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Dylan Teo

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Dylan Teo

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Dylan Teo

  • Answers (7)
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Investments

How much % lost will you decide to sell that particular stock?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Updated on 07 Jun 2019
Investopedia has a pretty good guideline on how you should deal with a losing position. The crux of it is that you should ask yourself 3 questions: 1. Why did you buy the stock? 2. What changed? 3. Does that change affect your reasons for investing in the company? Thereafter, your investment style (growth/value) would also contribute to what decision you should make. I'll leave the article here if you're keen on reading more: https://www.investopedia.com/articles/02/022002.asp
👍 1

Career

How to find to first bucket of money with limited qualifications?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Answered on 13 Jul 2018
Hi there, it's good that you're taking the first step towards your financial goals! As others have mentioned, money can be found as long you're willing to get down and dirty. I think it's really important to explore and see what truly sparks your interest - don't let a lack of "qualifications" hold you back! I'd also like to refer you to this reddit article, you might find it helpful. One of the top comments has many other links that will point you to other similar threads. https://www.reddit.com/r/singapore/comments/8escyp/hirsgwhataresomeofthewaysicanearn/
👍 2

Investments

Are there any social trading platforms available for SG?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Answered on 12 Jul 2018
There are a few commonly used ones, but I strongly recommend Tradably! Tradably's mission is to bring transparency and accountability to the investments space. This is done by tracking all ideas provided on the platform and tying them to actual market-values in real-time. Also, ideas shared on the platform are normally accompanied by TP, SL, timeframe, allocation and analysis. The result is that you get ideas that are very actionable, that also come from trusted investors with a track record you can see for yourself. Talk about transparency!
👍 3

General

Investments

What are the mega trends for the next decade. i.e (10, 20 yrs)?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Answered on 18 Jun 2018
There are many mega trends that have been widely speculated to become pervasive in time to come, such as IoT, Big Data, Blockchain, 3D Printing & Cashless Payments. I'd like to zoom in on one; Artificial Intelligence. Some prime examples that come to mind include: - Alexa. You can read about how smart it is becoming here: https://www.technologyreview.com/s/611216/yes-alexa-is-recording-mundane-details-of-your-life-and-its-creepy-as-hell/ - OpenAI by Elon Musk. This example hits close to home. OpenAI is responsible for creating a DotA AI Bot that leveraged deep learning and it's artificial neural network to defeat real, professional players in 1v1 matches. As someone who has played DotA for a decade, this is truly astounding. https://blog.openai.com/dota-2/ - Recently, Goldman Sachs used AI to predict the 2018 World Cup results. Cool stuff. https://www.businesstoday.in/trending/world/goldman-sachs-ai-predict-fifa-world-cup-2018-winner/story/279049.html
👍 0

Investments

I’m a 23 year old male and recently got interested in investing. However, I have only made one investment so far in POSB’s Nikko AM STI ETF at $100 a month. Any advice on the next step?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Answered on 14 Jun 2018
Apart from STI ETF and bonds, you can consider using robo-advisors as well. Low management fees and super easy to use. Don't even need CDP account or broker. I am personally using Stashaway because it's the most popular one (iirc). I believe Seedly has a comprehensive article comparing all the different robo-advisors!
👍 1

Career

What do I do if I have the sum of $2K in my POSB saye account which is gonna be done for 2 years? Going to ord in July this year. Continue saving or use half for vacation to de stress?
Dylan Teo
Dylan Teo
Level 4. Prodigy
Answered on 06 Jun 2018
Shiny Things (Joshua Giersch) from Hardware Zone Forum once said: - If money is needed within 2 years, keep them in cash - If money is needed within 5 years, keep them in cash / bonds - Else, keep them in stocks I agree. Also, for young millenials like us who do not have a constant income (assuming you are continuing your education after you ORD), the returns we get from the meagre sums we invest are honestly almost negligible. I think it's a much better choice to invest in yourself, meaning to say, pay for experience and memories that will empower and enrich you! It'd make more sense in the long run because you increase your employability and therefore your disposable income as well, allowing you to invest more.
👍 6
Level 4. Prodigy
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