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Good Day Every Day

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Good Day Every Day

School Of Hard Knocks And Life at School Of Hard Knocks And Life

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School Of Hard Knocks And Life at School Of Hard Knocks And Life

Good Day Every Day

School Of Hard Knocks And Life at School Of Hard Knocks And Life

101Upvotes
  • Answers (331)
  • Questions (6)
  • Reviews (2)

Resale HDB

Property

CPF

AMA 1M65

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 5d ago
Yes, it is a good idea. The interest of your fixed deposit is lower than the interest of your CPF OA. Hence it makes sense to use cash instead of CPF OA to repay your hdb loan.

Investments

Savings

Asset = liability + equity I am merely using a very simple way to explain. From the perspective of the company, liabilities are money the company owed to creditors whereas equities are money owed to shareholders. Assets are what the company bought using the money from creditors and shareholders. That is why assets = liabilities + equities. Hope it helps in your understanding.

General

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 2w ago
With the current trade war, China 's economy is really in a bad shape, as reflected in its recent PMI. Business's sentiments and consumer's confidence are falling. With its currency at risk of breaching 7 and more susceptible to international capital flights, China' companies also face mounting debt pressure, especially those with lots of US debts. It would not be surprising that a lot of companies were to close down if the trade war drags on. Perhaps, that is the demonstration of the survival of the fittest. However, China is prepared to fight US for the long term. According to the Chinese press,“对于美方发起的贸易战,中国早就表明态度:不愿打,但也不怕打,必要时不得不打。面对美国的软硬两手,中国也早已给出答案:谈,大门敞开;打,奉陪到底。 The slogan “Want to talk? Let’s talk. Want to fight? Let’s do it. Want to bully us? Dream on!” has also been going viral on Chinese social media. Personally, I am not optimistic that both countries could resolve their differences in the near term. This trade war, is going to escalate into technology war and finally currency war. The country that controls technology is going to reign supremacy. With so many things at stake, it is going to be another cold war. With China and Russia now collaborating to fight against US economically, it is even obvious that it is a long term fight. Benefits or losses, I am not sure yet. What I am sure is that Singapore cannot afford to take sides. Singapore should stay nimble and make the best out of the situation. This is just my humble opinion.

Savings

General

Good Day Every Day
Good Day Every Day,
Level 6. Master
Answered 3w ago
One do not measure himself or herself by how much he earns, spends or saves. I am not saying that money is not important. I am merely saying that there are many things in life more important than how much money you have. How healthy and happy you are physically, socially and mentally is more meaningful than how much money you have.

Personal Finance 101 (LLI)

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
Whether it is a ponzi scheme, to me, it is not important. What is crucial is you need to know what they are doing with your money. The insurance companies are investing your money to generate higher returns so that they could pay out the money during a claim and still makes a decent profit. That is why AIG (Parent company of AIA) runs into financial trouble and needs to be bailed out during the 2008 financial crisis. Just my humble opinion.

Savings

Retirement

AMA 1M65

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
We should do a CPF nomination now so that our money would go to only the intended people. We do not know what is going to happen in the future.

General

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also sometimes be referred to as a statement of net worth, or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity

AMA 1M65

CPF

Policies

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
Nothing is certain in investment. The political parties or climate may change. The interest rate of 2.5% for OA, 4% for MA and SA could also drop. Anything could happen and there is why you need to diversify your risk. Nonetheless, it is still better to build up your CPF because the risk is lower compared to other investment instruments. Just my humble opinion.

Career

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
Pay is one important consideration. The most important consideration I feel is your boss who could really make a hell lot of difference to your career development. Just my humble opinion.

Career

Good Day Every Day
Good Day Every Day,
Level 6. Master
Updated 3w ago
Perhaps you could take up a course in accounting to see if you really like accounting. You could consider combine your IT skills with accounting to make yourself more marketable. Just my humble opinion.
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Level 6. Master
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