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Choon Yuan Chan

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Choon Yuan Chan

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Choon Yuan Chan

  • Answers (517)
  • Questions (3)
  • Reviews (24)

MileLion

KrisFlyer

Travel

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Updated 1h ago
Depends on where you intend to travel to. If you have no destination in mind, always chose to fly to cities that are furthest away from their zones. Krisflyer redemption are segmented in zones. For example zone 5 consist of shanghai and travelling to Beijing, the airmiles redemption is the same amount because they are in the same zone . However the cost of flying to these 2 cities differs - it costs more to fly to Beijing than Chengdu assuming you get the same type of seats . From this, the cities i would recommend are Beijing, Christchurch and London

STI ETF

Investments

Stocks Discussion

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 3h ago
Because many listed stocks in Singapore has corporate governance issues resulting in them having fake reported cash reserves or fake factories. This resulted in investors losing 99% or their entire stake in the listed company This issue has been persistent and especially prevalent which has happened not just in s-chips but even our own local companies To make matters worse, many local companies had poor risk control and aggressive accounting. This resulted in many of them undergoing restructuring which has wiped off many investors

Investments

Stocks Discussion

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 4h ago
They can be other reasons such as having nowhere else to invest. Currently bond and fixed deposit rates are near their lowest in years. This forces investors to pick up shares despite them not performing well because they are still the best performer among the other terrible options

Stocks Discussion

Investments

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 4h ago
Read up for such companies on seeking alpha website. They have specific industry analysis which allows you to get an understanding on how to evaluate the company moat, valuation of financial and cash flow. Next, ask industrial expert about the prospects of the cyber security companies you are interested in. They will tell you if the product has good security features etc. For cyber security and saas companies it is important to know how sticky their product is such that it is hard for consumers to switch out after using the product for their company or network.

Investments

Stocks Discussion

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 4h ago
Congrats on finding a gem. That said you have to ask yourself if you are able to find another company which can give you higher share price appreciation or dividend yield. If yes, you may consider to sell, if no you might want to continue holding

Stocks Discussion

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 4h ago
Vicom- because Singapore government has not been granting car inspection licenses given them a moat as a duopoly Singapore shipping corp - it is in the car transportation shipping line. Revenue has been stable as this is the only shipping segment not in oversupply Stamford land- consistent dividend and it's portfolio consist of 5 stars hotel in Australia

Stocks Discussion

Investments

Value Investing

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 5h ago
Value Investing - Understanding the business fundamentals and estimating the valuations, and determine the right price purchase it Options trading is buying financial instruments to exercise or sell at certain price. It is with the aim of benefiting from the expected price movement of a stock in the short term with no expectations of owning the shares For beginners i will advocate value investing because options trading requires constant monitoring of prices and the volatility in options trading can be great (double digit % movements). The large movement will trigger emotions within the trader and past experiences show beginner traders tend to make mistakes due to clouding of emotions

Investments

Stocks Discussion

Interactive Brokers

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 6h ago
It is very commendable to accumulate 60k in savings at such a young age. That's said for beginner, i suggest you take the time to read on investment book before investing. A recommendation will be one up on Wall Street by Peter lynch If you are eager to invest right away, i would suggest investing in the sti etf due to the fact that it is auto diversified across the 30 companies which are of the largest few I'm Singapore and are of in resilient industries

Savings

Family

Lifestyle

General

SG Budget Babe

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 10h ago
Following the trend that many non parents are answering; therefore i answer Most parents now don't play to receive allowance from their children. This is because they have accumulated an adequate amount of cpf savings for their retirement unlike our forefathers who had low pay and a backward or non existent pension system

SG Budget Babe

Family

Lifestyle

Choon Yuan Chan
Choon Yuan Chan
Level 8. Wizard
Answered 11h ago
You have to cut back on the time at work. First step you can do is ask if your company is willing to set up have am arrangement where you can work from home outside office hours. Laptops with vpn access is quite an ideal arrangement. I used to do this where i can work outside my working hours with vpn and hot-spot to my phone. I could be anywhere at home, on the mrt working etc In this way, i was able to spend time outside of work for other purposes and at the same time ,with pockets of free time in between ,do my office work
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