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 (21)
  • Questions (4)
  • Reviews (11)

Robo-Advisors

StashAway

Investments

Online Brokerages

Is Stashaway likely to close down like Smartly? Why or why not?
They have recently gone through another round of funding - series C. Hence, there shouldn't be any cashflow or funding issues. As I am a user, I really feel that Stashaway really innovates (with the cash account - stashaway simple). Their app is also really user-friendly. The only gripe that I have was that my portfolio was reconfigured without warning in the previous month. 😅 Which I felt that it could be better managed.
👍 0

Lifestyle

Finance Savvy

In recognition of mothers day, what are some financial habits you picked up from your mom?
Occasionally I would have periods where I have spurge more than usual. Which means $200-300 more every half a year. I thought it was strange until I saw my mom doing the same thing. Guess spending habits do get passed down. :')
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Investments

Kristal.AI

ETF

Online Brokerages

Anyone uses Kristal AI to buy US ETF? How is it? Are there any problems with the platform?
I'm using the platform to buy into the S&P 500. Doesn't seem to have any issues at the moment. But there are a few times where the app's servers crashed and i cannot access my account (caused my heart to skip a beat when it happens)
👍 1

Family

It's Father's Day this Sunday, 16th June! What are some of your father's financial habits that you have modelled after?
My dad taught me the importance of frugality. He also taught me that the main purpose of money should be to bring joy to those important to us. So he doesn't skimp when it comes to spending on those he loves. 🙂
👍 0

Investments

Robo-Advisors

DBS digiPortfolio

Syfe

StashAway

I have invested some money in DBS digiPortfolio, syfe and stashaway and there are some profits. I would like to know if I withdraw these earnings out, will it affect my current portfolio? What's the impact I'm looking at?
It would depend on your investment duration. If you are planning to invest for the long run, withdrawing a significant amount of money out now would have quite a significant impact on your returns at the end. Simple calculation to illustrate the example. 1000 (1.08)^40 would be $21,700 If 800 would be $17,379 If 400 would be $8,689 By removing just $200, you would decrease the amount that compounding effect can magnify by $4000.
👍 0

National Service (NS)

Investments

Savings

ETF

Syfe

StashAway

Robo-Advisors

Hi I'm a beginner with 20k savings currently serving NS, how much should I allocate for emergency funds and how much to invest?
I had the same question before. The answer is..... It depends. If you are planning to pay off your student loan (for uni) with that money, I would not recommend investing. But if you are lucky enough not to be burdened by student debt. Sure. For investing: 5K as an emergency fund should be good enough. But you would still need to ensure that you have sufficient holding power (insurance and some income assets) before investing. For student loan: Recommend that you keep the money in a high-interest savings account or short-term endowment so that you can pay your student loan immediately when you graduate. (this is cos bank loan rates are at around 5%)
👍 0

Insurance

Disability Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Term Life Insurance

Is the Mindef Aviva group insurance sufficient for an adult, if I decide to continue with it even after completing my NS as the premium is really affordable? What are the pros and cons?
Hello, The pros are as follow: 1. Affordable - It cost in the range of $340 for a 300,000 coverage for CI, Accident and Term life 2. Spouse can join in - This is at a higher (but still affordable price) So the pros would allow you to BTIR (Buy term, Invest the rest). Which for my personal protection, I plan to self-insure by 65 (when the policy's price sky-rocket). Hence, this insurance plan suits my needs really well - of course, you can complement your coverage with other policies. Of course, the cons are: 1. Subjected to changes - as this is a group insurance. 2. Increasing cost - especially when you age. For my personal approach, my insurance coverage will be mainly by this plan, with other policies by other providers for complementary coverage. My rationale is that the conditions of the policies would not change that much as MINDEF would have favorable bargaining power when they decide to change the provider. Hope I helped. :)
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Investments

Bonds

Online Brokerages

What are your thoughts on excluding bonds in the portfolio of a young investor?
I would say that there isn't a need for bonds for young investors in general (highly dependent on how loss adverse you are, if a high-stock weightage causes you to lose sleep at night - you should lower it). Personally, I treat CPF as my bond allocation.
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Education

Savings

Salary

Career

Undergraduate

What are some ways to earn an income in uni while balancing studies?
My friend managed to save up enough pay off her student loan by taking 4 students for tuitions. That is the path that I am taking now as well 😊. But I guess the best way is to generate income from your field of study (CAD, 3D design, graphics, website design). You get to boost your resume and earn a side income as well. Or you can do research internship with a prof during your semester. Your university also have experiments that you can take part in to subsidise some of your living expenses.
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Undergraduate

Investments

Savings

Savings Accounts

How much money should a 21 year old undergrad have?
You're in a good position (considering you already have a sum of money to be used as your emergency savings) as compared to other undergraduates. But whatever my next paragraph would be contradicting what I just said. In personal finance, I find that it is not beneficial if you keep comparing to others - there will always be someone better off compared to you. It is more important to know your needs and how much money you need to feel secure. Hope I helped. 😊
👍 0
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