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Heng Kai Le

Likes reading and writing, so this Seedly forum is right up my alley

Heng Kai Le

Mondomover at School Of Life

About

Likes reading and writing, so this Seedly forum is right up my alley

Credentials

Mondomover at School Of Life

Heng Kai Le

Mondomover at School Of Life

  • Answers (145)
  • Questions (7)
  • Reviews (3)

Investments

Robo-Advisors

Stocks Discussion

Online Brokerages

Should I invest $1000 at once or $100 for 10 months?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 2d ago
Dr Wealth gives a thorough explanation of when it's better to use lump sum investing and when it's better to use DCA. Check this out: https://www.youtube.com/watch?v=m5Ez7jTGRw
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Investments

Passive Income

Robo-Advisors

ETF

Online Brokerages

Unit Trust

For someone who doesnā€™t have time to manage investments due to work, what are the ways to invest passively without having to monitor?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 2d ago
I actually think that topping up to your Full Retirement Sum in your SA account is a worthwhile goal to strive towards. Here's a video about the founder of 1M65 movement, Mr Loo, explaining how he achieved his first million by topping up his CPF SA to FRS and then letting compound interest do the work: https://www.youtube.com/watch?v=9aHnuNR14Vg
šŸ‘ 1

SeedlyTV S2E07

Endowment Policies

Fixed Deposits

Savings

Savings Accounts

What is the lowest Fixed Deposit or Endowment Plan in SG for a single person?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 3d ago
I have a 3-month fixed deposit with ICBC Bank of China that offers 1.3% per annum. Think now the rate is 1.2%, which isnā€™t too shabby. I started out from $500.
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Personal Finance 101

Parenting

Investments

Savings Accounts

Savings

Robo-Advisors

Family

Hello parents! Out of curiosity, what would you do with your kid's (few months old) money, such as money from their baby showers and angbaos?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 3d ago
Top up his Child Development Account, for if I top up $3k, I get dollar-for-dollar matching contribution (another $3k) from the government
šŸ‘ 0

SeedlyTV S2E07

Giveaways

[GIVEAWAY] What are your favorite ways to save or multiply your savings and why?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 3d ago
Well, this circuit breaker, I came up with the habit of topping up my CPF SA account whenever I received petty cash from apps like Socash ( https://diaperfinancingfund.blogspot.com/2020/05/socash-get-cashbacks-from-digital-atms.html ) or Partipost or Milieu. Yes, I put myself through the hassle of contributing $15-20 to my SA account. It gives me a cheap thrill, knowing that I am doing something, albeit small, to help my retirement plan every now and then lor...
šŸ‘ 0

Tuas Power

Promo Codes

Electricity Retailers

Anyone has promotional/referral codes for Tuas Power?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 5d ago
Guys, remember to win a Seedly Review for Tuas Power before 30 June 2020 for the chance to win $30 vouchers. My referral code can be found in this blog post.
šŸ‘ 0

Lifestyle

COVID-19

Career

During this COVID-19 period, many industries are being heavily affected. Which is one industry would you want to focus on helping and why this particular group?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 5d ago
Theatre companies. They are showing us their recordings of past hits for free, despite being impacted severely by this pandemic. it's good to watch these plays and laugh and forget our worries for a bit.
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Savings

How to save money effectively?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 6d ago
Have you heard of Socash, an app that allows you to use minimarts as digital ATMs? I use it sometimes and get pleasantly surprised by its cashbacks. I withdrew $30 the other day and earned $5 for my next withdrawal! Here's my blog post if you wish to find out more.
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Lifestyle

Education

Any good data analytics related courses to recommend for using SkillsFuture credits?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 6d ago
SMU offers a Master of Science in Accounting (Data & Analytics) https://accountancy.smu.edu.sg/master-accounting You can use SkillsFuture Credit and Study Awards for this course: https://accountancy.smu.edu.sg/master-accounting/admissions/financial-assistance
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SeedlyTV S2E01

I just resigned my full-time job to go study User Experience in GA--this was before COVID. Did i just make the wrong move?
Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered 1w ago
Hi there, I literally just finished a usability testing via Zoom with SG Research Network ( https://www.facebook.com/SGResearchNetwork ). It holds such testing gigs pretty regularly. I think User Experience is still a booming trend, regardless of the pandemic as business competition gets more heated up and enterprises recognize the need to design products that are tailored to their consumers' needs Times are tough, but I'm sure you will find your way. Here's a video to psych you up: https://generalassemb.ly/blog/what-makes-for-great-product-design/?utmmedium=email&utmsource=cwe-followup&utmcampaign=cwe-followup-design-what-makes-great-product-design-video&utmcontent=marketing
šŸ‘ 1
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