Cedric Jamie Soh - Seedly
Cedric Jamie Soh

From gold bullions to adult diapers- ecommerce allows me to scale up.

Cedric Jamie Soh

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Director at Seniorcare.com.sg

301Upvotes

About

From gold bullions to adult diapers- ecommerce allows me to scale up.

Credentials

Director at Seniorcare.com.sg

Cedric Jamie Soh

Top Contributor

Director at Seniorcare.com.sg

301Upvotes
  • Answers (267)
  • Questions (5)
  • Reviews (5)

Investments

Stashaway

Regular Shares Savings Plans (RSS)

Why not into the same StashAway for lower fees? Diversify later when the monthly sum is much higher? maybe into different markets or different classes of assets?

Cryptocurrency

Investments

Based on the past 2 years, cryptocurrencies have not been moving in relation to stock market movements. In fact, it seems to be moving with the stock market rather than against the stock market movement. It is far from the same as gold.

Grab

Lifestyle

General

You can link instead of top up. https://www.grab.com/sg/pay/

Investments

ETF

ETF has very low management fees because the ETF structure recognised a few basic rules to buy and hold and does not pay managers to manage. The old way of managing and paying a fund manager, and their team a hefty fee is over as there are decades of records showing that the extra "management" does not translate into better performance.

Credit Card

Bank Account

OCBC 365 Card

DBS

Lifestyle

All the banks allow you to pay other VISA / Mastercard bills from other banks via internet banking in your bank internet banking. Do note that the payment is not immediate but it takes 1-3 working days to reach the other bank. (that is the official line, but usually, it is only 1 day)

Loans

Savings

Lifestyle

Career

Education

Later. After working in society for a few years, you would have a better understanding of what your interest in life is, and what you want to pursue in life. You may also have a better understanding of what academic certification is utterly useless or overpriced and what is useful. The more mature you are in society, the better you would understand what is needed in life :)

Investments

Every year you have a crisis. Every year there is something bad or troubles brewing. I have been hearing crisis after crisis since 1998. =) You are right, time in the market is more important than timing in the market. My father invested in 1996, just before the market collapse in 1997. He's fine ;)

Investments

Brokerages

Interactive Broker is very cheap, with the lowest fee in the world (probably) and the widest range of products. They are known as mass-market stock brokers. If you are doing only $100 a month, it can still be cheaper in IB despite the $10 monthly fee by IB, if your stock is bought in overseas currency. This is because IB's forex rate is hugely with no hidden spreads in some banks and brokers. You're saving quite a big difference on the forex. 1. Commission is lowest. (some products is negative commission, means you get paid to trade). Most of my commission is $1 or $2 for 100 stocks. And I get paid commission for trading in non popular stocks as I adding liquidity to them. 2. Variety is the most wide in this broker. 3. Forex rate is one of the most competitive (a lot of brokers have hidden fees due to the spread) 4. They have a local Citibank account, so you can FAST transfer SGD, and the SGD reflected in your account within minutes. Then go platform and exchange to USD or whatever you want on your own. 5. $10 minimum fee, so if you only trade $4 this monthy, they will charge extra $6 to round it up to $10. 5 is a bad point, but 1-4 makes it worthwhile.

Investments

Interactive Broker is very cheap, with the lowest fee in the world (probably) and the widest range of products. They are known as mass-market stock brokers. If you are doing only $100 a month, it can still be cheaper in IB despite the $10 monthly fee by IB, if your stock is bought in overseas currency. This is because IB's forex rate is hugely with no hidden spreads in some banks and brokers. You're saving quite a big difference on the forex. 1. Commission is lowest. (some products is negative commission, means you get paid to trade). Most of my commission is $1 or $2 for 100 stocks. And I get paid commission for trading in non popular stocks as I adding liquidity to them. 2. Variety is the most wide in this broker. 3. Forex rate is one of the most competitive (a lot of brokers have hidden fees due to the spread) 4. They have a local Citibank account, so you can FAST transfer SGD, and the SGD reflected in your account within minutes. Then go platform and exchange to USD or whatever you want on your own. 5. $10 minimum fee, so if you only trade $4 this monthy, they will charge extra $6 to round it up to $10. 5 is a bad point, but 1-4 makes it worthwhile.

Investments

Stocks

SAXO Capital Markets

Interactive Broker is very cheap, with the lowest fee in the world (probably) and the widest range of products. They are known as mass-market stock brokers. If you are doing only $100 a month, it can still be cheaper in IB despite the $10 monthly fee by IB, if your stock is bought in overseas currency. This is because IB's forex rate is hugely with no hidden spreads in some banks and brokers. You're saving quite a big difference on the forex. 1. Commission is lowest. (some products is negative commission, means you get paid to trade). Most of my commission is $1 or $2 for 100 stocks. And I get paid commission for trading in non popular stocks as I adding liquidity to them. 2. Variety is the most wide in this broker. 3. Forex rate is one of the most competitive (a lot of brokers have hidden fees due to the spread) 4. They have a local Citibank account, so you can FAST transfer SGD, and the SGD reflected in your account within minutes. Then go platform and exchange to USD or whatever you want on your own. 5. $10 minimum fee, so if you only trade $4 this monthy, they will charge extra $6 to round it up to $10. 5 is a bad point, but 1-4 makes it worthwhile.
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