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Jessica Ann Lee

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Jessica Ann Lee

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32Upvotes

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Jessica Ann Lee

Top Contributor
32Upvotes
  • Answers (13)
  • Questions (2)
  • Reviews (1)

Insurance

Travel Insurance

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Updated 2w ago
I won't buy travel insurance from the bank unless I know my personal banker is really going to stay there for quite a long time. (but then again, insurance advisers seems to jump ship here and there frequently) I had a read of this blog review on travel insurance and claims and approached them to buy a yearly plan. I met with a small accident in one of my trips, and thankfully the broker helped me with all the claims very professionally. Not like my previous bank who sent me an URL and wants me to fill in everything on my own..... And no banker at that time wants to help me because my previous banker just jumped to another bank. Hope that helps.

Investments

DBS

ETF

Unit Trust

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Updated 2w ago
Signed up a while ago. Always been interested in Robo-advisor, the concept of putting money and not caring about it (maybe check once a year or once every quarter). DBS is a local bank and I have accounts there, so the signing up process is really easy. It's pretty new, so no one can tell you the performance results now, probably need to wait 1, 3 or 5 years later. Sign up now with a small monthly contribution?

Lifestyle

Expenses

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Answered 2w ago
Anytime Fitness is great because you don't have to pay monthly, you can pay as you go. If you need a trainer, I suggest googling for those freelancer personal trainers in Singapore. They are usually lower fees and they can be more flexible (because they are not tied to a specific gym). I had one in the past and he wasn't counting time and strict about overtime etc. And his advice goes beyond the gym, giving me food advice and lifestyle changes. Hope that helps!

Lifestyle

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Updated 2w ago
A big issue for most motorists. Not saying all workshops are dishonest, but I met enough dishonest workshops to be wary of everyone.... Personally I always go to a big workshop, feels bad that I am not giving the small enterprises a chance, but big workshops the technicians have no incentive to cheat. They won't bother to give a lower grade motor oil (even though you paid for the better) because they are not the boss. They won't bother to give low quality fluid, parts etc because the savings won't affect them. they may be slightly more expensive than small workshops but I won't get cheated. However, if you do find a good workshop with a great technician, do stick to him. This blog article explains some of the difference in car full servicing, basic servicing workshops stuff.

Savings

Bank Account

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Answered 2w ago
Go for the credit card and the 360 OCBC saving accounts if you can. Credit card is always better than a debit card because in scams, frauds stuff that is not 100% of your fault, it is the bank's money, not your money yet.

Investments

Stocks Discussion

Property

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Updated 3w ago
I won't go into stocks now.... inverted yield. The recession won't come tomorrow but pretty sure within next 2 years? Maybe buy something short term (6months to 1 year) and wait for the stock market crash?

Investments

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Answered 3w ago
Do NOT mix investment with insurance There are so many hidden fees in Investment-linked Insurance 1) Policy fees MONTHLY (this can also be known as admin fee or xxx fee depending on the insurance company 2) The funds you are in will charge a small % fee for feeding into a larger fund that is not the insurance-linked fund 3) The real larger fund has its own usual expense ratio 4) This is the part I hate most:- the insurer takes your premiums, BUY into the fund, ensuring they earn 5% commission, then immediately take some units out, sell it at 5% lower spread, to buy the term insurance that comes with the policy. They don't just deduct the costs needed from the policy premium, they make your policy buy units at 5% and then sell the units to get the costs. This is just blatantly grabbing as much as they can.

Career

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Answered 3w ago
I will always choose passion over income. Passion means your life is a bit more exciting. Do note that at your age, your idea of what sector/topic/degree/demand may be different from reality though. For example, I thought Business degree is useful, fun and full of interesting people. After finishing my studies, I found that business is not as fun as I thought. Really different perspective after entering it.

Lifestyle

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Answered 3w ago
Not worth it. SPH news is outdated usually by the time it appears in print. The online version is only a little faster but still slower than international news agencies. Most of the information is free on the internet OR available in premium international branded subscriptions which can be actually cheaper.

Loans

Jessica Ann Lee
Jessica Ann Lee
Top Contributor

Top Contributor (Aug)

Level 4. Prodigy
Updated on 16 Jun 2019
Banks require 1) Income proof (so a few months of income that they are assured of your ability to repay loan) 2) Residential Proof that you are living long term in Singapore 3) Letter from your company on your position and salary (on capability to repay in long term) usually if you have the 3 above, you are good.
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