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Dee Lee

Your neighbourhood friendly investor

Dee Lee

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Your neighbourhood friendly investor

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Dee Lee

  • Answers (7)
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Investments

SAXO Capital Markets

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered 4w ago
Tl;dr – Use Revolut. I've tried both TransferWise and Revolut. Got charged both transfer fees and interbank fees for the former. And nothing for the latter. Only limit is that there is S$9K exchange/transfer limit per month for free acccount. Subsequent amount involve fees. Open a Revolut account, fund your account with SGD (through credit card). Convert to USD and send to Saxo's bank account. Make sure your Saxo default currency is set in USD.
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Family

Investments

Stocks Discussion

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 28 Feb 2020
I'd definitely recommend Singapore Savings Bonds. Current returns is about 1.7% (average) after 10 years. Kind of like a fixed deposit, but with way better liquidity. You can withdraw at any time – the only thing you lose is further interest earnings.
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Stocks Discussion

TransferWise

SAXO Capital Markets

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 25 Feb 2020
Had the same question recently and clarified with Saxo. Yes, you can fund your Saxo account through Transferwise. Potentially can get better rates compared to Saxo (mid-market rates +/- 0.75%). You'll know how much fees you're paying upfront with TW. Only drawback is you'll need to show proof of transfer. Also, it will take some time for the transaction.
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SG Budget Babe

MileLion

Miles

Cashback

Credit Cards

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 21 Feb 2020
A credit card is a good servant but a bad master. Start by looking at your expense pattern. Do you spend more online/offline? Does the bulk of your money go towards food/entertainment/travel? What are the fixed expenses, e.g. SP bill, insurance, donations? Based on this expense study, figure out which card serves your lifestyle. You can then strategise how to maximise the card benefits – e.g. use credit card for phone bill and SP bill. Don't change your lifestyle to suit your card.
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Stocks Discussion

REITs

Investments

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 21 Feb 2020
Prices of some REITS did drop at the beginning, especially hospitality and retail. But with the situation seen as being under control, confidence has been restored. Anyway, rents will still be collected even if people are working from home, for example, in the case of commercial and industrial REITS.
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Savings

Investments

Online Brokerages

Brokerages

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 20 Feb 2020
If you're just starting out, I'd recommend that you go for a local index ETF first – i.e. STI ETF ES3 or G3B. Not the most exciting of all, but just something to get the momentum started. That'll form the first component of a basic long-term Boglehead 3-fund portfolio – local index ETF, local bond ETF and a global index ETF. In short, it's like chap chye peng. You own a bit of everything in the whole world. As you get the hang of the platform you're using – UX, fees, etc. – you can then start reading up more on buying individual stocks. Whatever brokerage you use will provide you with a monitoring tool, usually through the app.
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Investments

Savings

Bonds

Stocks Discussion

Dee Lee
Dee Lee
Level 3. Wonderkid
Answered on 20 Feb 2020
That depends on what constitutes an emergency to you. Is an emergency an occasion where you'll need cash on hand in a matter of hours, days or weeks? With that answer in mind, look at what you intend to invest. Can the money be withdraw (e.g. bonds sold) within that emergency time norm you've defined? If the answer is no, then it's better to keep it in a space where you have better liquidity.
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Level 3. Wonderkid
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