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Junior Loh

Passionate money saver. Blogs on strongandfrugal twice a week. Website: https://strongandfrugal.com

Junior Loh

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Passionate money saver. Blogs on strongandfrugal twice a week. Website: https://strongandfrugal.com

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Junior Loh

  • Answers (13)
  • Questions (0)
  • Reviews (0)

Investments

Stocks Discussion

FSM One

Regular Shares Savings Plans (RSS/RSP)

Online Brokerages

What's your thoughts on RSP ETF through FSMOne? Or there are better alternatives?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 3d ago
I personally use RSP ETF through FSMOne. Their main selling point in their low cost and wide variety. I don't think there is other brokers which can beat that. You can read more of my thoughts in my blog post here!
šŸ‘ 1

Savings

COVID-19

Savings Accounts

After the COVID situation, should we relook at our emergency funds to see if 6 months of funds are really enough? Or should we extend our emergency funds to say, one year?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 3d ago
It really depends on person to person. If the person does not have dependents, I think 6 months of expenses are pretty safe. But if you have 1 or 2 dependents, 6 months of income may be better. If you are the breadwinner of the family, probably 12 months of income would be safer.
šŸ‘ 2

Investments

Stocks Discussion

Robo-Advisors

ETF

Online Brokerages

Do you really need a robo-advisor when you are already investing in global ETFs?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 3d ago
No you do not need a robo-advisor. A robo-advisor should purely be there to complement your DIY portfolio. If the robo-advisor invests in a similar industry as what you already do, you are merely increasing your weightage on that industry and mitigating the benefits of diversification.
šŸ‘ 0

Investments

ETF

Online Brokerages

Hello, I plan to invest in US ETF with a DCA of $1500 to $2000 on a quarterly basis. I plan to buy and hold for at least 10-20 years. Which platform will suit my profile the most?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 4d ago
I am not sure whether there are platforms which allow you to use DCA on a quarterly basis. Personally, I use FSMOne and it is done on a monthly basis. I think you might have to go DIY instead of an RSP. So, you can probably look at TD Ameritrade (given your low capital).
šŸ‘ 0

Investments

STI ETF

Online Brokerages

Should I continue my DCA into STI-ETF? I entered abt 2 years ago at ard 3.2, looking at it now, is it still wise?
Junior Loh
Junior Loh
Level 4. Prodigy
Updated 4d ago
What was you initial intention when you started investing in STI ETF? If your intention has changed, you should take a look and see whether STI still fits your goal. If you are influenced by others, that's okay, take a step back, and go do some more research about it. I think it is a decent ETF to get some ownership of the Singapore market. However, the Singapore market really lack capital gains. Seeing that Singapore was greatly hit by COVID, it would take a long while before banks begin to recover. This is due to the loss of jobs and reduced consumer spending so people are less likely to borrow money and more likely to default on their loans. You can read my thoughts on my blog!
šŸ‘ 0

Investments

Regular Shares Savings Plans (RSS/RSP)

NYSE (New York Stock Exchange)

Stocks Discussion

ETF

FSM One

Should I invest in FTEC ETF through the FSM RSP?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 1w ago
This would really depend on your risk taking ability. Although it might seem like the technology sector has been doign well and will be doing well in the near future, it is important to diversify. After all, if something happens that strikes the tech industry (huge malware which infects many computers), it can mark a huge downturn in your portfolio. If you are RSP through FSM, you cannot change much to the dividend handling fees. Outside of diversification, I would say it is a decent ETF, but DYDD! You can read more of my thoughts over at my blog.
šŸ‘ 0

SeedlyTV S2E07

Investments

Savings

Passive Income

How to create a passive income? I am a 19-Year-Old investor aiming to self-pay for my university (SMU ~$66K), after my NS (yet to enlist). Which investment paths should I look at?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 1w ago
Hello! I am also a 19 year old. I am currently in my NS journey! I think the major think you should look at would be to increase your income first. Thinking about a passive income is a great start. Since you have yet to enlist, you can start tutoring (popular and quite lucrative but not "passive"). There are also some other passive incomes you can start such as a small business! Maybe you can sell some second-hand goods, maybe you can sell some handcrafted goods. Then you can build your presence and slowly push your product. I am glad to see my peers being financially woke haha You can read some of my thoughts over at my blog.
šŸ‘ 0

Stocks Discussion

Investments

Value Investing

Online Brokerages

What does it mean to rebalance portfolio? How do i know when to sell stocks to rebalance or should I buy more of other stocks?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 1w ago
Rebalancing a portfolio would require to have a fixed percentage of how your portfolio is allocated in your mind. After that, you will allow your portfolio to grow over a period of time. After some time, you will realise that the portfolio may grow unequally. (In a certain period, stocks may grow more than your bonds) At a fixed time, you will sell some of your stocks (in this case) to buy back some of your bonds so that the percentage of your stocks is rebalanced. Other wise known as rebalancing of your portfolio. You can check out some of my thoughts at my blog!
šŸ‘ 0

Stocks Discussion

Investments

Online Brokerages

Is investing a fixed amount into the same stock once a year (i.e. 1 January of every year) still considered dollar cost averaging ?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 3w ago
Yes it is still considered dollar cost averaging, but it is just in a longer term context.
šŸ‘ 0

Family

Investments

Robo-Advisors

StashAway

Syfe

Kristal.AI

Endowus

AutoWealth

I am thinking to set aside $50 to put into robo-advisors for fun to invest for my mum. Should I do it? Which one should I choose?
Junior Loh
Junior Loh
Level 4. Prodigy
Answered 3w ago
I believe that $50 is really too little for DCA to see much of a difference. The costs would probably be of a greater concern. If you really want to go ahead, I personally use Stashaway and I can attest for its user-friendliness as well as its performance.
šŸ‘ 2
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