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Jacob

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Jacob

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Jacob

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SeedlyTV S2E08

Giveaways

CPF

[GIVEAWAY] What is your retirement safety net strategy? How are you currently using your CPF?
Jacob
Jacob
Level 6. Master
Updated 3w ago
Having 1 million or 4 million by age 65 seems like a far fetch dream for many, but kudos to Mr Loo for making the 1M65 and 4M65 concept mainstream! Having seen countless of his talks, this SeedlyTV S2E08 feature is still as refreshing as ever. Here's a few of my key takeaways for my retirement: 1. Aiming for OA to cross 30k at the soonest, and thereafter to invest the excess OA sums (above 20k) in the S&P500 via Endowus. I strongly believe over long term/decades, the returns should be higher than the guaranteed 2.5% on CPF OA. This could also mean having to forgo property payment using OA, and essentially buying a roof that I can reasonably afford (or in other words, HDB). 2. To hit 130k in SA (preferably by 30) and letting the 8th wonder of the world/compounding work its magic. Although the transfer from OA to SA is an irreversible transaction, this short term pain will be long term gain. This forms a baseline safety line for my future retirement needs, which will definitely grow beyond 1M65 if CPF contributions continue to flow in via employers and self top-up. 3. A happy wife is a happy life. This movement accounts for a couple's journey into retirement together, so hopefully my future wife will be supportive and buy into this strategy as well. Financial matters could be contentious in any family, hence having someone who sees eye to eye on financial planning is a huge plus. Truth to be told, the only contribution to my CPF has been via my employee thus far. So instead of purely topping up my parents' accounts for tax deduction purposes, I could be looking into doing some self-top as well. Thanks Mr Loo and Seedly for the insightful session!
šŸ‘ 1

ShopBack GO

Whatā€™s the average time for shopback cash back tracking?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
Hi SJ, from my experience, Shopback GO is relatively quick (<1 week or even immediate in some instances) while Shopback for online purchases can take up to 3 months. It is nice that all your transactions are listed by recency, and the status is shown per transaction. So if your current Oct transation is still pending while those before Sep and after Nov have already been approved, there could be some glitch which you could raise with the Shopback team. Hope you manage to get this resolved!
šŸ‘ 2

Investments

Stocks Discussion

SGX

What are the main pros and cons seen towards investing in Singapore Telecommunications Limited SGX: Z74? Would love to here both sides?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
I think one of the driving forces for Singtel could be the 5G licence that it was just awarded. Given that it is the next frontier of technology, 5G brings much upside to the Singtel business with loads of potential to be captured. Taking us one step closer to Internet of Things (IOT), Singtel is well positioned to be at the forefront of these changes. However, one worrying point for me is the questionable (?) acquisitions and investments made over the years. We have seen both Bharti Airtel and HOOQ running into issues, bringing question marks to Singtel's governance on cross borders operations.
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COVID-19

FIRE Movement

Savings

Investments

Retirement

SeedlyTV S2E02

Planning to RSP into US based ETFs over a long term horizon, should i wait till the US market crashes further?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
It is definitely difficult to tell when the bottom is and if the market will crash even further, hence many will advocate adopting a DCA approach - if it goes higher you wouldn't feel like you missed the lower boat, if it goes lower you can continue to average down your entry price. As for the US market, it should still continue to be the dominant market after this epidemic (for which no one knows will happen for how long). At present, US markets accounted for 54% of world stocks - this figure varies across sources but I found this via Statista as of Jan 2020. Miles ahead of other countries in single digit %, it could take decades for another power to dethrone US. Some say 2050, but let's see.
šŸ‘ 0

Stocks Discussion

SGX

REITs

Investments

(Stocks Discussion) SGX: EC World REIT (SGX: BWCU)?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
For reference, Sudhan did up an analysis on EC World here: https://blog.seedly.sg/ec-world-reit-sgx-bwcu-analysis It is indeed attractive given how the e-commence industry is booming in China with rise of Taobao and how many of our goods are from China as well. Being listed in 2016, there hasn't been a long history to analyse its performance but this will be one to watch as China e-commence continues its trajectory.
šŸ‘ 0

Investments

Which brokerage will be suitable for Long term investing?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
Hi Keane, This will be dependent on the exchanges that you will be trading at, but the ultimate goal would be to minimise all forms of fees and costs. For SG stocks, some of the popular ones include FSM, POEMS and DBS Vickers. You may wish to read up the reviews (https://seedly.sg/reviews/online-brokerages) or this cheatsheet for the cheapest local brokerage (https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore). As for US stocks, it is generally cheaper to be investing via an overseas brokerage account compared to the local ones. Should you wish to invest up to US$100k, Saxo or TD Ameritrade would be a good choice. If you are looking at a higher amount more than US$100k, Interactive Brokers is a better choice (as they charge inactivity fee of US$10 per month if your account holdings are lower than US$100k). Here is an explanation in greater detail: https://blog.seedly.sg/how-to-buy-us-shares-in-singapore-and-open-brokerage-account Hope this helps!
šŸ‘ 0

COVID-19

Lifestyle

How are you spending this Labour Day public holiday?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
Labour Day is very much a chilling day for me now, even more so compared to when I was a student busy studying for all the May mid-year exams back then. Though this year's probably is of a lesser significance as we adapt to this new norm of working from home. So day off for myself and family! Probably not cooking and buying takeaway food. Fun fact: Just got to know from my UK colleague that not all countries celebrate Labour Day or May Day as some may call it on 01 May every year. For instance, some countries observe it on the 1st Monday of May instead. This year, UK will be having their bank holiday on 08 May together with Victory in Europ (VE) Day. We learn something new everyday!
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Lifestyle

General

Seedly

Personal Finance Books

Investments

Investment Courses

Recommendation for Books?
Jacob
Jacob
Level 6. Master
Answered on 01 May 2020
The Intelligent Investor by Benjamin Graham - a timeless classic!
šŸ‘ 0

SeedlyTV S2E04

Dividends

Investments

What are the best option to earn dividend for steady income?
Jacob
Jacob
Level 6. Master
Updated on 30 Apr 2020
Totally agree with Elijah that dividend payouts are by no means guaranteed in any way. While some may say that DBS (one of the strongest blue chip on SGX) is still paying out the same Q1 dividend as it did last year despite all the headwinds, it must be noted that the business environment is really shaky and hence dividends may be cut with less than ideal business performance. Many are also turning to Reits as a form of dividend machine. This could be true in better days, but as a result of this circuit breaker in Singapore, many Reits from retail to office are widely affected. Case in point, Mapletree Commertial Trust and Capitaland Commercial Trust have just announced reduce dividend payout in light of the situation. Hence dividends could be cut or removed in totality in the near term, especially in light of the government's extension of permissable period for distribution of taxable income from 3 months to 12 month. Do also be mindful of the inflated dividend yield calculation that you may see at present. Due to a lower share price, dividend yields are inflated and gives the impression of a high dividend payout relative to the price you are buying in. Do take the figures with a pinch of salt.
šŸ‘ 0

Investments

Hi, a newbie looking at passive income, dividend stocks. i only hv 2-3k to start with, so was thinking about etfs. How should i plan out my first 2-3k into etfs and stocks?
Jacob
Jacob
Level 6. Master
Answered on 30 Apr 2020
HI mose, 2-3k may be quite small an amount to start off with given that fees will eat considerably into your investment. One strategy could be to adopt a DCA approach to automate the process of buying, say $500 per month, into any ETFs or stocks that you are comfortable with (after research, that is). While on the sidelines, you continue to read widely and increase your knowledge. This should beat you jumping into the market without the necessary tools and end up burning your fingers. By starting small, you also help to overcome the first mental barrier that most investors have while making their first investments. And this sets you up for the journey ahead. All the best!
šŸ‘ 0
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