Alex Chua Cheng En

Eager learner of investment (learn it for 6 months). Have been playing with p2p lending platform (funding societies) for 4 months

Alex Chua Cheng En

Pcme at Anderson Junior College

16Upvotes

About

Eager learner of investment (learn it for 6 months). Have been playing with p2p lending platform (funding societies) for 4 months

Credentials

Pcme at Anderson Junior College

Alex Chua Cheng En

Pcme at Anderson Junior College

16Upvotes
  • Answers (23)
  • Questions (2)
  • Reviews (1)

Investments

I wouldn't say it is a bet but rather which would you prefer? '' Assuming'' that both SSB and temasek have the same level of risk (or claimed to be due to temasek can be seen on par with the government itself by most Singaporeans), which would you choose? SSB: Withdrawal anytime (volatility) with $2 processing fee At the same time, earn step up interest. Matured after a decade Temasek Higher interest rate than SSB within 5 years But, lock in for 5 years In reality, temasek is a corporate bond not sg government so hold a higher risk. If you are unsure, why not both? As for the portion of distribution, ask yourself which do you prefer.

Savings

Investments

Bank Account

Since u have yet to start NS, u can create a CIMB fast saver to park your money with 1% interest annually. If you are confident of not withdrawing your money for 10 years, put into singapore saving bond(SSB). This will maximise the your interest of up to 2.6%. If you just want to park for 3 years, it will only get you less than 2% interest. Read up more. If you just wanna experience, go ahead and put in the minimum sum. Go read up and do a fact check Once you have started NS which lasted 2 years. Put into SAYS. This will earn you 2.25% +a bonus yearly cash gift. Do note that this is a 2 year fixed deposit and need to commit to maximise the yield. https://www.posb.com.sg/personal/deposits/savings-accounts/says No point putting into multiplier account as it is hard for NSF and students to meet the minimum requirements to earn the interest. Even if you do meet, you are losing more than you earn. At the meantime, u may want to learn investment. This can be easily be done by monthly investment plan, eg Posb invest saver, etc. Put into STI and hold as long as you can. Note, it is not capital guarantee. For more info, https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/

Funding Societies

Investments

Loans

I have here's my promo code. Ended on 31April. The referral code is received $18 cashback when invested at least $500 Pm me :=)

Investments

Loans

Education

(Edited: summary below) I understand you because I am in the same position as you. It is just that I have national service and I have just completed it. Based on what I infer, you fail to get scholarship as most admissions have ended. A better choice after loans is getting a bursary from your university. Consult your university 's financial advisor. They will give you a better answer. At the meantime, are you under low income? If yes, financial assistance scheme. Bursary and financial assistance will lower your financial burden but you still need to get study loan. At the meantime, focus on your university to get a mid-term scholarship. Consult with your parents, how far can they support you during university? What you can do from now till university is to use the time to get more cash, more savings for your university. Learn about personal finance too to maximise your cash flow during university. If you really want to invest, start with regular saving plans (sti etf) using the minimum amount ($50). This is meant for long term. However, you need to ask yourself, do you know anything about investing. Without prior knowledge, you are losing more than you earn. Basically gambling. From your situation, you could hardly afford to invest within 3 months because you need the money when u start university . Is your choice of investment highly liquidable? Basically, high liquidity and cash inflow should be your focus. If you really want to earn money with money (invest), you could consider SSB. Low risk, low return. Better returns after locking for 10 years. If you are really willing to take the risk, you can consider p2p- lending. The longest holding time is 12-24 months (may pay back monthly in instalment). The shorter is 30-90 days for invoice financing. Research about the various p2p lending platform before starting. Read the reviews from seedly and other financial blogs. I do make some comments about p2p lending and there are guidelines you could listen and apply to in the forum. My personal advice is don't invest unless you learn to manage your money. Just focus on part time job. Furthermore, I do not get which is a better choice for you because there isn't anything for me to compare to. You ought to be asking yourself how you could improve or lighten your position. (former is how you could rephrase your questions and mindset) Even if you do take loans because you have no other better choices, how can u get rid of the debt within your comfortable means? Summary: 1.it is actually OK to take loan. The most important part is how you learn to deal with it after university or even during. 2. Avoid investing because You need cash on hand to access anytime, not locking in investing. 3. What I recommend you is learn to budget(spend wisely) and save smartly.

Insurance

Dear anonymous, change your tag for the benefits of the mess as it does not suit the topic of your questions. Adding on to @Jay Liu and @ HC Tang whom I share the same idea with (why not BOTH especially u have the cash?) : As a new investor (I just started too...), you wanted to get started somewhere. You are eager to. But you don't know how. You want to maximise learning experience , knowing and familiarise the market, getting a higher possible returns , with a lower possible risk and the lowest possible cost . STI ETF (or posb invest saver) is a good way to get things started. Well-diversified + low cost + potential gains in the long run. You can thereafter start researching about local market. Robo advisors are something you can start too because it meets your needs and wants. (Diversification and understanding global market). Different robo advisors provide different opportunities and style so do your diligence and choose your preferences and requirements before started with one (risk assessment). You can familiarise with the impact of currencies on your capitals/ results. Thus, the returns will definitely be affected, positively and negatively. Hope this is helpful. I have done research on robo-advisors but no prior experience. P. S: If only I have capital to start :(

P2P Lending

Alex Chua Cheng En
Alex Chua Cheng En,
Level 3. Wonderkid
Updated 2w ago
Most informations about educating to read the factsheet of the campaign can be found on the blog or Q&A of the p2p platforms. Different platforms have different way of distributing information of the campaigns. I can only comment about funding societies as I have 4 months of experience with it. Informative factsheet and good management team Coassets have a good reputation, and almost 0 defaults, listed in Australia (do your research) Mininterest includes personality profile of the borrower for the campaign. In regard to company info, Google.

Investments

Funding Societies

P2P Lending

Alex Chua Cheng En
Alex Chua Cheng En,
Level 3. Wonderkid
Updated 2w ago
Note the risk of the campaign for the least to the most : secured by property < invoice finance < Term finance. (1) this determines the interest rates. The higher the interest rates, the higher the risk. I managed to research that FS management will do a round of company checks before approving the campaign. It is more or less if you are comfortable with the borrowers. I personally feel that credit score (2) is the least important. There is a reason why SMEs seeked p2p (poor credit history - rarely borrow money from banks.) (3)Guarantor(great especially there is) (4) Lending history with FS 5) Loan purpose 6)payment behavior (attitude of borrower) 7) Risk snapshot 8) ensure they have relatively healthy cashflow or /and net worth I am still learning to read the financial ratios. Need help with it if anyone knows. Would do a research on it when I have 6months - 1years of experience ( about 100 campaign closed) So far understand inventory turnover for non service companies

P2P Lending

SeedlyTV EP07

Investments

Alex Chua Cheng En
Alex Chua Cheng En,
Level 3. Wonderkid
Updated 2w ago
Another way you could look at defaults payment is earning more (though the chance is low). Find out why the payment is defaulted? do they have a guarantor to back them up to return back the investors' money in case of defaults? The most important things like what adele said are learn from the reasons behind your loss and carry on focusing on earning back the losses. No point crying over spilt milk.

Savings

Bank Account

Before explaining, you have to understand what does money do, its function. 1) money is a medium for exchange. In order to do that, money holds a value 2) store for value and has 3)a unit of account to measure the value of goods and services you are going to exchange. So, you could argue money has no or depreciating value because banks or the government print money (money inflated). There is little value of money as you do not possess the goods or services. On the other hand, money can be used to exchange for more valuable things such as business, land, etc or necessity such as food and water. Will it be worthless in the future?? Well. What do you think? Money is a medium or a tool to get the thing you want. Money is just something on its own. It is worthwhile when you use it to get the things you want that creates value to you. Thus, money would not be useless. In conclusion, you should instead ask yourself, what do u want to do with money?? If you do not like the 'intangible' value of money, exchange the money with things that you view as of tangible or appreciating value

Investments

Alex Chua Cheng En
Alex Chua Cheng En, Pcme at Anderson Junior College
Level 3. Wonderkid
Answered on 08 May 2019
The answer: it is very difficult to understand Mr market, unpredictable. Adding on the what Brandan Chen and Billy Ko: Here are some of my comprehension and insights from Benjamin Graham's margin of safety. Instead of timing the market, have a game plan of WHEN you have decided to enter and exit the market. The usefulness behind margin of safety is to reduce risk/loss from human error and/or your analysis such that you can maximise your returns. This brings into the definition of time in market' mentioned by other commenters on 'the period of time you want your stocks/index/etfs to be compounded'. - P. S: humble advice from books' insights and experience. No prior experience from myself yet. Only analysis
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