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Kenneth Lou

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

Kenneth Lou

Co-founder at Seedly

About

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

Credentials

Co-founder at Seedly

Kenneth Lou

Co-founder at Seedly

  • Answers (524)
  • Questions (40)
  • Reviews (22)

SeedlyTV EP02

Miles

Milelion

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 5d ago
This is a good question, I'm curious on this as well! Because in theory, it does look like people save up quite abit on air tickets (but when the prices of Business and First class and Suites are inflated, the miles values are kind of inflated) Interested to know what other miles experts think of this as well! Because personally, as I'm going deeper into the miles games, I do think that occasionally I come up with ideas on spending (less my fixed wedding expenses which are already scheduled)

Lifestyle

DBS

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 5d ago
Hey! this is important info: - It does not need to be just a one time transaction of $400 - It can be accumulated - However your 3% cashback when you tap to pay using Visa Contactless. - Simply spend a minimum of S$400 on Visa and keep your cash withdrawals to S$400 and below in the same month.

Stocks Discussion

Investments

Insurance

Savings

Family

Retirement

Career

Lifestyle

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 5d ago
Every year people say the market is going to crash... However, it seems to be more of small market corrections and reactions to things which are happening even in 2019: - Brexit - US China Trade War - Hong Kong protests In 2020, I feel that it will be something similar as well, unless there are things which retail investors don't know about. I always feel that retail investors are always the last to know because usually when news comes out, it's already too late. So it doesn't help to speculate, but instead just ride the wave when it comes. I've always been a big fan of these things: - Education and learning about investing (these never go away) - Knowledge to Invest in good underlying undervalued companies or markets will always come handy - Keeping a sizeable warchest while continue to DCA into ETF markets (something I have been doing personally since I've started investing 5 to 6 years ago) Time in market is better than timing the market, but also keep an amount for you to move bigger when people really get scared and market tanks!

AutoWealth

Robo-Advisors

Investments

StashAway

Regular Shares Savings Plans (RSS)

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 5d ago
Hey friend! You look pretty well diversified already locally and overseas, with a good split of bonds/equity. In fact you have a pretty similar breakdown to mine, with the exception that I have also a good amount of stock in local REITs. I will answer your question in a few pointers: - I feel your SSB is a very safe portion which gets you decent interest (but if you dont really need it for the near term, and if SSB gives you max 1.9% in 10 years, you could be better off in a higher yield savings account? - Next if you have 24k cash and you say you only need 14k emergency, then you definitely could consider something which yield more returns with also more risk (and you can DCA into a US ETF) - Lastly, I feel that education may be a good thing to do now, as you can potentially look to invest in individual stock if you want to (when the market turns and more undervalued opportunity potentiall arises) The last point is food for thought! I always believe that while robo-advisors are good, you should also cater 20-30% of your own wealth fund to something more tactical, with more risk/return payoff... for me I'm also doing the same, but with two eyes open! For Diversifying among robo-advisors (eg Stashaway and Autowealth), I dont really know the reasons for that... because underlying funds are almost similar (as in what they invest in on your behalf, only the costs differences are marginally different) Lastly, you can find the referral code for Autowealth by the users here: https://seedly.sg/questions/what-is-your-autowealth-referral-code Hope this still works!

Property

HDB BTO

Family

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 5d ago
Hello! I went through this debate as well with my fianceé. In the end we just kept going for a 4 room flat, and we tried 7 times for BTO before we finally got ours in Ubi Grove, thank goodness. I feel you have to consider these: - In the 5 years MOP (minmum occupancy period), do you plan to have a kid? Because a 3 room would not be enough to have a kid's room and have your parents to come over to stay on some days - The prices of 4 room flat usually appreciate the most compared to a 3 room flat, for resale if you do plan to sell your flat sometime again in the future past the 5 year MOP - How urgently do you need your flat, maybe if you need it more urgently then the odds may be better in your favour if you go with the 3 room flat now! (It's also cheaper also) :) All the best in your selection, i'm guessing you are going for the current BTO one? Either Tengah or AMK!

Shopping

Lifestyle

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 2w ago
Biggest tip, simply head to ShopBack and standby! 1) If you are going to spend bigger, apply for a credit card via a local online comparison site which offers some additional cashback or miles (now would be abit late already) Go for those that are giving free money or rewards for sign up bonus 2) Ensure that you have a list of items that you want to buy and start adding to your shopping cart already to wait, I have done so for the marketplace type products (eg iHerb and Lazada for my christmas gifts) 3) Look for banks promotions for the various shopping sites (eg DBS has some tieups when you use a DBS card) 4) Check regularly on ShopBack for various upsized cashback or promo codes (I added the link below for you, and also the chart of upsized rewards) 5) Follow the shopping sites facebook, instagram and sign up for their email list to be aware of any promotions or discounts 6) Use ShopBack to get cashback from the shopping sites! (the team is working very hard behind the scenes to make sure the shoppers get the best experience) For 2019 here's the hourly schedule: !
Answer image preview

Credit Card

Savings

Bank Account

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 3w ago
This is super interesting. Seems like a pretty interesting option to be honest! The interest rate looks very competitive against other products with no requirements (eg CIMB FastSaver 1% p.a and SCB Jumpstart for people under 27 years old, 2% p.a for first $20k) ! You can find the full details here: https://vividcard.sg/. I personally have not tried it but I am looking at all the details about this account here. TL;DR: Some things to note: - It is by Singapura Finance (legit listed company) - It is SDIC insured for up to $75k - It comes with a Mastercard which functions like a debit card Unlike other savings accounts that offers high interest rate, the Vivid Savings Account do not has multiple conditions to earn the high interest rates or complicated interest tier. ! As for the Vivid Prepaid Mastercard, unlike credit or debit card, there is no minimum income requirement, no annual fees, no monthly bills or late payment penalty charges to worry about. You spend only what is on the card. And unlike conventional card, the Vivid Prepaid Mastercard comes with a dynamic CVC making it safer for online shopping. !
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Savings

Investments

StashAway

Syfe

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
I think you are doing a pretty good job as an NSF to be honest :) You know how to move your money to higher yielding interest savings places, and if you need the money in the near term, eg the next 5 years odd, i suggest this is a pretty good combo right now. What i think you can improve on is knowledge. For your investments (outside of your savings) think of 80% core (which i think you should stick to ETFs) and 20% tactical > and try to move into individual stock counters REITs or blue chips to yield even higher growth.

Investments

Multi Currency Cards

Revolut

YouTrip

Travel Insurance

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
I used YouTrip in both Japan and Taiwan, it was pretty awesome in both countries. Worked flawlessly and gave me really good exchange rates! The best part, was that back then i could link my YouTrip to UBER (in taiwan) i dont know if this is possible now? But that was only 3 months back! (in July 2019)

Stocks Discussion

Investments

ETF

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
I saw the 2800 HK tracker fund as well, seems to contain some pretty interesting mix of companies which make up this ETF. Including, HSBC, Tencent, ICBC, BOC, etc. Similar to SG STI ETF, it is heavily weighted towards financials, something to be very mindful of!
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