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Geraldo L.

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Geraldo L.

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Geraldo L.

  • Answers (386)
  • Questions (7)
  • Reviews (12)

Investments

8 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
Possible but I believe there's always a story behind how they got there. I would take it with a pinch of salt to inspire me in my investment journey but everyone's circumstances are different so do your best and enjoy the journey :)
👍 0

Savings

Investments

6 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
Rich by Retirement: How Singaporeans Can Invest Smart and Retire Wealthy by Joshua Giersch. Practical and easy to follow strategy that should work well for the average investor.
👍 0

Citibank

Credit Cards

4 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
The viable option is to setup an interbank GIRO using other bank accounts. Depending on the bank you are using, you should be able to do it via iBanking or directly at the branch.
👍 0

ETF

3 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
At this moment, there's no easy way to automatically purchase IWDA every month through a brokerage account. Most investors are doing it manually through low-cost platforms like SCB Online Trading, Interactive Brokers, SAXO, etc.
👍 0

CPF

Retirement

2 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
If you turn 55 between 1 Jan 2013 to 31 Dec 2015, CPF Life is determined by either (1) setting aside $40k in your retirement account at age 55 or (2) $60k in your retirement account when you reach payout eligibility age. For those turning 55 on or after 1 Jan 2016, BRS is set aside when you reach the age of 55.
👍 0

General

13 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
I would head to a nearby restaurant for a good dinner and a cold beer, meeting friends/family to take my mind off work. Or I would head home for a simple dinner and an early night's sleep.
👍 0

Investments

Stocks Discussion

COVID-19

13 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
I feel that it could possibly last 6 months to 1 year, looking at the spread on the countries globally. It will probably start to stabalize towards the end of the year or early next year and hopefully the economy go back to normal once the virus dies down.
👍 0

Savings

Standard Chartered

Savings Accounts

9 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
No catch at all. In fact, if you will continue to enjoy the prevailing interest rate (2% on first $20k, 0.1% above $20k) when you hit the age of 27 provided that you have created the account beforehand.
👍 0

Investments

3 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
Nikko AM SGD Investment Grade Corporate Bond ETF (MBH) is sensible for diversification. The yield is decent and it gives you access to bonds belonging to some of the good companies which retail investors might not have access to. At an average credit rating of AA, I believe it's a good investment product to consider.
👍 0

Fresh Graduates

CIMB

Savings

Investments

General

Savings Accounts

9 answers
Geraldo L.
Geraldo L.
Level 7. Grand Master
Answered 4w ago
Yes it's possible, but do some simple calculations on your end. How much are you able to save in a month/year, take an annual growth of 5-6% (pretty safe gauge if you were to invest in a well-diversified portfolio) and see how long you will take to reach 100k.
👍 0
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Level 7. Grand Master
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