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Chen Qijian

Analyst at an investment bank. Sometimes i get bored and answer questions here

Chen Qijian

7Upvotes

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Analyst at an investment bank. Sometimes i get bored and answer questions here

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Chen Qijian

7Upvotes
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Chen Qijian
Chen Qijian

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Level 3. Wonderkid
Answered on 26 Sep 2018
First of, i dont think those returns are realistic for a retail investor / trader. Public markets are VERY efficient. Second you probably have better luck starting a small side business which can generate a pretty nice yield ~ recoup capital in 6 months etc The alternative is to invest that 100k and take a pay cut to work another job which has a better environment.

AMA SG Young Investment

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Autowealth

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Chen Qijian
Chen Qijian

()

Level 3. Wonderkid
Answered on 11 Sep 2018
Basically given the situation, you need a annual rate of 5% to hit your goals. Cash earns you close to zero (granted some accounts gives you 2% and more but that caps off after 50k) Given that its unrealistic to keep a zero cash allocation, that means that your investments have to yield above 5% - depending on your level of familiarity as well as luck it can either be an easy cap to hit or really tough. I would distribute it across a mix of equities and fixed income products - no ILPs or whatever nonsense cause that yields too low. Probably something like 60% global equities and 40% fixed income

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Chen Qijian
Chen Qijian

()

Level 3. Wonderkid
Answered on 10 Sep 2018
Dude... if you have average pay then at least paying off those 3k should be easy. And its apparent you dont have control over your spending so... harsh words from me - Cancel those cards until you have a better grasp of yourself

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HSBC Revolution Card

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Chen Qijian
Chen Qijian

()

Level 3. Wonderkid
Answered on 10 Sep 2018
Are you a miles or CB person? Second what are you looking to get out of your saving accounts? If you are fresh out of school => Assumption is that you earn close to 3k. In that case the best savings account (w relatively lax conditions) is DBS Multiplier. In order to pair this off, just get the Altitude Card and the Live Fresh card. Use the Live Fresh for Paywave transactions and use the altitude card to get your miles. Finally....cancel the cards the next year and get something else unless they waive that annual fee for you ;)

HDB BTO

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Chen Qijian
Chen Qijian

()

Level 3. Wonderkid
Answered on 10 Sep 2018
Basic short answer is no. Let me tackle this from a pure financial perspective - Interest cost of student loan -5%, HDB theoretical returns => 5% rental yield, 1% capital gains, 2% interest cost nets out to be roughly 4%. So if given a choice between paying off your loan or buying a HDB, pay off the loan first. Second thing to consider is this - when you are young, you need flexibility esp in today’s job market where you might find yourself switching careers early . In order to facilitate those decisions, having a stash of cash is always better. Last of all, i get the feeling that you are looking at a BTO from a pure financial perspective. If thats the case, dont do it. The returns from a BTO are not that impressive anyway and certainly not worth rushing to marry for it. Cheers
Level 3. Wonderkid
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