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Alvin Teo

Aviva Relationship Consultant at Aviva Affinity Channel

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Credentials

Aviva Relationship Consultant at Aviva Affinity Channel

Alvin Teo

Aviva Relationship Consultant at Aviva Affinity Channel

  • Answers (118)
  • Questions (0)
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Career

Investments

Savings

What are the other ways to generate more income?
Alvin Teo
Alvin Teo
Level 6. Master
Answered on 26 Apr 2020
What are you doing right now to generate income first?
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Investments

Stocks Discussion

Singapore Airlines (SIA)

Online Brokerages

Travel

What happens if i dont intend to inject more capital to SIA's rights issuance proposal? And how do i set about to ensure this?
Alvin Teo
Alvin Teo
Level 6. Master
Answered on 25 Apr 2020
1) firstly you shouldn’t be just buying 100 shares, seeing you are a beginner, the brokerage fees alone may be a very high hurdle to cross before you start profiting. Meaning you buy $9/share, the first 2-3% gains is just for brokerage and that is a lot. 2) you don’t want to invest but SIA’s backers has strong intentions to see this rights issue go through. So you can tick ‘against’ using your 100 shares as voting rights but it’s not doing much. 3) if your intention is to cut losses, should do it when you want to do it, don’t time the market to go up again. Plus looking at how things are going it’s not hard to guess where it’ll go next.
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Investments

Stocks Discussion

Thoughts on Koda Ltd (SGX:BJZ)?
Alvin Teo
Alvin Teo
Level 6. Master
Answered on 25 Apr 2020
The company has good fundamentals (no debt) but I’m also wary that it might be value trap. No debt is good thing but it needs to make money also so that the value can be “unlocked”. It’s arm selling outdoor furnitures is not bad
👍 1

Retirement

Investments

FIRE Movement

Any advice for a newbie trying to plan for retirement?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
Anyone who hasn’t retired yet here is just doing their best guesswork. Myself including. In the past, there is no excel, so how those old people who retired comfortably plan? After interviewing a few of them, the common thing they did is to first plan out, as precisely as you can, how you want your retirement to be. Investing for returns is not everything (granted they did undergo an era of growth in Singapore where bank interest rates is 5%!) Then, go and discover the various ways to generate income streams for you. Considering now we are undergoing a pandemic, maybe you want to include an income stream that will not be sensitive to such situations. In the first step, you planned how much you need, so now, do a simple projection based on your current efforts (investments/salary/savings) and find out how much you will end up with. Then either adjust your retirement lifestyle or have more inputs into current efforts to meet your retirement lifestyle. This exercise is about managing expectations. Anything that is measured will improve so keep that in mind. The best battle strategy in a war will not work if the military assets is not able to achieve the multiple campaigns in the battle plan. I did write an article about this, there is a tracker inside to help do some projections based on your current assets. Had previously written an article on this topic, retirement is all about managing expectations. PS: Follow TheAstuteParent on Telegram W
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FIRE Movement

Investments

I have seen quite a lot of people discussing about FIRE movement in the forum? Is this a new acronyms? What does it stands for?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
It means that person on some level is very good at managing money so he was awarded with ability to retire early and not be financially dependent (on a job for wages). Their money work for them. They don’t need to work for money. P.S. Join us on Telegram to learn more.
👍 1

Savings Accounts

Savings

Investments

Standard Chartered JumpStart Account

Where to put my emergency fund?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
Emergency funds first and foremost requires the money to be accessible anytime and can withdraw anytime without any consequences and quickly. As such, a savings bank accounts fits this rather than low risk investments. Not only SSB takes slightly longer to withdraw than regular bank accounts, it’s returns if subscribed now is much lower than accounts like multiplier or jumpstart account or Uob one. p.s. Join us on Telegram to learn more about Personal Finance.
👍 1

Property

Undergraduate

Savings

What is the best way for an undergraduate to save up for a house within 5-10 years all while studying?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
On a personal level you should focus on leveling up your worth to earn higher pay. You won’t be undergraduate forever. Learn to aim for items within your means. For accumulating, you can follow a certain allocation to invest and save. And once you book your flat, do not keep on investing in stocks and pursue something fixed and guaranteed. Imagine people who only invest and now they have to pay for their house deposit. It’s gonna only make them realize their paper losses. Sit down with an honest, properly licensed financial adviser and start a relationship with each other built on trust (meaning to believe each other, not the financial term trust). I’m an advisor myself but I’m speaking as someone who has already got married and own my own flat (I did all these before I even harbored the thought of entering the industry). Now more than ever, it’s time to be productive at your work, not only you may get to earn more but more importantly, your productivity contributes to the GDP. All these investment is no good if we are not competitive as a nation. PS: Follow us also on telegram!
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Savings

Lifestyle

Refinancing

Loans

Is now a good time to refinance loans?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
Typically there are fees when it comes to refinancing. Banks typically shape products to be advantageous to them in a few years time. also, Singapore banks are going to move to Singapore Overnight Rate Average instead of relying on SOR rates to keep rates stable, we do not know if SORA will be higher or lower Than SIBOR. Either way, speak to a mortgage broker to see what are your options as far as refinancing goes. for yourself, emphasize on earning more so that you can complete your loans quicker. PS, follow us on Telegram to learn more about personal finance.
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COVID-19

Travel

Stocks Discussion

Investments

Singapore Airlines (SIA)

Online Brokerages

Singapore Airlines is cutting 96% of the capacity due to the tightened border controls to stem Covid-19. SIA (SGX: C6L) shares are currently at a low of S$5.40. Is now a good time to buy SIA shares?
Alvin Teo
Alvin Teo
Level 6. Master
Updated on 30 Mar 2020
Some people will tell you yes, but given current situation, Some more might tell you no. but for sure legends like warren Buffett or Walter schloss is going to tell you they don't know. And if they don't know, most people won't know either. also, it's never a good day to buy stocks on a weekday. Price is not everything, it is just the denominator here. You need to earn about what the Figures is telling you about the business. Join us on telegram to read more.
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Insurance

CPF

Whole Life Insurance

Term Life Insurance

Critical Illness (CI)

My parents (about 60 yo) and I have NTUC Incomeshield. No life ins/CI plans. My dad is self-employed and does not have much CPF nor savings. As the only child earning about $3.5k, any suggestion?
Alvin Teo
Alvin Teo
Level 6. Master
Answered on 05 Mar 2020
Hi Anon, Given your situation, I would suggest these 3: Personal accident plans They cost very little but can cover you in case you get “taken out of action” due to an accident. either to cover your medical expenses or more the PA plan should be able to cover you. Shield/Hospitalization plans Then I would relook at IncomeShield, not to replace them if there is pre-existing but to review it’s premiums vs affordability. Disability coverage And thereafter, consider elder shield/careshield life to cover in events of disability. And along with these, you should look at getting Wills/CPF nomination/LPA/AMD done as well. These aren’t insurance plans but it speeds up the process of inheritance money. There you have it, I can offer you many many things but it’s pointless, start with these items that are essential. You can look at managing cpf monies for you and your parents. However little it is, you still have to look at it. Myself is an independent financial advisor, I go beyond offering insurance products even though I can offer from multiple companies. All the best. P.s. I can be contacted at [email protected]
👍 1
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