Chen Zhirong - Seedly
Chen Zhirong

I like to take photos! Am secretive online but open offline =)

Chen Zhirong

19Upvotes

About

I like to take photos! Am secretive online but open offline =)

Credentials

Chen Zhirong's credentials are not filled up yet.

Chen Zhirong

19Upvotes
  • Answers (28)
  • Questions (6)
  • Reviews (1)

Savings

General

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 14 Jul 2019
Including CPF, my networth is 3x of my gross annual salary after 5 years of working. Minus CPF, it's about 1.5X my gross annual or 2X my nett salary. Perhaps that's what you should aim for.

Investments

Savings

Insurance

REITs

Bonds

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 09 Jul 2019
Depends on when you want to take the money out. If it's for retirement, annuities although I think you need about 15k. If you're planning to kinda keep it hanging around, then REITs/ETFs. If you need to take it out at the end, then endowment or SSB =)

Career

Savings

Investments

Credit Card

Lifestyle

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Updated on 07 Jun 2019
Wow I was just planning this last night. For about 35k, including bonus, this was how I planned. Firstly, TREAT YOSELF. Gave myself a budget of about 5k for holidays and entertainment. Planning to catch the Aladdin and Matilda musical next year! Plus visit North Korea. Then, "business expenses" read one or two new cameras. I would really like the Fuji XT3 and maybe the 50-140mm. Or maybe get more Canons and get the 11-24mm? Need some LED lights too. Probably 5k for the lot though I might exceed. With the remaining 25k, I plan to put 15k into SRS and invest either in an annuity or stocks, depending on the market. 7k into CPF SA. 7k in my parents' OA. And keep the remaining 1k as buffer or maybe to donate?

Investments

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Updated on 07 Jun 2019
I would stick with STI ETF for the first 2-3 years until you feel confident enough to invest in local stocks and then global ETFs. You can go with robo advisors but I feel that that will simply stunt your growth in learning how to invest globally. However if you feel you don't want to learn/will learn later, then you can do so in order to gain exposure. No point putting in SSB at this age! Would rather top-up in CPF instead as returns in SSB are too low for someone this young.

Investments

ETF

Stocks

PFF Panel 3

Seedly PFF 2019

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
Invest in ETFs if you have no time to research, regardless of crisis.

Robo-Advisors

ETF

PFF Panel 2

Seedly PFF 2019

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
Time in the market beats timing the market. Only one side is worth listening to.

CPF

PFF Panel 1

Seedly PFF 2019

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
SA is FRS. MA is 55k. Overall is 37.5k per year.

PFF Panel 1

Seedly PFF 2019

CPF

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
Because it will have more money to invest for us?

CPF

PFF Panel 1

Seedly PFF 2019

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
So that portion will be larger?

PFF Panel 1

Insurance

Seedly PFF 2019

Chen Zhirong
Chen Zhirong
Level 3. Wonderkid
Answered on 02 Mar 2019
It's considered as the least essential. Only if you are covered for the rest and have cashflow leftover
Load more questions
Level 3. Wonderkid
19UpvotesGoal 20
1 UPVOTES TO LEVEL UP
Browse Rewards