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Kdz

"No One"

Kdz

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"No One"

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Kdz

  • Answers (16)
  • Questions (0)
  • Reviews (2)

Savings Accounts

Savings

Investments

Insurance

Is there any intermediate bond or long term bond in Singapore ? and how to buy?
Kdz
Kdz
Level 4. Prodigy
Answered on 04 Apr 2020
Hey Anon, You may want to consider finding out more on SGX: MBH or Singapore Government Securities bonds. Links for indicative holdings & further information: https://www.nikkoam.com.sg/etf/sgd-investment-grade-corp-bond https://www.mas.gov.sg/bonds-and-bills/Singapore-Government-Bonds-Information-for-Individuals BW.
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Investments

Stocks Discussion

How to invest in Commodities?
Kdz
Kdz
Level 4. Prodigy
Answered on 04 Apr 2020
Hey Anon, You may want to find out more about SGX: O32 if you are looking at local market. Best wishes.
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Savings

Savings Accounts

What's the best savings account to put a million dollars?
Kdz
Kdz
Level 4. Prodigy
Answered on 04 Apr 2020
Hey Anon, I'm aware of an ongoing promotion for Mar-Apr. However I am not sure if they will change the rates, but you may want to check it out. Also was notified that their branches will be closed from 9th onwards for the circuit breaker. https://www.maybankprivatewealth.com/sg/en/solutions/prestige-savings-account.html Best wishes.
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Investments

Stocks Discussion

DBS Vickers Securities

DBS

REITs

SAXO Capital Markets

How do I pay for the stocks that are held on my DBS Vickers? Help guys! I do not want to lose my shares hahaha, any advice for me?
Kdz
Kdz
Level 4. Prodigy
Answered on 27 Mar 2020
Hey there. Encountered somewhat similar to you and I know how you feel with the limited information out there. Just make sure that you have sufficient money in your linked vickers account-usually it's multi-currency account. Ensure that it is in the right currency as per when you purchase SGD/HKD/USD. You can also call them during office hours at 6327 2288 after some verification they can locate your purchase and advice accordingly. Also I think it might take a couple more days after the deduction before it will be reflected in your CDP. Hope this helps.
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Lifestyle

Savings

Payments

Savings Accounts

Where to withdraw new money in Singapore for Chinese New Year?
Kdz
Kdz
Level 4. Prodigy
Updated on 15 Jan 2020
Hi Anon, This info is probably for next year onwards or maybe this year Hari Raya as it's fully redeemed. Anyway check out maybank's new UI/UX while you are at it. Maybank Fortune Bundles: click for link " - Each customer is limited to one order of up to two Fortune Bundles only. - Each Fortune Bundle comprises 30 pieces of S$10 and 100 pieces of S$2 notes. - Your account will be debited immediately upon confirmation of transaction. - Due to the limited supply of our Fortune Bundle(s), the order fulfilment is on a first-come, first-served basis. The online service will cease once stocks run out. - Fortune Bundle(s) can only be collected from the Collection Branch indicated on the printout of the Order Status. - Collect your Fortune Bundle(s) from your preferred Branch from 13 to 24 January 2020^ with your NRIC and a printed copy of the order confirmation page." Separately not sure if Hong Leong Finance or Singapura Finance Ltd etc. have it for thier customers or if you have atm5 bank account you can try those "non-mainstream" atms: SBI, BOC, HSBC etc. BW.
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Savings

Lifestyle

SG Budget Babe

Savings Accounts

Do you guys linked your bank account with seedly apps?
Kdz
Kdz
Level 4. Prodigy
Answered on 08 Dec 2019
Hi Anon, Firstly, I am not part of seedly nor have I receive any benefit from them. So here’s my thoughst: I believe that the seedly application can be helpful to individual who are new in managing their personal finance. It’s like a one stop application to view and manage your finances. In terms of security I believe like many tech start-up it’s their primary priority you can find an overview of their efforts here , the co-founder also mentioned it in his interview here. If you are really concern you can read their privacy statement here or their terms & subscription agreement here. They also seems to provide updates when there are any security changes. However, you still need to do your due diligence and decide- like how you would when you use all other services online. I would say give it a try using your small accounts first then make your own evaluation to continue or close. Best wishes.
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Investments

What are the fees charged when trading on DBS Vickers?
Kdz
Kdz
Level 4. Prodigy
Updated on 04 Dec 2019
Hi, Below is an example of a buy order on Vickers: ! Let’s break it down: 1. Total contract value (TCV): How much your stock cost (number of stocks X your bid value) 2. Commission: For the bank. “for administrative etc.” 3. Clearing fee: TCV X 0.0325% (mainly for CDP “to help you transfer and hold your stocks after”) 4. SGX Trading fee: TCV X 0.0075% (for SGX services) 5. GST: 7% Total commission & fees: point 2-5 Indicative total: point 1-5. Others: Do note that this is for cash up front. If you bid through cash, it’s a little costlier. Fees may change overtime. As rumours has it, clearing fees may be reviewed in 2020. Suggest that you to calculate the total commission & fees % to see if its worth your bid. For further details on fees you can read here: https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore/ For discussion on what is cash upfront vs cash you can read here: https://seedly.sg/questions/what-is-the-difference-between-dbs-vickers-cash-account-online-and-cash-upfront-account For selling its similar depend on your option maybe others can pitch in. Hope this helps. Disclaimer: Please perform your own appropriate due diligence
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Investments

ETF

Bonds

Stocks Discussion

What would be a good Bond ETF choice for my investment portfolio?
Kdz
Kdz
Level 4. Prodigy
Updated on 29 Oct 2019
Hi Anon. Below is a screenshot on the list of bond ETF on SGX that you can consider. You can click on the ETF screener and do a similar search. Thereafter you may want to click on their respective documents to find out more eg. what the ETF constitute etc. I think most were just updated in September. ABF & XT are generally a "basket" of government-related bonds. Nikko IG generally consists of corporate bonds like LTA, DBS, Temasek etc. that are usually not offered to retail investors. You can also consider SGS bonds or T-Bills but they are not that "liquid". Recent SSB rates are not that attractive but it does offer some flexibility. Do take note of the different fees etc. for each transaction and each ETFs (usually at the bottom of the product highlight sheet). ! Please do your due diligence.
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Lifestyle

Expenses

How much should I give for a Malay wedding?
Kdz
Kdz
Level 4. Prodigy
Answered on 27 Oct 2019
Usually up to you, based on your means, relationship with the couple and sometimes location/food varieties/decorations. Generally like Hariz said $50-$100. Otherwise, you can look up at the hotel's or country club's halal menu/table course rate as a reference, usually $100 upwards. You can pass the packet to the couple parents or to those taking care of the "main desk" when you head out of the venue.
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Retirement

Savings

Stocks Discussion

CPF

Insurance

What other avenues would you explore if you already have the basics?
Kdz
Kdz
Level 4. Prodigy
Updated on 03 Oct 2019
Hi Adam, Seems like you had it well planned. I am going to adopt from Seedly Money Framework . - Firstly, you may want to review your finances (income, expenses, debts etc.) to see how much buffer / investable money you have. - Next start learning one asset class. If you are not sure what asset there are you can read the different types here. Personally I would suggest you try and familiarise with EIP ETFs, retail bonds (read/ study past offering documents) or blue chips stocks. - Then look at how you can diversify your portfolio in terms of asset classes and the country/region eg. EIP ETFs do offer some exposure to the Asia Pacific, EU, NA countries. - Then you may consider other classes eg. REITS, penny stocks etc. You may also wish to find out more from the Seedly Personal Finance Festival Highlights for some tips. - Apart from investing you may also want to consider omptimizing your CPF accounts if you are local, personally I try to top up my family Medisave accounts when I can. Importantly- please do your due diligence. Best wishes.
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