John Ong Zhenxi - Seedly
 
John Ong Zhenxi

John Ong Zhenxi's profile is not filled up yet.

John Ong Zhenxi

About

John Ong Zhenxi's profile is not filled up yet.

Credentials

John Ong Zhenxi's credentials are not filled up yet.

John Ong Zhenxi

  • Answers (22)
  • Questions (0)
  • Reviews (0)

Loans

Interest Rates

HDB BTO

Property

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 21 Aug 2019
DBS has one of the best rates, less than 2%. Go google DBS refinance.

Savings

Bank Account

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
Money is currency used to facilitate exchange of goods and services. Imagine last people use to trade 4 carrots for a fish for example. Money just makes trade easier. Money will unlikely be worthless in the future. Because of the power involved. Why would Central Banks want to give up the power and control they have over controlling the currency flow? They will see to it that it do not happen.

Investments

General

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
No one knows. 2 years ago I thought recession will come it 2020. Now I feel bad for the lost oppotunities. So I started buying some stocks recently. I sold some too. I do have some more capital for buying shares if the recession comes though. Percentage wise. 40% in stocks. 30% in OCBC 365. 30% in SSBs currently. So up to 60% can be used to invest if recession comes. Previously it was 25% in stocks only.

General

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Updated on 07 Jun 2019
I will ask the question "why do you need to define your net worth?" to the girl you like? to a institution? Personal KPI? I do not see the purpose and the context is much more valuable than the question being asked here.

Stocks Discussion

Investments

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
Last week I see some analyst reccomend buy. But P/B is high at 2.0. Also the dividends is 1%+ only.

Stocks Discussion

Investments

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
Analyst forecast is abit above neutral. But the price is quite high. Not much value to unlock currently. There are better options.

Investments

Stocks Discussion

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
That is the general trend nowadays. That is why many IPO under subscribed. People who are interested also choose to buy after the price dropped after IPO.

Investment Courses

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Updated on 07 Jun 2019
Common for them to charge more than 2K. If less than 1K it will be a intro/psycho session for you to sign up for those few thousand dollars courses. You will do well to do your own reading up first. If you do not have the interest/ discipline/ aptitude to self learn investing terms and knowledge, it is highly unlikely what you hear in the course will be very useful to you. On the contrary, once you have a certain degree of knowledge you can better decide whether you indeed need more knowledge from the courses. Seedly already have many resources. There is also investopedia. Just google "Singapore investment blogs" too. Finance.sg aggregates many finance/invest websites.

StashAway

Robo-Advisors

Investments

General

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Answered on 07 Jun 2019
Hyphen not needed.

Investments

Savings

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Updated on 07 Jun 2019
25 years old out of university. 5 years to hit 30 years old. Each year need to save 20K. Each month need to save 1,667. If your salary is 3,000. After CPF bring home 2,400. You monthly expense need to keep to 733 dollars. I recall my Uni days I spend around 200 dollars a month including 100 for transport. After work probably still less than 400. Quite easy if you are frugal and single.
Load more questions
Level 4. Prodigy
114PointsGoal 125
11 POINTS TO LEVEL UP
Browse Rewards