CH - Seedly
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CH

scammed by insurance cockroach agents, decided to take charge of my own financial matters. avoid investment and trading courses.

CH

About

scammed by insurance cockroach agents, decided to take charge of my own financial matters. avoid investment and trading courses.

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CH

  • Answers (268)
  • Questions (17)
  • Reviews (11)

Insurance

Personal Accident Insurance

Disability Insurance

Financial Planners

Could anyone share the difference between PA Insurance and DI Insurance in a way that's easy to be understood?
2 answers
CH
CH
Level 7. Grand Master
Answered 2d ago
May claim DI if due to illness and not accident, accident and illness can happen to anyone. illness might have to look at family history to determine risk.
👍 0

Savings

Payments

Loans

Monthly payments > monthly salary?
1 answer
CH
CH
Level 7. Grand Master
Answered 2d ago
How about refinance or consolidate the debts?
👍 0

Stocks Discussion

Investments

DBS

Dividends

Hi all, with DBS announcing its Scrip Dividend Scheme. What should I do?
1 answer
CH
CH
Level 7. Grand Master
Answered 2d ago
I will choose to take scrips, because i have no intention to sell even if dbs goes to $1. so i won't care even if I am allocated odd lots.
👍 0

Investments

Robo-Advisors

Online Brokerages

For cash management accounts like endowus and stashaway they mostly invest in lion global money market funds Would it be better to invest directly in lion global and save the roboinvestors mgmt fee?
1 answer
CH
CH
Level 7. Grand Master
Answered 2d ago
How I wish I could too. but for some reasons, unless you are an accredited investor or an institution, the fund managers will not accept direct investments. rich get richer. but stashaway and endowus fees are much lower than if you were buy through an insurance platform. at least better than nothing.
👍 0

Online Brokerages

Investments

Is TD AMERITRADE regulated by MAS? Any links?
1 answer
CH
CH
Level 7. Grand Master
Updated 5d ago
https://eservices.mas.gov.sg/fid/institution/detail/2151-TD-AMERITRADE-SINGAPORE-PTE-LTD Licence Type/Status Capital Markets Services Licensee Dealing In Capital Markets Products - Securities - Collective Investment Schemes - Exchange-Traded Derivatives Contracts Product Financing Providing Custodial Services
👍 1

Retirement

Insurance

Whole Life Insurance

CPF

Should I cancel my insurance plan? I am reaching 55 next year, i am considering whether to cancel my WL insurance which i have brought in year 1985 and put it into CPF to earn 4% interest. Is it a good idea?
4 answers
CH
CH
Level 7. Grand Master
Answered 5d ago
Not sure about the policy plan details and objective, but if it was me and the plan broke even, and i do not need the plan for estate planning. then, yes, i will find another better yielding instrument. (i assume since 1985 until now should have at least break even, if not already have some gains, but please do check) but take note that there is limit to how much you can put cash into CPF each year.
👍 0

Savings Accounts

Investments

Personal Finance 101

Hello fellow Seedly community, I’m a 27yo with 40k in my savings account. Any advice on what to invest for a start?
2 answers
CH
CH
Level 7. Grand Master
Answered 5d ago
Not sure what your time horizon and objectives are, but i encourage everyone especially newbies to generally start with globally diversified ETFs. possible to invest a lump sum or contribute a little every month.
👍 0

Forex (FX)

Investments

Trading

Online Brokerages

My friend told me the forex trading earns a lot more than normal investment. Any advice?
5 answers
CH
CH
Level 7. Grand Master
Updated 3w ago
Putting aside whether is scam or not, MAS regulated or not, I believe it is possible, but will not be consistent. But forex uses leverage and so is higher risk if not done properly. Which means your $1000 can be wiped out easily as well.
👍 0

Investments

Stocks Discussion

Online Brokerages

What was your first investment? How much did you gain or lose?
4 answers
CH
CH
Level 7. Grand Master
Answered 3w ago
First investment was an ILP bought more than 10 years ago. no prizes for guessing whether make or lost money. Not too long ago wrongly trusted investment courses which costs few thosands $$. This time not only lost money in the courses but also lost money in market.
👍 0

Robo-Advisors

Investments

StashAway

Endowus

Syfe

If I have $500 monthly for investing (ie goal to 30k in X years), between Stashaway (16% risk) vs Endowus (Balanced) vs Syfe Equity100 - which is better? Is it wise to have 3 Robo accounts simultaneously?
2 answers
CH
CH
Level 7. Grand Master
Answered 3w ago
I have all 3, but for different purposes from yours. Each of the portfolio you mentioned has different risk management strageties. Eg Stashaway uses gold and gov bonds, whereas endowus uses coporate bonds unit trusts. Syfe100 is totally in equities. all things equal, i will choose the one with lower fees.
👍 0
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