Fan ZD - Seedly
Fan ZD

Excited about Seedly & Fintech!

Fan ZD

Employee at A Bank

8Upvotes

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Excited about Seedly & Fintech!

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Employee at A Bank

Fan ZD

Employee at A Bank

8Upvotes
  • Answers (20)
  • Questions (0)
  • Reviews (4)

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 9h ago
Certain dividend stocks allow you to reinvest the dividends into shares (I remember I had ESR REIT asking me to opt-in for that or remain status quo i.e. dividends in cash). For a complete list you would have to dig in and do some research, or perhaps email blast the investment relations department for all the Singapore dividend stocks on SGX. I don't see any such list online for Singapore stocks. Alternatively, you can invest in overseas markets, in my mind it would be easier to get existing lists for DRIP investing.

Family

Investments

General

Singapore Saving Bonds (SSB)

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated 9h ago
I do as my parents did. Keep it for them and put into the joint bank accounts. Use these to teach them the concept of income and expense budgeting.

SeedlyTV EP07

P2P Lending

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 9h ago
For one, Funding Societies I know has skin in the game. MoolahSense does not.

SeedlyTV EP07

P2P Lending

Loans

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 9h ago
From my experience over the past 2 years, usually there is little hope of recovery especially if the guarantors are made bankrupt.

SeedlyTV EP07

P2P Lending

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated 9h ago
I speak from personal experience with both Funding Societies and MoolahSense. Both of them give some basic information in fact sheets for each loan - so that perhaps answers the first part of your question. As to the second part of your question - "all" information is not likely to happen. For example, Funding Societies does not reveal the name of the borrower (last I remember). Basic information about their financial situation at the point of the loan may be given, but if such information is revealed, it will usually be priced into the higher/lower interest rate. I suggest that, unless you are an insider or are somehow able to gain inside knowledge on how well the company is doing, if you do engage in the loans, it would be more useful to consider the frequency/percentage of defaults of each PORTAL, and the type/sector in the loans occur. In that way you can choose the portal correctly, and further adjust your preferences according to the type/sector of the loans.

SeedlyTV EP07

P2P Lending

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 10h ago
Interesting, your question got me thinking! The P2P portals here in Singapore, on a quick check, definitely focus on Individual-to-SME lending. None I've seen so far have done Individual-to-Individual lending, unlike in the US with a few such as Prosper and LendingClub. I guess that sort of answers your question. To add on, I would say that perhaps the margins in the personal loans business segment are just not high enough, especially in a small market like Singapore; adding to the costs is the issue of having to coordinate and chase numerous individual borrowers at lower lending sums versus companies with higher per-loan volume. Secondly, the legal requirement for lenders to obtain a moneylender's license may be unhelpful to the development of such a crowdlending structure (multiple lenders - does that mean that all the individual lenders, lending money to other individuals, need moneylending licenses?).

SeedlyTV EP08

Savings

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 10h ago
At a glance, I think most people will not know about the Wholesale Electricity Price (WEP) plan. So, first up - definitions. These plans are not the ones offered by the retailers out there brandishing all those steep discounts in the Open Electricity Market (OEM)! In contrast, you get the WEP plan from SP Group themselves. What you do when on such a plan, is essentially paying the half-hourly rate at the moment you use the electricity. For example, if you use more at non-peak periods (with presumably lower rates), then overall you MAY actually save some money. One of the use cases I can think of, naturally is those of people whose lifestyle/jobs are inverted to those of regular, working people, i.e. they use most of their electricity when most people don't. On the Price Cap Protector, I can't actually find any information on it. Anyone else able to shed more light?

Geneco

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated 4d ago
Seedly has banned and will remove referral codes posted. BUT you can always go to the Genoco review page and PM one of those who posted theirs previously.

SeedlyTV EP07

P2P Lending

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated 5d ago
As far as I know both Funding Societies and Moolahsense have them. Turning them on gives you priority over those who subscribe/invest manually.

SeedlyTV EP07

P2P Lending

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered 6d ago
Honestly, I find the fact sheets meaningless. What's more important is the rate of defaults for the P2P platform, whether they do their due diligence well in the first place. If they don't, no matter how informative their fact sheet is, you wil still likely incur a loss through defaults.
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Level 3. Wonderkid
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