Ernest Yeam Wee Leong - Seedly
Ernest Yeam Wee Leong

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

Ernest Yeam Wee Leong

53Upvotes

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

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Ernest Yeam Wee Leong

53Upvotes
  • Answers (73)
  • Questions (2)
  • Reviews (1)

CIMB FastSaver

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 6d ago
https://www.cimbbank.com.sg/en/personal/news-and-promotions/promotions/accounts/cimb-fastsaver-referral-programme.html From this link you can get 20$ referral bonus. Pls pm and I can share my name and NRIC if you are sure about opening up bank account. You are welcome to email me [email protected] and I can share my details

Stocks Discussion

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Updated 1w ago
The easiest way to check is to go to CDP website to check your holdings. https://www1.cdp.sgx.com/sgx-cdp-web/login !
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Stocks Discussion

Investments

REITs

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 2w ago
Personally, there are two sides of the coins based on the assets under the REITs. 1) Since the properties are not so good and medium risk involved due to the lack of diversification, it would be better to wait on the side for better properties to be injected or share price to go lower to account for the risk. or 2) Since the properties that would be injected in the future would potentially benefit shareholders with reduced risk and greater returns, it would be better to enter now and hold on with dividends received while waiting for potential upsides. There are two approaches. Wait for better visibility and lower risk. Or take the risk and wait it out. Is your call to decide which boat you prefer.

Investments

Stocks Discussion

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 4w ago
You can invest in dividend-paying stocks or REITs if you understand how stocks and REITS works and how to value it. Otherwise, you can use $1000 to learn from others who are successful in making passive income.

Savings

Undergraduate

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 4w ago
If possible, try to find someone that you know who is successful and get them to be a mentor to you. eg. To be better at sales, find someone top in sales. To be better in investment in stocks, find someone good in investment. Since you are in university, there are also those investment clubs that you can join to learn from one another. You can also read up on the blog post by seedly that indicated what are the things one should prepare or aim for financially

Investments

Credit Card

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 4w ago
There are two paths 1) Pay off all debts fully then go into investment (Most Preferred to me) 2) Pay off debts partially and also do investment You can do a comparison between the interest rate on the credit card debt and the returns on the investment. Paying off the credit card debt for sure will be "guaranteed" returns whereas going into an investment, you might face the risk of the investment not performing.

STI ETF

Regular Shares Savings Plans (RSS)

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Updated 4w ago
Yes, DIvidends is paid out based on the holdings in the ETF. If the company pays out dividends, you will receive dividends too. I have invested in Lion-Phillip S-REIT ETF and also received dividends too from the REITS that the ETF invests in. !
Answer image preview

Property

Investments

Lifestyle

Loans

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered 4w ago
There are two ways to look at it. 1) Using Cash to Pay No worries about loans to pay. If need cash urgently might be difficult, no emergency money. Can do equity loan to "withdraw" money with the house as collateral if needed 2) Using Loan to Pay Have to worry about loans repayment every month Cash on hand means got buffer money for emergency Can also use cash to do investment that is able to cover the loan repayment interest. End of the day got to see whether you are able to use cash that you have more effectively. If you can make returns greater than the cost of borrowing it, then take a loan. If cannot, then probably use more cash to pay.

Investments

REITs

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Updated 4w ago
Similar to Stocks, REITS are basically stocks that invest in real estate for the purpose of generating income from the rental of the properties that are then distributed back to REITs shareholders. Possible reasons why REITs are formed as it allows assets owner to liquidate their assets via the stock market through IPO instead of selling the property. And these assets owner makes money not only from the sales of the property but also make recurring income from property management and management fees. link: https://www.cmt.com.sg/trust-structure.html ! To invest in these REITs, the main thing I would look at is the stability of the returns that I will get as dividends from investing in these REITs. Since I am into dividend income, evaluating how the dividends are stable or increasing over time is important. And the following main factors affect the dividends I will be getting in the long term - Dividend Payout - Gearing - Property Sector - Weighted Average Lease Expiry - Country Risk Dividend payout is distributed back to your bank account and the dates will be announced by the company. Link: https://cmt.listedcompany.com/distributionhistory.html Price of the REIT fluctuates up and down similar to stocks. The reasons can be a lot as the price is set by the market. In the long run, it will eventually be set by the fundamentals of the company performance. Let me know what other questions you have. You can also search on Seedly blog for more information about REITs.
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Lifestyle

Career

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 5. Genius
Answered on 28 Aug 2019
You can do stuff such as - deliver people - deliver food - deliver stuff - deliver pets - deliver groceries - sell car space for ads - show ads in car You can check them out below http://www.movo.com.sg/ https://carblicity.com/ https://www.jnrentertainment.com.sg/marketing-campaigns
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