Chris Chin
35 upvotes received
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  • 13

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    Answers (13)

  • 3

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    Questions (3)

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    Reviews (4)

  • 5

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    Topics (5)

  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered 3d ago
    Yes, over diversification occurs when the number of investments in a portfolio exceeds the point where the marginal loss of expected return is greater than the marginal benefit of reduced risk. Read more details here and the solution to avoid it. http://www.arborinvestmentplanner.com/over-diversification/
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered 1w ago
    Really depends on your position size or investment into that particular underlying stock and your investment target (short term, medium term or long term). Buy below Valuation. Can set a target at 3 years and sell as planned,regardless of profit or loss. Valuation details - please attend the paid class to find out. Otherwise, why would my friends pay to find out when they can get it free from seedly... 😂🤣
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 06 Sep 2018
    Success is not just about your wealth. Achieving financial security is not the only prerequisite to a happy life, as physical and mental health is needed to enjoy your wealth. A good interpersonal relationship is necessary, as you need to interact with service providers, family and friends around you. The amount needed is dependent on your lifestyle expectations, health necessities for basic survival, and aspirations for your loved ones.
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 04 Sep 2018
    In a financial crisis, almost every stock is affected. However, you need to hold on to your stocks if you invested in good companies with good business fundamentals. Many novice investors sell off when stock prices drop in a panic response, while institutional investors would buy more at low prices or sell off to invest in other good stocks in their watchlist that has suddenly become dirt cheap if they have made enough profits before the price drop below his profits. During a financial crisis, It's your holding and buying power that helps you come out better and richer if you made the right investments.
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 19 Jul 2018
    Looks like you have committed to more big ticket purchases that exceeded your available Monthly Income. Do need to sort out the Wants and Needs List for future purchases. Need to reassess your daily needs to see what are your monthly shortfall. Do note that... Banks charge a penalty for early repayment of 0% Interest Instalment Payment Plans through Administration charges. Several 0% Interest Instalment Payment Plans come with an “administration fee” that’s a percentage of your purchase. This usually happens when the banks don’t have an existing agreement with the merchant.
  • Asked by Tan YB

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 19 Jul 2018
    Always go for HDB Loan, as you don't risk being evicted by HDB if you can't pay.
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 19 Jul 2018
    I earned Cashback or Credits, when I used AXS Payment App to pay in one lumpsum by Credit Card, instead of by interest free GIRO instalment that don't earn anything. https://www.iras.gov.sg/irashome/Property/Property-owners/Paying-your-taxes/How-to-Pay-Tax/ Quote... Check with your credit card issuing bank if they offer any payment scheme to pay income tax via credit card. You can also use Mastercard (Credit or Debit cards) to pay tax on AXS e-Station over the internet or AXS m-Station mobile app. Credit card payments are not offered by IRAS directly because of the high transaction costs charged by the credit card service providers. This is to keep the cost of collection low to preserve public funds. Unquote...
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 19 Jul 2018
    For beginners it is safer to Invest in ETF using CPF or Cash. CPF approved investments are have limited selections though. The minimum amount required on your CPF account would be, as stated above, are $20,000 in your OA and/or $40,000 in your Special Account. You will need to open a CPF Investment Account with POSB, OCBC, or UOB too. Do read this article that covers more complete details on investing with CPF money. https://www.drwealth.com/cpf-investment/
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 19 Jul 2018
    Really glad you are aware that you need to invest to get better returns for your hard earned income. There is Active and Passive Income that you would have to deal with. Passive Income - Invest time and money to get better returns from the least effort. Invest in an Investing Course to gain Financial Literacy faster. Good to start with investing ETF and Dividend Stocks as a safe financial vehicle at your age. You could move towards Growth Stocks as your get better with your value investing experience. Never use Margins (Loans with interest) from your Broker or Bank Loans to do investing, as you would have trouble focusing on your studies and daily life activities when the market becomes volatile. Portfolio management is critical. Never risk more than 10% of your budget in each investment transaction, so that you can have the holding power to continue investing when 1 or 2 investment got stuck. Stay away from risky Trading in FOREX, Futures and Commodities, that could wipe out your entire capital budget when the markets go against your trading position. Active Income - I would advise you to focus more on Active Income and get more Life Challenging experience as a youth. Do ensure that these activities do not rob you of precious time to commit to your studies and personal growth. There is no absolute right or wrong approach though. Be open but selective in what you do, so that you can go deeper in experiential learning rather than being frivolous and superficial in everything you engage in. Explore giving Private Tuition, eBay Dropshipping, etc. Most importantly is to find a meaningful direction in life to help others. Have a great life ahead.
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    13 Answers, 35 Upvotes
    Answered on 18 Jul 2018
    Good to start with dividend Income investing on defensive stocks that give 6% and above in dividends. Always focus on reducing your Risk, instead of focusing on the Potential Returns., as Higher Returns comes with Higher Risk too. Manage your risk with a portfolio of 6 - 10 stocks. Learn the trips and traps of the Stock Market through Investing Courses, not Forex or trading courses. You either pay below 4k to learn the tested approach, or lose 10k to learn the hard way. Of course, you could read up yourself and test out yourself. Just be mindful that many of these books don't provide the updated details and tools relevant to the countries that you are investing. Attending courses also give you more friends and avenues to get different perspectives on a stock too.
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