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Managing your cashflow

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Savings

Investments

If I have $300k cash, where and what shall I invest in to get ROI at least 20% after 10 years?
The question is: how much risk are you willing, and can afford to take? No one here can guarantee you an ROI of 20% because no one can predict what the future will look like. Look to stocks, properties, crypto, or even starting your own business. Find an area, understand the risks behind. Focus on picking up necessary skills. Believe in yourself and make the investment.

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Career

Savings

Paycut 20-40% is it Normal? What can we do? If retrenchment?
Depending on the industry you are in and your pay grade. I know of someone who works in a yacht club with an assistant manager pay grade having 10% reduction in pay in 2Q2020 but it has since been adjusted back. 40% is not normal, unless you work in the airlines or travel industry. I’d say if you have transferable skills, look for a new role in another industry. Otherwise, maximise your time to learn a new skill (eg trading) or look for a new source of income.

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CPF

Savings

Retirement

I am born in 1957. If kid top up my cpf RA or SA got tax relief but can I withdraw any amount anytime like bank account?
Top-ups via RSTU and the interests accrued by them are reserved and not withdrawable.

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Lifestyle

Savings

What is the best data plans for a budget of around $8 a month?
Vivifi lite plan 8.8

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STI ETF

Investments

Savings

Retirement

Stocks Investing

Hi, currently I'm investing 500 into sti etf and 400 into stashaway (22% risk) per month. Looking into DCA into S&P 500 etf, would that be a good strategy since I'm currently a beginner investor?
Should NOT buy STI index, coz is contain some bad apples in it. Just buy the 3 local banks. It make up of almost 40% of index. Sg stocks can DCA, coz the price is so stagnent compare to US. S&P500 would propose periodically 1 lump sum to invest. Because every few month market will have some huge correction.

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Savings

Lifestyle

Shopping

How do you practise mindful spending?
Every time you want to click "Checkout", pause. Think. 1. Do you need those things? 2. If you think you need them, how do you foresee the usage? 3. If you only need to use the item for a short while, consider borrowing it from people you are close to. I took home some stuff which my in-laws no longer needed. 4. Check if you already have those things at home. My dad is very guilty of this - not checking! 5. Do you have anything that can substitute those things? For example, instead of buying rags to wipe my tables, I can cut my old and worn-out bath towels into small pieces and voila, a new set of rags. 6. If you do not buy those things, you will have a bigger budget for other, more important things. Think about those important things. Prioritise.

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Savings

Investments

STI ETF

Robo-Advisors

I am a beginner planning to invest a starting amount of 2k instead of leaving it in a bank account, I am also able to set aside about $100 every month. My question is go for STI ETF or Robo-Advisor?
Hi Melvin, it depends on your investment objectives really. If you are looking for income, the STI ETF has a historical distribution yield of 4% (source: https://www.ssga.com/sg/en/individual/etfs/funds/spdr-straits-times-index-etf-es3), which is impressive amid the low interest rate environment. The STI is not that bad after all and I feel investors are seriously overlooking it. I penned my thoughts here: https://blog.seedly.sg/investors-overlooking-straits-times-index/ However, if you feel there's better growth with a US index (or other indices) and you don't need the income for now, going the robo path might be better.

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Savings

Career

General

#Lifebeyondgrades: Share your PSLE score and where you are in life here now?
Kenneth Lou

Kenneth Lou

Level 9. God of Wisdom

Updated on 07 Jun 2019

My PSLE score was 206! :) I still remember very distinctly when I was going up to take the PSLE result slip from my teacher in Rosyth school... my teacher had a strange smile. I got it, sighed and walked back to my seat. My parents were peeping through the window but at the end of the day, they gave me a pat on my back and in my head, I thought I was going to be ruined for life . However, I knew I wanted to be a Comic Book artist cos I loved to draw. Lo and behold, I went to secondary school and started realising that studying was not actually so difficult, it was a system to reverse engineer (which makes me question our system sadly...) The results showed that: - PSLE: 206 - O Level: 7 A1s and 1 A2 - A Level: 5As At the end of the day, I did not become a Comic Book artist and instead went to university instead. I was an angry student and wondered why what better I could be spending my time on. After that, I went ahead to venture into the world of startups and never looked back. Best decision ever :) Now, I am happy to have co-founded Seedly and working with really amazing people on a meaningful mission of helping others make smarter financial decisions as a whole! Managed to raise over $500k of venture capital, launching products, failing along the way and growing a team. Let's see where this goes. Very happy to be here with everyone sharing our experiences as a whole. Oh yes, and really grateful about this campaign by the #lifebeyondgrades team. It really is so true, especially in today's fast changing world!

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Savings

Standard Chartered

Has anyone used Standard Chartered Mobile App New Feature "SGFinDex"?
Yes, stumbled across it a few days ago. Seems quite new and only SCB and DBS are utilising it on their apps now. It allows you the option to consolidate the account details across some of the banks in Singapore through linking them to SGFinDex, which is by the SG Government. In SCB’s use case, the total and individual balances are presented on a single pane of glass. So you can get a total view of your net worth across the different accounts i.e. savings, investments, credit cards and CPF etc. Looks interesting if you like that kind of information. However, at this time, not able to choose the accounts that you want to include or exclude. Hopefully they improve the UX and allow more flexibility in future. @seedly team: Perhaps Seedly can leverage this framework to consolidate the account details that are not possible now?

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