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Jacky Yap

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Jacky Yap

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Jacky Yap

  • Answers (18)
  • Questions (3)
  • Reviews (10)

Investments

SAXO Markets

Interactive Brokers

Online Brokerages

Brokerages

I have 5k in my SAXO trading account. Is it better to transfer it to Interactive broker or stick with SAXO?
Jacky Yap
Jacky Yap
Level 5. Genius
Answered on 17 Jan 2020
I also have some funds lying around in my saxo account - i use that as the cash reserve to invest into stocks when any opportunity arise so I dont have to do any future transfers as they incur forex costs. :)
👍 0

Stocks Discussion

SG Budget Babe

What is your 2020 investment goal?
Jacky Yap
Jacky Yap
Level 5. Genius
Answered on 03 Dec 2019
For me, i'm looking at increasing my % cash in my overall portfolio. Current cash stands at around 20%, looking to keep increasing it (by saving up and not investing) until a 30% holding. Will continue to rebalance the portfolio by selling some counters when opportunities arise and only buy when the stock is too good to pass by. The increase in cash position is also in preparation for a baby fund!
👍 0

Giveaways

Property

Condominium

HDB BTO

Resale HDB

Family

Do you view your home as an Investment, somewhere to stay or both? Share your reasons and experiences!?
Jacky Yap
Jacky Yap
Level 5. Genius
Answered on 21 Oct 2019
Actually I view our home (wife and mine) as an asset to stay. I don't think it can be classified as an investment since it's not income producing. Even if we were to sell it, we would be using the proceeds to get another home to stay in. While property value might increase and the difference in the purchase and sale price can be counted as a profit, by the time you upgrade to the second property, the PSF of the new place would have increased and the profit from the first property would now be used as the downpayment for the second property. So while your "property equity value" increases, I can't really turn that equity into cash (you can but that's another topic). So I rather classify my home as just an asset under my balance sheet. For properties counted as investments, those will be maybe overseas properties being rented out, which are income-generating, and can be sold off and the proceeds can be used for other purposes (and not locked under housing equity). That's just my thoughts on how I view my current home and it's position on the balance sheet. :)
👍 1

CPF

Investments

Retirement

Savings

Anyone here includes your CPF as part of your “Savings/Investment” portfolio? If yes, why? If no, why?
Jacky Yap
Jacky Yap
Level 5. Genius
Updated on 11 Jul 2019
Hello there - depends on how u categorize your excel sheet. For me heres my excel sheet line items: Asset: 1) Cash In Bank 2) CPF 3) Liquid Asset US Stocks SG stocks Bonds 4) Illiquid asset (properties / low fluctuation) So for me CPF is not under the savings / investment portfolio, in fact savings and investment is 2 different categories for me. there are no right and wrong answer its just what suits you best. Some might argue that cash in bank can be under liquid asset too, but for me as my cash in bank might fluctuate more, and i see my cash in bank as my psuedo emergency fund, i chose to categorize it seperately from my liquid asset (which i view as my long term portfolio). I also categorize my line items according to how often do they change / fluctuate on a monthly basis: 1) Cash In Bank (high fluctuation) - i use this for daily stuffs, i use this to channel into my liquid assets ie stock purchases, value might shift up or down. 2) CPF (low fluctuation) - retirement fund, value goes up overtime. 3) Liquid Asset (low to high fluctuation) - as much as possible i try to make sure this value go up over time. Hope this helps!
👍 1

Standard Chartered

HSBC

Citibank

Savings Accounts

Are you limiting yourself if you open a SME local account that is the same bank as your personal account or should i explore Foreign SME account such as HSBC, Standard Chartered, Citibank etc?
Jacky Yap
Jacky Yap
Level 5. Genius
Answered on 11 Jun 2019
Hi there! Im not too sure about the various foreign banks so I can only share my experience with the local banks. I think it all comes down to convenience . Some context, when i opened my first SME account, I was using OCBC. And then I used DBS SME for my second SME account. We have dealings with overseas client. In my experience, as our clients are mostly in Singapore, going with a local bank is much more convenient for us as we will need to regularly visit our local bank for off the counter services (cheque facilities, forms endorsements, updates of particulars) etc. If you are using a foreign bank, they might not have as big a network of bank outlets as the local banks. That will probably be the main reason why most businesses choose local banks over foreign banks. Foreign banks might have longer clearing period for banking transactions too. When we deal with overseas clients, banking matters are also quite minimal as they can just do the TT into our local bank account. It also helps that DBS is the largest bank in Asia so most transactions will go through. In my mind, perhaps you are considering using other foreign banks because of better rates for some of their products (credit facilities). Using a local bank doesnt stop you from using the facilities of other foreign banks. For us, our Malaysia office uses Maybank (the biggest local network in KL), and for our experience, even if we wanted to use Maybank Singapore, we understand that both the Maybank in Msia and Singapore are operated differently. You cant bank in a Malaysia Maybank cheque via a Singapore Maybank. So it's hard to find a reason why someone would want to use a foreign bank account as their primary bank account . Maybe one can consider using certain facilities of a foreign bank, but a local bank as a primary bank account definitely brings more convenience. Since we are talking about this, in my experience, DBS SME is slightly better than OCBC SME (used / using both), because somehow there are more people using DBS personal / SME account, hence when you do your bank transfers to your supplier / employee / invoice payments you save up more - DBS to DBS fast transfers do not need fees while interbank transfers usually charges a $0.50 service fee. :)
👍 0

Savings

Investments

Savings Accounts

Best advice for someone who wants to invest but knows nothing about investing?
Jacky Yap
Jacky Yap
Level 5. Genius
Updated on 07 Jun 2019
Hi there, actually i think the best thing you can donow is just, get a broker account, deposit 1k - 2k inside, and just buy any stocks (something that you can see / understand eg local banks / telcos / big global companies), and then you will figure out the rest. Even if you lose some money (lets say 10% on the 2k), it's probably a small amount ($200) considering the fact that this will make you take action today. the inaction today will probably make you lose out on more money (in terms of compounded return) in the long term. :)
👍 4

Funding Societies

P2P Lending

Investments

SeedlyTV S1E07

Is it advisable for newbies with no investment experience to try P2P Lending (e.g Funding Societies)? Anyone using the platform can share their experience (returns, default rates)? Able to recover your capital if there is default?
Jacky Yap
Jacky Yap
Level 5. Genius
Updated on 07 Jun 2019
hello! Yes i think it is ok. p2p lending is run by experienced team who will screen all the loans before they take them in and open the loans to public investors. im not in the p2p business but i think this is the process: 1) loan application by SME from P2P 2) P2P platform screens, does audit of the SME's business and determines risk and suitability + loan quantum 3) If business is sound, P2P approves the loan, if it is a bad business, P2P platform wont approve 4) Once loan approved, P2P platform publishes the loan and avails it for investment by public investor 5) public investor can take a look at the summary of the SME, the risk assessment and decides if he wants to invest in the SME's loan. So you can choose which business loan you want to back. And you can choose the amount. It is also in P2P platform's interest to ensure that the default rate is very low so that investors will continue to invest, because a bad apple will really break investor's confidence in the P2P platform. Funding society's default rate is <2% overall so is actually not that bad. For me, ive been on Funding society for almost 1 year now, no defaults so far. Returns should be around 7-9% after deducting the fees by funding societies. Overall experience is not bad, would personally recommend it for investors with medium to high risk profile. :)
👍 1

Investments

I’m a 23 year old male and recently got interested in investing. However, I have only made one investment so far in POSB’s Nikko AM STI ETF at $100 a month. Any advice on the next step?
Jacky Yap
Jacky Yap
Level 5. Genius
Updated on 07 Jun 2019
Hello there, a lot of people will tell you to start reading up etc. that's a given. :) Let me share with you my personal experience, but this is by no means a formula or financial advise (im not affiliated with any financial institutions too). When i started to decide what to invest in, i first decided what is my risk profile. As an impatient guy, my risk profile is quite high, hence i dabbled into US stocks. US tech stocks have been going up so i was lucky to catch some part of it since i started a year ago. US stocks is probably one of the investment product with the highest risk (daily fluctuation of 1-5%). Understand that my investing journey will be 10-20 years, so i am more focused on building my capital now (because no money) - hence US stocks fits me best because it can provide a decent capital gain in a short period of time (can go both ways), and i can stomach the risk. Other products like ETFs, REITS etc, you can only see the return in 5-10years for the compounding interest to kick in. After putting in some money into the US stock market, i realize that i need to balance out my portfolio with lower risk investment products, hence i looked into funding society for p2p lending, and then a little bit in SG REITs to build my long team dividend portfolio. These are done using the capital gain from my US stocks, diverted into my smalll dividend porfolio (ie REITs). So to sum up: my first 2 years of investing: - US tech stocks for capital gain (super high risk) - balance risk of US tech stocks with p2p lending (medium risk) my hypothetical 2-5th year of investing (not there yet this is my 1st year only) - capital gain from tech stock slowly converted to SG Reits for future dividend portfolio (medium to low risk) my hypothetical 5th - 10 year of investing - slowly build up dividend portfolio and waiting for dividend to compound the returns (medium to low risk) - CPF should have some money (low risk) And the constant thing from start of investing: 1) Read up, follow financial bloggers 2) Save money 3) Reduce expenses (sometimes it is harder to think of how to make extra S$200 a month, than to cut down on S$200 a month in expenses, both resulting in +S$200 in wealth) 4) optimize on credit card rewards 5) be insured 6) always remember that this is a long game (10-20 years) At least that's the plan la hahah. kthxbye
👍 13

Investments

DBS Vickers Securities

Savings

DBS Multiplier Account

Savings Accounts

Hi, anyone knows how i can link my multiplier account with my vickers account? so that i dont have to always make transfers to my cashupfront account?
Jacky Yap
Jacky Yap
Level 5. Genius
Answered on 03 Jun 2019
Hi there - that's funny because it's auto-linked for me. When i execute a trade on vickers, my vickers account will be "negative" and then it will be deducted from my multiplier account.
👍 1

Investments

General

Hi, what would be a good investment portfolio for someone in her early 30s with $250K in total savings? Are short term saving plans eg. lock up capital for 3-5 years with 2-3% returns good?
Jacky Yap
Jacky Yap
Level 5. Genius
Updated on 22 May 2019
Woah congrats! Many would aspire to be in your position in early 30s! There are so many ways to construct an investment portfolio that is it so hard to answer this. But the fundamentals of an investment portfolio comes down to, what is your risk appetite. Low risk = higher allocation in low risk investments (High yield savings account, SSBs, defensive REITs) High Risk = higher allocation in high risk investments (REITs, growth stocks, alternative investments) Im not a financial advisor so I can only share what i wish would be in my portfolio if i have S$250,000 in savings. Risk appetite: Moderate to high risk Cash in high yield bank account: S$50,000 . I'd allocate these into DBS multiplier for a 2-3% annual interest rate. This forms my daily expenses, emergency fund, serves as liquid cash. REITS: S$100,000. I'd aim to get some good quality REITs which gives me 5-6% of annual dividends, of which I'll reinvest to get more REITs. US Growth Stocks: S$100,000. I'd aim to get 6-8% of annual capital gain from this, of which I'll reinvest into my REITs portfolio to get more recurring dividends. Of course, if I were to do these, I would have made sure that I have S$50,000 - S$80,000 in my CPFSA as a safety net / buffer for my high risk appetite. Disclaimer: This is an illustrated portfolio, and I'm not a financial advisor. :) Private property is great but with S$250,000 - it's pushing it a little, even more so if its a single owner occupancy. A 3BR condo can be between 500k - 1M or more, and the downpayment, renovation, monthly upkeep and mortgage can be stressful. Are short term saving plans eg. lock up capital for 3-5 years with 2-3% returns good? Hmm i honestly dont think its good. There are many other instruments that gives u 2-3% without the capital lock up (high yield savings account, some defensive REITs). Hope this helps!
👍 0
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