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Kenichi Xi

I am Final Fantasy =p

Kenichi Xi

nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

About

I am Final Fantasy =p

Credentials

nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

Kenichi Xi

nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

  • Answers (168)
  • Questions (5)
  • Reviews (0)

Investments

What happens after an accidental short sell?
Kenichi Xi
Kenichi Xi
Level 7. Grand Master
Updated on 12 Dec 2019
The short answer: 1. contact ur broker 2. today is T day and you need to borrow shares by T+2 3. can try to ask the broker to waive the fee which is around $75. 4. to borrow share they might need you to pay by cheque at the counter. 5. there is no fine from SGX as long as the shares are in before T+3 6. do not drag this issue 7. XXXXXX. Please give Time off for this immediate issue.
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Lifestyle

Savings

Did you have a piggy bank when you were younger?
! My Fav Piggy Bank as Beginner Saver. I love to save $1 Gold Coin which tune out a Gong Xi Gong Xi tune. All savings comes from pocket money and eating lesser. Most of my friends buy pen or rubber (flag) for collection but i save to change to $1 gold coin bit by bit. Always Save for a Rainy Day is something i rmr since Primary School. (in fact is raining now) I learn not to be wasteful since young and learn tt money is important for the future. Is Encouraging and sounds like one is Congratulated Each Time a Saving is Deposit in. should really bring this back for young innocent child like me. All this is sweet and growing up phrase requires a POSB account which gives interest rate. The bank account started with a part time job at Mcd and salary is deposited monthly. More Money are tracked and doesnt requires counting to feel Good from the Saving Achievement. A walk to ATM could see the upgraded piggy bank and Achievement. As we progress in life from Education Progress to National Service which introduce us to insurance plans. Saving took a diff turn w Endowment Products and Bank selling Unit Trusts. Most ppl, even me, supports friend ilp, trusted bank w unit trust but we didnt realise uncertainty is heavily involved with the term more "Savings" being mis used. Eg my friend KK biting the bullet and digesting it. Up to today, Good Finanical Blog and Bloggers (maybe me too) and platforms like seedly have give more info on what are Real Savings from High Yield Account to SSB which uphold the true meaning of Savings. For me, since 1. Saving for Gxgx tune 2. Saving for rainy day 3. Saving for bank interest rate 4. Saving for more return thru policy n unit trust 5. Saving with certainty and better projection with CPF, SSB, Dividend Returns 6. Saving to buy income generating Asset 7. Saving for value deals and lifestyle 8. More importantly, Saving to be able to take care of Parents and Grandma TLDR: Saving is the Mother of All Investment and Investment should be income Generating Asset that allows taking care of FAMILY and Active Retirement.
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Investments

General

Savings Accounts

I had recently inherited $14.7 million (after conversion from GBP). I have no parents nor guardian since 1.5 years ago which is why I don't have anyone to talk to when it comes to finances. Any investment advice?
! To play it smart with SDIC, become a privilege/premier/HNW account that allows you to 1. Lounge with wine (be nice like me ya?) 2. collect umbrellas on rainy day =p (ooppss...only if really need, i give many umbrella to elderly le) 3. get special FD rates and for your case you can use the stagger FD rate method that provides you income month after 12months Remember I mentioned SDIC? Each Bank account will secured you a $50k protection so in a way your money will not be defaulted to Zero from the Premier Amount you deposited. In a way, the more bank account you have in SG covered by SDIC, you get a certain amount of protection. Hope my reply helps. If you feel this reply have Quality, please upvote and check other Quality Reply. https://seedly.sg/profile/a-kenichi-xi Thank you.
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Investments

REITs

SeedlyTV S1E05

I have around $40k to invest, should I put most of it into REITS?
1. Which Reits Sector? 2. or Trust mistaken as Reits? 3. Which currency? If the above 3 points is unfamiliar or sounds new to you, $40k is best place in low risk vehicle with higher yield and principal guarantee compare to savings account until you have a retirement planning (not based on insurance products without prejudice).
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Family

Savings

Loans

What should I do when my parents are in debt? Where should I draw the line on this?
1. Stop helping to let them understand the need to get real help. 2. Real help will be credit counseling bcos they have experiences w the worst of them all. If they can do nothing, u can do nothing too. 3. By not being a burden to ur parents is also a gift bcos u r the last line of defence if they really need food on the table daily. 4. If pt 2 or similar solution could not improve the insidious situation, is fated for u to cut off too.
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Investments

Lifestyle

Savings

Retirement

What would your investment strategy be should a recession happen by 2019?
Time in the market vs Timing the market. if you are an income investor, time in the market applies for u most often. if you are an growth investor, timing the market applies more often. who makes the most depends on the market rather then timing.
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Insurance

How do you turn down a friend who is trying to sell you an insurance product?
There are two form of rejection 1. reject n hurting the person feeling 2. reject n not hurting the There are two form of rejection 1. reject n hurting the person feeling 2. reject n not hurting the person feeling for pt 1, u can just reject any ways u like. "Stop Scamming!" for pt 2, shows verbal or physical support, care n concern but be firm tt you couldn't do more with monetary because you have other liability to fulfill. person feeling for pt 1, u can just reject any ways u like. "Stop Scamming!" for pt 2, shows verbal or physical support, care n concern but be firm tt you couldn't more more with monetary because you have other liability to fulfill.
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Lifestyle

How legit are those get-rich passive income E-commerce marketing course we see on youtube and Facebook?
其实 世界上有 三种人 先知先觉 后知后觉 不知不觉 先知先觉The coach knew tt money can come in fast for certain seasons n products. They also knew there are off peak seasons tt drys out profit if any. So they take in students to make money from them and show them the good seasons. 后知后觉 if the HARDWORKING students are heng in some ways, they make money back from the course but with their hard work. The income might not be consistent. Most of the time, they dun make back the course fee and any failure is bcos the HARDWORKING students got problems....not true really. 不知不觉 Lastly, the LAZY student who wanna be spoon feed will confirm lose money bcos their intellectual is not meant to learn but to leech.
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Career

Lifestyle

Should I change my job for a new experience elsewhere or stay in it to get a bonus?
Go for the one that gives more certainty. You need to earn it to enjoy it. Hope my very very very very simple replies help!
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Savings

Am I on the right path in terms of savings?
Am I on the right path? By income, u are on the right track but do u know understand the ILP u r committed to? By savings of $65k, u r doing quite ok after all the expenses so far. By shares in your own company, are u getting it free or u are buying at ur own time on target? Am I spending too much? By life insurance, is your coverage sufficient and at the right price? By ILP, is not just about the commitment but what is ur exit strategy before it become too costly by age? By spending around 30% and saving 70%, the saving track record is good so far. Hope my replies help!
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