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Billy Ko

7 years vested in the stock market

Billy Ko

Analyst at ClubMed

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7 years vested in the stock market

Credentials

Analyst at ClubMed

Billy Ko

Analyst at ClubMed

  • Answers (297)
  • Questions (6)
  • Reviews (2)

DBS Vickers Securities

DBS

Online Brokerages

Investments

What can I do if I have used DBS cash upfront to buy stock, but I feel like selling before settlement date if there is major sell-off or stocks have risen to my targeted price?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 1w ago
Hi there! As stated in DBS's website https://www.dbs.com.sg/vickers/en/resources/faq/cash-upfront-account "Can I do contra trading with DBS Vickers Cash Upfront Account? No, contra trading is not allowed with DBS Vickers Cash Upfront Account."
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Stocks Discussion

Investments

DBS Vickers Securities

Online Brokerages

How do you buy DBS stock?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 1w ago
Not really certain of the intent in asking this question but there are 2 main ways that you can buy DBS stocks - through a custodian account (i.e. Stanchart) or through a CDP-linked brokerage account (i.e. DBS vickers). I use the latter for my trades.
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OCBC Frank Account

DBS

Savings Accounts

Savings

I've had OCBC Frank acct for awhile but decided to transfer everything to my DBS bank acct. Any penalty if my Frank acct is zero? Or should I close down the acct entirely?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 1w ago
If you're above 26, then yes, there's a penalty fee if your balance falls below $1000. If you're not yet 26, the above is what you'll be mailed with when you're 26. Hence the best is to just close the account to not incurr unnecessary additional costs
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Investments

Online Brokerages

Economics

Will there be another "dot com" bubble? What should you do with your investments in that situation?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 2w ago
I have under my possession 3 out of the 5 FAANG stocks. The main question I feel should be asked is whether the current prices are justified? And honestly speaking, I feel it does, for some. In an epidemic, where physical shops are forced to closed, people would have to turn to online shopping, therefore stocks such as Alibaba and Amazon which are forecasted to report higher earnings in their upcoming earnings report have their stock price driven till such highs. However, when we take a look at the likes of Facebook and Google where their main source of income is derived from adverts, and we see that in recent days, many companies have pulled their adverts from Facebook and with places closing, businesses are forced to cut down on their advertising expenditure too. And we have Netflix which despite the increase in subscriptions, still fell in prices which is probably due to the short-term nature of the stock due to its plans which require no contract. I expect its prices to look back towards its pre-covid prices once life stabilises.
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Bonds

Singapore Saving Bonds (SSB)

Investments

Online Brokerages

What is the best platform to buy corporate/gov bonds?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 3w ago
Fundsupermart / FSMOne has bonds listed there. However do note that minimum purchase for corporate/govt bonds is $250K. Alternatively, you could look at retail bonds listed on SGX i.e Astrea
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Investments

Stocks Discussion

Online Brokerages

For US stocks, should I go for dividend or growth stocks since there are 30% taxes for dividends? I intend to go for at least 3 months to 2 years. Any advice?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 3w ago
You need to consider (aside from the 30% dividend tax), how much handling fees do brokerage firms charge. Take for e.g. a company that offers 5% dividend yield. Post tax = 3.5%. FSM charges a $2 handling fee. So if you were to work backwards, your dividends would minimally have to be $2 / 3.5%. Therefore it really depends on how much capital you put in for dividend yielding stocks. But personally, US growth stocks has not disappointed me.
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Fresh Graduates

Career

Education

What skills are required to start a career as a financial analyst or just a typical analyst job?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 3w ago
Hi there, there are different forms of analysts. But in a nutshell, below are the skills that I use / have commonly come across during applications: Hard Skills 1) Advanced Excel (Nested IFs / VLookUp / Pivot Table / Index & Match etc.) 2) Excel Dashboards (Present data graphically so that it is clear, useful and informative) 3) Coding (Depends on industry / nature of role) - R, Python, C 4) Statistics (Standard Deviation, Distribution curve etc.) 5) Business Intelligence software (Tableau, Qlikview) 6) Developing a financial model from scratch , relevant analysis - Monte Carlo, Football Field to ultimately get your valuation (For financial analysts) Soft Skills ++ 1) Meticulous - As you are dealing with numbers, it is important to be accurate and detailed-conscious 2) Comfortable with tremendous amount of data - Data is to analysts, an uncut diamond, hence the role of an analyst is to really bring out the value of these data in the decision making of the company 3) Strong-willed - You need to have confidence in your analysis by ensuring all bases are covered and all factors have been taken into account (Hence you usually have best/worst case scenario if one is doing modelling / forecasting). When people question you about your analysis, you need to have the relevant explainations to explain why certain assumptions are taken in the analysis. Hope the above is useful. May you excel (See what I did there) in your current / future role as an analyst!
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Investments

Online Brokerages

Brokerages

Trading

Stocks Discussion

Can I trade without opening an online trading account?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Updated 3w ago
Hi Anon, A CDP account is like a bank account for stocks. Stocks that are bought / sold are then withdrawn / deposited into your CDP account. However, to trade stocks, you need access to the stock exchange / market, something that only brokerage / trading firms have. Therefore, you are required to set up a brokerage account with a trading firm (FOC) and you will only need to pay when you trade (depending on which brokerage firm you open an account with). Therefore, I think what your friends are referring to is 1 trading account (CDP is not a trading account). On the question of how you obtained the Singtel shares without even opening a brokerage account, I think this article solves your mystery -- https://dollarsandsense.sg/older-singaporeans-never-bought-stocks-singtel-shares-cpf-account/ Anyway, a simple graphic to illustrate the process: !
Answer image preview
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COVID-19

Investments

Stocks Discussion

Online Brokerages

In a crisis, should I buy growth stocks or buy defensive stocks?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered 3w ago
A lot also depends on the industry the growth stocks are in and what sort of crisis you're referring to. Take a look now, you see many tech growth stocks at 52 week highs. But if the crisis is tech-related such as the dot.com bubble period, I'm pretty sure it'd be vice-versa. Hence, I minimise my volatility by ensuring I have low beta stocks as well.
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DBS Safra Card

Credit Cards

First time applying for Safra card. Is it compulsory to spend minimum $500 on every month?
Billy Ko
Billy Ko, Analyst at ClubMed
Level 7. Grand Master
Answered on 08 Jul 2020
Hi Mohamad, Based on DBS's website " Simply spend a min. of S$500 in a calendar month to qualify for: - 3% cash rebate on your local Mastercard contactless transactions (including bus/train rides via SimplyGo ); - 3% cash rebate on online transactions; and - 0.3% cash rebate on all other retail transactions" If you wish to receive the above benefits by using the card, you'd have to spend $500 each month.
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