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Kenneth Lou

Helping people make smarter financial decisions one step at a time.

Kenneth Lou

Co-founder at Seedly

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Helping people make smarter financial decisions one step at a time.

Credentials

Co-founder at Seedly

Kenneth Lou

Co-founder at Seedly

  • Answers (621)
  • Questions (52)
  • Reviews (28)

Seedly

Healthcare

Lifestyle

COVID-19

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 7h ago
Posted this question on our Seedly Instagram profile as well and recieved pretty good responses there so far! Keep them coming in and hope to see more responses here as well so we can start to move them in the coming week :) !
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👍 2

Property

Undergraduate

Savings

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 2d ago
I think you should focus on the downpayment for the house itself. Personal experience here, within graduation and working for around 1 year, your CPF OA would have enough between two people for around $30-40k for the downpayment for your first BTO home. 10% of total flat value. And this process also takes some time, its only when you are selecting your flat you will need to part with that amount of money. So it is actually very doable just within 1 to 2 years of your working life. In your undergradaute years to be honest I feel it's better to focus on studying and internships to gain strong working experience to maximse your earning potential when you graduate. Cheers mans!
👍 0

Stocks Discussion

SGX

Investments

Travel

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3d ago
Looks abit like a pretty half-hearted effort to raise money from the public. The flipside to this is that the balance will be backed by Temasek. I don't think this really gives confidence to the mass public and retail investors though. Personally would stay away from this investments. "If you want to be a Millionare, start with a Billion and start an airlines company" - Richard Branson, Virgin Airlines Fundamentals of the airlines/aviation industries don't look well in general.. Personally I really hope they survive and I'm confident with the big backing from Temasek, as I have alot Miles which are unredeemed yet and truly, are a top class airline, best service and quality. Let's see!
👍 0

COVID-19

Economics

Lifestyle

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 4d ago
In parliament today, it seems like the government (Minister Heng Swee Kiat) will be taking the stage to announce some packages for the public today. It's a pretty drastic move as there are many problems which are being caused by the current COVID-19 virus. ! My guess would be in TWO parts: I will update this portion once it's out in full with the delivery of the speech later today. Businesses: - Industry focus will be first on the most impacted sectors (F&B, Retail, Hospitality, Travel, MICE events) - Packages with focus on keeping jobs (training rebates, wage credits etc) - Packages to focus on suriving and reducing costs (rental rebates, tax rebates etc) Consumers: - Re-skilling and upskilling during the dowturn - Job support schemes Overall it does look like its going to be a very tough period for the country as we head into a semi-lockdown situation as we currently are in right now.
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👍 2

COVID-19

Economics

Policies

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 6d ago
TL;DR: Basically the US FED (central bank) is doing this to: - Provide liquidity (ie more cash) into the bond markets and ETFs - This is done to stabalise the market and allow trades to happen in the stock market (which is made up of buyers and sellers) - Also referred to 'Buyer of last resort' the US government This is AKA: Quantitative Easing (QE) in a sexier name Quantitative easing, also known as large-scale asset purchases, is a monetary policy whereby a central bank buys predetermined amounts of government bonds or other financial assets in order to add money directly into the economy. ! Imagine this simple food analogy: - You are in a hawker center food court - All the stalls are aggressively selling their fish, meat, veg and rice - However there are not enough people buying - Hence the price goes down - Then suddenly the Hawker landlord starts going to the Cai Png stall to buy up multiple dishes at once - This ensures that the Hawker center can still function and prices don't drop too much Read more: Full article The Federal Reserve on Monday announced a fresh round of stimulus designed to calm markets and buffer the hit to the economy from the coronavirus pandemic. Among other steps, the Fed said it would buy exchange-traded funds that track the corporate bond market, a first for the U.S. central bank. “This will provide much-needed liquidity to the bond market and to ETFs,” said Todd Rosenbluth, head of ETF and mutual fund research at CFRA. Financial markets have been pummeled over the past few weeks. The global oil market has been collapsing just as a virulent pandemic sweeps the world, sapping resources and shutting down economies. Investors across all kinds of markets are racing to “sell everything.”
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👍 4

HDB BTO

Resale HDB

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 6d ago
To own a new HDB: - All applicants and occupiers listed in the flat application do not own other property overseas or locally, and have not disposed of any within the last 30 months - All applicants and occupiers listed in the flat application cannot invest in private residential property from the date of flat application till after the 5-year Minimum Occupation Period (MOP) - You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of those properties/ received 1 CPF Housing Grant thus far
👍 0

COVID-19

Economics

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 6d ago
I saw this really good infographic from DrWealth. You can reference it here. Basically most of the time, it starts like a domino falling, where one sector and vertical falls and creates a big enough impact to a broader economy. If flows something like this: 1. Business lose money (due to COVID-19) 2. They begin to look for ways to cut costs 3. Ultimately one of those methods is to cut labour (jobs) 4. People thus become unemployed and have less to spend (discretionary spending drops) 5. Rinse and repeat from step 1 !
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👍 0

Savings

Singlife Account

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 6d ago
I actually just got my card last week, looks sleek! Havent tried it out entirely yet but what I know it acts like a higher yielding savings account at least for the promotional rate, it looks pretty decent, with a 2.5% p.a
👍 0

General

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 1w ago
This is a very good question which I think is worth answering more in detail with a macro and mirco economics way of looking at this. In the long run, yes I am confident that the Singapore economy will survive given our history in battling recessions and downturns. However along the way in the short run, I do think that many companies will get injured along the way, many will die, and people left jobless as well. As harsh as it sounds: ! "It Is Not the Strongest of the Species that Survives But the Most Adaptable" – Charles Darwin
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👍 0

MileLion

Standard Chartered Visa Infinite X Credit Card

Standard Chartered Rewards+ Credit Card

Credit Cards

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 2w ago
Your points aren’t valid for 3 years; they’re valid for a maximum of 3 years. In other words, when you open an SCB card account, a 3 year countdown timer starts. All the points you earn during that initial 3 year period will expire on the same date, regardless of when they were actually earned.
👍 0
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