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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 (204)
  • Questions (16)
  • Reviews (8)

Unit Trust

Investment Courses

Personal Finance Books

Is there any course or training that I can learn about unit trusts?
CH
CH
Level 7. Grand Master
Answered 2d ago
Investing Planning with Endowments, Bonds, Unit Trusts, ETFs and REITS preview course. http://www.investcoach.com.sg/2jun20fgpreview/ conducted by a SGX academy trainer.
ūüĎć 0

CPF IS

CPF

Investments

Online Brokerages

Stocks Discussion

Few years ago, I purchased shares through CPF IS. Does anyone know if my current CPF balance includes the amount I have invested?
CH
CH
Level 7. Grand Master
Answered 3d ago
No. it will be nett of amount invested and fees. but it will include and dividends and distributions returned to your CPF account. there is another section on your CPF portal where you will see your net amount invested.
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CPF

Savings

How do you decide who to put other than your spouse for CPF nomination?
CH
CH
Level 7. Grand Master
Answered 4d ago
A trust structure will work. but the trustee may charge fees doing the leg work and managing the money. also can consider to give away to your favourite charity or organisation.
ūüĎć 0

Investments

Robo-Advisors

ETF

Unit Trust

Online Brokerages

Stocks Discussion

Any investments plans for a 20 year old? I am really new to investing and I don't know how to start. How can I take the first step?
CH
CH
Level 7. Grand Master
Answered 5d ago
Here are some resources for starters https://www.sgx.com/beginners-guide-investing https://www.sgxacademy.com/event/webinar-the-basics-of-investing-5/ https://www.dbs.com.sg/personal/landing/investment-goal-calculators/financialgoalcalculator/index.html wonderful to start young. first step is to understand yourself and the various products out there, so that you will not be hoodwinked into scams, smooth talking trading course salesmen and despicable insurance agents. all the best in the investment journey.
ūüĎć 0

Investments

Stocks Discussion

Online Brokerages

How confident/cautious are you in investing in SG-listed Chinese stocks given the recent accounting fraud by Luckin Coffee?
CH
CH
Level 7. Grand Master
Answered 5d ago
I am always cautious of companies with main operations in one country and list in another. especially for chinese companies. why would they want to list in another country, besides HK, when their market has more liquidity and more participants? Malaysia-Singapore-Thailand due to close proximity, I am not as worried. If anything I can take a quick drive up and see whether their operations are real or inflated. I also ask myself, do I understand the business enough such that their reported figures makes sense. And if I don't but I see the potential of that company, I buy ETF or UT. If anything fails in one particular company, likely I will not lose as much.
ūüĎć 1

Lifestyle

COVID-19

Career

During this COVID-19 period, many industries are being heavily affected. Which is one industry would you want to focus on helping and why this particular group?
CH
CH
Level 7. Grand Master
Answered 6d ago
Unless there is no other choice, i buy from the mom and pop shops, coffeeshop hawkers. never really like fast food and hardly use food delivery services.
ūüĎć 0

Savings

Savings Accounts

Investments

Online Brokerages

Does premier banking value-add to growing my money? For those who are well-invested and diversified, does premier banking make sense financially?
CH
CH
Level 7. Grand Master
Answered 6d ago
Premium banking are for high net worths or those with certain min sum to start (i think it is around few hundred thousands dollars). It makes sense for those who want someone to actively manage their money with products not available to the common people. They do have access to high yield products with downside protection and sometimes capital gaurantee. But I can only imagine their fees will not be cheap.
ūüĎć 0

Investments

Unit Trust

Online Brokerages

Do people earn from buying unit trust?
CH
CH
Level 7. Grand Master
Answered 6d ago
Yes, there are. And there are people who fail/lose money as well. There are also people who make money from property, day trading, bitcoin, MLM, collect cardboard boxes. But that does not mean you should or should not go into these. I think the more important question is do you understand unit trusts, are you ok with the expected returns, the fund managers, volatility, fees etc etc and how it fits into your portfolio. Hope this help.
ūüĎć 0

Stocks Discussion

Online Brokerages

Investments

Is HK Land (currently below USD4) a good buy? What is its prospect in view of the deteriorating China-USA strained ties?
CH
CH
Level 7. Grand Master
Answered 1w ago
Thier business primarily is in HK and Singapore. nothing to do with US but I however see potential if they also venture in china. but probaly unlikely for political reasons.
ūüĎć 0

FIRE Movement

Savings

Investments

Lifestyle

What has been the number 1 challenge in your personal finance journey?
CH
CH
Level 7. Grand Master
Answered 1w ago
It used to be no funds and advisories at decent fees. but this is made increasingly accessible with robos and RSP investsavers. currently for me is no alternative investments available to retail investors to further diversify.
ūüĎć 0
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