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Jefferson Soh

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Jefferson Soh

Founder at The cat cafe

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Founder at The cat cafe

Jefferson Soh

Founder at The cat cafe

  • Answers (7)
  • Questions (0)
  • Reviews (9)

YouTrip

Multi Currency Cards

Any reviews on the new launch of Youtrip multi-currency wallet? Is it really better than going to a money changer in terms of rates?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Updated on 07 Jun 2019
Im answering this in the area of online shopping on taobao. My usual drill is to use ratex, however this time i tried youtrip as youtrip seems a dollar cheaper than ratex. Ratex 349 china yuan cost about 71 sgd ! Youtrip - based on their mastercard website 70.14 ! Results - Winner ratex However at the end, youtrip charge me 360RMB instead of 349RMB. Theres a 3% not sure if its from mastercard or youtrip. !
Answer image preview
ūüĎć 1

Career

I'm 32, just got married. and I'm in a company where I am doing really well. My husband wants to have kids soon, but I'm afraid it will affect my chances of promotion in the future. What do I do?
Jefferson Soh
Jefferson Soh, Founder at The cat cafe
Level 4. Prodigy
Updated on 28 Nov 2018
Have the kid. These are golden windows, once missed it will never come back. The will always be work. There will always be promotions as long as you are a good worker. I have friends with 3 kids. Each time she comes back from maternity, she gets promoted.
ūüĎć 2

Investments

I’ve a diversified portfolio totalling 130k but currently at a loss of about 30% due to market downturn - I don’t need the money, shId I just leave e investment there ?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Answered on 28 Oct 2018
That's not a diversified portfolio. U have only sg stocks and all in sg. I would advise you to read up on portfolio allocation.
ūüĎć 1

General

Loans

Family

Should I forgo investing completely and dedicate to clearing my mum's debt?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Answered on 25 Oct 2018
I would say do not declare bankruptcy... 4.5% loan is cheap vs the consequence of bankruptcy. Unable to fly, unable to buy things etc. I will advise u pay off first. Only invest with money u can afford to lose.
ūüĎć 1

General

Investments

What is the best way to buy US stocks (eg Facebook, Amazon, Netflix and Google)?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Answered on 30 Jul 2018
The most cost effecient method is interactive brokers. Trades are around 1 dollar per trade. They have a platform fee of 120 a year. All these waive if you got 100k usd or more park. With them. Down side : harder to setup - it's a us broker with the nearest call center at hk. If you lose you token etc be prepared for international calls. Funding and removing funds happens usually within a few hours during sg working hours. You can fund in sgd to their citibank account and transfer at fx spot rate to currency that you like. They are the biggest brokerage company in US not much to worry about them running bankrupt. After all they survive lehmen, dotcom etc.
ūüĎć 0

Investments

Does anyone buy China stocks/bonds direct? How does that work and are there tax implications?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Answered on 08 Jun 2018
If you are talking about china listed stocks A or B shares, those are almost impossible to get for retail investors. You can either A - buy a china etf. If you are refering to Chinese comapnies, e.g Tencent, alibaba, baidu, jd.com, etc - these are actually listed in US stock exchange most brokers with access to nasqad or NYSE can do it.
ūüĎć 0

Credit Cards

What are the top "miles hacks" for credit cards?
Jefferson Soh
Jefferson Soh
Level 4. Prodigy
Answered on 01 Jun 2018
read, burn and drink milelion.com http://milelion.com/airlines/what-is-the-value-of-a-mile/
ūüĎć 2
Level 4. Prodigy
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