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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

244Upvotes

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

244Upvotes
  • Answers (574)
  • Questions (0)
  • Reviews (6)

Investments

Stocks Discussion

Stocks

The question you need to ask yourself - can you buy into another stock at a fair or cheap valuation and yet has a similar or higher dividend yield together with similar growth potential? Or can you channel the proceeds into a higher-yielding instrument? If not I'd suggest holding on to your current position until something else can be found. Of course, if you feel that the stock is at current highs and unlikely to go further, can liquidate and hold cash first while waiting for a new opportunity. Hope this helps.

Investments

ETF

Securities

PhillipCapital (POEMS)

If you really want to buy into the S&P500, consider using an ETF instead of a unit trust due to lower fees especially if you hold long term. Do consider brokerages like Td Ameritrade or interactive brokers instead of any local brokers as the comm fees charged are very high.

Stocks Discussion

Investments

Savings

I share Cedric's viewpoint on CPF being the 'bond' component of my overall portfolio. I run 2 different portfolios using REITs and business trusts with some margin together with a pure options portfolio. Don't see the need for multi-asset allocation as I'm focused on building the account size to give me the freedom of choice/retirement in the next handful of years

REITs

Investments

A good question to ask yourself is are you overpaying for the stock. REITs are having a strong year so far. Find an entry point when the spread between nav and the current price is low. Another thing is the REIT sector. Are you comfortable with the outlook of the sector your chosen REIT is in? Look out for funky management decisions as well (case in point - OUE). Or is management prudent? Is the REIT DPU stable? Growing over the years? Some basic things to look out for before investing in a REIT. Hope this helps

Investments

Nope, you will still hold on to your shareholdings. Just that you can't exercise your right to vote on the matters in the agenda if you are absent unless you appoint a proxy.

Stocks Discussion

Investments

Entrepreneurship

Retirement

Start off by getting your emergency funds and insurance protection in place before getting into investments. This is to buffer any downsides in case something goes wrong. As for where to start, consider reading up on books like millionaire teacher or rich by retirement. This can give you an idea of how to invest. You may want to look into what sort of risk profile you fit into first to give you an idea of what are the suitable instruments available that fit the risks you take. This can be done on any robo-advisory website I believe, eg StashAway. As to whether paying for an investment course is suitable, you need to identify whether your personality can stomach those risks first. Most courses out there focus on risky instruments. Take your time to learn. Go for those previews to see if what they say makes sense to you. If you want to proceed to find a mentor, does that mentor's personality resonate with you and your goals? What's his track record? How is the community he is building? Is he genuine or just a rah-rah person? Is he approachable to help you or just leaves you in the lurch or delegate's others to assist? I've personally paid for a number of courses over the years and my current mentor's personality and investment philosophy resonates with my end goal. Go for the previews and listen. Ask around and not just the successful students. Find the ones who join but somehow didn't manage to succeed. Ask them why. This will give you a balanced view of the mentor and the course to help you come to a decision. Hope this helps and all the best.

Investments

Stocks Discussion

Savings

You will need access to a broker that allows you to buy stocks from your desired market. Your example of Facebook and Tesla are listed in the US market so you will need a broker that can do this. Not sure if OCBC can do this but even then the transaction fees (comms) will be horrendous. Cheapest examples will be using interactive brokers or Td Ameritrade. I use the latter and comm comes to 5 USD per stock transaction. As a comparison, the local brokers will charge at least 20+ per transaction. Do note that your CDP account will only hold SGX stocks which are not held in a custodian account with your broker. Hope this helps

Credit Card

Miles

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 20 Sep 2019
Have to read the terms and conditions of the cardholder agreement. Based on experience you don't earn points or miles for transactions broken into installments.

Online Brokerages

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 18 Sep 2019
You can open a DBS multicurrency account. This allows you to hold USD and you can decide when to convert to SGD

Savings

CPF

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 18 Sep 2019
You will need to declare your side income to IRAS when filing your income tax. If your company you are working for your day job files for you, you will need to log in to IRAS portal to update with the side income amount. Very likely you will be asked to contribute to your Medisave CPF account after you receive your notice. Hope this helps.
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