Joel Sim
Level 3. Wonderkid
‧ 8 upvotes received
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  • Asked by Anonymous

    Joel Sim
    Joel Sim
    Level 3. Wonderkid
    Answered on 27 Dec 2018
    Disagree with Gabriel. That is one thought process and can't be said for all. Some of us actually create a blog to organise our thinking processes towards finances / other important aspects of our daily living. A blog creates a structure on how we categorise certain strategies or our way around it. Most of the finance bloggers actually know each other. We then exchange our different point of views and learn from each other. We sharpen our tools. Though some may use to to monetise, others have a different focus and the monetary aspect is a byproduct of good content and value from thought processes.
  • Asked by Anonymous

    Joel Sim
    Joel Sim
    Level 3. Wonderkid
    Answered on 12 Jul 2018
    This is based on the assumption that the individual not being good at investing or trading strategies. 1. Set aside 3 month’s worth of monthly expenses (not income). As he/ she works and saves more, accumulate it to 6 months. if the individual has a more aggressive profile, he/ she can maintain 3 months‘ of expenses and focus on investing the rest. 2. Credit Salary into DBS Multiplier account for extra interest without any risk. 3. Invest into Singapore Savings Bond. Again, there is no risk unless the government defaults 4. Dollar cost averaging into STI ETF or US Indices tracking ETFs. - I do not recommend robo-investing as individual needs to do proper diligence and research. 5. Save big on food by tapping on apps such as Eatigo, Entertainer and Burpple