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Adriel Thin

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Adriel Thin

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Adriel Thin

  • Answers (28)
  • Questions (1)
  • Reviews (2)

Investments

ETF

STI ETF

Stocks Discussion

Online Brokerages

Any green funds, ETFs or stocks in Singapore recommended for beginner investors?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered 2w ago
Hi Christabel, I'd start off here: https://etfdb.com/esg-investing/environmental-issues/ Hope this helps!
ūüĎć 1

Investments

Savings

Savings Accounts

Robo-Advisors

Stocks Discussion

Online Brokerages

DBS Multiplier Account

Standard Chartered JumpStart Account

I am 27 and have $120,000 cash in different bank accounts - DBS Multiplier, SC Jumpstart etc. I've no investment knowledge and no time to acquire investment knowledge. What should I do to start investing?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered 3w ago
"You fail to plan, you plan to fail". Personal finance is well, personal. And if the richest people on Earth can find time to read and learn and plan, then perhaps you can too, no matter how little. Think this community is able to guide and give some suggestions, but ultimately you are responsible for your own decisions, so really, the best thing you can invest in is in yourself now.
ūüĎć 0

Interest Rates

Savings Accounts

Savings

There is constant topic surrounding compound interest, is there any product in Singapore that actually provide this?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered 4w ago
Compound interest is a concept. Theoretically, any product that pays a positive interest on your money is putting compound interest to use, even the lowly bank savings rates. Hence the importance of starting early and practice of reinvestment.
ūüĎć 0

Investments

Robo-Advisors

Stocks Discussion

Online Brokerages

Should I invest $1000 at once or $100 for 10 months?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered 4w ago
If $100/mth is a regular-savings plan, then it's possibly okay, otherwise the brokerage fees will be too high. Even if it's $1000 as a lump-sum investment, brokerage fees might still be too high. Brokerage fees would be a primary concern to me for your scenario.
ūüĎć 0

Investment Linked Policies (ILP)

Investments

Fresh Graduates

Ultimate Hacks: Adulting

Ultimate Investing

Personal Finance 101

Personal Finance Books

Investment Courses

I'm interested in investing my money now to have passive income, but I lack the knowledge on investing. How do I even start and what should I do?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 25 May 2020
I was in a similar position not too long ago. Do loads of research before doing anything, and invest only in products that you know. One of the best books I read recently was "Millionaire Teacher" by Andrew Hallam. It provided great insight for how to structure my portfolio and provides a Singaporean perspective as well. I strongly recommend reading this before you proceed on your next step. All the best with your journey
ūüĎć 0

Investments

FIRE Movement

Passive Income

Robo-Advisors

Stocks Discussion

Online Brokerages

SeedlyTV S2E05

Starting out as a millenial, what do you all think about the woke salaryman’s view that you should passively invest up to 100K?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 17 May 2020
While the 100K goal is a great milestone to hit, financial goals should ultimately be individualised. There are many factors to consider, including age, annual income, family situation and others. In "The Millionaire Next Door", Thomas J. Stanley groups accumulators of wealth according to this formula, which attempts to account for 2 variables: age and annual income. The formula is: Age x pre-tax annual household income from all sources, except inheritances / 10 = your ‚Äúexpected‚ÄĚ net worth "Prodigious accumulators of wealth" are people who have a net worth twice their expected level. Instead of focusing on an absolute number (e.g. $100K), it might be more worthwhile using a formula such as this and reaching for whatever number is expected for your age and annual income.
ūüĎć 0

Stocks Discussion

Investments

SeedlyTV S2E05

Online Brokerages

What is the best day of the month to Dollar Cost Average?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 12 May 2020
Any day ending with 'Y' to be honest
ūüĎć 1

Insurance

Whole Life Insurance

Term Life Insurance

Is it possible to have a single life insurance with coverage > $100,000 or do I need to get multiple life insurance to ensure that coverage is x10 my annual income?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 22 Apr 2020
1 life insurance policy will be enough, you are able to buy the amount of coverage you want. And don't worry about the insurance company going bust during the coverage period, the insurance policy will be covered under SDIC.
ūüĎć 0

Stocks Discussion

Any platform for retail investor to use for fundamental analysis?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 19 Apr 2020
One of my favourite websites is Simply Wall St, gives me good data at a glance. Link here: https://simplywall.st/about
ūüĎć 0

Investments

Should i borrow money from the bank to invest if for example interest on my loan is 6% and i can make 10% then i should do it since i can earn enough to pay for interest?
Adriel Thin
Adriel Thin
Level 4. Prodigy
Answered on 01 Mar 2020
This is called leveraging. If you are sure you're able to making higher than the 6% interest, then why not? However, a few considerations include: 1) Ability to service interests 2) Surety of investments 3) Taking on uncomfortable risk in a bid to obtain higher returns Taking on a leverage to obtain a 4% gain may not be the best idea as you will probably be taking on higher risk in order to get thr 10% returns you are talking about. There are safer investments which can give you the 4% returns you seek.
ūüĎć 0
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