Joey Gaeth - Seedly
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21, law&economics undergrad currently studying in the uk. Girl with big dreams.

Joey Gaeth

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21, law&economics undergrad currently studying in the uk. Girl with big dreams.

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Joey Gaeth

  • Answers (13)
  • Questions (2)
  • Reviews (5)

Fresh Graduates

SeedlyTV S2E10

Career

Do employers prefer local university grads as compared to private university grads (eg: SIM/Kaplan)? What can private university grads do to increase their chances of employment?
JG
Joey Gaeth
Level 4. Prodigy
Answered 2w ago
Saw another question posted here that can give u some idea of private VS local uni. Yes, and no actually. If there's an employer who prefer local grads, I believe there's also an employer who prefer private grads, just like the gender preference issue. I'm not sure for private unis (like sim/kaplan) have compulsory internship placement as part of your degree course, but if there isn't, you can be proactive and apply for internships during your summer/winter break. Also, it'll be good to have an overseas exchange ora summer abroad to gain some cultural exposure on different education systems. And you can also take other skills upgrading courses, or learn a new language as well. Anything that makes you stand out from the rest. All the best!
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SeedlyTV S2E10

COVID-19

Fresh Graduates

I am an ITE graduate from the class of 2020. Will it be difficult for me to find a decent-paying (at least $2.5k) job during this period since even university graduates are struggling?
JG
Joey Gaeth
Level 4. Prodigy
Answered 2w ago
Unfortunately, yes it may be difficult for you to find a $2.5k job if you're job-hunting currently and not find a job yet. However, it is also possible for you to find one that meets such pay. It'll largely depend on which industry you're working in, and also your position in the company. I've a friend who came ITE Nursing and was able to get a nursing job in the hospital IMMEDIATELY with a pay arnd $2.1k as she upgraded herself, took courses to become a registered nurse. Coming from ITE, surely your starting pay will DEFINITELY not be a degree-level pay, but if you have good internships or working experience and have built good connections throughout your studies, whilst gaining skills and uptaking courses, there's always hope, you just have to fight for it and apply as many as you can, like everyone else. Even in a meritocratic system, down 10years, it does not matter whether you graduated from ITE/Poly/Local U/Overseas U. Surely, your STARTING will be different, some people more priviledged than others. But if u keep on improving youself and your employer gives you yearly increment, you can catch up. Afterall, if a uni grad slacks and remain at the company for years with no promotion, that's also better to nowhere. In other words, JUST KEEP APPLYING TO ALL THE JOBS APPLICABLE TO YOU and even if the job portal on the company website is closed/not hiring, you can always email your CV to the HR department (Have a uni friend who emailed cpf board as an assistant and got in). NEVER ask your salary during job application emails or the first interview, until you got an offer and then negotiate. Hope all the best to you!
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Fresh Graduates

Salary

Savings

Investments

I am a 28yo fresh grad starting my first job. I will have 4k base with 2k extra monthly bonus for 2yrs (will drop back to 4k after 2 yrs). How can I leverage on the extra 2k bonus before it stops?
JG
Joey Gaeth
Level 4. Prodigy
Answered 3w ago
I suggest investing in us/china stocks and sg reits for capital and dividend gains. respectively. If you're financially competent, you can diy your own stock portfolio or u can DCA monthly into robo-advisors like Stashaway for global exposure or Syfe 100%Reit+ for local. However, u should know that you are not exactly enjoying "leveraging on this extra monthly bonus". The trap is that while u start your first job with a guaranteed extra2k/mth, after 2 years, it DROPS BACK TO 4k. Meaning: 1) While people enjoy career progression moving up the status ladder and having a higher pay/better bonuses year by year, you are stuck AT THE SAME LEVEL as when u first enter as a fresh grad. 2) After 2 years, you'd be 30yo. Maximise your time these 2 years gaining as many skillsets and connections with people as you can. When a better job opportunity comes to you later, you can still have the ability to switch jobs and negotiate for a better pay/package. 3) Also, during your HR negotiation on salary, why was it that the bonuses are 2 years only and your salary remains stagnant?
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Kristal.AI

Robo-Advisors

ETF

FIRE Movement

Investments

I would like to begin my ETF investing journey and stay for the long haul. I came across Kristal.AI and saw that they do not charge fees for the first 25 trades below $50k. Are they a good platform to use?
JG
Joey Gaeth
Level 4. Prodigy
Answered 4w ago
Hi anon! Firstly, it's good that you're looking in the long run. It is true that kristal doesn't charge fees for the first 25 trades below $50k, so if u DCA once monthly, you won't have to pay management fees. However, i'm using kristal too, and have realised that forex rates are not good and u will always have to pay 2% higher than the unit NAV due to price fluctuations because kristal process and buy stocks in 2-3 business days. If you are looking into just ONE ETF and will not be affected by short term fluctuations and dca monthly consistently, i'd recommend u open an overseas brokerage (ig/td) or saxo instead to save on currency conversion fees and forex fees! Because in the long run, you'll realised how much al these fees can add up!! Also, robos are mostly used for beginner investors or those without the time to study the market, as most robos are diversified.
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Investments

Robo-Advisors

Syfe

Fresh Graduates

DBS Vickers Securities

Online Brokerages

I am a fresh grad with around $5k in savings. Where can I start to invest? Should I go for roboadvisors like Syfe or RSP or Vickers?
JG
Joey Gaeth
Level 4. Prodigy
Answered 4w ago
I'd suggest you start off with DCA monthly into some robos, Stashaway for global exposure and income growth, or Syfe 100%Reit for dividend gains. But do take not that commission for Stashaway is 0.8% and Syfe is 0.65%, based on your $5k. Firstly, $5k is not a lot of money and might not be worth doing a lump sum investment, esp into US big tech stocks. For eg, an amazon stock price is currently valued at US$2528 which means with your $5k, u can only buy 2 shares at most. So to save on currency conversion fees, platform fees and dividend withholding, i'll say the best for u is to start off with local stocks. You can create a CDP account and use DBS Vickers as your brokerage. It has the lowest commission fee (but only for buying) of $10 and your stocks go directly into your CDP. You can sell your stocks by linking your CDP to FSMOne. Selling fee is $10 too.
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Career

Fresh Graduates

Education

Salary

Lifestyle

I'm 22 & part of the 2020 grad class. I was just offered a job in one of the Big4 Investment Banks under AM with salary at gross $8.6k. Is that too little? Or are girls usually paid lesser than guys?
JG
Joey Gaeth
Level 4. Prodigy
Answered on 10 Jun 2020
Go for the offer you have now. I think this is one opportunity that doesn't come to a lot of fresh grads this year. Firstly, fresh grads are having problems finding jobs, so the fact that you're offered one from the Big 4 investment banks suggest you have something more valuable to the company compared to the rest. Take the offer, and slowly build your way up. You're 22, which means you're still very young. You still have lots of time for career progression, which i don't think u need to be particulary worried about now. Also, whether your starting pay is $8.6k or $9k per month, you shouldn't be too bothered by it. Analysts at investment banks generally see increment in pay every year with benefits. Moreover that's a high salary to hold for a female 22yo fresh grad! I think you should ask yourself whether that company's environment and culture is a workplace you want to be in, as most starting investment analysts spent over 15hours a day in the bank. All the best in your career.
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ETF

STI ETF

Payments

Dividends

Investments

I've been reading many articles regarding why STI ETFs are great for beginners who wish to start their investing journey until I chanced upon this article recently. What are your thoughts?
JG
Joey Gaeth
Level 4. Prodigy
Answered on 09 Jun 2020
Surely, the STI is under-performing the world markets. And certain components of the STI, for eg SIA/SATS/GentingSing/ComfortDelGro, have been significantly affected by covid, and it's up to your belief whether u think they'll rise up to the prices they were at back in Feb 2020. I'd say, if u want to invest in sg stocks, go with dividend gains, and invest in REITs. Some REITs especially, have seen stock prices shooting up since 23March. Look at Mapletree Industrial Tr for eg and how large its trade voume and stock prices have been, it is going to enter the STI etf this 22nd June. If you feel unsafe to DIY reit individually due to this volatile&uncertain economy right now, go for Lion-Phillip S-REIT ETF, the only Singapore focused REIT ETF. Instead of STI ETF, it's better to go for the S&P500 ETF (SPY/IVV/VOO). Or if you're looking at significant income growth, can consider QQQ ETF, if u belive the FAANG(+msft) stocks will continue going higher.
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Investments

Regular Shares Savings Plans (RSS/RSP)

Robo-Advisors

ETF

Online Brokerages

I'm currently starting passive investing and have about 720 a month to do DCA. How do I spread out my DCA into the respective RSPs and Roboadvisors?
JG
Joey Gaeth
Level 4. Prodigy
Answered on 09 Jun 2020
Hi, with $720/mth, i'd say keep up with the $150/mth into your Stashaway 36% & 22% portfolios respectively. With the remaining $400, invest in SG Reits for dividend gains, as i think the Stashaway portfolios are good enough for income growth. Since you do not have much capital to invest each month, i'd try not to diversify too much, as to take note of management fees and other costs. I'd say forgo the sti etf because it has fell too much and i do not see it going back up to its price in Feb2020. Of course, that. is up to. your own investment belief. Also, some companies that are in the STI, such as SIA, SATS, Genting Sing, all these significantly affected by covid, ask if u believe it will increase back to its Feb value price? If not, REITs will be your safe bet. You can try Syfe REIT+ for reits dca.
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Robo-Advisors

Promo Codes

Syfe

Investments

Anybody mind sharing their syfe referral code?
JG
Joey Gaeth
Level 4. Prodigy
Answered on 08 Jun 2020
Here's my referral code: SRPR89TWH :) We'll both enjoy $10 bonus when you invest $500 or more; $50 bonus for $10k or more; $100 for $20k or more, for your first deposit!
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Robo-Advisors

Investments

Undergraduate

Savings

Would Stashaway or Kristal.AI be better for a Final Year Uni student with about $5k to $10k to invest? Would lump sum or monthly contribution be better?
JG
Joey Gaeth
Level 4. Prodigy
Answered on 08 Jun 2020
Hi, i'm also starting my final year of uni this Aug. I've used both Stashaway and Kristal.AI so here are my 2cents worth. Firstly, for Stashaway, it's pretty clean & easy, deposit your money and then they'll do the rest. SA will use all the funds and buy fractional shares. I prefer this method so i can put any odd sum of money (eg $515) and it'll all be invested. Just to note, during the month of March when stocks were plunging badly, i DCA $50 weekly all up to 3rd week April. Now, i'm sitting on almost +9.60% return (SGD). SA did re-optimse and sold some US stocks, such as the S&P500 IVV and VGK. Invested into China's KWEB and BNDX instead. Secondly, for Kristal.AI, a good thing it has over Stashaway is that YOU CAN CHOOSE whatever ETFs u want to invest in. Personally, i used it for QQQ (also sitting on +ve return; created acct in March). Only big downside i feel is that they use the unit NAV and u must deposit min 1 unit. So if u have $5k and assume you want to DCA monthly $500 into Kristal, u will only be able to invest 2units, using the unit NAV price of US$239.69. Personally, if u have $10k, i'd recommend u can try invest 5k into Stashaway and 5k into Kristal, DCA monthly $800, and then see how it works for you the next 6 months. Meanwhile, u can read up on more investing books/financial blogs, gain some financial knowledge and create a CDP account so u can DIY your own SG stocks, or an overseas brokerage (IG, TD) for US/HK stocks. Hope it helps!
šŸ‘ 6
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