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Evelyn

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Evelyn

  • Answers (22)
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AMA The Fifth Person

Investments

How much of your portfolio is in Overseas counters? For me, mine is about 15% to 20%.?
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Evelyn
Level 4. Prodigy
Answered on 30 Nov 2019
90%! the remaining 10% for local equities and bonds. it's never a good idea to overweigh with too much local stuff when Singapore doesn't take up a significant portion of the whole world market.
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Insurance

20 YO male, looking for insurance?
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Evelyn
Level 4. Prodigy
Answered on 30 Nov 2019
May I suggest you look into term insurance... no cash value if you ever want to cancel the plan but it's less taxing on your pockets... or a huge coverage for the same amount of money you might use in a traditional whole life insurance policy term insurance covers death, tpd and can add on coverage for critical illnesses and early stages of critical illnesses. never mix insurance with investment is very crucial point to learn... so avoid Investment Linked Products unless you've done your homework of knowing what to invest and the costs involved.... and honestly, it's too much effort to do so, by the time you do it, you will learn that it's easier and cheaper to invest on your own.
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Investments

Savings

Should I Invest in the global US markets after setting aside my emergency funds with an excess of 2k?
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Evelyn
Level 4. Prodigy
Answered on 15 Oct 2019
You should! To diversify your investment! But you may not want to buy from the US itself because of the withholding tax and estate tax. You can consider buying ETFs that is Ireland domiciled. You can still get yourself exposed to US markets through buying Ireland domiciled ETF like VUSA for example.
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Investments

Regular Shares Savings Plans (RSS)

StashAway

What else should I invest in if I'm already investing 100$ monthly into StashAway?
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Evelyn
Level 4. Prodigy
Answered on 15 Oct 2019
Agree with some comments here. A beginner can consider ETFs for passive investing, stock picking is a skill and requires a lot of time and effort to read up which mostly cannot afford to unless it’s their day job. StashAway will give you global exposure to the markets. However, eventually, you might want to move away from robo-advisor because the fees can rack up quite a bit when your portfolio is huge like in 6 digits? And by then, you’ve learnt enough to decide what a good global ETF is to you. You can now consider investing in STI ETF for the local stock market exposure. After which, if you wanna bring down the volatility of your portfolio, you should consider buying into local bonds like A35 or MBH?
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Investments

Savings

Regular Shares Savings Plans (RSS)

STI ETF

Is it wise to contribute such a (relatively) high amount into my monthly RSP for STI ETF every month, especially when it's making a loss?
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Evelyn
Level 4. Prodigy
Answered on 09 Oct 2019
Like what the rest has mentioned. It’s too risky to just invest in STI ETF only. You need some global exposure, you can consider IWDA(+EIMI for the emerging markets exposure) or VWRD or VWRA. Reduce the STI ETF amount and buy into one or two of these ETFs. The ratio all depends on your risk appetite. You can read up more online before buying them.
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Investments

MoneyOwl

StashAway

If I have spare 1000K per month (after deducting saving and expense), should I invest this money in Investready II from Manulife (hold for 3 yrs), Stashaway or DCA from MoneyOwl?
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Evelyn
Level 4. Prodigy
Answered on 09 Oct 2019
1800 for fees is very expensive from what I’ve learnt so far. 3x12 monthsx1k=36k 1.8k/36k= 5% of your investment amount. I know it equates to 0 net costs, but it doesn’t guarantee you will get your returns right? If I were you, I will just park it in some high yield savings account like DBS multiplier. At least it’s guaranteed earnings as compared to buying UTs or ETFs. UTs and ETFs need a longer time frame for better returns, no? And I just googled a little bit more. InvestReady is ILP. Do correct me if I’m wrong. ILPs are probably not the best way to invest your monies
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Mobile Plans

Which mobile carrier should I use for the iPhone 11 Pro max 256GB?
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Evelyn
Level 4. Prodigy
Answered on 30 Sep 2019
No contract SIM only plans are the way to go! Roaming wise, I think Starhub is good. I’ve been staying in the US for the past year and am still holding my Starhub card for OTPs, I can connect to the telco quite immediately. If you’re travelling a lot, why not check out their Apple stores? Like the US, it costs less to buy an iPhone here! That’s what I did too! :) iPhone 11 64 GB, is like few hundreds cheaper than in Singapore. And AppleCare is also cheaper too!
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CPF

Money FM 89.3 Show

Savings

What is your opinion on transferring funds from one’s Ordinary Account to their Special Account? Are there more advantages than disadvantages to this approach, and what are they?
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Evelyn
Level 4. Prodigy
Answered on 11 Sep 2019
At the very least, transfer OA to SA till it reaches 40k! 25 years down the road, you’ll get more than 100k for that 40k! That itself is a big plus plus plus point!
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Miles

MileLion

Credit Cards

What does codeshare mean and how does it affect the way I redeem my miles?
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Evelyn
Level 4. Prodigy
Answered on 09 Sep 2019
Sometimes it’s also because SQ doesn’t operate a certain route so code sharing allows SQ to market those routes. When you’re redeeming miles, do take note if you have no choice but have to take a certain airline (due to SQ not flying there) or just availability issues. If your miles are not all in SQ yet, I would suggest you look at the different redemption rates of the airlines you’re interested in and the availability of the award tickets. Then transfer your miles to the ideal airlines. SQ award tickets can be quite hard to be redeemed.
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Investments

Savings

ETF

STI ETF

Should I move my NIKKO AM STI ETF monthly RSP into StashAway with a 13.5 - 15% risk index portfolio?
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Evelyn
Level 4. Prodigy
Answered on 09 Sep 2019
Diversify? NIKKO AM STI ETF’s exposure is Singapore. I would think it would be a good idea if you can set aside another sum to do StashAway since it has exposure to the US and Europe markets. Or money is an issue, maybe you can halve or set aside from the money you’re investing in STI ETF to go into StashAway? Maybe 50%? Or even 80% if you are able to take more risks.
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Level 4. Prodigy
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