Kenneth Lou
Co-founder at Seedly
742 upvotes received
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Helping people make smarter financial decisions one step at a time.
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Co-founder at Seedly
Finance at NUS Business
  • Answers (310)

  • Questions (28)

  • Reviews (13)

  • Topics (13)

  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 6h ago
    I'm going to quote Siti Putri on this as I find she has really thought this through... her full answer can be found here "I recall for pre, I just do and buy whatever I want especially since I am already disciplined and relatively savvy in my own savings and investments. We believe in equality, so before marriage all the expenses during our co-habit for 3 years prior marriage were split equally. But for post, we somehow adjusted. We talk things out first for big tickets items. Somehow, I am the CFO, Planner and Secretary for us, so I am in charge of all these things. But only because there is a level of trust and I am better at it. I think you can consider each other’s strength and weaknesses to decide such roles. I believe in own financial planning for self and as a couple. There are some savings and investments that are in my own name and decision. But I also set aside a joint savings account, joint investment trading account and shared properties investments. I also ‘helped’ my hubby to invest his own money by offering my analysis but the call is his to decide. The next important thing is life goal direction. Especially if you got to know your fiancé from school days, are there any changes. For example one is career minded in rat race vs the other bochap take things with the flow. One wants to FI early so really work hard to save and invest; meanwhile the other spend money anyhow. I think my case is unique as my hubby is Financially Independent early retirement. But i am working towards it for myself. This makes my investing on behalf even more challenging because of different objectives. I am about growing wealth and he is about preservation."
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 1d ago
    I have one really good one haha. BAN KOK CLINIC at Potong Pasir. But it's always really packed and this guy is retiring soon... So you should call before going down. He charges flat rate of $100 or $110 and it is pretty comprehensive from PATHLAB. I've been going to him for the past 5 years.
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 2d ago
    I think these miles card would be the top 3: However please read the reviews! - CITI premier miles: https://seedly.sg/reviews/credit-cards/citi-premiermiles-miles - AMEX Krisflyer miles: https://seedly.sg/reviews/credit-cards/american-express-krisflyer-miles - DBS Altitute miles: https://seedly.sg/reviews/credit-cards/dbs-altitude-visa-miles
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 3d ago
    I believe you can only get income tax relief if you actually use cash to top up your CPF SA! and the limit is up to $14k for personal and $7k for a family member
  • Asked by You Hock Tan

    Kenneth Lou
    Kenneth Lou
    310 Answers, 742 Upvotes
    Answered 3d ago
    Hi You Hock, nope this is not possible... at least to my knowledge. You can transfer: 1) From OA to SA 2) From Cash to SA However, would be interested to know what others think about this problem as well. And what other work arounds there are for this situation.
  • Asked by Lawrence J Nesado

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 2w ago
    Hey there Lawrence! Your question seems abit broad :) But I would suggest using this to calculate on your own. There are mainly two types of accounts: 1) Hurdle accounts (you have to credit salary, spend on their cards etc) Best here would be OCBC360 or DBS Multiplier or UOB ONE The difference between the 3 local banks are marginal... 2) Non-hurdle accounts Best here would be CIMB 1% p.a The savings account calculator would be here: https://seedly.sg/tools/savings-account-calculator
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 2w ago
    The truth is that the markets are really not in the best shape now and pretty volatile (as seen in the recent swings). And in fact, I would not advise to pull out at the 5% loss (i'm also in a similar position acutally)!. I would instead hold my position, and even put in more when the market goes even lower. (for Robos with US ETFs) Unless you need that $8k urgently? Then it would be a different story. But if you are in this for the longer game 10 years to 15 years, I would suggest leaving it there and letting it recover. On my side, I also have a large part of my portfolio in S-REITS and the STI ETF. So I believe that overall, it's pretty diversified (like you). Just got to ride out this wave and also pick up some good undervalued stocks along the way.
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 3w ago
    To be honest! I think these dudes and ladies are the 'White Knights' in this industry. Most of the content that they create - mostly charts and words will be highly useful and effective in helping most Singaporeans plan for their future. Financial bloggers (to me) are the most worth your time and effort opening up to read and learn, to figure out how they think and manage their money. Don't need to follow or not, just to learn and get perspective! As Fiona shared also, most instagram influencers (look good and often take nice pictures) but do not necessary have much 'liao' when it comes to the serious personal finance stuff. So to answer your question, support them, and especially both who are sponsored or not, because ultimately they all have to survive somehow haha. (unless they are backed by investors HAHA) At Seedly, we wanna create this environment where everyone can create their own content - just a discussion, quote, an answer a poll etc. :) You're never too early or late to start! Oh yeah, last fun fact: MileLion - Aaron just quit his day job to blog full time!
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 3w ago
    I saw this chart online shared by our good friend Alan Kor in our other community :) Going by this assumption that would mean that a January top up would be the most ideal!
  • Asked by Kenneth Lou

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 3w ago
    Your CPF withdrawal age. haha
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