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Hao Yu

Believes that a little help goes a long way.

Hao Yu

Advisory Specialist at MoneyOwl

15Upvotes

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Believes that a little help goes a long way.

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Advisory Specialist at MoneyOwl

Hao Yu

Advisory Specialist at MoneyOwl

15Upvotes
  • Answers (8)
  • Questions (0)
  • Reviews (0)

MoneyOwl

Robo-Advisors

Investments

Hao Yu
Hao Yu, Advisory Specialist at MoneyOwl
Level 3. Wonderkid
Updated on 07 Jun 2019
Dear anonymous, thank you for your suggestions. On your request to show percentage return of your portfolio instead of just showing the dollar amount gained or lost, we are pleased to let you know that we are currently working on it and you will soon be able to see it. On the projected estimate graph, you will remember that just before you open your account to invest your money, we showed a graph that gave the best, median and worst return that can be achieved by your portfolio 75% of the time over your investment period. However, on a short term basis, market sentiments may make your portfolio behave in a way that is different from the long term returns projection. This can sometimes cause panic or over exuberance and influence investor behaviour, something we at MoneyOwl discourage. This was why we hesitated showing this number. But we hear you and we will look at how best we can track your portfolio current performance versus its long-term projection. But If you have any concerns and wish to discuss your current portfolio, you know you can contact us at [email protected] Thank you once again for your suggestions.

PFF Panel 3

Investments

Seedly PFF 2019

Hao Yu
Hao Yu, Advisory Specialist at MoneyOwl
Level 3. Wonderkid
Updated on 07 Jun 2019
All the answers provided are key reasons that contribute to the lower performance of Index ETF to the Index it’s tracking. Another reason is because the measurement of performance of Index ETF and Index is by time-weighted return. This form of measurement does not take into account the effect of reinvestment of dividends. Thus, when coupled with the effects of fees etc, Index etf underperform. However, in reality, you maybe performing better than Index because you are holding more units of the Index etf and this compounds your returns over time. For example: (exclude fee) index started at $1 Index returns 10% + 2% dividend index ends at $1.10 Index ETF started at $1 - you invest $100, 100 units Index ETF returns 10% + 2% dividend index etf price $1.10 your holdings = $112.20 $1.10 at 102.2 units. You will notice that both Index and Index etf will have annual return of 10% which is the figure that they will report. However notice that as an individual, you’re better off with the extra 2.2 units and your return is actually 12.2%. This is just a simple illustration and in reality it is not so clear cut with all the fees involved. Therefore, when investing always track your own investment using money weighted return (XIRR) and not rely on the fundhouses return.

Fresh Graduates

Savings

Family

General

Hao Yu
Hao Yu
Level 3. Wonderkid
Updated on 07 Jun 2019
I have not been there and done that but I am in the same position as you. Apart from the hard financial stuffs like setting goals, having a plan and managing cash flow, I feel that the soft aspect of financials is also very important. One aspect is the mindset that both of you have towards money. Money should be an enabler to achieve the life that you want to live (a means to an end) and not the end goal. so it is important to be aligned on this so that there will be minimal conflict when deciding how to spend money on the household. Another aspect is the type of your lifestyle (often link to money) that both of you expect in the future as a couple. It is important to talk about this matter because it sets the right expectation for both parties and the commitment towards the future. Having talks on this 2 aspects can be done anytime and doesn’t have to be planned out haha like on a normal day nuaing around. It will be fun and exciting to talk about the future :) hope my perspective helps!

Investments

Stocks

Securities

Equities

Bull Market

Hao Yu
Hao Yu, Advisory Specialist at MoneyOwl
Level 3. Wonderkid
Answered on 09 May 2019
Normally when you purchase a share, you would have done certain valuations to determine your target price/take profit price. Be discipline and stick to your plan. (Siimilar to the previous 2 answes by Gabriel and Billy, it’s about sticking to your game plan.) If you do not have a game plan, that is when you have this issue of whether to sell when prices are high.

STI ETF

ETF

AMA Christopher Tan

Investments

Hao Yu
Hao Yu
Level 3. Wonderkid
Answered on 24 Jan 2019
! Based on a personal research I did in 2017 using ES3 STI ETF returns from (10/01/2008 till 5/04/2017), the historical net annualized return for a person who did DCA across 10 years period is approximately 5+%. This is based on the following assumption: Transaction fee - 1% 87 set of data - based on 87 different start dates. I used daily share price to compute the returns. Historically, STI ETF DCA can return 5-6% net return after fees. (Note: Historical performance does not equal future performance.) However, to ensure that you can enjoy this type of return over the long run, the key is to stay in the market. Across the 10 years period that I analyzed, the volatility across a 1 year period for DCA is approximately +/- 25%. Without proper understanding and planning of the investment, an investor may panic and exit the market prematurely when there is a market downturn. Therefore, it important for you to also understand the underlying risk and your financial situation to withstand the volatility you may face. The key risk here is not the losses you can potentially suffer but you exiting the investment early due to your emotions.
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Bank Account

Investments

General

Hao Yu
Hao Yu
Level 3. Wonderkid
Answered on 20 Sep 2018
My recommendation would be to speak to a Private Banker. The tools that they can provide you as a high net worth client are as followed: 1) A trust to manage your money for you. The advantage of this is that you can set conditions for the trust you set up and have a team of professional manage your money for you. For your case, some conditions can be Capital Preservation which is the preservation of purchasing power since you are not looking for returns. Allocation of a monthly income to you and any of your family members in the future for living expenses. Another advantage is that your money in the trust will be protected against creditors In the event of bankruptcy. However, putting money in the trust effectively means ceding control of your money even though its yours. So be sure to consider the allocation of your wealth in this vehicle. 2. As mentioned in another comment, private placement program. Bonds are often issued In private placement, this give you access to bonds that retail investor has no access to! If you hold a high rated bond with coupon of 3% till maturity, your yield to maturity will be 3% and not affected by interest rate fluctuations. Unlike most of us who invest in bond funds, we have no say when the fund managers sells or buys new bonds, exposing us to interest rate risk. 3. There are many more complex financial instruments such as Accumulators, Currency Exchange Options... but I wouldnt think its suitable for you to go there because these products are complex and risky. There is definitely a lot of option for you to DIY (as you can see in suggestions given by the other comments) but this takes up time and effort to track. Being a doctor, you may not have the time to do it. In addition, given the size of your wealth, the instruments that you have access for DIY is quite limited. Thus, it will be better to find a professional wealth manager or private banker to help you out. Look around and take time to figure out whos the best to help you out! :)

AMA SG Young Investment

Investments

Hao Yu
Hao Yu
Level 3. Wonderkid
Answered on 08 Sep 2018
Just to set the stage right, I am assuming you are talking about equities only. For all equities, they generally have both capital gains and dividends Total Returns = Capital Gains + Dividend Yield To decide which type of investments to go for, you need to consider what’s the purpose of investing this sum of money? If its to help you build a passive income stream to sustain a certain kind of lifestyle in the near future, I would say income-driven investments where most of your returns are coming from dividend. If you have no need for the passive income so early in your life, capital gains is what I will suggest. The reason is because if you have no use for the passive income, you will either be spending it unneccesarily or reinvesting. Reinvestment will lead to risk such as inavility to generate the same type of returns had you went for a growth driven strategy, lack of discipline to reinvest etc. Other considerations in determining your investment strategy: 2. How long is your investment period? This is in relation to your answer to the first question. In general, the longer your investment period, the more risk you can take because you will have more to recover in the event of a market decline. 3. How willing are you to take risk? This depends on your reaction towards market volatility. If you’re those that cannot sleep when market is volatile, go for a safer asset class like Singapore savings bonds. If you’re a super aggressive investor, you can go for risky asset class. Last but not least, if you notice, most of my points are about risk and not returns. This is because investment should have a hevat emphasis about managing your risk to get the risk adjusted return you need. Returns will come with due diligence in managing your risks properly. You can simply get super high returns by taking a lot of excessive risk. (but is it worth losing all your money?) There are many other considerations but those are discussion for another day haha hope this helps :)

DBS Multiplier

DBS

Savings

Bank Account

Credit Card

Hao Yu
Hao Yu
Level 3. Wonderkid
Answered on 04 Sep 2018
Nope. DBS will only recognize transaction with under the category “Salary”. A stipend from a scholarship will not be classified under “Salary”. In addition, some stipends maybe credited at a semi-annual basis instead of monthly basis. :) as for credit card, it should be no issue if u can hit the min salary!
Level 3. Wonderkid
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