陈元伟 - Seedly
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陈元伟

I am someone who is very meticulous and extremely well-read in investing since 2010.

陈元伟

Computer Engineering with Honours at National University of Singapore

About

I am someone who is very meticulous and extremely well-read in investing since 2010.

Credentials

Computer Engineering with Honours at National University of Singapore

陈元伟

Computer Engineering with Honours at National University of Singapore

  • Answers (4)
  • Questions (2)
  • Reviews (12)

Investments

Stocks Discussion

SeedlyTV S2E02

Hello, I am 19 years old and just about to start investing. My plan is to buy stocks with 4-5k that I have saved and hold for a term of about 5 years. Which brokerage account is suitable?
Use Interactive Brokers as their commission is the lowest at USD 1. In addition, when you buy or sell options, there is no commission, and when the options are exercised, no commission as well. They also offer free 1 x withdrawal per month and USD 25 thereafter. The monthly statements provided by Interactive Brokers are also very useful for tracking your transactions, portfolio growth, dividends received etc. You can even lend out your shares to get paid by short sellers borrowing your shares since you intend to hold them for about 5 years. I was using TD Ameritrade for many years until I was introduced to Interactive Brokers and have shifted everything over ever since.
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Savings

Savings Accounts

Credit Cards

Has anyone tried Vivid account by Singapura Finance?
陈元伟
陈元伟
Level 4. Prodigy
Updated on 26 May 2020
Warning! The Vivid Mastercard is not accepted by a lot of online merchants! Failed transactions on Udemy nor Paypal Shopee.sg, Lazada and Teachable.com as well! Argh, I can't use this card! Just tried and is rejected. Already made sure I loaded the card with more than enough $. Some of the error messages I received included "Your card was declined by the issuing bank. Try a different card or contact your card issuer with questions." Update: I can finally use the card, but only on Amazon.sg, not on Amazon.com Seems like foreign websites do not accept the debit card.
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Investments

COVID-19

Stocks Discussion

Property

Insurance

If you have the chance to go back to before start of Feb, what will you have done differently ?
I would have bought long puts on SPY with my entire portfolio.
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SG Budget Babe

Stocks Discussion

Brokerages

Online Brokerages

Investments

Which brokerage account has the lowest fees?
陈元伟
陈元伟
Level 4. Prodigy
Updated on 25 Dec 2019
For local, can use CIMB. If you fund your trading account upfront, the commission is $10 + SGX clearing fees, plus it has a very good screening tool to find companies to invest in. For overseas companies, I would recommend using one of the overseas brokerages so that you do not have to pay quarterly custodian fees to local brokerages. Interactive Brokers is one of the top recommendations as they have the most attractive commissions. However, the desktop and the mobile device user interface is a bit more difficult to use, compared to say, TD Ameritrade's Think or Swim platform. Other factors to consider are the ease of depositing and withdrawing money for overseas brokerages. Nowadays with remittances fee almost no-existant, this is not much of an issue (we used to have to pay these remittance fee and it could amount to quite a bit if you transfer regularly e.g. weekly/monthly). Plus most of these overseas brokerages have a local office here in Singapore so you can simply transfer to their local Singapore bank account. Withdrawing money is almost the same, straight to your bank account. For Saxo capital, I heard that you can even fund your account using a credit card!
👍 0
Level 4. Prodigy
66PointsGoal 125
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