi Frances, Any balance after crediting into these respective accounts up to the respective limits of BHS or FRS/ERS will be paid in cash to the nominee.

0

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?
Hi anon, If you leave your SA alone to compound at 4% before you transfer to ERS just before your turn 65, you would get pretty much the same CPF LIFE payout. The advantage about this is that you have the flexibility to withdraw your SA monies any time, whereas RA monies are locked forever. I woud leave the excess in SA if I still needed the flexibility. I would transfer to RA if I had adequate resources elsewhere and don't need to worry about locking away an additional ~$93K in RA.

0

Hi all, I would like to find out about CPF Savings and CPF LIFE payout for personal retirement in 30 years time?
Policies can and in all likelihood, will change in the next 30 years. So I won't be even worried about CPF life. There are 3 accounts in your CPF - OA, SA and MA. Medisave (MA) - for buying hospital shield plan, careshield. For day to day use in retirement, don't depend on MA. Ordinary (OA) and Special (SA) - these forms the basis of your retirement funds. As of today, the retirement sum is $186000. Anything above this in OA and SA, you can withdraw out and spend it how ever you want at 55. ! once you get this concept, then you can search of ways to maximise returns. but i say again, the policies and retirement sum will change in future. so don't be too fixated on CPF, more important is to get a good job, save, spend and invest wisely. hope this helps.
Answer preview

0

How would you recommend a 60 year old retiree looking to invest 125k?
For his age, more important for capital preservation. Go for Endowus, sgd hedged so no fx risk. Maybe 100% bond or 80/20 should be ok. Don't put into endowment plan, very cunning Insurance Agent .. just care about his commission

0

The Best Portfolios For Lazy Investors (2021)

So many jargons, so many things to learn.. I just want to invest and do other things! I heard you, here's a guide for ye

8469

10

8 more comments

Lin Yun Heng

Lin Yun Heng

3d ago

@Rachelle xie xie kekeke
Rafael Alcala

Rafael Alcala

2d ago

Great
Post
Should I aim to pay off my mortgage loan asap by making partial payments or use those funds to invest?
With low interest rate environment, I would take my time to pay off the mortgage and use the extra cash for investment. The compounding effect will be able to provide better returns in the long run (and then consider paying down your loan then). But if the interest rates become too high, then making partial payment may not be a bad option (especially if you are not able to generate good returns from your investment). Of course, if being debt free gives you the peace of mind, nobody will stop you from paying off the loan asap;)

1