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Ernest Yeam Wee Leong

Singapore's Lifestyle and Personal Finance blogger. Tips on www.justbeingernest.blogspot.com/

Ernest Yeam Wee Leong

Content Creator at https://justbeingernest.blogspot.com/

About

Singapore's Lifestyle and Personal Finance blogger. Tips on www.justbeingernest.blogspot.com/

Credentials

Content Creator at https://justbeingernest.blogspot.com/

Ernest Yeam Wee Leong

Content Creator at https://justbeingernest.blogspot.com/

  • Answers (114)
  • Questions (2)
  • Reviews (1)

Investments

ETF

Dividends

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
You can use this website to find the yields of ETF on SGX. link: https://www.fundsupermart.com/fsm/etf/etf-selector So far i have been looking as well and the REITS ETF after accounting for expenses fall below 4%. There are some ETF that are risky but the yields are above 4% I write cool stuff about personal finance and money-saving hacks here.

Lifestyle

Personal Finance 101

There is nothing to justify if you are paying to do things that you enjoy. You are accountable to no one but yourself. As long as the amount spent is manageable and not excessive then go ahead to spend and experience it. Others have hobbies like collecting Funko toys and spend alot on it. As long as it makes them happy and they can afford it then no worries. I write cool stuff about personal finance and money-saving hacks here.

REITs

ETF

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
You can start with DCA via RSP and work on it first. If you feel that you have better understanding of REITS and able to manage your emotions or temperament in handling the up and downs of share prices then can move into individual stocks. Long term wise I will preferable choose ETF due to less involvement although that means lesser returns and less headache. I write cool stuff about personal finance and money-saving hacks here.

CoAssets

Investments

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
They do have a variety of projets to invest in from paper companies to real estate. Currently it is mostly into Films and company financing. The amount is average from $5k onwards. I have invested twice so far and got back the returns. If you have more questions their account manager will be quite keen to follow up with you. I write cool stuff about personal finance and money-saving hacks here.

REITs

Stocks Discussion

Investments

Savings

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
For REITS these are the things that you can look at Qualitative Aspect - Sponsor - Manager - Location of properties - Stablility of Country Quantitative Aspect - Gearing - Cost of capital - Wale - Revenue track record - earnings track record - payout ratio - occupancy rate - Diversification - P/B As of now based on P/B reits are generally over valued I write cool stuff about personal finance and money-saving hacks here.

Blue Chips

ETF

Investments

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
Yes, ETF and bluechips are similar to stocks that can be bought and sold at any time. They are on the stock market and you can buy it from a seller and sell it to a buyer. I write cool stuff about personal finance and money-saving hacks here.

Property

Lifestyle

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
Most thing buy in bulk will definitely be cheaper since the profit margin that sellers earned can be reduced with increase in volume. Depending on how expensive it is, if the amount expected to pay for these items are high can consider getting from Malaysia and shipping it over. Many companies in Malaysia know that Singaporeans like to buy from there so they have delivery services to Singapore provided too. There are also local companies like COURTS, Best Denki, Harvey Norman where you can wait for offers/promotions and use credit cards that maximise your rewards and if they are under Capitamall then can earn capitastar rewards. With ecommerce you have websites like Shopee or Lazada or taobao with limitless options. To get more savings can use cashback sites like shopback and also use credit cards with high rewards. Remember to use voucher codes too. I write cool stuff about personal finance and money-saving hacks here.

Resale HDB

CPF

Payments

Property

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 2d ago
Irregardless of how the buyers pay whether is it using CPF or Cash, you will be receiving it back in the amount based on what you used. If you pay full cash, you get it back full cash. If you pay with CPF and cash, you will get the remaining cash after minus the CPF principal and accrued interest due to it. I write cool stuff about personal finance and money-saving hacks here.

CPF

Income Tax

CPF SA

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered on 23 Dec 2019
Yes, you have until next week deadline to do it. Did my in the past week also. ! I write cool stuff about personal finance and money-saving hacks here.
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Property

Loans

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered on 23 Dec 2019
First find out from the banks what is the loan amount that you can have. Then take a 20% cut of that loan amount. Divide it by 80% and that is the price of the house you can buy. eg. bank loan $300k 20% discount is $240k price of house to buy is $300,000 loan amount is $240k downpayment is $60k I write cool stuff about personal finance and money-saving hacks here.
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