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Aidan Neo

Content Creation Solution Specialist

Aidan Neo

Financial Services Consultant at Manulife Financial Advisers

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Content Creation Solution Specialist

Credentials

Financial Services Consultant at Manulife Financial Advisers

Aidan Neo

Financial Services Consultant at Manulife Financial Advisers

  • Answers (10)
  • Questions (0)
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National Service (NS)

Savings

Investments

Enlisting with 10k savings, should I just save my ns pay or invest? Is it worth investing at small amounts?
You can consider parking your $10,000 savings in a high yield account such as singlife for rainy days and emergency days. On the other hand, start a monthly contribution to investment with your NS salary. It's perfectly fine to invest in small amount as long as it's cost effective. Areas you can consider are Roboadvisor, FSM ETF/UT investing. If you need someone to manage for you, then i recommend you engage a competent and trustable agent to work with over the long term.
ūüĎć 0

Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Whole Life Insurance

Term Life Insurance

I'm 23/F, under the SGUnited Traineeship, drawing $2.5k a month. I am thinking of either getting a Term Life + CI Rider or a Whole Life plan before the CI definition changes. Any suggestions?
I believe the main concern is also the job security since you are under the SGUnited Traineeship, then in case you might want to consider a short term insurance + TPD + ECI/CI so that you still can enjoy high coverage at a low premium. When you have better job security, you can then decide whether a whole life will fit into your planning since you do not plan to have kids in the future. Whole life helps in your later stage insurance coverage especially TPD and CI. Rushing to get insurance just because of the CI changes without evaluating your affordability and sustainability may be detrimental. But of course, this also depends on your commitment and budgeting. In the future, other areas of concern would be long term care and retirement since you will be relying on yourself only. Feel free to talk to other agent to have second opinion too! All the best!
ūüĎć 2

Investments

Stocks Discussion

Online Brokerages

Interactive Brokers

DCA and dividend reinvesting on IBKR?
For DCA, you have to do manually. They don't have any RSP sort option for you. Dividend Reinvestment is available to IB LLC, IB CAN and IB UK clients only. https://www.interactivebrokers.com/en/software/am/am/manageaccount/dividendreinvestment.htm If you are concerned about the dividend reinvestment for ETF, you can consider accumulating ETF instead.
ūüĎć 0

Investments

Undergraduate

What is the best investment plan for a full-time student?
Not to be corny, but the best investment plan is none other than you. Investment plan is just a plan and platform for you to start investing but the underlying investments are the important ones to be taken care of. That's where you need to understand what/where/how they are investing in. This is the same for all investments, and this is why investment in knowledge always pays the best interest.
ūüĎć 0

Investments

Savings

National Service (NS)

ETF

I have a savings of 10k, entering ns soon. Should I use part of the money to invest now or keep all 10k as emergency fund and only start investing with my ns income?
In this case, I would recommend still continue parking your $10,000 as emergency fund in Singlife because it will serve a good buffer for any rainy day as well, need not to be emergency. Sounds like a reasonable amount too as well. On the other hand, it sounds good to invest a portion monthly of your NS income to ETF and start building your portfolio as you will be able to participate in the market at a very young age and add more funds in the future. Overall, it looks like a promising good start!
ūüĎć 0

Investments

COVID-19

Stocks Discussion

Should I sell my US stocks if I feel the market will crash again?
The market in fact has already picked up, lest for the US market. I don't think you should because of that reason unless you are doing some portfolio rebalancing or having changes to your asset allocation. If so, you may consider to take profit or reduce exposure but not recommended to sell all completely and become a market timer. People who try to time the market tend to lose out more than people who tide through the crashes because of the emotional decision making. As long as your holding horizon is there, you should hold as long as you could unless your investment fundamental changes. Don't think custodian fees will make a huge impact to your stocks, just part and parcel in investing.
ūüĎć 0

Investments

Stocks Discussion

Seeing that the S&P 500 is near record highs does it make sense to tune down the risk levels if you are using roboadvisers at this moment?
Unless you are expecting the price to come down, if not why would you want to tune down? In this case, like what Aaron has mentioned, what's the point of investing in growth ETF if you are envisioning a ceiling? It's like capping your business profit because you feel like you earn too much. Don't try to time cause you will be losing out on opportunity if the S&P 500 did nothing but to continue rise for the next year. We invest based on your risk tolerance, time horizon, and objectives. If none of those factors has changed, always stick to your risk profile. When such circumstances happen, you can apply strategy like DCA instead of changing your whole investment principles and fundamentals.
ūüĎć 1

Online Brokerages

Investments

FSMOne Fundsupermart

Regular Shares Savings Plans (RSS/RSP)

ETF

Interactive Brokers

Hi! What are the differences if i use FSMone RSP vs IBKR to buy ETFs?
First of all, you have to know what ETF you plan to invest cause like you mentioned, FSM does not offer LSE. Technically for IBKR, you have to RSP manually yourself cause they don't do GIRO deduction or any sort. However, what concern most of the people is the monthly fee of $10 commission minimum for accounts with $100,000 or less. Assuming you only RSP $200 monthly into IBKR and being charged $10 monthly, the % fee is like ~5% which is not so cost effective. Whereas for FSM, the commission charge is $1 for ETF RSP. Of course, more variables to consider would be the FX spread and choices of ETF. FSM RSP ETF has limited choices as compared to IBKR. Will only advise people to use IBKR from the start if they know they won't take long to achieve the $100,000 mark as they will not wasting money easily on the fees. Because other than that, I think IBKR win hands down in all areas. When you said move on, you mean stop RSP and pick individual stock / asset class yourself? It depends on your investment commitment too as well. If you are too busy to allocate time for investment research, perhaps continuous RSP into ETF will be a better option.
ūüĎć 0

Investments

Savings Accounts

Online Brokerages

Robo-Advisors

I am currently a fresh graduate earning 2.9k/month before cpf deductions (yes, i know its not a lot). I would like your advice on how to handle the 40k i saved so far - inclusive of emergency fund. Any suggestions?
First of all, don't feel disheartened on your income, everyone started somewhere. And kudos on the ability to save substantially till now! How to handle the $40,000 really depends on what plans you have ahead of you. After which, it boils down to your investment objective, vehicles preference and investment arsenal. Easy way out may be through robo-investor or you can even lump sum into FSM S&P 500 ETF as the charges are lower over the long term. Everyone has different objectives on investing. Some want dividend, while others may want huge capital growth. That's where asset class and geographical allocation play a huge part on how the objectives can be achieved, such as REIT/ETF/UT/Stock/Physical Gold. But certainly, risk involved and strategy would be different as well. Once you are able to sort them out, you definitely have a clear picture on your portfolio. Should you need help to understand them, do seek help as well.
ūüĎć 0

Investments

CPF

CPF SA

Retirement

I have 100k in cpf special account. Although cpf SA earns interest of min 4 %; wld like to invest for more return, what should i invest?
I would not recommend investing your CPF SA fund. CPF SA approved investment choices are rather limited and usually is towards low volatility asset class. Considering exposed yourself to the risk while you can get 4% from your SA risk free, I'm unsure if that's worth it for you. Any volatility loss would not be good cause your SA fund would have been continuously compounded. Like Elijah has mentioned, unless your SA funds is a insignificant piece of your net worth and you are willing to expose yourself to such risk, then you may look at CPF SA approved mutual funds and do your own due diligence onwards.
ūüĎć 0
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