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John Smiths

Apprentice-in-training in all matters of personal finance

John Smiths

8Upvotes

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Apprentice-in-training in all matters of personal finance

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John Smiths

8Upvotes
  • Answers (8)
  • Questions (0)
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Investments

Stocks

John Smiths
John Smiths

()

Level 3. Wonderkid
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 3. Wonderkid
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 3. Wonderkid
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 3. Wonderkid
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.

Investments

John Smiths
John Smiths

()

Level 3. Wonderkid
Answered on 21 Apr 2019
It's possible if that person previously held a job with sufficient salary income or earned business income to build up an investment portfolio. With enough skills over time and if you are good, I guess you could earn enough passive income to not have to rely on the salary income from the job or business income. Probably go into full time investing from there. This is not common though.

Insurance

Savings

Career

CPF

Retirement

Lifestyle

Investments

Bank Account

Family

Loans

Property

John Smiths
John Smiths

()

Level 3. Wonderkid
Answered on 19 Apr 2019
If you have no viable skill sets to start a business, your first step is to find a job with a decent salary income. Then learn how to structure and budget for your spending, saving and investing on things like credit cards, bank accounts and expense management. This will allow you to start building up your basic financial skills. Before you even start thinking about how to build passive income such as interest and dividend, you first need active income. Don't think so far ahead about being financially free when you have yet to take the first step. Be patient.

Property

John Smiths
John Smiths

()

Level 3. Wonderkid
Answered on 19 Apr 2019
The eligibility conditions for buying a HDB BTO flat are stated in this website link: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat While you can try appealing to HDB (email [email protected](mailto:[email protected]) or visit your nearest HDB branch directly), it is unlikely they will grant an exception to your case because that would mean opening the floodgates for future similar appeal cases. You are better applying for Singapore PR for the foreigner (F) in the couple if you are planning to get married and go for the HDB BTO flat afterwards. Or build up more cashflow to go down the HDB resale flat route to save yourself the trouble and inconvenience of approaching HDB for an exception appeal that is unlikely to be granted.

Investments

Stashaway

Robo-Advisors

StashAway

John Smiths
John Smiths

()

Level 3. Wonderkid
Answered on 23 Dec 2018
If you started investing with StashAway anytime in the past year, it's likely your account will be in negative returns now. The point of rebalancing is not to prevent negative returns. And it's a bad time to withdraw especially when your account is in negative returns. I reckon you should have a more detailed read of the StashAway website and the various explanations of what you are actually investing in. It sounds like you have little idea of what your robo-advisor account investing is supposed to do!
Level 3. Wonderkid
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