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Jay Liu

22. Student.

Jay Liu

Sleepyhead at Land of Dreams

About

22. Student.

Credentials

Sleepyhead at Land of Dreams

Jay Liu

Sleepyhead at Land of Dreams

  • Answers (194)
  • Questions (25)
  • Reviews (7)

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!?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 21 Oct 2019
Either. If the property is bought for hopes for selling when the property appreciates in the future and when there is and sold, it will be considered as an investment. If the property is used to generate profits, e.g. rental, using as an office space, it will be viewed as an investment. For me, I will view my parent's home to be somewhere to stay. If I were own my own house I will consider it somewhere to stay too. Unless if I were to operate a own business from home or renting it out to have rental income, I will view it as an investment.
šŸ‘ 1

Career

General

Would you rather hire someone with no experience but great university results, or have works experience and average results, or someone who did badly in school but is very willing to learn?
Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 7. Grand Master
Updated on 19 Jul 2019
If I'm the hirer I'll give everyone a chance. But impose a 1month probation with intern pay and compare their performance. Get the best performance one. But sad I'm not a hirer:((
šŸ‘ 0

Investments

I never understood fund sheets. There is so much to learn about investing in stocks. How much should I know about an investment product before I invest in it?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Updated on 07 Jun 2019
Read and read. Maybe take an online course/youtube on accounting to learn how to read financial reports. The basic I think 1 should know will be the commission fees, fund managers managing the product, use fundamental analysis to determine whether is it good to invest in, is the price over valued. Most importantly is to read news on news article or simply at SGX to see their outlook/ acquisitions.
šŸ‘ 0

Savings

General

What is your secret to saving money?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Updated on 07 Jun 2019
Adopt a '3 day rule' habit to avoid impulse buying. Give yourself 3 days to think whether to purchase the product. Normally for me, the 2nd day I'll forget about it and remembered it weeks after. Then I give myself a 3 day rule again. And if it's determined as I really need it, I'll get it.
šŸ‘ 0

General

What are some of the hobbies that I can take up, that will allow me to earn some extra cash?
Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 7. Grand Master
Updated on 07 Jun 2019
If you have skill-set that is able to make profits e.g. Electrical engineering background. You can construct a circuit that target a group of enthusiast. e.g. Handmand drone. And then provide the service of making a drone and sell it on carousell upon deposits. Think along this line and find what skill-set do you have that is able to generate extra income.
šŸ‘ 1

Investments

P2P Lending

SeedlyTV S1E07

When considering P2P lending as part of overall investment strategy, what is general expected ROI and any tax benefit/ implications?
Jay Liu
Jay Liu
Level 7. Grand Master
Updated on 07 Jun 2019
My lowest rate I invested in was 9.6% and highest was 16.20%.
šŸ‘ 2

Family

Lifestyle

Education

At what age should my child get a part -time job and learn about the working world?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 10 Feb 2019
I started working when I was 15. As long as its kept minimal(weekends, school holidays) and focusing on studies during exam period.
šŸ‘ 0

Lifestyle

Family

Do you think there should be a market rate for ang bao?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 10 Feb 2019
Nope. Reunion gatherings during CNY is more important than the amount in the ang pao to me.
šŸ‘ 0

Investments

Just got CDP, how to link with SSB?
Jay Liu
Jay Liu, Sleepyhead at Land of Dreams
Level 7. Grand Master
Answered on 10 Feb 2019
Don't have to link with SSB. Your CDP account link to a bank account. After the linkage you can just buy the SSB issue from the bank app/ website/ head down to the atm. When purchasing e.g. $500 do have an extra $2 for the processing fee. So total amount will be $502 when purchasing. :)
šŸ‘ 1
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