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Catsnipss

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Catsnipss

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Catsnipss

  • Answers (7)
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Savings

Bank Account

DBS

DBS Multiplier Account

Catsnipss
Catsnipss
Level 3. Wonderkid
Answered on 15 Jan 2020
What much do you spend on your credit card now? You need to consider if you change to ocbc or uob, you have credit card minimum spending. Dbs doesn't have any minimum spend, even $1 will do. Salary credit and credit card give you a already decent interest. Since the new amendment is that it's CAP at 25k for salary credit and Credit card, you still benefits from it. Don't go into spending more to fulfil your higher tier interest.

Investments

Savings

Credit Card

Bank Account

DBS Multiplier Account

Catsnipss
Catsnipss
Level 3. Wonderkid
Answered on 15 Jan 2020
Either uob1 or ocbc360 could be a good alternative However I really like dbs no minimum credit spend, allows me to hit 1 category easily to be tiered at 1.95% BUT cap at 25K. you can explore cimb fast saver, or stashaway simple to put your overflow cash. Im sticking to DBS because I don't think im able to hit the minimum spend on credit cards for uob / ocbc.

Savings

Lifestyle

Loans

Bank Account

Insurance

Fresh Graduates

Debt

POSB

Catsnipss
Catsnipss
Level 3. Wonderkid
Answered on 15 Jan 2020
1) Read up on Savings account. It should be the first thing you do. Eg. UOB1 / Ocbc. Get a higher tier interest. Credit your salary, credit card to pay your bills. However, don't expect much since your stash isn't gonna make much difference. 2)Manage your cash flow. Limit yourself to how much you spend each month. Food/ transport/ parents allowance/ insurance etc. Focus in earning more if possible. Be as kiam as you can but not to point of ppl say you kiam siap. 3)Pay off your debt first. Then save even more. Don't get to eager into investment, your small captal isn't gonna make alot difference , instead read up and build your knowledge base.

Investments

StashAway

Robo-Advisors

Catsnipss
Catsnipss
Level 3. Wonderkid
Updated on 15 Jan 2020
Yes, it definitely a good app to kick start your journey. Start really small and experience the volitility of the market. Get use to see paper loss, don't get too happy when you see profit. Meanwhile do read up more on investing, consider opening a brokerage account if you are confident enough.

Stocks Discussion

REITs

Dividends

FSM INVEST EXPO 2020

Investments

Catsnipss
Catsnipss
Level 3. Wonderkid
Answered on 15 Jan 2020
One advise is do not buy a REIT purely base on its Yield. Some REITs yield can be very attractive eg 7 or 8%. Do ur research on the reit, price to book, their sponser, WALE, Gearing ratio. Google and You can find how to analysis reit easily. You can choose to look at larger cap reits, however I feel they may be at a pricy side now, you may consider to invest in batches of 3k, 3k , 4k? Up to you, whenever you feel the technical analysis shows you a good price.

Lifestyle

Career

FIRE Movement

Catsnipss
Catsnipss
Level 3. Wonderkid
Answered on 14 Jan 2020
Retire and be a farmer

Investments

Online Brokerages

Catsnipss
Catsnipss
Level 3. Wonderkid
Updated on 24 Jul 2019
They will provide you with a Citibank bank account number, Simply go to Funding once you created your account, indicated how much you are funding, they will give you the account number and you Proceed the transfer normally through your bank transfer. It should take 1 or few working day for it to reflect in the acc.
Level 3. Wonderkid
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