Dionysius Ang - Seedly
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Dionysius Ang

I am currently a student studying Aerospace engineering. I wish to achieve financial independence by 35

Dionysius Ang

Aerospace Engineering at Nanyang Technological University

About

I am currently a student studying Aerospace engineering. I wish to achieve financial independence by 35

Credentials

Aerospace Engineering at Nanyang Technological University

Dionysius Ang

Aerospace Engineering at Nanyang Technological University

  • Answers (11)
  • Questions (4)
  • Reviews (3)

Investments

P2P Lending

Funding Societies

Has anyone used Funding Society (P2P) for more than a year?
I have used Funding Society for about a year. The return has been around 10%.(Honestly, I am not sure if the return they show on the app is before or after their fees) All in all, I find that it was quite a worthwhile tool to be used as the user interface is easy to understand and they have bots that can make the investment process a lot smoother. However, due to the speculative nature of P2P, I would not recommend using it as your only way to invest (even if Funding society do offer the lowest in terms of loans - the lowest for each loan is $20). P2P is currently around 20% of my total portfolio. :) I hope it helped you!
šŸ‘ 1

Investments

Securities

Stocks Discussion

I have approx $7300, looking to buy into tech stocks in US - is it a good time now, or is recession going to hit soon so I should invest in defensive industries?
I think we would require more information before we can help. First, How long are you able to part your $7300 in these companies. Second, is it your first time investing? Why do you want to invest in tech stocks? I guess if you're looking at it from a short-term perspective, they will suffer a hit due to speculation, but if they are financially sound companies, they would still perform well in the future. :) I hope that my answer helped.
šŸ‘ 0

Giveaways

SG Budget Babe

MileLion

Stocks Discussion

Lifestyle

In the News

(GIVEAWAY) Tell us a funny finance joke in 5 words or less! Be as creative and funny as possible! The Top 10 Winners selected by our moderators will win a pair of tickets to watch Star Wars: The Rise of Skywalker!?
I think my favourite one is this: A reporter asked an engineer when he could buy Lambo. The engineer said "7 years" She then asked a surgeon when he could buy Lambo. The surgeon said "5 years" Lastly, she asked Jack Ma when he could buy Lambo. He said "10 years." She was puzzled and questioned "A surgeon said he could buy in 5 years, an engineer said he could do the same in 7. Why would you need 10 years?" Jack Ma replied "Lambo is a very big company"
šŸ‘ 0

Investments

Stocks Discussion

Savings

Where should a part-time student park his money at?
Standard Chartered jump start account! The interest rate is 2% for the first 20K. Then the rest can be put in cimb fast saver for 1% interest. Then you can do RSP/DCA. :)
šŸ‘ 0

Investments

Stocks Discussion

Education

Worst financial/investment advice you ever got?
"You pay more for the fund's manager's abilities." On hindsight, since 90% of fund managers don't outperform the market, why did I believe it
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Investments

P2P Lending

Funding Societies

What to invest in for funding society?
I guess you should look at how much you are willing to risk for the return (high risk high return) aka, your risk appetite. You can try to look at the financial report of the company provided as well to understand if they are strong financially.
šŸ‘ 0

Robo-Advisors

STI ETF

Investments

I am currently in uni and have started investing in STI ETF and roboadvisors, what other areas should i invest in or should i just stick with these 2 forms of investments?
I am in the same situation as you, I am currently using roboadvisor - stashaway and P2P - funding society. I guess if you want to reduce the amount of work when it comes to investing, you can continue with it. But for me, i would prefer to do a bit more work and, hence the P2P portion of my investment.
šŸ‘ 0

CPF

PFF Panel 1

Seedly PFF 2019

Assuming that we are able to withdraw the amount above the full retirement sum, will the amount withdrawn from cpf be subjected to tax?
Dionysius Ang
Dionysius Ang
Level 4. Prodigy
Updated on 07 Jun 2019
Allow me to answer my own question. The ans is no. According to Loo. Clarified with them during the break of the personal finance event
šŸ‘ 0

Savings

Insurance

Investments

Personal Finance 101

Leave your thoughts on the Seedly Personal Finance 101 Meetup (December 2018)?
Dionysius Ang
Dionysius Ang
Level 4. Prodigy
Updated on 07 Jun 2019
I think the event is really informative and well planned, please have more of such sessions please.
šŸ‘ 3

Investments

Savings

I'm 19 and have over $15k saving, how much of it should I invest, and what to invest in?
Dionysius Ang
Dionysius Ang
Level 4. Prodigy
Answered on 04 Apr 2019
I guess you can put it in ssb, high yield saving accounts if you're afraid of losses (conservative). Put it in ssb, high yield saving account and market index if you're more adventurous? I put mine in ssb and the market index.
šŸ‘ 2
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