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Eugene Wee

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Eugene Wee

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Eugene Wee

  • Answers (4)
  • Questions (1)
  • Reviews (2)

Singapore Saving Bonds (SSB)

DBS Multiplier Account

Savings Accounts

Is the dividend from SSB only recognised for the first 12 months, for the extra interest rate for DBS Multiplier?
Eugene Wee
Eugene Wee
Level 3. Wonderkid
Updated on 03 Sep 2019
No, you actually need only to buy for the first 6 months. As the interest from SSB gets distributed every 6 months, from the 7th month onwards, you'll get the interest from the 1st month, 8th for the 2nd month and so on. A bond ladder effectively. This will last 10 years and will fulfil the extra interest for the investment category of DBS multiplier, at least till they change the regulations.
šŸ‘ 4

Salary

What is the average percentage salary adjustment after probation?
Eugene Wee
Eugene Wee
Level 3. Wonderkid
Answered on 03 Sep 2019
I believe it highly depends on your company - usually there might be bump about 15-20%, but more and more companies are adopting the same pay for probation and post-probation, YMMV!
šŸ‘ 1

Investments

Retirement

AMA Christopher Tan

What is your views on BCIP in AM Nikko ETF? Worth the space as part of your overall portfolio??
Eugene Wee
Eugene Wee
Level 3. Wonderkid
Answered on 20 Feb 2019
I think the articles written on Seedly well explains the purpose of having an ETF in your portfolio compared to picking individual stocks. Assuming you're only selecting ETFs, having this in your portfolio will be useful should you choose to retire in SG. Unless you're willing to devote a lot of your time picking stocks and chasing gains, a fuss free method of "playing the market" will be ETfs. My current allocation will be 110-my age for percentage in stocks and the remaining for bonds. With the percentage set for stocks, I've diversifited it half into SG markets and half into World markets. Hope it helps!
šŸ‘ 1

Bonds

AMA The Fifth Person

Investments

What does it mean when the yield curve of bonds invert? Why does it usually precede recessions?
Eugene Wee
Eugene Wee
Level 3. Wonderkid
Answered on 20 Feb 2019
I think this video perfectly answers your particular question https://www.youtube.com/watch?v=5L_zQGPNXOk&t=81s TLDW: It gauges investors expectations and see whether if history repeats itself to predict an inmpending recession
šŸ‘ 1
Level 3. Wonderkid
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