Junus Eu - Seedly
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Junus Eu

Joined Seedly in Mar 2019, but 10 years into my personal finance journey. Also, don't want to be a unicorn ;)

Junus Eu

About

Joined Seedly in Mar 2019, but 10 years into my personal finance journey. Also, don't want to be a unicorn ;)

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Junus Eu

  • Answers (729)
  • Questions (3)
  • Reviews (3)

Investments

Brokerages

Online Brokerages

Stocks Discussion

Has anyone heard of Tiger Brokers? Saw their advert and seems that their cost of US shares is pretty low, would like to hear what thoughts the community might have?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered 4w ago
Have used it - seems legit. Use this link for stock Vouchers up to S $ 100 + 30-day Commission-free Card + US stock LV2 Quote Card: https://www.tigerbrokers.com.sg/market/sg-invitflow?accountdisplay=global&isInvitee=true&lang=enUS&skin=1&edition=fundamental&invite=TARD0D
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Investments

Stocks Discussion

Promo Codes

Anyone has a Tiger brokers referral code?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered 4w ago
Yes! Use this link for stock Vouchers up to S $ 100 + 30-day Commission-free Card + US stock LV2 Quote Card: https://www.tigerbrokers.com.sg/market/sg-invitflow?accountdisplay=global&isInvitee=true&lang=enUS&skin=1&edition=fundamental&invite=TARD0D
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SeedlyTV S2E08

Giveaways

CPF

[GIVEAWAY] What is your retirement safety net strategy? How are you currently using your CPF?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Updated 4w ago
My retirement safety net strategy might be slightly changed after listening to 4M65! 1. Look to top up CPF SA and MA to the max to enjoy the 4% guaranteed risk-free interest, and for OA to invest in S&P500 as suggested by Mr Loo. 2. Re-consider my property purchase (but I bought rental property 6 years ago, and it gives a decent rental yield. That said, i DO use my CPF to pay for a portion of this investment property.) 3. Frugality - this has been one of my big personal values since I was 20, so I am glad that I have been practicing it in the last decade. There might be more creative ways to be more frugal, which I am currently exploring. 4. My last strategy is to print a big poster of this awesome image and paste it in front of my cupboard to remind me of my goal to be a 4M65 Kungfu Senpai like Mr Loo: !
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Investments

Stocks Discussion

Robo-Advisors

Online Brokerages

ETF

Lifestyle

When did you start investing and why?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 26 May 2020
I opened my trading account and started investing in my very early 20s, because i had only one mantra in my head: COMPOUND INTEREST. That was the single most important concept I had in my mind that motivated me to start saving and investing early. Looking back, it was one of the best decisions I've made, and I only wish I had put in more!
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COVID-19

Lifestyle

Have you been working out more since Circuit Breaker started or have you been more sedentary than ever? And do you exercise outdoors or are your workouts done at home?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 04 May 2020
Interestingly, less, which was not what I expected! I was planning to work on my pull-ups as well, but sadly the outdoor bars are not accessible!
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Giveaways

Seedly

[Mother's Day 2020 Campaign] What is the BEST personal finance lesson your mum taught you and why? Let us know and for one of you, we鈥檒l send a cake your way for your mum this Mother's Day on Sunday!?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Updated on 04 May 2020
The best Personal Finance lesson my mum ingrained in me especially having spent more time with parents during the Circuit Breaker is going to be different from most responses here on saving money: ! From young, my mother has always ingrained in me the value of money. Her concerns around money has also been what guided my principles around thriftiness, investing early and earning more to provide a financial buffer for the family. This included: - Stashing away 50% of monthly income for savings and investment from the first job I had (when I was 18) - Definitely spending below my means - Earning your own keep and not depending on anyone else for finances - Thinking about the family first, before buying things for my personal wants. Sometimes, money spent on loved ones could be more gratifying than spending money on oneself. However, as I spend time with my parents during this Circuit Breaker and seeing them age, I am increasingly drawn to the realization that time spent with them is priceless. Money does not come by easily for most of us, but time is truly the most finite resource. As I think about the sacrifices that my parents have made for my sister and I, I am reminded that in the midst of chasing financial goals, it also makes sense to dedicate some time everyday to appreciate those we love, instead of expressing that gratitude in the unforeseeable future when we have made $x amount of money and now can stop worrying about money. And there is a financial lesson to this. The earlier we hit financial independence, we earlier we can have peace of mind to spend time on what truly matters. It will be a difficult journey especially in current times when job and pay cuts are rife, but in the long run, if we stick to the fundamentals of thrift and investing early, it could turn out good in the end!
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Giveaways

COVID-19

Family

Lifestyle

[COOK-OFF GIVEAWAY] Upload a photo of a meal you've cooked, tell us how much it costs to prepare, why you decided to cook that dish(es) and share one useful cooking tip! Prize and full details below!?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Updated on 26 Apr 2020
In the first instalment of NOOBIE COOKS: ASAM PEDAS! Tangy, spicy, appetizing and best served with rice. P.S. I actually was craving for Mala, but saw the discounted Asam paste and thought, why not? ! How much it costs: - $15 for a full meal for 3! Ingredients: - Assam paste: 2 packets for $3.45 on Fairprice.com.sg (offer ending 1st May 2020) - otherwise usually at $2 per pack #dontsaybojio - Fish tail: $9 from the wet market - Okra and chilli: $2 from supermarket Unpaid advertisement for Fairprice Assam paste which turned out surprisingly good (and saved my noobie cook ass): ! Share why you decided to cook that dish(es) - Because of all the time spent at home with family, I decided to learn to cook one of my favourite dishes from Mum! - Super easy to prepare (you just need to simmer the fish for 10-12min), super satisfying and an SE-Asian alternative to MALA - SUPER YUMMY! #SUPERPEDAS #SUPERSHIOK A useful cooking tip you have: - You can simmer the gravy until it thickens slightly for the optimum flavour. Asam pedas is one of the dishes that tastes better with every mouthful. P/S: Making Asam fish was much easier than I thought, and it's quick to prepare! Family favourite.
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Savings Accounts

Interest Rates

DBS Multiplier Account

OCBC 360 Account

UOB One Account

With the latest changes to the savings account interest rates, what are you doing differently to work around this?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Updated on 02 Apr 2020
Timely question! I was just at the banks today to move some cash around. If you know me, you would know that I have been quite a big fan of high i/r savings accounts for the remaining cash. The accounts that I had were: Citi Maxigain, CIMB and SC BonusSaver 1. First things first, CIMB . CIMB Starsaver and CIMB Fastsaver are two different accounts. One account change that i just made today was to move 100k from my CIMB Starsaver to CIMB Fastsaver. Note that while CIMB Fastsaver advertises up to 1.8% p.a., the true effective blended rate for S$100k is really 1.325% , and post which its 0.6%. First S$50,000 - 1.00% p.a. Next S$25,000 - 1.50% p.a. Next S$25,000 - 1.80% p.a. Above S$100,000 - 0.60% p.a. Pro-tip: If you really really like CIMB so much, you can even open another FastSaver-I ON TOP OF FastSaver, to max out 200k with 1.325%. This was the option given to me by the CIMB banker, but not so interesting for me as I am thinking about other options still. Second, Citibank. I am still contemplating my Citi Maxigain account - which was giving some no-frills interest rates of c.2%. Am speaking to the dedicated banker today - since she said 'might have some ideas for you which may meet what you鈥檙e looking for; maybe something conservative with higher interest.' No idea what that means, but in any case 1.5% is still higher than 1.325%, both for no frills accounts. If anyone has good things to say about Citibank Priority or Citigold, please let me know! Third - Standard Chartered BonusSaver. I have this, but I am not fully maximizing because I dont even have 3 bill payments to make online. Admittedly I need to look more into this. OCBC looks nice, but its the hassle of moving accounts again. Singlife first 10k for 2.5% is nice, but not guaranteed, and only for first $10k.
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Retirement

FIRE Movement

How can you determine when you can FIRE? I know 25x is the general rule, but how foolproof is it?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 26 Mar 2020
I have 25x of my annual expenditures, but I don't really feel its enough. It's not foolproof, and also involves other things like insurance come into play. Also, 25x is enough for me, but not for my family members as a unit (should they not be able to provide for themselves).
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Investments

Stocks Discussion

COVID-19

How long do you think COVID-19 will last? When do you expect the stock markets to recover?
Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 07 Mar 2020
It's hard to tell, given that the level of public health readiness differs greatly by country. Layer that on with the fact that supposedly recovered patients could lapse into a serious condition again, which means they could re-enter society and still be contagious while being asymptomatic. That said, markets always go up in the long term!
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