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SeedlySOS

Ask TeamSeedly anything on Wednesday, 16 Sep from 8-9pm and we'll answer them in 10 minutes or less!

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SeedlySOS

Hospitalisation Insurance (H&S)

Insurance

Hi! Will my hospitalisation insurance cover the medical bills in the event of cancer? If so, would it be alright to forgo a potential lump sum payout by not paying for a dedicated cancer plan?
Generally, your integrated shield plans should provide coverage for your treatment, hospitalisation expenses, and pre and post-hospitalisation benefits (up to a certain number of days) in the event of a cancer diagnosis. The purpose of critical illness insurance (or in your case, a dedicated cancer plan) is to cover your potential loss of income in the event you are diagnosed with the covered critical illness. This lump sum payout gives you the freedom to stop work and seek medical treatment with fewer worries about how to support your family or repay your debts. You can find out about your recommended coverage by checking out our lifestage quiz.

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Career

Lifestyle

SeedlySOS

Earning some money via surveys?
Xue Miao
Xue Miao
Level 4. Prodigy
Answered 5d ago
Hi Alcander! I personally use Milieu, YouGov and Happydot! All of them do cash out and are legitimate, so you might want to give them a try.

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SeedlySOS

Investments

StashAway

Syfe

Robo-Advisors

Currently I have invested in StashAway 14% SRI. Is it wise to diversify within StashAway (looking at 22% RSI)? Or into Syfe REITs?
Syfe
Syfe
Updated 3w ago
Hey anon, thanks for your interest in Syfe REIT+ :) Here's some information about our REIT portfolio that you may find helpful when making your decision. 1) REIT+ is not an ETF. Your funds are directly invested in 20 S-REITs the likes of Mapletree Commercial Trust, Suntec REIT, Capitaland Mall Trust etc. 2) REIT+ tracks the SGX's iEdge S-REIT Leaders index, which measures the performance of the most liquid REITs in Singapore. In 2019, the index delivered a return of 27.1% and a dividend yield of 5.1% 3) REIT+ is cost-efficient, especially if you're planning to DCA. There's no minimum investment amount, and no buying and selling transaction fees. If you purchase REITs or even REIT ETFs through a broker, you'll be charged commission for each transaction made. 4) Another benefit of REIT+ is that you can choose to have your dividends automatically reinvested for you, at no extra cost. According to Syfe's calculations, reinvesting your dividends can potentially result in an extra 0.5% in returns each year. For more personalised advice on how to diversify your portfolio, please feel free to reach out to our wealth advisors! You can arrange for a free consultation with them here. Hope this helps :)

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SeedlySOS

Property

Resale HDB

HDB BTO

We are almost both 27yo. We currently have 26k savings, currently working (1 year in), saving 1.5k a month. Already tried balloting 4 times and failing to get a number. When should we go resale?
Joel Koh
Joel Koh, Writer at Seedly
Level 4. Prodigy
Answered 6d ago
Hello Anon :) This depends on a whole lot of factors. Congratulations on saving so much and continuing to save 1.5k a month. I am sorry about your situation. It must be frustrating for both of you to keep applying and getting rejected. I am referencing this article written by a colleague. https://blog.seedly.sg/resale-bto-flats-comparison/ BTO flats are usually highly sought after as a first home . They are also generally more affordable in comparison to HDB resale flats. Another factor is that they tend to appreciate in price after they hit the Minimum Occupation Period. However, resale flats are also not the end of the world. Resale flats aren’t ALWAYS more expensive than BTO flats. The government is also providing the CPF Family Grant of $50,000 (if household incomes do not exceed $14,000) to cushion any potential price differences for resale flats. Besides that, buyers of resale flats get to enjoy a further $30,000 under Proximity Housing Grant (PHG) if they live with or near their parents. That is quite a bit of savings! Also, since the Enhanced CPF Housing Grant has been introduced, couples get to enjoy higher housing grants , regardless of estate type (mature or non-mature estate). This makes mature estates – a common estate type for resale flats – more accessible for home buyers. With these grants and also the increase in income ceilings, it is also safe to say that there are steps to ensure that HDB housing is kept affordable and accessible . So I would think that it'll be good for you to sit down and do the math with your partner and have a discussion about what both of you really want and can live with for the next few years. Hope this helps!

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SeedlySOS

Lifestyle

What would you do if you had a million dollars?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Updated 6d ago
Buying in into Seedly company 💋

2 comments

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Seedly

SeedlySOS

Thank you for participating in our first ever SeedlySOS yesterday! The team had a lot of fun answering your questions that spanned across various topics. What else would you like to see from us?
SO
Sj Oh
Level 6. Master
Answered 5d ago
Any chance to see possible real-life portfolio of Seedly folks or a segment where people is comfortable to show their investment portfoilo(over a period of time)? (RSP, Robo...etc) haha Thanks!

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SeedlySOS

Investments

How to grow $100k of cash if a person don't know about investment and not interested in savings plan?
BL
Bobby Lee
Level 3. Wonderkid
Answered 6d ago
Buy into a S&P500 Index Fund like VOO and Dollar Cost average monthly depending on your budget. This is basically having a professional manage your money. Avoid Financial Advisors cause they'll take a huge chunk of your premiums for themselves as commissions. Basically cut the middleman.

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SeedlySOS

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 5d 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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SeedlySOS

Family

Payments

If my parents offered to write off my education loan (70k), should I still pay them back? And if so, how long should I target to return them fully? Assuming take home $2.8k. Liabilities $1.4k.?
Takingstock @
Takingstock @
Level 7. Grand Master
Answered 5d ago
I think you should. If you can't handle 70k study loan, how to handle bigger loans for hdb and condo? If your parents don't need the money, ask them help you keep for your wedding present. Suggest you do at least 350 each to pay down the study loan and liabilities first. When the 1.4k is cleared off, then aim the full 700 at the study loan. Keep your bonuses to pay down the loan as quickly as possible because at these sums, you will need possibly 8-12 years to pay off at this rate. If you can do more than 350-700, aim to do so. I think I paid off my loans in 5 years of work, but mine was only about 60k (but I did earn close to 5k during the 4-5 th year). Learn from this period the good practice of saving and paying down the loan. If you didn't learn it well, you will probably be paying a lot of interest for the rest of your life.

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SeedlySOS

Seedly

What can we do as members to contribute?
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated 4d ago
Hi Justin, Firstly, thank you for supporting Seedly and I’m so glad to know that you have benefitted from our Q&A platform that thrives because of Community members like yourself. Thanks for sharing your personal story on how you got onto our Q&A :) Don’t worry about having a very small social circle because other than sharing about the Q&A to your friends, you could still contribute as a member in other ways. You can answer questions that other Community members have using your own knowledge and personal experiences, just like how others managed to help you with your questions! Whenever you spot users or content that breaches the Community guidelines, such as disrespectful behaviour, harassment or even promotional spam (other than answers that are tagged to the “promo code” topic tag), flag it to us and let us know! We want to ensure that the Q&A platform remains a conducive environment for discussions. If you have feedback or suggestions on how the Seedly Team can do better, please also feel free to reach out to us! Any feedback is always good feedback :)

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