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Gerald Ong

I LOVE investing and creating businesses! Started my first business at 16, investing at 18 and I never looked back!

Gerald Ong

Full-Time YouTube Educator at www.youtube.com/GeraldOngSL

About

I LOVE investing and creating businesses! Started my first business at 16, investing at 18 and I never looked back!

Credentials

Full-Time YouTube Educator at www.youtube.com/GeraldOngSL

Gerald Ong

Full-Time YouTube Educator at www.youtube.com/GeraldOngSL

  • Answers (10)
  • Questions (0)
  • Reviews (1)

SeedlyTV S2E10

Singapore General Elections 2020

Career

Education

What do you honestly feel about local vs foreign talent when it comes to job competition in Singapore, and in which white-collar industries in particular?
Well I come from the sports industry (Badminton coach) and a lot of these talents are my personal friends. Everyone here is trying our best to just make a living so I understand their plight. I feel that it's a fair game tbh and it's the price of globalization. It's bad when they steal my ricebowl but often times they worked hard and deserved it. If anything, I needa work harder and smarter to beat them both in her and potentially back at their homeplace too! P.S Do check out my personal finance and businee YT Channel at: https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA
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Investments

Dividends

REITs

Blue Chips

Stocks Discussion

Online Brokerages

Why is dividend investing only suitable for large capital? If you reinvest the dividend, would it not essentially serve the same role as growth stocks?
Hey there! Yes and no, if you reinvest your dividends, technically you would compound your growth because you get more dividends over time too. But let's take a step back and understand why people even classify stocks as dividend and growth in the first place (a lot of different ways to categorize them so please do research here! because the lines can be arbitrary and super blur sometimes!). Generally, dividend stocks are companies that have proven to be able to consistently pay out consistent dividends for a long periods of time and growth stocks are stocks that are expanding rapidly (more customers, rapidly rising revenues). The thing is, it is possible that a company CAN be both a dividend stock and yet still grow rapidly. And famed investor Warren Buffett likes company that can grow fast and has a strong moat, and can consistently pay dividends. (Best of both worlds!) But here's where the difference lies - Getting maximum Return on Investment. Say a 'dividend' stock gives 8% dividend (which is great!) but doesn't grow every year vs a company that grows at 8% a year (which isn't great in my opinion btw!). Which would you invest in? If you want are retired, it makes sense to get the dividend one because you can reinvest some, keep some. But if you reinvest, then there's several downsides like transaction costs especially if you've a SMALL Capital(e.g min $20 brokerage fee when your dividend is like $25), the delay in investing, because dividends are paid once per year and the additional manual labor of having to reinvest it (imagine you have 30 dividend companies paying dividends at different times!). This will likely eat up quite a bit of your gains and this is probably why you hear people saying dividend investing is only suitable for large capital. Growth stock on the other hand doesn't give cash, and it is wayyy harder to estimate growth rate and often times, growth stocks are priced at a high price to account for it's 'potential' growth speed, but it can grow quickly! Put money and you'll just need to monitor the company's performance (Less admin, low value work). But if you need money, it can be hard to liquidable especially if you own a small number of shares! Again, high cost of selling shares, e.g a $20 DBS lot (100 shares)+ $20 transaction fee means you get a 2% transaction fee for taking money out! Now back to you, what would you invest in? It's actually possible to have both btw! If you found this helpful, please show some love cause it GREATLY affects my dividend income ;) https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1
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Savings Accounts

Savings

DBS Multiplier Account

Standard Chartered JumpStart Account

Singlife Account

I'm a fresh grad trying to decide which savings account to open. Was gonna go for DBS Multiplier until they revised their interest rates today. Any recommendations?
Hey there! Thanks for asking. Well here's my thoughts. Logically speaking, you should maximize yield so put the first 10k in Singlife, note that after that the yield drops to 1% so you need to consider if it's still the best...(not to mention that their current yields are already NOT Guaranteed) and if they change their policy and rates, you can always withdraw and move it to another place with better yield. If you've extra then try JumpStart or DBS, depending on which gives better rates for your situation. But quickly open the JumpStart because there's an age limit. It's always easy to close later. They have flexible withdrawals & sdic insurance so you don't have to worry about losses for up to 100k so there's little downside too so no need to worry really. The bigger problem though is how are you going to grow your money in a low-interest-rate environment because inflation is gonna take out a couple of years of your retirement. Now THAT problem probably warrants a lot more of your time and attention and you might wanna read up and learn how to invest and put that money to work in places better than the savings account. Hope this helps! P.S Do support my channel if you find this helpful cause, you'll be making a big difference in my life! Thank you. https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?sub_confirmation=1
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Career

SeedlyTV S2E10

What happens if you never find a job that you like?
Well this is a tough personal question pal. Is it internal or external? Sometimes seeing the world through a pessimistic and sad lens could make you hate everything! Secondly, why do you not like the jobs you've worked in so far? Was it the way you searched for jobs or the jobs you worked in? Did you not try enough? Then the question becomes, what do you like then? Maybe if we work from this way, you might be able to find a job you like. If it doesn't exist, can you make money off it? If so, you might want to try starting a business around things that you like. As with all things in life, not EVERY part of work/job is enjoyable. I've been running my own business of half a decade and I can tell you, there are just days I'm just dragging myself out of the bed just to work (even though i'm super passionate about what I do) but in the end, it's worth it because I've a dream, I've a goal. I made a free playlist on how you can start a $0 business here, though I'm not sure how helpful it'll be to you. https://www.youtube.com/watch?v=wwnTR8WUPRI&list=PLUDXIekFhIfoU4DXRz4mB3nU1pSiFm So take some time and figure out about what you want, and work hard to try and achieve it! Good luck. If you found this helpful, please show some love, otherwise I might be out of a job that I absolutely love! https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1
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ETF

S&P 500 Index

Investments

Dividends

Online Brokerages

FSM One

Regular Shares Savings Plans (RSS/RSP)

I am considering to RSP 100 USD for VOO through FSMOne. However, I saw the min USD2.50 dividend handling fee. What will happen if my dividends are less than the dividend handling fee?
Hey, I had the same question before too! Short answer You don't get any dividends. What I was worried (And you might be too) Scenario: lets say you get a $2 dividend but you're charge min $2.50, do they just charge $2 or do you get charged additional $0.50? Turns out they only charge $2 and absorb the additional costs. On the bright side, max charge of $25 for dividends though! I called them and asked, their hotline is 6557 2853 if you wanna double check. If you found this helpful, please show some love to my personal finance channel as dividend for lending you a hand ;) Stay safe! https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1
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Investments

Robo-Advisors

Regular Shares Savings Plans (RSS/RSP)

FIRE Movement

ETF

Unit Trust

ETF vs Unit Trust. Which is a better option for beginner investor?
Hey! thanks for asking, it's a layered question that needs a lot more context. So I'll try my best to help. Short answer (Affiliate link to amazon) I read this dummies guide book that covers ETF & Unit Trust(Also known as mutual funds) https://amzn.to/38cc89H, as well as lot of personal finance guides and generally the consensus is that ETFs are much better much generally, the fees are significantly cheaper, like 1-2% per annum versus 0.3% or less for ETFs. ETFs also has a much better liquidity because it's traded publicly on the stock market unlike unit trusts. However, ever unit trust and ETFs are different so you really need to dig deep to understand it like what CH as said, but like i said above, GENERALLY, etfs are cheaper, tit for tat. If you're interested to start learning how to passively invest, you can borrow the book from any lib(it's a quick read actually, like within 3-5 hours can finish I recall) or support my amazon link. Or go and Youtube 'Index investing millionaires' and you'll learn how to invest in index funds etfs or mutual funds. P.S If you found this helpful, please show some love cause my livelihood depends on it ;) In the meantime, stay safe during covid! https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1
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FIRE Movement

Property

Investments

Anyone has experience investing in commercial properties? What was it like? What's the thing to look out for?
Hey Vin, noticed you're a Youtuber like myself! Love Graham and MeetKevin's videos hahaha. I wished I could give you an answer but tbh I don't personally know. I tried digging into a lot of real estate investing books in SG but the information is very thin. My fierce aunt is a real estate investor that has flipped commercial properties (She just sold her warehouse during this CB period, she was asking me to buy it lol!) and she can probably help you out if you're keen in buying cough cough stuff from her.
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Lifestyle

Expenses

Undergraduate

How much do you spend during your poly & Uni years?
Hey! I just graduated from Uni and your expenses seem normal so don't have to be too stressed about it! Everybody's situation is different after all so no point comparing. I too spent about $600 in Uni and like 50% is dating related (happily getting married now) so no regrets that. I like your frugal attitude and I made a video on why it's SO Important! https://youtu.be/kKDcGpAzwr8 I'm planning to start a playlist on how to keep expenses low so do subscribe and check it out! (Gonna be covering mindset, tips and techniques, tracking expenses & budgeting plans How to reduce it Lemme try and remember my numbers hahaha Food - Breakfast homemade overnight oatmeal + milk. $1. My method is price shopping and loyalty I ALWAYS eat the same cai fan store, 2 veg1 meat $4+ (4 years in SMU i've never tried the mala), smile and build good rapport and you'll get lots of benefits, especially during the late night study sess, aka free food, extra big portions etc. dinner at home free, or nearby caifan, $2.70 Transportation - during sch term, monthly plan, cheapest. $110 House - parents (Free) Plan, househack flat when i buy it to rent out unused room to reduce rent. Phone plan - $20ish Dining out with friends/partner, $100+ (I'm quite cheap and my friends really understand sometimes when I hangout and don't eat and just drink my own bottled water cause I broke. :D Gifts for frens, fam and partner(SO EXPENSIVE) $200+/month but I love them, and it makes them and me happy so it makes sense for me. Unexpected expenses $100+$200/mth laptop spoilt, phone screen spoil, yearly trip etc etc and it really adds up... Total, about $600. But I also worked every weekend as a badminton coach though! I would advise learning how to invest passively like through index investing, and learn how to invest better. And hustle hard to earn more money! If you found this helpful, please show some love cause my livelihood depends on it ;) JK! have fun and stay safe Alcander. https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?sub_confirmation=1
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Investments

Robo-Advisors

Undergraduate

Personal Finance Books

Investment Courses

How should I go about learning how to invest as an undergraduate?
Gerald Ong
Gerald Ong
Level 3. Wonderkid
Updated 2w ago
Dude, I can coach you if you promise to let me publish it on my YouTube channel here. (PM me in Instagram and I'll lend u a hand) https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1 I need to make content anyways so might as well help you while I'm at it. I'm from SMU btw haha! Hold off the robo-advisor investing first. You might get tempted. The last thing you want is to lose tens of thousands of money you spent every weekend working for the past two years, aka me. I've been investing for about half a decade, read a TON of books on investing (initially I wanted to be a securities analyst that's why!) And had small wins of my own like https://www.youtube.com/watch?v=l2EuKbpJdr0&t=307s It depends on whether you're a nerd like me or not haha! Not a nerd Start with investing for dummies. I think it provides a GREAT idea of the TRAPS because losing 2k when you only have 2k, is much more painful than the joy of earning an extra 2k, trust me the risk isn't worth it. Nerd that wants to win in investing I'd recommend learning from the best investor, which is Warren Buffett, but he doesn't teach in depth, but refers to his mentor Benjamin Graham, that wrote a masters level textbook that is still relevant today! Intelligent Investor, then Securities Analysis (Read the newer version, older version is written in an old english and is SUPER dry). I can lend you the books if you need, or just borrow from the lib haha. If you don't want to read and want to passively invest, then invest in US S&P500 index fund monthly! Index investing has been proven to be one of THE best investing techniques, and usually, active investing calls for at least 5% premium to be worth the time (I recall Ben Graham said that somewhere!) and you gotta ask yourself, the extra 5% of your own money worth it or not? If not, go work and earn more money and save like buffet when he was young, and like me right now. P.S If this is helpful, please show some love cause my livelihood depends on it ;) https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?subconfirmation=1
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Online Brokerages

Stocks Discussion

Investments

How and where can I open an account to track and trade US stocks?
Gerald Ong
Gerald Ong
Level 3. Wonderkid
Answered 2w ago
Lots of places! Let me just tell you my go-to cheapest broker TDAdmiratrade (used to be called Thinkorswim) They're the cheapest for me because I signed up through an investing school under Reshveen (ValueInvesting College) so my comms are like $5 per trade under the old system. But you probably can't get that deal anymore I believe, so you gotta find the cheapest deal in terms of trading fees, dividend fees, and holding fees.(Yes, some brokers charge you for holding your stocks and not trading!) Fair warning though. Local banks are super expensive. Here are my Picks. FSMOne - like their passive ETFs monthly purchase, BEST deal as of june 2020. - trading stocks, not so fantastic. TDAdmiratrade Singapore - $10 comms until a certain size, good for smaller trades. No fees for dividends too!) Standard chartered - low comms too! But downside is that it's a custodian account even for local stocks, and they charge fees for dividends overseas (Similar to a lot of local banks) They've options that you can use to trade. Super comprehensive charting tools. Bear in The rest you can go search online, like from Seedly. (Saxo, poems, DBS, OCBC, UOB and the list goes on.... P.S I run a personal finance YouTube channel, and if you found this useful, please show me some love at https://www.youtube.com/channel/UCRJTXOvcpLIo4rh7jBrlOMA?sub_confirmation=1
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Level 3. Wonderkid
38PointsGoal 40
2 POINTS TO LEVEL UP
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