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Grace Lim Yan Zhen

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Grace Lim Yan Zhen

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Grace Lim Yan Zhen

  • Answers (4)
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Investments

Stocks Discussion

Multi Currency Cards

Savings Accounts

What is the most cost efficient way to invest in US market? (Convert SGD to USD)?
Grace Lim Yan Zhen
Grace Lim Yan Zhen
Level 3. Wonderkid
Answered on 11 Nov 2019
In my opinion, Interactive Broker has one of the lowest cost. Interactive Brokers is one of the largest discount online brokers. They process more than 1,000,000 trades Monday to Friday. You can check out Interactive Broker website to know more about it :)
šŸ‘ 0

Property

HDB BTO

Lifestyle

Would it be better to sell my BTO due to 'old age' of the flat or rent it out?
Grace Lim Yan Zhen
Grace Lim Yan Zhen
Level 3. Wonderkid
Answered on 20 Oct 2019
I would recommend you to rent it out. If you rent it out, you will get cashflow. For example, based on a 4 room hdb flat, monthly rental is $2000 12 = $24000 per year. Furthermore, your house got only left 80 years. So yearly rental which is $24000 80 years = $1920000. So if you rent out for 80 years, the total rental earned would be potentially more than your capital gain. Capital Gain = Sell Price - Buy Price of your property. However, if you use this capital gain to reinvest, then I recommend you to sell your BTO due to 'old age'. After you sell your property, you will receive capital gain. You can use your money earned from capital gain, to reinvest in other financial instruments.
šŸ‘ 0

Salary

Investments

Savings

Loans

Should I clear my study loans, invest more, or work on my emergency fund from now on?
Grace Lim Yan Zhen
Grace Lim Yan Zhen
Level 3. Wonderkid
Answered on 10 Oct 2019
You are definitely on the right track. Since your loan is 0 interest rate, you can take the time to clear your loans. The 3 month of emergency fund is also the right choice. Do not need to put any emergency fund. 3 months is sufficient. What you can do is invest more. You can put more in saving plan, Varga investment and S&P index. For S&P Index, you can go search on Money course leveraging S&P index Group by Warren Buffett 2013. Hope that this will help you :)
šŸ‘ 1

Investments

Stocks Discussion

REITs

When it comes to investing, for us beginners, what are the advice would you give us?
Grace Lim Yan Zhen
Grace Lim Yan Zhen
Level 3. Wonderkid
Answered on 30 Sep 2019
First thing first is get yourself educated like learn first. For example, some people save 500 dollars want to invest money, I think that is foolish because 500 dollars even they make like 10% if they don't have the right education or the right way then they will end up wasting 500 dollars because they are eager to invest. So instead of investing, they should invest in education. Because education gives us leverage, should not immediately push the stone but build the leverage so the 500 dollars can use it in educating yourself, learn what is investing and trading about. Spend the whole 500 dollars to learn. A lot of people, once they have the money they will start to invest in REITs, trading and all these things which end up losing all the money. Instead, you should invest in yourself first. Focus on investing in yourself and get yourself leverage first.
šŸ‘ 2
Level 3. Wonderkid
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