JianHao Soo - Seedly
Seedly logo
Seedly logo
Ā 
JianHao Soo

JianHao Soo's profile is not filled up yet.

JianHao Soo

About

JianHao Soo's profile is not filled up yet.

Credentials

JianHao Soo's credentials are not filled up yet.

JianHao Soo

  • Answers (21)
  • Questions (3)
  • Reviews (9)

Investments

Insurance

Savings

Savings Accounts

Family

Retirement

CPF

Endowment Policies

What is the best endowment and annuity plan in the market now?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered 3w ago
Usually, when I compare between endownment plans, retirement plans and annuity plan, I will compare the IRR of the policy which can find within the policy illustration. Based on my own individual research (I am not an agent), I found that NTUC Income Gro Retire East offers the highest IRR of 4.77% based on my age, gender etc. It's features also works similar like CPF life and have higher interest than CPF SA account (at 4% after you hit 40k). I have been asking agents for other policies but can't find one that matches this IRR.
šŸ‘ 0

Insurance

Looking for a AIA policy that can join the vitality programme at low cost?
JianHao Soo
JianHao Soo
Level 5. Genius
Updated on 07 Jun 2019
I found a very good loophole to become an AIA viatility member without buying expensive plan. Here's how it works: (1) AIA Direct 5 year Term Plan $50k sum assured, no rider, non-smoker, no CI for 25 year old male only cost $46.05 a year, which is $3.83 per month. (2) AIA Vitality cost $5 a month. Each week, if you meet the inidivual weekly target, you will get $5 voucher - Cold storage/Starbucks. Assuming if you meet the target every week, you will get $20, less $8.38, you will earn $11.62. Note that you have to sign up the plan with AIA Customer service directly as there is $0 distribution cost (meaning agent don't earn anything).
šŸ‘ 9

Career

General

SG Budget Babe

What are some factors to consider when looking for a job?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018
Progression and pay increament also matters quite a bit. The skills you learnt and how it can boost your future career matters more for me.
šŸ‘ 0

Investments

How much would I need to start investing in stocks? How much do I have to invest per stock for it to be worth the commission fees/other charges?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018
I'm currently using Maybank Monthly Investment Plan which I signed up during a roadshow promo: $0 comission for 12 months
šŸ‘ 0

Savings

Expenses Tracking

Transportation

Should I buy a car or lease it from companies like Grab Rentals or Lion City Rentals?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018
Buying car will have to consider depreciation expense, financing cost and maintenance cost. Leasing the car allows you to use the car ONLY when you need it.
šŸ‘ 1

Expenses Tracking

Savings

Investments

General

National Service (NS)

Is NS allowance enough?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018
Yup that's true. It's important to make use of other financial instruments such as SSB/Nikko AM& platforms such as roboadivsors to maximise those allowance :)
šŸ‘ 1

Credit Cards

Am I allowed to sign up all the credit cards just to get those cash rewards and then don't use the card?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 19 Sep 2018
Yup. It's a good method to gain all the welcome gifts from the banks as you are their "new customers". Do note that some banks has a requirement of at least 6 months before you can cancel their card.
šŸ‘ 1

DBS

DBS Multiplier Account

Savings Accounts

Should I close my DBS Remix Savings account and link everything to my newly opened DBS Multiplier account?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 16 Sep 2018
Yes, the interest rate in Multiplier is higher
šŸ‘ 1

General

Investments

Any investment book to recommend for beginner with 0 knowledge in investment?
JianHao Soo
JianHao Soo
Level 5. Genius
Answered on 16 Sep 2018
Millionaire Teacher by Andrew Hallem is a very good book :)
šŸ‘ 0
Load more questions
Level 5. Genius
167PointsGoal 250
83 POINTS TO LEVEL UP
Browse Rewards