Colin Lim - Seedly
Seedly logo
Seedly logo
Ā 
Colin Lim

13 years in the insurance/financial industry. I provide 1 to 1 comprehensive planning. Click my fb link.

Colin Lim

Financial Services Consultant at Colin Lim

About

13 years in the insurance/financial industry. I provide 1 to 1 comprehensive planning. Click my fb link.

Credentials

Financial Services Consultant at Colin Lim

Colin Lim

Financial Services Consultant at Colin Lim

  • Answers (346)
  • Questions (0)
  • Reviews (0)

Insurance

Investments

AIA Life Protection

Investment Linked Policies (ILP)

Life Insurance

In January 2020, I was pressured into buying a AIA Pro Lifetime Protector - Max. This is my first investment linked insurance policy. My yearly premium is 4K. Should I withdraw?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered 2w ago
Ilp normally is advise to pay monthly as to tap into DCA strategy. So you are paying monthly or yearly? I would suggest you to talk to your fren. I don't think u got cheated. At that point of the sale,you dont really understand. Right now, i neee understand what are the funds you invested in, 2nd) what model of ILP isit... It will be best to show the policy document to let us go through. Lastly, talk to you fren... 14 days free look period is up.. So either u make a decision to cut loss or continue... U need to understand your time horizon and what is passive investing. What is your risk appetite? #planwithcolin
šŸ‘ 0

Investments

Singapore Saving Bonds (SSB)

ETF

Savings

Savings Accounts

Robo-Advisors

Stocks Discussion

Online Brokerages

I am a fresh grad with about $40k in my savings accounts. I want to start doing long term investments but I am overwhelmed by the options I have. Any advice?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered 4w ago
Hi, wow that you managed to save 40k.. Took you how many years to save? Anyway a point to note is that have you set aside emergency funds? Should be around 6 to 12 months of your income or expenses. How to allocate emergency funds Example: Income come in spilt into 50% expenses, 10% into insurance, 10 to 20% to emergency funds. The rest go into investment. You can first start your investment journey by doing passive investing( robo advisors, investment linked products), In your later years whereby you have more income and more experience... You can start to active investing, all these takes time and effort. Hope i have give u an idea. If you are unsure, you can pm me. #planwithcolin
šŸ‘ 0

DBS Vickers Securities

Stocks Discussion

Online Brokerages

Investments

I'm planning to invest $50K in Singtel through DBS Vickers. Is it better to invest $50K at once or split it into two tranches of $25K each? What are the pros and cons?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered 4w ago
May i ask why choose Singtel? did you do your research? In fact you can put money into better stocks. Anyway, you can lump sum the whole 50k if you are sure that the stock will continue to head north or other 2 tranches of 25k each... Outsider wont be able to advise you as you will be the 1 to make the decision. Pros of lump sum now is, if it is now rallying up your lump sum will reap the rewards... But if it takes a couple of years to get back to the peak or takes years to recover... Your lump sum is stuck for a long time. 2 tranches of 25k each is to give yourself some leeway in case the market goes down again... You can average down. With the recurring of covid19, you might not know what will happen... For me, i do in tranches.. But not on a single stock. My tranches is park into different stocks. What i did was in Mar, i invest 20% of my funds to few stocks... And in April, i inject new funds into another stocks, in May i did the same... I did my research and see which stock is undervalued before going. My current portfolio lies heavily in US stocks probably 50%, my SG stocks are 35% and my Hk/china stocks is around 15%.
šŸ‘ 1

Robo-Advisors

Stocks Discussion

COVID-19

Singapore Airlines (SIA)

Online Brokerages

Travel

Should I buy SIA stock now (01 MAY 2020)?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 11 May 2020
Hi, I suggest u to avoid airlines stocks. top fund managers like Terry Smith do not invest in airline or Warren Buffett has recently sold off all his airline stakes. Hope it answer your question
šŸ‘ 0

Insurance

Investments

Investment Linked Policies (ILP)

Whole Life Insurance

Term Life Insurance

My Insurance Agent encouraged me to take up ILP but I didnā€™t get any updates on the investment. Is this normal?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Updated on 11 May 2020
Hi, Most companies are now doing digital platform meaning you can login to view your portfolio. However if the agent didnt update u on the investment or didnt get in touch with u for long periods...maybe u need call them or request to change of advisor. You can reach out to me if your ILP doesnt belong to Pru, GE or AIA #planwithcolin
šŸ‘ 0

SeedlyTV S2E04

Robo-Advisors

Investments

Should I invest S$100k as a lump sum or should I invest part of the budget as a lump sum and the remaining as monthly deposits?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 07 May 2020
Hi, in the current climate, it will be best to break into tranches. 10 tranches of 10k? you also need to assess your risk and understand yourself. how much are you willing to lose? Your time horizon, your age ? Are you in the growth team or dividend team? or both? Have you open investment platforms? Hope this help...hope u can reply so that i can asnwer more of your questions. #planwithcolin
šŸ‘ 0

SeedlyTV S2E04

Robo-Advisors

Investments

I have excess money at the end of the month, should I deposit into these robo-advisory platforms?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 07 May 2020
Hi, First if u already factor in setting aside your emergency funds and this $100 is excess money and you want to invest in robo advisors, you can do so. I will recommend stashaway as your first robo advisor platform. 1) it has user friendly interface. 2) it assess your risk profile. 3) it primarily focus on ETFs(US), 4) it allows you to set goals. 5) it allows you to dollar cost average every month, every week, or daily. 6) passive investing , no need spend time to do your research. Hope this helps. you can reach out to me if you would like to understand more on financial planning. #planwithcolin
šŸ‘ 0

Property

Resale HDB

Payments

Personal Finance 101

Whatā€™s the value of my house if i were to place it on assets? Is it the purchase price of the house?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 07 May 2020
If you have finish paying off the mortgage, your house is your assets. the value of the house can be determine by valuation from the bank or market sales... it may not be your purchase price cos got chance that the house value will drop. if you are still paying the mortgage, it is still under your liabilities.
šŸ‘ 0

FIRE Movement

Lifestyle

Retirement

Savings

Investments

How can I save more for my goals?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 07 May 2020
Wow this is very ambitious goal.. you are 19 years old, to achieve 100k by 25 years old...you have 6 years...if u save 1000 per month and get a returns of 10% per annum...you probably will achieve 100k. So u need to ask yourself... do u have the risk appetite to invest in riskest assets? equity? if you have, you can look at various investment: passive investment: robo advisors, ILP, etc active investment: building your own portfolio. FSM, Interactive brokers, etc you can reach out to me to understand on how to achieve your goals and also planning for the future. #planwithcolin
šŸ‘ 0

REITs

ETF

STI ETF

Stocks Discussion

Online Brokerages

SeedlyTV S2E05

Investments

Would you pick STI, ETF or REITs?
Colin Lim
Colin Lim, Financial Services Consultant at Colin Lim
Level 7. Grand Master
Answered on 07 May 2020
Hmmm for me i will not pick both... but to reply your question...i will opt for reits. reits is at a new low and its possible to have growth and dividends after 10 years.
šŸ‘ 1
Load more questions
Level 7. Grand Master
1142PointsGoal 1500
358 POINTS TO LEVEL UP
Browse Rewards
Top Contributor
Top Contributor
APR