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Adam Wong

Editor and co-founder of award-winning investment website The Fifth Person.

Adam Wong

Editor-in-chief at The Fifth Person

About

Editor and co-founder of award-winning investment website The Fifth Person.

Credentials

Editor-in-chief at The Fifth Person

Adam Wong

Editor-in-chief at The Fifth Person

  • Answers (10)
  • Questions (0)
  • Reviews (0)

Investments

Money FM 89.3 Show

Stocks Discussion

What are some of the investment strategies that a person could look at adopting for my own personal investment journey?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
It's not for me to make any 'recommendations' since I wouldn't know about your personal financial situation, investment goals, risk appetite, and time horizon. What is suitable for someone else as an investment may not be suitable for you. However, the decision on whether you should invest in stocks/REITs/ETFs/bonds/etc becomes clearer when you're clear about your own individual financial needs and goals. We've produced a guide on how to start investing in Singapore which should give you more direction and help you answer some of these questions for yourself. Hope this helps!
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Money FM 89.3 Show

Savings

Investments

Reports have indicated that millennials are at risk of becoming a lost generation for wealth accumulation due to underemployment, higher living costs and student loans, is it true?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
This is partly true based on studies in the U.S. -- https://www.pewsocialtrends.org/essay/millennial-life-how-young-adulthood-today-compares-with-prior-generations/ Even though Millenials are better educated than Boomers, Millenial men face higher unemployment. (Millenial women fare better comparatively because fewer female Boomers worked in the past due to gender roles.) Millennials on the whole also have slightly less wealth than Boomers at the same age and are more likely to still be living with their parents. The Boomer generation benefitted from an unprecedented post-war global economic boom led by U.S industry. Millennials, on the other hand, face a more competitive global landscape and the fallout from the Global Financial Crisis. I couldn't find any comparative studies for Singapore, but the same could hold true since Singapore also underwent a post-war economic boom after its independence. In any case, the rules from wealth accumulation remain the same: Spend less, save more, and invest prudently for the long term. Just like how not all Boomers got rich despite the advantages their generation enjoyed, your financial decisions today ultimately decide how much wealth you're able to accumulate in the future.
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CPF

Money FM 89.3 Show

Savings

Should Singaporeans pay their home mortgage in cash rather than use their CPF Ordinary Account? Why or why not?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
We covered some of the advantages of using cash to pay your mortgage here: https://fifthperson.com/servicing-mortgage-cash-instead-cpf-can-add-200000-retirement/ But only consider this if you have the free cash to do so. Hope this helps!
šŸ‘ 1

Money FM 89.3 Show

Investments

Is money invested in your 20s worth more than that in your 30s?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
Yes! This is due to the power of compound interest. The more time you have to compound your wealth, the larger it can potentially grow. We covered this in one of our articles on how saving $11 a day can make you a millionaire (when invested prudently): https://fifthperson.com/saving-just-11-day-can-make-millionaire/ Hope this helps!
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Investments

Money FM 89.3 Show

People with options trading experience, what are the platforms a beginner can use to trade options for both Singapore and overseas stocks?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
Interactive Brokers is a great option. They charge USD0.25 per options contract (USD1 minimum), but they charge you USD10 per month -- unless you make 10 trades a month or maintain an account minimum of USD100,000. You can also consider Saxo Markets. They charge USD3 per options contract (U.S. markets) and have an office in Singapore to facilitate any questions you may have.
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Investments

Money FM 89.3 Show

Do you prefer to save up a war chest first before investing? Or invest with whatever you have in hand first?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 30 Sep 2019
I definitely prefer to save up and only deploy my capital when an opportunity arises. Just like Warren Buffett chooses to sit on his cash pile (like right now) when markets are overvalued, you don't have to feel compelled to invest just because you have money in hand.
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Stocks Discussion

Investments

(Stocks Discussion) SGX: United Overseas Insurance Limited [SGX: U13]?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 28 Sep 2019
We attended the 2018 and 2019 UOB AGMs. Have a read if you're interested! https://fifthperson.com/2018-uob-agm/ https://fifthperson.com/2019-uob-agm/
šŸ‘ 1

Investments

Stocks Discussion

(Stocks Discussion) SGX: Oversea-Chinese Banking Corp. Limited [SGX: O39]?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 28 Sep 2019
We attended the 2019 OCBC AGM and shared our key takeaways here: https://fifthperson.com/2019-ocbc-bank-agm/ Hope this helps!
šŸ‘ 0

Investments

General

Stocks Discussion

What is the current brexit situation impact on stocks?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 28 Sep 2019
Just to give a quick overview, Brexit means that the UK will lose its free trade access with the EU. Unless the UK negotiates a deal in time, companies in the UK face potential tariffs and taxes when exporting to the EU. This obviously hits their bottom line and, therefore, their share price. On a market level, a situation like Brexit creates uncertainty and the markets hate uncertainty. And when markets are uncertain, investors are more cautious until the outlook becomes clearer in the near future.
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Stocks Discussion

Investments

(Stock discussion) SGX: NETLINK NBN TRUST (SGX: CJLU)?
Adam Wong
Adam Wong, Editor-in-chief at The Fifth Person
Level 4. Prodigy
Answered on 28 Sep 2019
If anyone is interested, you can read about the 2019 Netlink Trust AGM we attended: https://fifthperson.com/2019-netlink-trust-agm/ Hope this helps!
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Level 4. Prodigy
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