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jiajing wang

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jiajing wang

  • Answers (50)
  • Questions (9)
  • Reviews (0)

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

Investments

Robo-Advisors

I have invested in robo Advisors recently, right before the recent downward trend. I plan to do DCA, do you think I should continue with DCA?
JW
jiajing wang
Level 5. Genius
Answered on 09 Mar 2020
I am shouting "yeah" to such a situation because the robo are unbiased in their analysis and the benefit of DCA is when markets are bad, you can buy more and when markets are gd.,you are not able to buy as much.. You should continue to DCA if u have the means (enough emergency funds, resilient enough to keep invested for 3 to 5 years, will not panic if the portfolio goes downtrend.. Of course, DYODD
šŸ‘ 0

Investments

STI ETF

Considering the current market climate, is it a good time to DCA now?
JW
jiajing wang
Level 5. Genius
Answered on 09 Mar 2020
YES You can increase your DCA amount but the advice will be not to play around with the DCA amount too much.. Put in a comfortable amount you are ok with and don't think of reducing it if the market improves and increasing it when the market plummets.. You are DCA-ing ... Not timing market
šŸ‘ 0

Stocks Discussion

Savings

StashAway

Is StashAway safe?
JW
jiajing wang
Level 5. Genius
Answered on 27 Dec 2019
Basically all other company, digital or brick and mortar shop will more or less request some verification if you sign up for something.. StashAway is dealing with money transactions./investments so all the more they would need the most critical information such as passport or proof of address.. STASHAWAY Is also regulated by the monetary authority of Singapore so yeah.. Your data will be safe.
šŸ‘ 0

Property

HDB BTO

Resale HDB

Are there better ways to get HDB flats?
JW
jiajing wang
Level 5. Genius
Answered on 27 Dec 2019
Did you try to get those BTO and sales of balance flats at any location opened for sale or oy the location you would want.. If location wise you are unable to get, you really have to consider those other locations that are at non mature area or those u have not considered before
šŸ‘ 0
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