Fan ZD - Seedly
Fan ZD

Excited about Seedly & Fintech!

Fan ZD

Employee at A Bank

12Upvotes

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Excited about Seedly & Fintech!

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Employee at A Bank

Fan ZD

Employee at A Bank

12Upvotes
  • Answers (23)
  • Questions (0)
  • Reviews (4)

Geneco

Electricity Market

Promo Codes

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 23 Jul 2019
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.

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 19 Jul 2019
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

Savings

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 18 Jul 2019
I was in the same situation 10 years plus ago. Same age but in NS so wife was 2 years ahead. All the conversations around our finances and hopes definitely helped, but they were all theoretical. When one starts working and getting an income, the practical experience will change one's perspective. So what I can suggest is this: if the still-studying one is able to cope academically, why not get him/her to start part time jobs at the same time the other half starts working? While the income will allow you to contribute to expenses on some level vis-a-vis your other half, the main benefit is the working experience which basically aligns both your perspectives about income and expenses. This common practical ground will help to reduce the gap between your thinking and his/hers, and make it easier to work things out financially.

Family

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Answered on 18 Jul 2019
While there are many things to discuss, why not start with one simple topic? Get a joint account for joint expenses and agree among yourselves how much each of you will contribute to it. I think thats the most important.

Rent

Savings

Robo-Advisors

Investments

Family

Lifestyle

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 18 Jul 2019
Rented before as a student more than 10 years back, so the prices have probably changed by now. On the other hand, I have many Indian/Filippino colleagues on work pass who rent rooms in HDB flats - these can be anywhere between 400 to 800 per room depending on location. For example, rentals in Yishun are usually closer to the 400 range. Somewhere like Kovan or Tampines would be closer to 700/800. If you are looking at condos, they would be slightly higher due to the amenities, of course. For more price ranges, you can look at AirBnB too.

SeedlyTV EP07

P2P Lending

Loans

Investments

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 18 Jul 2019
From my experience over the past 2 years, usually there is little hope of recovery especially if the guarantors are made bankrupt.

Family

Investments

General

Singapore Saving Bonds (SSB)

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 17 Jul 2019
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 on 17 Jul 2019
For one, Funding Societies I know has skin in the game. MoolahSense does not.

SeedlyTV EP07

P2P Lending

Fan ZD
Fan ZD, Employee at A Bank
Level 3. Wonderkid
Updated on 17 Jul 2019
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 on 17 Jul 2019
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?).
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Level 3. Wonderkid
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