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Awk D

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Awk D

  • Answers (7)
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CPF

CPF SA

Should I top up SA via cash and transfer OA to SA aggressively in the early years?
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Awk D
Level 3. Wonderkid
Answered on 03 Mar 2020
I think the ultimate question is whether you think cash is better or a saving account with guaranteed interest of 4%. Then I would probably choose cash. The flexibility to choose to spend and invest is within control of the individual. It is a trade off ultimately. Here is the take. 1, If income permits, then still top up SA and SRS accordingly. The FRS will hit eventually and don't worry about so much. There should be other ways to save tax when you are richer. :) 2, don't over top up SA for self and loved ones. As cash should have more value than SA top up. If used properly. Like get a good investment, a good vacation with family. A better housing and necessity spending. 3, if I am not purchasing a flat, then I should transfer OA to SA for better interest rate. As it is all locked up there and no use. 4, If I want to purchase flat. The question is whether I want to use cash or CPF OA to fund the purchase. Then it depends on how valuable each is. If cash is giving 5% yield and capital appreciation. And CPF is giving 2.5%. Then CPF OA is not as costly as cash. If cash is giving 1%, then should use cash.
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Property

Investments

Lifestyle

Career

Would investing in a property as an EP holder help with my chances of a PR? Does anyone have experience around that?
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Awk D
Level 3. Wonderkid
Answered on 25 Feb 2020
Doesn't have help on pr. Probably do more community work will help.
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Stocks Discussion

Investments

What is happening to the BreadTalk group share price?
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Awk D
Level 3. Wonderkid
Answered on 25 Feb 2020
Probably due to the virus and also the recent management change. They also expand quite aggressively so the economy downturn has a negative impact on the share price.
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Investments

Stocks Discussion

Saxo Trading Platform Holding Currency?
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Awk D
Level 3. Wonderkid
Answered on 25 Feb 2020
It is possible. Tell them to upgrade your account to have multiple currency account. For example, one in SGD and one in USD. But additional funding may be required. And you probably cannot transfer shares and settle trade between these two accounts.
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Investments

Stocks Discussion

Saxo P/L Calculation?
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Awk D
Level 3. Wonderkid
Answered on 25 Feb 2020
The p/l should include the commission so the number is not just current price minus brought price and times the quantity. The commission is a bit more than 4 USD per transaction. So they add in the buy transaction actual cost and forecast your sell transaction cost. For this kind of questions, I feel it is better to ask Saxo directly.
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Investments

Technical Analysis

What is YOUR general investing philosophy/strategy?
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Awk D
Level 3. Wonderkid
Answered on 25 Feb 2020
- Invest in yourself (can invest by doing better in your career, can invest on knowledge for investing asset. - use the cash to invest in something you believe (for non professional, investment is only a part of your life. Don't let it rule your life. ) Such as high yield and stable REIT. Blue chip stocks. - use other asset to invest, such as your CPF and house. I am comfortable to top up CPF for minimum 4% annual interest. For housing, invest with your limit, my belief is that housing is always for use first not really for speculation. But as house is quite a sizeable amount to spend / invest. So choose a house that is comfortable and mitigate the inflation of CPI.
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Property

Investments

Lifestyle

Loans

If you can afford to pay for a house in full using cash, is it better to do that instead of taking a loan? Thanks?
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Awk D
Level 3. Wonderkid
Answered on 20 Sep 2019
If the loan interest is high where you cannot find investing opportunities to beat the loan interest, then clear the loan first. For example, everyone will pay the credit card first. Because credit card interest is very high (24% or more a year). But most people have house loan, it is because you donā€™t have to pay full and home loan is the lowest interest in credit facility you can get. Another example is the company. Even though the company has cash, they still issue notes to get more cash. It is because they want to take advantage of current low interest. The same principle applies to personal also. If you invest diligently, should not be difficult to get a 3% return year on year. Already beat up the loan part.
šŸ‘ 2
Level 3. Wonderkid
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