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Gibson Junxun

Eternal competition with my money to see who works the hardest in generating money. Budding value investor. Portfolio link below

Gibson Junxun

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Eternal competition with my money to see who works the hardest in generating money. Budding value investor. Portfolio link below

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Gibson Junxun

  • Answers (18)
  • Questions (1)
  • Reviews (0)

Savings

POSB

OCBC FRANK Credit Card

Savings Accounts

Hello! I just started work and have 0 savings, where do I start?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 28 Sep 2019
Welcome to adulting, to answer your questions regarding your cards, I feel that if there is no use for it, its better you consolidate your savings account so that you won't have to manage so many accounts. 1 savings account to enjoy the interest when you credit your salary and another account for your expense is enough. Now start off with choosing a high savings account is definitely the easiest way to take the first step out towards managing your money. Subsequently, you can start thinking about paying off high interest debts like student loans or any other loans that will eat into your savings. Next, ensure you’re sufficiently covered in your insurance so that you can safeguard your savings from any unexpected events. Lastly, make your savings work harder for you by learning how to invest in the many assets class to start growing your money and you’re on your way. The analogy of comparing your bank account to a water tub is one of the easiest ways to understand how to manage your money. Start by opening the water tap, make sure to find a tub, plug out all the leaking holes and you’re well on your way.
👍 1

Investments

Savings

What’s considered a good return on investment?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 28 Sep 2019
I think your risk appetite will play a big part if you’re looking more towards the double digits and onwards ROI. But I feel generally with enough common sense and homework done, a figure of 10% ROI is definitely possible. Of course, any percentage of ROI must be above the inflation rate to make it worthwhile, also have to consider what is your end goal in investing, be it wealth accumulation or wealth preservation.
👍 0

Investments

Passive vs Active investing ? Which is better for long term investing ?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Updated on 27 Jul 2019
The first thing to consider would be whether you’re managing your own investments portfolio or you‘re letting others manage your funds. There are funds managers that does either passive or active investment management. However if you’re managing you’re our own investments, an important thing to note would be the amount of time you can set aside to actively manage your investments, if time doesn’t permits, an passively managed investment portfolio can also do equally well as compared to an actively managed portfolio. Active funds managements from fund managers tends to come with high costs which would eat up your investments returns as actively managed investments would tend to shift funds more actively in pursue of better returns. the main advantage active funds manager possess would be the resources available for them to make presumably sounder investment decisions on your behalf. My personal take given I have similar time horizon as you would be to be more hands on with my investments followed by a more passive investment strategy when life other commitments start catching up whereby time would have to be spent elsewhere. Wishing you a wonderful investment journey ahead.
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Bonds

Singapore Saving Bonds (SSB)

Investments

Should I invest in SSBs? Their returns seem so low?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Updated on 07 Jun 2019
It’ll depend on what is your end goal to your investments, if you’re looking at hedgling against inflation, then SSBs is probably one of the best ways to hedge against inflation. However do note that bonds in general is like lending people money for a period of time and you get compensated with regular interest rate. It’s is not something that will grow over time like businesses or REITS or ETFs. It’s like a coupon that allows you to claim your money back after a period of time. if you’re looking to grow your money, then setting aside a small portion of your money into bonds so that you have your back covered then you can proceed to grow your money with the other investment instruments out there. Wishing you a wonderful investing journey ahead!
👍 2

Investments

Bonds

Securities

Stocks Discussion

Do you prefer bonds or stocks?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 11 May 2019
Personal preference, I’ll go for stocks for its dynamism in the market. Bonds in general are more towards wealth preservation. At the start of the transaction, you‘ll know what would be the end value of your investments but your money will be stucked throughout the duration of the bond. A lot of opportunities and events can happen from the time you transact to the end of your bond period. Stocks, on the other hand, would require slightly more effort in monitoring and nurturing your portfolio.but in return you get more flexibility with your money and potentially higher returns over time as the money you invested in it is used as the same purpose as to how your money would be used if let says the company issues a bond. Cheers to a wonderful investing journey ahead!
👍 0

Investments

Regular Shares Savings Plans (RSS)

Stocks Discussion

Should I invest in stocks every month?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 11 May 2019
I think you have to take into account a few factors,mainly like what Adrian has mentioned, the amount you’re setting aside every month And the costs that comes with every trade. A few other factors to consider as well could be the price you’re paying for the stocks, sometimes if you consistently purchase a particular stock at a rising price, you’re averaging up your holdings in it and if all’s good then its still ok bit if you were to miscalculate, you might be in for a surprise. Vice versa for a stock at a falling price. Investing on a monthly basis is still possible if you have a watchlist of stocks and if one of the stocks happens to hit the target price you’re comfortable in paying and by all means. This way you’ll be able to work your money more productively. Cheers to a wonderful investing journey ahead!
👍 0

Investments

Singapore Saving Bonds (SSB)

Savings

SeedlyTV S2E07

Constantly hearing that SSB is a very safe investment, what are some of the risks of investing in SSB?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 01 Apr 2019
It’s indeed very safe but the 2 main risks to it are 1. If somehow our government / MAS collapses. 2. Opportunity Cost, it takes a month to withdraw whatever money you put into. If a good opportunity comes by and your money is tied in it. you might lose a good opportunity to gain a better investment.
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Investments

Currently 25, thinking of starting to invest. Would it be better to invest in Singapore or overseas investments?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 01 Apr 2019
I would think starting in Singapore would be the safer option given the close proximity you have with your investment, its very important at the start to know what you’re putting your money into and starting in our local market can give you the experience needed to venture into other overseas market in the future. Even though our market may be small, we still have our fair share of investments instruments that you can venture into such as equities to REITS to ETFs and bonds. Wishing you a wonderful investing journey ahead!
👍 1

Securities

Savings

Investments

May I know how do I make my first investments, any step by step guides I can have to ensure I’m on the right track. Cheers?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 31 Mar 2019
You’ll have to understand and know which type of investments you’re looking into, there are tons of investments in the market ranging from stocks, bonds, properties, gold, luxury watches, art pieces, commodities and many more. if you’re looking more towards the common method of investing into stocks, bonds and ETFs, ensuring you’re on the right track will also include the choice of brokerage firms to open your account with, opening your CDP account etc. All these information is widely available on the internet today. After all the administrative stuffs is settled, you’re on your way to make your first investment. One important thing to note, don’t just jump into investments just because it seems that everyone is jumping into it. You’ll have to know what you‘re investing into to avoid losing your hard-earned money. All the best in your investing journey ahead!
👍 1

Investments

Any recommendation for mobile app to track stock prices?
Gibson Junxun
Gibson Junxun
Level 4. Prodigy
Answered on 24 Mar 2019
Yahoo Finance
👍 0
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Level 4. Prodigy
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