Jason Cheong - Seedly
Seedly logo
Seedly logo
 
Jason Cheong

Working-class. The world shows the young to take more and give less, But the word teaches them to give more and take less.

Jason Cheong

Alumnus at NTU

About

Working-class. The world shows the young to take more and give less, But the word teaches them to give more and take less.

Credentials

Alumnus at NTU

Jason Cheong

Alumnus at NTU

  • Answers (15)
  • Questions (0)
  • Reviews (4)

Investments

Stocks Discussion

ETF

Online Brokerages

I am considering investing in NASDAQ ETF - can someone explain the difference between CNDX and EQQQ? What are your thoughts on FSM and SAXO as a platform in this case?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 3d ago
Hi there, If you are looking at CNDX vs EQQQ, I suppose your standpoint is a preference on Ireland-domiciled funds having WHT of 15% vs the WHT of US-based 30%. A quick comparison on the 2 funds: Year Incepted CNDX: 2010 EQQQ: 2002 Expense Ratio CNDX: 0.33% EQQQ: 0.30% Dividend CNDX: Reinvest (Acc) type EQQQ: Payout: 0.5% EQQQ has been around longer, 10% cheaper, and offers Div Payout. CNDX came out 8 yrs later, also relatively low cost, but it reinvests your dividends back into the fund. I read somewhere that AUM for EQQQ is slightly larger and more liquid compared to CNDX (you have to verify those). Therefore, if your intent is long-term buy and hold, I will go with EQQQ . As a user of FSM, I see choices of other NASDAQ-100 tracking funds, but neither CNDX nor EQQQ is available for my purchase through their DIY interface. Guess SAXO is the way for now.
👍 0

FSM One

Regular Shares Savings Plans (RSS/RSP)

Investments

Online Brokerages

Can anyone advise on applying for FSMone’s RSP and currency conversion?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 5d ago
To apply for an RSP, please follow the steps below: 1. Login to your account and click on " Place Orders " tab on the menu bar. 2. Select the fund that you are intended to do RSP under "What do you wish to buy" 3. Select the payment method that you wish to utilize for RSP: - DDA stands for Direct Debit Authorization (it is a deduction from your bank account), and/or - CPF OA/SA/SRS, and/or - Cash Account 4. Key in the RSP Amount for monthly basis. 5. If you have selected DDA and it's your first RSP application, you are required to key in the bank details. 6. Once it is confirmed, print the DDA form and mail to us. However, if you select CPFOA/SA/SRS/Cash Account, no form is required Note: You may apply more than 1 fund under the same DDA by going through the same steps of application. However, you will only need to submit one DDA form. Once it is approved, you are able to use it for RSP of different funds under the same FSMOne account . Hope this helps! (Source: FSMOne FAQ page) One thing to note is that the date for RSP subscription is the 8th of every month (or next working day if the 8th is a non-business day).
👍 0

Stocks Discussion

Investments

Is there tax (WHT) on US listed bonds etf?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 6d ago
In short, Yes - 30%. Withholding tax is a tax on interest or dividends paid to foreign persons. Under US domestic tax laws, a foreign person generally is subject to 30% US tax on its US-source income. US persons making payments (‘withholding agents’) to foreign persons generally must withhold 30% of the payment amount as tax withheld at source on payments, such as dividends and royalties, made to foreign persons. In other situations, withholding agents may apply reduced rates or be exempted from withholding tax (WHT) at source when there is a tax treaty between the foreign person’s country of residence and the United States. Basically, as a Singaporeans, you pay withholding tax on all dividends, be it from shares, ETFs, REITs etc. If you buy a 6% yielding US REIT, after withholding tax it’s going to be a 4% yielding REIT, which is a lot less attractive. To illustrate, imagine that you buy US$1 million worth of US stock/ETF, which pays a 3% dividend yearly. The US$30,000 annual dividend is subject to a 30% withholding tax, so US$9,000 is deducted from your dividend to be paid to the US government. By far the easiest way to get around US withholding tax is to buy Irish domiciled ETFs. The US has various income tax treaties with countries in order to avoid double taxation of the same income and to prevent tax evasion. In particular, there is a US-Ireland tax treaty that reduces withholding tax from the standard 30% to 15%.
👍 1

FIRE Movement

Sorry, but couldn't the FIRE movement be seen as egotistical instead of a liberating goal?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 6d ago
With regards to this, A valedictorian from the The University of Queensland shared a TED talk. Her story is one of many in the Financially Independent Retiring Early (FIRE) movement supporting the idea that end-of-life retirement is optional. Lacey considers herself time rich: able to choose if, when, where, how, on what and with whom she works. This was achievable because of Lacey’s financial position: she started investing at 19 and now earns a passive income. Before FIRE, she used to work in Australia’s ‘wild west’ with a high flying career in mining. A health scare and her sister’s suicide opened Lacey’s eyes to the world beyond work, leading her to redesign her life and take five mini-retirements in the next five years. https://www.youtube.com/watch?v=XSHNDyinZSQ&feature=embrelend
👍 0

Investments

FSM One

Regular Shares Savings Plans (RSS/RSP)

ETF

Online Brokerages

With regards to FSMone's RSP foreign currencies ETF, would FSMone auto convert SGD to the respective currencies for the RSP or do I have to manually convert money to the respective currencies?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 6d ago
I encountered this recently in my purchase of US based ETF via FSMone. The SGD was in my Auto-sweep whereby the conversion was auto. However, when I sold off the ETF, the USD will be put back into Cash Holdings as USD. There is no auto-conversion on sale. Hope this helps!
👍 0

Investments

ETF

Stocks Discussion

Online Brokerages

How do I invest in VWRA? Which broker should I use?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 6d ago
Hi there, VWRA can be purchase through a brokerage that allows you to trade shares on the London Stock Exchange. You can use local brokers like Standard Chartered Online Trading or DBS Vickers. Personally, I use an overseas broker - Interactive Brokers. I remember coming across a good write-up by Kyith that you may like ( IWDA vs VWRA) : https://investmentmoats.com/passive-investing-2/iwda-versus-vwra-significant-performance-differences/
👍 0

Career

SeedlyTV S2E10

I just started a job 2 months ago, and realized I absolutely hate it - extremely political and the boss is unreasonable. Should I state my current experience if I apply for another job now?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 1w ago
I think if this is your first job, it seems alright to omit the current experience in your CV. However, if you already are in the work-force for a while and you’re wondering: Should you put it on your resume, or should you leave it off and be stuck with a work-history gap? From my point of view, - If a given job lasted less than six months, it is acceptable to leave it off of your resume, and reply honestly if the hiring manager asks. - If this job is only 2-mths but relevant to the next job you wish to take up, you may like to include it in your CV to indicate that you have some knowledge in this area. You may follow up with a reason on why you are applying even after 2 mths.
👍 0

Investments

Singapore Saving Bonds (SSB)

Online Brokerages

My SSB allocation is not reflected in my portfolio in CDP account. Is this normal?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 1w ago
Hi there, I think don't be overly worried. In the past when I subscribed to SSB via ATM, I remembered encountering this issue. But as long as you have the statement issued saying that the allocation was granted to you. It should be safe to say that the transaction is "in process". If you are used to the timeline of buying shares through your brokerage and seeing it appear in CDP statement within days like myself, all I can say that it took a few weeks to a month before I saw my allocated SSB appear. One thing to note is that your CDP Account must be individual account. Joint CDP Securities accounts will be rejected.
👍 0

Investments

Stocks Discussion

ETF

Does anyone know of any ETF covering China's logistics sector?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Updated 1w ago
The best ETF that tracks something like that is the Global X MSCI China Industrials ETF https://finance.yahoo.com/quote/CHII/ Some of the China logistics companies you may have heard of: ZTO Express (Cayman) Inc. China Railway Group Limited China Railway Construction Corporation Limited BOC Aviation Limited Air China Limited Cosco Shipping Ports Limited China Railway Group Limited China Southern Airlines Company
👍 1

Investments

Online Brokerages

Stocks Discussion

FSM One

Does FSMone accept contra via CDP linkage account?
Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered 1w ago
No that is not possible. Contra only possible within the same platform/brokerage.
👍 1
Load more questions
Level 4. Prodigy
71PointsGoal 125
54 POINTS TO LEVEL UP
Browse Rewards