Amir shyam - Seedly
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I am a student for the good old mss

Amir shyam

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I am a student for the good old mss

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Amir shyam

  • Answers (6)
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CPF

Savings

SeedlyTV S2E08

Loo said that when you're young, there's no need to show off. Do you agree? And if you have a kid, will you choose to use a $1 diaper or a zero cost napkin to wrap around your kid?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
Umm , I agree with you saying that we shouldn't show off unnecessary but there is unique s of this question. This is a good example wants versus needs. We know the diaper are going to cost a lot of money but it is a need. The price is up to debate to see what is worth it but at the end of the day we still need diapers for our kids
ūüĎć 0

SeedlyTV S2E09

Cryptocurrency

MCO Visa Card

Investments

What are some real limitations and cons of Cryptocurrency & digital assets that nobody talks about?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
I think one of the real limitations of crypto is their environmentally impact on the environment.Here is a quote by Forbes on jul 8,2019. "It found that Bitcoin uses an estimated 61.76 terawatt-hours (TWh) of electricity per year - more than many countries and approximately 0.28% of total global electricity consumption" This will have important impact on the energy industry and climate as the every increase usage of energy is too bad for the environment if we continue to use Fossil fuel for it.
ūüĎć 0

COVID-19

Investments

Commodities

During global pandemics & wars, many would say that precious metals value increase during those times. If you think the end of the word is near, would you invest in Gold/Silver?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
Nah man . If the end of the world is coming we should buy toilet paper. How can you wipe your ass with gold
ūüĎć 0

Lifestyle

FIRE Movement

Savings

COVID-19

Career

What do you think about "micro-business", e.g. selling of Wou Wou/Ellure masks/detox drinks and other products on Instagram/FB? Do you think it is a good form of side income?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
In my opinion it is a bad idea. Selling in the mirco economy is still a very hard thing for a experience person . So you can imagine the struggle a fresh person like you and I to experience.An advice I was given by a person was to ask yourself this simple question which is do provide value to your customers . Many of the product can be easily sold on a third party website and you are just like a unnecessary middle man. So to stand out from the crowd it is advisable somehow provide value to the product which you are selling to your customers.
ūüĎć 0

Investments

COVID-19

Savings Accounts

STI ETF

S&P 500 Index

Online Brokerages

Endowment Policies

If you have spare cash available, what would you do during this pandemic?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
If I have the spare cash (moderate amount) I would try to improve myself by purchase course to help in more volatile time.
ūüĎć 0

Investments

Family

SG Budget Babe

Savings

Savings Accounts

How do you convince your parents that money in the savings account is just rotting away and should be taken out to invest?
AS
Amir shyam
Level 3. Wonderkid
Answered 2w ago
I personally feel that you can convince them showing there save account is lossing money showing them the cost of inflation of basic consumer good then showing them basic investment which does not have high ROI but safer. Remember this, investing is like a work out . There are many kinds of investing but it is still better then nothing
ūüĎć 0
Level 3. Wonderkid
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