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jiajing wang

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jiajing wang

  • Answers (54)
  • Questions (11)
  • Reviews (1)

Singapore Saving Bonds (SSB)

Investments

COVID-19

Interest Rates

Hi guys, I was wondering if I purchased a SSB before COVID, would the forecasted interest rates previously stated when I bought it be affected now?
JW
jiajing wang
Level 5. Genius
Answered 3w ago
No. It does not change. Once you purchased it at let say a 1.2% for the 1st year. It will stay that way
šŸ‘ 0

Investments

Stocks Discussion

Online Brokerages

ETF

Robo-Advisors

To all new and seasoned investors, what was your first investment ever made, and how did you come across that decision?
JW
jiajing wang
Level 5. Genius
Answered 3w ago
MY first investment, like the other answers here is the STI ETFs too. I made the decision to start investing in that due to the many articles in Facebook
šŸ‘ 0

Investments

STI ETF

Online Brokerages

ETF

Should I continue to DCA into Nikko AM STI ETF?
JW
jiajing wang
Level 5. Genius
Answered 4w ago
I am pondering over the same thing too that's y I'm here. If you can stomach the paper loss then it would be best if u continue DCA. I saw an explanation somewhere that although many people will advise that paper loss are not actual loss until you actually sell it but in the long run, if it does not recover, you are wasting your time and investable money on it.
šŸ‘ 0

General

Lifestyle

Are staycations worth it? I have noisy neighbours; Looking to have some quiet time alone. But should I spend on this?
JW
jiajing wang
Level 5. Genius
Answered on 09 Jul 2020
I bought the latest promotion that the Fullerton hotel have and it's worth $800 for luxury oasis for their one night stay only. Personally feel that the previous promotion before the CB from other hotels were more worth or value for money but weren't able to purchase.. Not sure for those who bought it if it is still valid once staycations are approved. Back to the question, if you are opting for a staycation as a couple, the money spent would be worth as it allows you to Spend romantic time with your SO. Since you are thinking of going for a staycation alone just because your neighbors are noisy then I would advise you to keep the money. A day in local hotels could buy you a ticket alone to some quiet resort in neighboring country. Moreover, the rates of a hotel stay in singapore is quite exorbitant in my opinion compared even to country like Hong Kong
šŸ‘ 1

Robo-Advisors

Investments

SeedlyTV S2E04

Would like to ask which robo-advisor platform is better? As this is my first time investing and currently I just start working. Planning to do monthly $100 investment but I have no clue which platform?
JW
jiajing wang
Level 5. Genius
Answered on 28 Apr 2020
All robo advisor has different algorithm so It would be difficult to tell you which is better.Even if you had invested the same amount into each robo advisor, the outcome would not be the same mainly also dug to the different risk profile and products vested in. Personally, I use StashAway and although the fee is not the lowest, I feel it works fine for me especially since they have this easy to view mobile app.
šŸ‘ 1

Investments

Stocks Discussion

Robo-Advisors

Anyone considering Stashaway DCA $50 a day? Considering that it is dropping 5% everyday?
JW
jiajing wang
Level 5. Genius
Answered on 27 Mar 2020
DCA only works best in certain situation.. If the market is going downtrend, it's OK.. If it's uptrend then might as well lump sump of $1500.. If it's flat line, it doesn't matter...
šŸ‘ 0

AMEX Platinum Reserve Credit Card

Credit Cards

Can the annual credit card free be waived?
JW
jiajing wang
Level 5. Genius
Answered on 25 Mar 2020
Depends. If it's airmiles card, usually no if you want the points to Accumulate. For most of the common cards like UOB, citibank and DBS, they are usually very willing to waive it. Not sure if their protocol will change now. Due to covid19
šŸ‘ 0

COVID-19

Wedding

My close friend's wedding is next weekend but while there are already precautions in place, I'm not sure whether I should go. Any advice?
JW
jiajing wang
Level 5. Genius
Answered on 25 Mar 2020
Even for wedding, not more than 10 person can be present so I guess you couldn't go if you want to.. It would be best if your close friend sustain a loss and postpone the wedding.
šŸ‘ 0

StashAway

AutoWealth

Robo-Advisors

Investments

Stocks Discussion

Hello finance gurus. Both of my Stashaway and Autowealth portfolios took a massive hit. Lost a total 20%. Should I lock my losses and increase the cash reserve or hold it for the next few years?
JW
jiajing wang
Level 5. Genius
Answered on 23 Mar 2020
I do not bother to do anything because that's the whole concept. It's on paper that you seems Like you are making a loss but you are safe until you really do anything. Until you really cannot stomach the loss on paper, stay invested and hold it
šŸ‘ 0

Insurance

Seedly

General

Why are there so many lurking financial consultants on Seedly, and is this allowed?
JW
jiajing wang
Level 5. Genius
Answered on 13 Mar 2020
It's a gray area.. You choose to ask here, they have the expertise and options for you, why can't they put links to their social account? You Have the options to not click that link.. And they are being open and transparent by telling you beforehand that is a link.
šŸ‘ 1
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