Cedric Jamie Soh - Seedly
Seedly logo
Seedly logo
Ā 
Cedric Jamie Soh

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

Cedric Jamie Soh

Director at Seniorcare.com.sg

About

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

Credentials

Director at Seniorcare.com.sg

Cedric Jamie Soh

Director at Seniorcare.com.sg

  • Answers (640)
  • Questions (5)
  • Reviews (7)

ETF

Investments

Online Brokerages

Which ETF will you choose - VDEV or IWDA?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 2w ago
Both ETFs track developed markets but each ETG owns different stocks. They track different indexes. MSCI and FTSE. Anyway don't get paralysed over this, as the difference is not that big. Both are good. vanguard has great reputation of lowering expense ratios.
šŸ‘ 0

PolicyPal

ValueChampion

Investments

Insurance

Whole Life Insurance

Term Life Insurance

I am in my mid 40s. I have life insurance 60k, term insurance 100k and Enhanced medishield. I have 800 to spare each month. Should I invest or buy more policies?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 2w ago
Not advisor. if you were to prematurely die, your family will have $160k, plus whatever in your bank, CPF and your investment portfolio is that enough? (for me i ignore all my advisors' calculation on how much my family need coz some tend to exaggerate) Keeping in mind whatever you invested is also considered leaving money for your family if you die early. Thats my mindset in investing more and more once i have a simple term plan.
šŸ‘ 0

Loans

Personal Loans

How do personal bank loans work? Are there certain criteria that needs to be met? Is there a limit to the amount you can borrow?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 2w ago
If you have existing credit card, go for balance transfer loan. Balance transfer loan means using your existing credit card to take a sum of cash to deposit into your bank account to use. Usually balance transfer loan are very cheap for the first 6 months (1% to 2% pa for 6months) and will go to 24% after 6months. So roll them if possible every 6months, meaning you pay them off and retake again for 6 months in a day. As usual, the foreign banks are the one offering the best rates, such as Standard Chartered bank, Maybank etc. Call or email them directly. SC 6mths balance transfer has always been 1% processing fee + 0% interest. You can give them your email and contact number to [email protected](mailto:[email protected])
šŸ‘ 0

Insurance

Investments

AIA Life Protection

Investment Linked Policies (ILP)

Life Insurance

In January 2020, I was pressured into buying a AIA Pro Lifetime Protector - Max. This is my first investment linked insurance policy. My yearly premium is 4K. Should I withdraw?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 2w ago
I don't like ILP with its high fees and sales charge and hidden expenses fees in the funds but I'm more puzzled by your thinking that SSB / ETF / short term endowment plans are substitute for an ILP. they are totally different needs in the Long term an ILP would most likely invest higher roi than SSB. they are different instruments for different needs. but yes I'll say no to ILP, stick to robo investor and ETFs
šŸ‘ 0

Investments

Robo-Advisors

Stocks Discussion

Online Brokerages

Undergraduate

I have 100k cash now. What should I do?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 2w ago
If its me, I will just outright open an Interactive Broker, buy IWDA. I will buy IWDA maybe $10,000 per mth or maybe $1000 or $2000 per week. instead . Google IWDA ETF forum to read about it. its one of the world's best diversified ETF with low taxation (tax eats into your cost)
šŸ‘ 4

SeedlyTV S2E09

Giveaways

[GIVEAWAY] Share with us the most cringe-worthy dad joke and why you like it!?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 3w ago
Today, my son asked "Can I have a book mark?" and I burst into tears. 11 years old and he still doesn't know my name is Cedric.
šŸ‘ 0

Credit Cards

Payments

Lifestyle

Do you check your credit card bills to ensure that you're billed correctly?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 3w ago
No, i can't be bother to check. Is there error or extra billing like "annual fees"? of course there is potential of problems. but my time is valuable. so leave it as it is, because I don't have the luxury to check all my statements and spending. my wife does check every card, every month. she likes to check.
šŸ‘ 2

Investments

ETF

Unit Trust

Online Brokerages

Stocks Discussion

I want to buy tech ETFs, healthcare and china funds. with low capital, planning to DCA. What's the best way to do so?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 3w ago
Google for roboadvisors seedly. if you looking for specific ETF, maybe u can find Kristal.AI if you want those roboadvisors to do their overall general ETF, the choices even wider. go for the as low cost as possible. Do note many insurers, fund managers, Unit trusts from banks etc, if u study their fund fact sheet, their fund manager costs are usually higher than the ETF or robo funds etc
šŸ‘ 0

Lifestyle

Family

Healthcare

If your doctor tells you that you have 3 months remaining, what's the first thing you would do?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 3w ago
Hug all my relatives and tell them i love them. Think about life and ponder what I can do to make the world better. oh, and enjoy 3 months of whatever I wanna do... ^.^
šŸ‘ 0

SeedlyTV S2E08

CPF

Supplementary Retirement Scheme (SRS)

Investments

Online Brokerages

Would you recommend the same investment strategy for aa SRS account?
Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered 3w ago
I use SRS for the sake of saving income taxes. And since its for the sake of long term, i deploy it in ETF or stocks at the highest risk level, for long term, this will allow me to have a higher returns, and I can stomach the volatility (since its for long term).
šŸ‘ 3
Load more questions
Level 9. God of Wisdom
3180PointsGoal 6000
2820 POINTS TO LEVEL UP
Browse Rewards
Top Contributor
Top Contributor
AUG Ā· SEP Ā· OCT Ā· DEC Ā· APR