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Eddy Cheong

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Eddy Cheong

Chief Advisory Officer at Moneyowl

11Upvotes

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Chief Advisory Officer at Moneyowl

Eddy Cheong

Chief Advisory Officer at Moneyowl

11Upvotes
  • Answers (5)
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MoneyOwl

Investments

Savings

Eddy Cheong
Eddy Cheong
Level 3. Wonderkid
Answered 4d ago
Hi Gurei Dot Thanks for your interest in investing with MoneyOwl. The projected portfolio values of $140k and $240k are the best and worst returns that can be achieved based on 75% of the time over your time horizon of 25 years. Regarding how these are computed, you could contact MoneyOwl at [email protected] for assistance.

Investments

Robo-Advisors

Stashaway

Eddy Cheong
Eddy Cheong
Level 3. Wonderkid
Updated on 19 Jul 2019
Hi Shannon, thanks for your question. My name is Eddy Cheong, Chief Advisory Officer of MoneyOwl, and I would like to share what we believe in and how we deliver our investment services for clients. MoneyOwl believes that good advice helps to bring about a successful investing experience and that such advice must involve a human element. Advice includes asset allocation, risk profiling, fund selection, monitoring, rebalancing and very importantly risk coaching to help investors stay invested through turbulent market times. There are many reports that show that investors lose out on market return because they panic and sell too early. Thus an adviser adds value when he or she can help investors understand how markets work and stay invested over the long term in order to capture market return, rather than time the market. Our investment philosophy and the expression of it through the way we construct and manage portfolios - when coupled with advice - give clients a very good chance of a successful investing experience. Because we are at our core advisors, more than fund managers, (even though we have a full-fledged fund management licence), we do not define successful investing as being about maximising return or even maximising risk-adjusted return. Rather, we want to advise and structure investments for clients in such a way as to give you the best odds of meeting your goals. From a combination of evidence we have examined and experience including across the GFC, we know that the keys to successful investing lie in 4 areas : - being globally diversified - aiming for market-based return, rather than trying to beat the market through "active management" (either by adjusting asset allocations tactically in response to reading of economic conditions, forecasts or events); - keeping costs low ; and - staying invested over the long term. You can find more information here: https://advice.moneyowl.com.sg/the-right-way-to-invest/

Investments

Robo-Advisors

Endowus

MoneyOwl

Eddy Cheong
Eddy Cheong, Chief Advisory Officer at Moneyowl
Level 3. Wonderkid
Answered on 18 Jul 2019
Hi Anonymous, thanks for the question. I'm from MoneyOwl and we use Dimensional funds in our portfolio construction. Dimensional Fund Advisors is a global investment manager dedicated to implementing the great ideas in finance. Guided by a firm belief in markets, the firm builds and manages strategies to help investors pursue higher expected returns. An enduring philosophy, strong client commitment, and deep working relationships with leading financial academics underpin Dimensional’s approach and form the foundation for new strategies. Through the research of Eugene Fama and Ken French, along with those of other leading academics, Dimensional has concluded that there are observable and persistent premiums to be found in certain dimensions of return, which can be harvested to give above market returns over the long term. For equities, these premiums are in small caps, value and profitability. For fixed income, they are in term and credit. For more information, you can refer to: https://advice.moneyowl.com.sg/the-right-building-blocks/

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MoneyOwl

Autowealth

Stashaway

Smartly

Endowus

Investments

Robo-Advisors

Eddy Cheong
Eddy Cheong
Level 3. Wonderkid
Answered on 22 May 2019
Thank you, Low Rui Jia, for your question. I will answer it in the following way. (1) Who is recommended to invest? Basically anybody who needs to grow wealth should invest so that money works harder than leaving as bank deposits. But before investing, you should be financially healthy, just like you need to be physically healthy to run a marathon. A good financially health means having sufficient emergency fund, avoiding excessive debts and getting major protection risks covered, put you on a firm foundation that strengthen your ability to stay invested in the long term. (2) You should stay invested in the long term For a successful investing experience, staying invested is necessary in order to capture long term market return. While there will always be short term fluctuations, stock markets go up in the long run because of higher corporate earnings driven by demand of goods and services due to growing global population and rising affluence. But staying invested during market volatility is difficult because of human nature. Even though our HEAD knows that (1) there will always be short term market fluctuation, (2) markets always recover and (3) markets go up in the long term, our HEART usually fails to follow through, resulting in missed investing opportunities. (3) A Trusted Adviser Hence it is important to seek good advice and invest with those you can trust. Trust means trustworthy, competent, and one who is able to journey with you to help you stay on course through turbulent times in order to reap the benefits of investing. MoneyOwl believes in this philosophy of trust and competency.. Even though we have a few robos (insurance, will-writing, investment), we called ourselves as bionic adviser. By bionic, it means we combine the precision of technology with the wisdom of human advisers to give you the advice you need. On top of that, our conflict-free salaried advisers are there to risk coach and help you understand how markets work and encourage you to stay invested. It may interest you to know that MoneyOwl is a JV between 2 trusted brands - NTUC Enterprise and Providend. NTUC is a household name that has been around for decades, to serve ordinary working families and help everyone stretch the hard-earned dollar. Providend is the first fee-only, conflict-free independent financial adviser in Singapore since 2003, known for its best-in-class expertise and ethical advisory practice. We are thus confident to bring our services to the Singapore mass market, with this unique parentage that brings a combination of mission and expertise.

Investments

Robo-Advisors

Financial Planners

Eddy Cheong
Eddy Cheong, Chief Advisory Officer at Moneyowl
Level 3. Wonderkid
Answered on 09 May 2019
Thank you, Anonymous, for the question. Essentially both have the same objective of helping clients in discovering their financial needs and providing suitable recommendation so as to achieve their financial goals. The difference is the medium to which you get the advice. The traditional way of getting financial advice is via a human adviser. That is understandable because it has always been the case, until recently with the emergence of robo-advisors. Because money is so personal and involves emotions, aspirations and life decisions, we like to talk to a human adviser who we can relate to. One issue with human adviser is the uncomfortable sales process whereby we might feel the pressure to buy something. Then comes robo-advisers, that essentially have the ability handle complex algorithm to provide advice that is accurate, fast and at your own time. The main issue with robo is that it lacks empathy and human wisdom which is often needed when we talk about money, dreams and trade-offs. Moreover, most of the robos out there are basically investment only, hence not comprehensive in planning approach. There is actually now a third category - Bionic Financial Adviser. Instead of having to choose between a human adviser or a robo-adviser, you can have the best of both worlds with a bionic financial adviser. MoneyOwl is Singapore's first bionic financial adviser. By bionic, it means we combine the precision of tech with the wisdom of human advisers to give you the advice you need. What that means is that you can browse our insurance, investment and will-writing robos for your planning needs and if you to speak with an adviser, our client advisers are there to journey with you at every stage of your financial life. You can read more about MoneyOwl at www.moneyowl.com.sg.
Level 3. Wonderkid
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