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Alfred Chan

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Alfred Chan

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Alfred Chan

  • Answers (12)
  • Questions (4)
  • Reviews (0)

Robo-Advisors

Investments

Online Brokerages

Uobam robo (latest robo in town)?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered 3d ago
Signed up and received the $20 credits as well. No referrals needed. I can see they mainly invest in US ETFs with the most aggressive portfolio allocating up to 98% in equities and 2% cash
ūüĎć 0

StashAway

Investments

Robo-Advisors

Promo Codes

Could someone share some advice on StashAway and your referral code, if any, please?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 07 May 2020
I prefer stashaway as they do not have any min investment needed to start. there are also different portfolio for you to choose from. If you think that the market is overvalued at the moment, you can simply park your funds in stashaway simple, they now allow transfer of funds from StashAway Simpleto to their core portfolio. Which is a very good alternative for people who want to separate their "investment" funds and earn ineterst at the same time. If you find it useful you can use my referral code at https://www.stashaway.sg/referrals/alfredcn25/
ūüĎć 0

SG Budget Babe

ShopBack GO

Cashback

Would you recommend using Shopback Go?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 09 Dec 2019
From time to time there are promotions for shopback/shopback go (eg:Guardian rebate etc) i would say there AFAIK is no harm using registering your credit card and earn rebates on shopback go. In fact you may actually find surprise cashback in shopback go when you dont expect it.
ūüĎć 1

Salary

Investments

What proportion of your income would you recommend using for investment each month?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Updated on 09 Dec 2019
30% - 50% for now, but only if you already set out your emergency funds and insurance covered. Remember to always have a safety net before investing.
ūüĎć 0

SG Budget Babe

Lifestyle

Savings

Do we keep 6 months of emergency funds based on income or expensed?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 09 Dec 2019
I would say go with 6 month of essential expenses and place them in high interest bank account for liquidity (eg: StandChart Jumpstart, CIMB FastSaver etc) Have another 3 - 6 months of non-essential expenses and keep those in high yield, less risk investments (eg: SSB, bonds etc) In the event where you need more than 6 months of essential expenses (touchwood) at least you will be able to moderate your expenditure based on the additional 3 - 6 months and will not be forced to a loan or liquidate your investements.
ūüĎć 0

Investments

Savings

Retirement

Stocks Discussion

Considered that the dividends earned is little when you started investing young with small capital. Is it still worth to start early?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 08 Dec 2019
Investing early is definitely one of the things to do, but only if you can afford. Since you've mentioned money not seen is money not spent. You can probably automate this process? Perhaps setting up a regular RSP using DBS Invest saver or purchasing of UTs monthly. And slowly build up the pot. After awhile, the pot will grow and perhaps you will learn and appreciate the value of investing early.
ūüĎć 0

Citi PremierMiles Visa Card

Grab

Miles

Do we still earn Citi PremierMiles for Grab reload?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 06 Dec 2019
Yes, you will earn he base rate of 1.2mpd but there are better cards out there that offer a lot more. like UOB one etc.
ūüĎć 0

Grab

Multi Currency Cards

MileLion

SG Budget Babe

Credit Cards

Thoughts about Grabpay Mastercard? Go or no go?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 06 Dec 2019
Many actually want to apply the card cause of the double dipping rewards. You get grab points on top of your usual CC miles/cashback.
ūüĎć 0

Lifestyle

Grab

What do you all use your Grab points on?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 06 Dec 2019
I would save the grab points for discounted/promotional rewards. For example StashAway has $5 off for 1200 points. This works out to be 4.17% of rebates. (using 10 points earned per dollar) The same rate works out for Pezzo, Love Bonito etc. I am sure most in the miles camp claimed the 50% KrisFlyer promo in June. which lets you claim 700 Grab points to 160 Miles (750 for Silver/Gold) 2.28 MPD, on top of the miles/cashback you earned for the topup. If you rarely take grab, these are the options that are more worthwhile IMO.
ūüĎć 0

Lifestyle

Savings

SG Budget Babe

Cashback

MileLion

Miles

Credit Cards

Can anyone share their ranking of the top payment methods based off their perks?
Alfred Chan
Alfred Chan
Level 4. Prodigy
Answered on 26 Nov 2019
FavePay, GrabPay, Paywave then nets. Simply because FavePay earns cashback on top of grab points. GrabPay pays you miles/cashback on top of the points. And paywave if the previous 2 isn't available
ūüĎć 3
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