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John Smiths

Apprentice-in-training in all matters of personal finance

John Smiths

Tax at Local bank in Singapore

About

Apprentice-in-training in all matters of personal finance

Credentials

Tax at Local bank in Singapore

John Smiths

Tax at Local bank in Singapore

  • Answers (14)
  • Questions (0)
  • Reviews (9)

Investments

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
It's good that you have started investing so early and based on the responses below, it seems like you have already done something with your budgeted savings. Great work! It's time to move on. You are entering NS next year. NS pay is low. The higher paying command vocations suck up all of your free time. The lower paying vocations give you a lot of free time. Try to utilise your NS time to build your active income. Think about the course you are going to study after NS, what job you want to work in, what business you want to start, etc. Essentially, focus your time, energy and effort on how to increase your active income first. Don't be so hung up on how to invest. You don't have much savings to work with anyway. Increase it first!

SeedlyTV EP04

Robo-Advisors

Smartly

MoneyOwl

StashAway

AutoWealth

Endowus

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
Our feedback on the robo-advisors that we have accounts with would be the most useful because we are actually users of the interface as investors. The first part of your question - "Apart from your own", is an exclusion that serves no purpose other than to confuse people trying to answer your question. Just stick to the second part of your question on which Robo-Advisor do we prefer and why. It's more useful to you. I like StashAway the most because of its ever-improving user interface, consistent customer engagement, varied ETFs selection and higher returns along with the higher risk. But I have a soft spot for Smartly because while it's not as good in every aspect, it gives me a certain number of days of management fee waiver every month for investing regularly.

SeedlyTV EP04

Smartly

StashAway

AutoWealth

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
I can see why no one answered your question but I will do you a favour. Read up on what robo-advisors are and do first. Once you work that out, you will understand why the likelihood of StashAway, AutoWealth and Smartly introducing dividend stocks as a new portfolio option is very low.

StashAway

Investments

FIRE Movement

Robo-Advisors

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
14% risk level seems to suggest a moderate risk appetite and this is for the portfolio you are currently building. If you want to build a higher risk appetite portfolio at 36% risk level, why not start with the $100/month to it now (and keep the other $100/month to the current moderate risk appetite portfolio)? Just so that it can start building now. Rather than wait until it hits $4K before you do that balancing event. It's not creating more risk or fees that you should worry about. It's the fact that you will have to wait for about 6 months before you can take this action. Who knows what can happen in the next 6 months. Unless you are taking a position that the equity markets might drop significantly during this period of time and you only want to increase your equities exposure by setting up the higher risk appetite portfolio then.

SeedlyTV EP03

Savings

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
I'm about to become a parent. Before the baby arrives, my savings rate increased because while there are maternity expenses going up, my entertainment and travel expenses went down. I reckon my savings rate will go down after the baby arrives since baby expenses will go up much more then the maternity expenses going down.

Investments

Savings

Bank Account

Regular Shares Savings Plans (RSS)

DBS

Standard Chartered

CIMB

John Smiths
John Smiths
Level 4. Prodigy
Answered 3w ago
POSB Invest-Saver at $100/month is investing but SCB Jumpstart/CIMB FastSaver at $100/month is saving. It's not a matter of which is better. It's a matter of what are you trying to achieve - increase your investments or savings? If you cannot work out the difference, I recommend you put the $100/month into SCB Jumpstart/CIMB FastSaver as savings until you are ready to invest.

Investments

Stocks

John Smiths
John Smiths
Level 4. Prodigy
Answered on 29 Apr 2019
Yes, the overall costs of DCA can be higher than buying as a lump sum due to the transaction fees incurred. DCA is a way of not timing the market when you are investing i.e. increase the equities exposure in your portfolio in a gradual and consistent manner. If you are good at market timing with your investing, you can always choose not to DCA.

Investments

Career

John Smiths
John Smiths
Level 4. Prodigy
Answered on 27 Apr 2019
If you are a fresh graduate without a job, find one that pays you a decent salary income or start a business that is profitable. Both are difficult to do as it is before you even start investing. If you already have a job and are thinking of investing existing savings, as a beginner, start with ETFs. Until you learn enough to do high dividend stock-picking.

Career

General

John Smiths
John Smiths
Level 4. Prodigy
Answered on 27 Apr 2019
If you are an introvert, going through LinkedIn to find such people to approach might be a big step and not the best option for you. At your own workplace, start talking to your colleagues more and find out about industry events that they attend. Or ask them to introduce you to such people if they know of any.

Retirement

Investments

John Smiths
John Smiths
Level 4. Prodigy
Answered on 23 Apr 2019
Find a job that pays a decent salary income or start a business that is profitable and provides you with income. With little to no savings, you shouldn't be focused on investing.
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Level 4. Prodigy
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