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Gordon Lim

investing with nsf pay

Gordon Lim

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investing with nsf pay

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Gordon Lim

  • Answers (28)
  • Questions (1)
  • Reviews (5)

Savings

Savings Accounts

Singlife Insurance

Promo Codes

Does Singlife have any referral code or fees?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2h ago
Latest app update changed our referral codes. My one here is latest. Use my link to sign up https://app.singlife.com/tjNrgMYaK8 and get $10 once you activate the Singlife Visa debit card for free.
👍 4

Investments

What does a "bubble" in the stock market mean?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 1w ago
It is when demand drives up the stock price even though the value of the stock itself isn’t... largely due to false perceptions of value. And eventually the bubble pops, and the price crashes. Example will be 2008 subprime market crash in US. There was a housing bubble. Many felt that housing was a very safe investment hence there was a lot of demand which drove up prices even though there were many risky loans to subprime loaners i.e bad investments
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Personal Finance 101

Investments

Hi there, How do I even begin my journey with investing in US stocks? Thanks?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2w ago
Step 1 should be knowing what US stocks you want to invest in. Do research to build a portfolio that suits your time horizon and objectives. If you want a more passive approach, then look towards ETFs (think of it like a preset basket of stocks) that invests in US stocks eg. a S&P500 index fund like Vanguard S&P500 etf that invests in the top 500 companies in US. Then figure out if you want to do a lump sum or dollar cost averaging. From there you find a brokerage that sells the stuff you want and has a regular savings plan feature if you are looking to dollar cost average. For example if you want to dollar cost average into Vanguard S&P500 ETF you can do so with FSMOne which offers RSP. If there’s no RSP and you just buy every month as per normal, the high transaction fees will surely eat into your returns. For example with FSMOne, without RSP buy order costs 0.08%/10Sgd (for singapore etfs) and with RSP 0.08%/1Sgd.
👍 1

COVID-19

Investments

Passive Income

Undergraduate

Hi!! am just an undergraduate trying to find ways to earn more income while still having online classes :) any suggestions?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 2w ago
Hi. I just answered a similar question recently. I hope you find it useful! http://seedly.sg/questions/20-000-savings-at-the-age-of-20-am-i-on-track-currently-studying-university-no-income-any-ways-to-earn-more-money-while-staying-at-home?aid=49972&utmsource=app&utmsource=answershare&utmmedium=internal
👍 0

Investments

Savings Accounts

ETF

What is the best invesment portfolio as an NSF that will go into university next year?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2w ago
Hi. Will you be paying for your own tuition? If yes, you’ll have to side aside those funds accordingly. As you’ll need the funds in the short term, you definitely should not take that monies to invest. Else if your tuition and university living expenses is settled, and you have remaining funds to invest then you should look into investing into a portfolio with more equities as you are still young and have the time horizon to ride out market lows. If you are not a very financially savvy and don’t know how to pick your own stocks, then ETFs is a good idea. You can also consider roboadvisors like Stashaway or Syfe. For example, you may pick a brokerage like FSMOne and dollar cost average into Vanguard S&P500 ETF which is an etf which tracks the S&P500 index hence sometimes referred to as an index fund. Personally Im also NSF and investing in STI ETF using POSB Invest Saver because they had a promotion on sales charge a while back as well as Syfe REIT+ because they pay dividends quarterly. But once the promotion for POSB Invest Saver end, Im thinking of investing into Equity100 with Syfe with a 20-30 year horizon.
👍 0

Syfe

Investments

Robo-Advisors

Online Brokerages

Which Syfe portfolio to choose and invest?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 2w ago
I think the portfolios have very obvious different objectives leh. What’s your time horizon? If you can go beyond 10 years. Look at their equity100 portfolio. Anything below, perhaps look at their GlobalARI which allows you to set your downside risk and change up your composition of bonds and equities. If you want dividend investing: Getting dividends quarterly with some capital appreciation, you can look at the REIT+ portfolio. I feel this one should be minimum 5 years. Though longer of course is better. And just to set expectations: if you are looking for bigger returns then be prepared to take bigger risks. This also entails more volatility which you must be able to stomach and not sell out early.
👍 2

Savings

Undergraduate

Passive Income

$20,000 savings at the age of 20. Am I on track? Currently studying university, no income. Any ways to earn more money while staying at home?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2w ago
Assuming your tuition and accommodation is settled, you can consider making some investments and earn dividend money. You can freelance on Fiverr. Perhaps you can even apply what you’re learning in University while you’re at it. More common gigs on Fiverr are design-related. So if you know Adobe, I think there’s definitely money to be made. You can also start a blog on Medium. You can write about your University life or what you’re learning in University. Then you can revise your work and earn at the same time. Quickly, you can look at Syfe REIT+ for dividend investing. Fiverr pays through PayPal. And Medium pays through Stripe. Also if you haven’t, park your money in high interest savings account like Singlife 2.5% for first 10k or Standard Chartered Jumpstart 1% (used to be 2% pre-COVID) for first 20k. Cheers.
👍 2

Investments

Stocks Discussion

Robo-Advisors

How do I manage high transactional cost when investing in a roboadvisor?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 2w ago
If it has to be this roboadvisor, then you’ll just have to accept their pricing. With such high transactional costs, I doubt this roboadvisor “supports” dollar cost averaging for sums below $6000. Are there really aren’t any other roboadvisors offering a similar portfolio? Perhaps you could share the roboadvisor/portfolio and the community can advise you on cheaper alternatives.
👍 0

Investments

Stocks Discussion

Online Brokerages

STI ETF

ETF

S&P 500 Index

FSMOne Fundsupermart

Syfe

REITs

How to do DCA monthly when buying multiple ETFs?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 2w ago
You should be able to set up an RSP with FSMOne and invests into China A shares, India and S&P500. For the S&P500, will be 0.08%/1USD whichever higher for buying (instead of sgd). Why would you get a S-REIT ETF if you also are going to have Syfe REIT+ which tracks 20 S-REITs. They will overlap. If you are ultimately looking for global diversification, you can consider having a second portfolio with Syfe: Equity100. It has about 14% in S&P500 (last I checked) and should have China and India too. Then since you’ll be investing more with Syfe, you can cross the 20k mark earlier and pay less fees also.
👍 0

Investments

Robo-Advisors

ETF

Online Brokerages

Is my profile overlapping? Should I swap to another ETF so I won’t be paying fees to hold overlapping profiles?
Gordon Lim
Gordon Lim
Level 5. Genius
Updated 2w ago
Yes... I don’t invest with Stashaway but to my understanding changing your downside risk changes the composition of what you’re investing in and not what you’re investing in. Case in point, a higher downside risk portfolio means the portfolio has more higher risk ETFs (as deemed by Stashaway) while the one with lower downside risk has less. While Stashaway doesn’t have VOO, it has ETFs tracking S&P500 as well but by a different fund manager iShares (as opposed to Vanguard). But this is not necessarily a bad thing and depends on your strategy.
👍 0
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