Jasmine Tsoi

I live to chase my dreams and miles while planning for my retirement and finding the best way to maximize my money!:)

Jasmine Tsoi

26Upvotes

About

I live to chase my dreams and miles while planning for my retirement and finding the best way to maximize my money!:)

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Jasmine Tsoi

26Upvotes
  • Answers (12)
  • Questions (0)
  • Reviews (10)

General

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Updated 2w ago
Poor until when financial planner tried to plan for my future and asked how much savings I had, I was too paiseh to say $200 😂 that was right after uni before I started work!

General

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
I recently went to the COMEX it show, and Apple products were going for 5% off! Plus some freebies like mouse. Not much freebies from apple if you get the 5% but then those are not really needed anyway! The 5% is good if you are getting more expensive stuff.

General

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
Yes I love seedly too! So much information exchange going on and people willing to share :)

Lifestyle

Wedding

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
For wedding: I think this really depends on how much you are comfortable with parting with, and what your partner's/families expectations are. Also, whether you are looking at alternative venues or hotel banquets.. alternative venues might be slightly cheaper at around $100/pax as you just need to rent the place & get catering in, however you might also run the risk of not being able to recover the costs as people might see it as a casual event. BUT, nowadays there seems to be more alternative venues in the market and they are quite ex!! I think one tip is to go for weddings fairs or shows and learn to negotiate your package for extra inclusions! Dayrebrides is a great community where people share info and tips as well :)

Fresh Graduates

Career

General

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
Depends on how much I'm being paid for my part time job to justify spending my rest time on it! If I'm paid more than $20 an hour I'll consider it so that I can get more money to save and invest with :)

General

AMA SG Budget Babe

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
Took me a while to convince my boyfriend to get started on basic financial knowledge.. i liked reading such stuff and thinking how to grow our money, but he had zero idea which made discussions hard. So I brought him to the seedly event and it made him more interested in finances! Half a year later.. he finally understands me a bit more when I tell him stuff😂 I'm glad that now he joins me in my financial planning journey of our future :)

Fresh Graduates

Investments

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
My first investment was to buy STI index 3 years after graduating cos at that time I didn't know anything and my uncle said they were good for dividends and stable😂 I wish I started earlier though! I still think STI index is a good buy so I would do it again, or start earlier with a regular savings plan!

General

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
I would want to open my own bed and breakfast/Airbnb some were in the mountains and host people from around the world. I also like to collect teas so I want to have a teashop filled with random teas from my travels, where people can come and drink teas and pay what they feel is worth! (Idk how that would work though...but money is no issue so 🤷)

Bank Account

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
I think it also depends on the amount of funds you have? Rather than locking it up for one year for less than 2% interest rate, you can consider putting your capital in a bank account that would work best for you? For example if you have a high capital of 70k you can consider the UOB one account which can get you more than 2% if you fulfil their 2 criterias of min spend on card or salary/3 giros. It's also more fluid so if you need the cash anytime you can take it out! Otherwise if it's spare cash I think Singapore savings bonds is also a good risk free investment where you can just park the money there for up to ten years. Alternatively sometimes you get random products in the market like the recent great eastern/OCBC fixed deposit promo where you place your money for 3 or 5 years and get 2.xx% back. Sorry I can't remember the figure off hand but I think they came up with 2-3 of such products recently! My personal thinking is that anything that requires me to lock up money for a period of time should get me more than what my bank account can get me. Which is usually more than 2%.

Insurance

Jasmine Tsoi
Jasmine Tsoi,
Level 4. Prodigy
Answered on 15 Sep 2018
I think it depends on which market you want to start investing in! I use posb invest - saver for the regular savings plan to buy STI index. But I use Autowealth to buy US ETFs which is something I will never be able to do myself without their platform. I think if you are a new investor, it might be good to diversify as well.. maybe start off with Singapore ETFs first because probably lower risk? The admin fees are also lower for posb as compared to roboadvisors I think!
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Level 4. Prodigy
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