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Jonathan Chia Guangrong

IMPossible X Investor. JCG Fund. Case Manager. Treasury X. REIT builder. Closet audiophile. ISFJ

Jonathan Chia Guangrong

Fund Manager at JCG Fund

221Upvotes

About

IMPossible X Investor. JCG Fund. Case Manager. Treasury X. REIT builder. Closet audiophile. ISFJ

Credentials

Fund Manager at JCG Fund

Jonathan Chia Guangrong

Fund Manager at JCG Fund

221Upvotes
  • Answers (543)
  • Questions (0)
  • Reviews (6)

Investments

REITs

To buy reits or any other counter listed on sgx you will need to go through a broker like dbs vickers. The shares will be deposited in your cdp provided your account with the broker is a non custodian one

Investments

Lifestyle

Savings

Stocks Discussion

Unfortunately the reit market have rallied quite a bit since the beginning of the year especially the good ones. Each person may have a preference towards a specific sector. Not sure what is yours. You may want to find a sector then look at the list of reits that focus in this. Look at each reit's model and past performance. Are dividends stable or increasing? Or is it taking a beating due to management decisions? Look at oue as a case in point. Once you find a reit then look at each reit's nav and current price. Find a point where the current price is below the nav ideally. If not possible find the point where the spread between nav and price is at lowest and enter at this point. Hope this helps

Investments

Look at the net gain or loss versus the amount you contributed. In this case there is a gain of $345.61 over the contributed amount of $7,800. Returns is about 4.43% since October 2018. Not exactly fantastic since unit trusts do have a lot of fees involved... Do take note that fees are payable regardless of fund performance

DBS

DBS Multi Currency Account

How it works is that you can convert into any one of the listed currencies at anytime from sgd. You can then use the converted currency via the debit card. Hope this helps

Finance Savvy

Those who work in the finance sector may not be more financial literate that those who are working outside the industry. It boils down to how much one wants to invest in one's own financial knowledge. Personally I feel that having financial literacy helps in making better decisions which will impact how one journeys in life. Of cos having the right opportunities will factor as well. Hope this helps a bit at least.

CPF

Investments

Online Brokerages

Brokerages

Any of the traditional local brokers will allow you to use your CPF funds (provided you meet the minimum threshold for investment) to buy into the Etfs. You just need to link up your CPFIS account with the broker. I used my account at Lim and Tan previously to buy some shares previously on sgx. I believe brokers like dbs vickers and Maybank ke will allow the same.

Stocks Discussion

Investments

Not really possible. Unless you know the owner and they are willing to allow you to view them.

Investments

Property

Lifestyle

If you want to buy books, buy from book depository or amazon. They are cheaper as compared to kino. Only buy books from kino if they are locally published. If you are new to investing, best to pick up the basics first instead of diving into topics like value investing or options. As Gabriel suggested, millionaire teacher is a great book. I'll also suggest rich by retirement which can be found only on amazon but is written in our local context. If you want to go into options, I'll suggest you pay for a mentor to guide you and not rely on books. 1. You shortcut the entire learning process and have someone correct your mistakes immediately. No waste of time. 2. You gain immediate access to a proven system that works. 3. You will usually get access to discounted comm structure with a broker. Personally I learned options from my mentor a few years ago and supplemented with a few books I bought. Most of what is found in those books can be found online. And most won't teach you a system you can immediately use to generate returns. Hope this helps.

Investments

Savings

Lifestyle

Sorry to burst your bubble but it is quite unrealistic to think that your portfolio can more than double in value in less than 5 months. Unless a strong bull run occurs for the positions you are vested. As the others have suggested, you may wish to look into a side hustle to gain some income. If you want to achieve your goal then some sacrifices will have to be made. Excluding your school work of cos; that should still be your main priority. It's great that you have already started on your investment journey at your age. You are still young and have time on your side. If you really can't spare the time to find and work on a side hustle, then use it instead to research into investing. This is to prep yourself when your warchest is ready to be deployed. All the best.

Cryptocurrency

Investments

Don't "invest" in something you do not understand. There have been a number of scams surrounding crypto in general, with many ICOs being duds. I've been through some myself, and lost some bit of money. If you really want to enter into bitcoin, trade it actively and don't hold it. Find a platform that gives you good buy and sell signals and go from there.
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