Kenneth Lou - Seedly
Kenneth Lou

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

Kenneth Lou

Co-founder at Seedly

679Upvotes

About

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

Credentials

Co-founder at Seedly

Finance at NUS Business

Kenneth Lou

Co-founder at Seedly

679Upvotes
  • Answers (441)
  • Questions (38)
  • Reviews (16)

Lifestyle

Shopping

Travel

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 3h ago
Hey! I’ve actually written about this recently on a full blog post. :) ! Here are some tips and hacks: - Book a regular Economy seat for your Scoot flight at least 1 month in advance - Pray that the ScootBiz seats on your flight don't get filled - Look out for a Scoot email one day before your flight titled - “Bid for ScootBiz for your booking ABCDEF” - Bid a maximum 40% above the minimum bid for red-eye flights (because many people will be trying to push for a more comfortable seat to sleep in it and if anything above 40% would be the normal ScootBiz price) - Bid the minimum bid for day flights (because less people would worry about the comfort as they're most likely watching Netflix or videos on their phone, instead of sleeping) View the full blog post here: https://blog.seedly.sg/bidding-scootbiz-upgrade-worth-it/
Answer image preview

Shopping

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 16h ago
Hey there friend! I felt the exact same way as well before I tried it around 3 years back haha. When things are too good to be true, it probably is. However, the whole digital internet economy has changed abit of that. And in the case of ShopBack, it's in the idea of affliate marketing. Sounds like a complicated term to understand, but to explain it in simple english: - John wants to buy a Macbook from Apple - The Macbook costs $2,000 - However, if he goes through ShopBack (online portal) and clicks through - John will still pay $2,000 Behind the scenes: - Apple will pay ShopBack 5% = $100 as a " marketing referral fee " - ShopBack will rebate 2% = back to John as "cashback" = $40 - ShopBack earns the balance of 3% = $60 as revenue Hope that answers your question and yes, Apple still makes a good amount of money after netting off that referral fees that they paid ShopBack because of the high margins of the products. That's pretty much it! And I would say the only draw back is having to remember to click through the online portal and some people are simply very lazy to do that. But personally I have saved $800 in cashback, yes in pure, hard, cold cash. And Seedly, being part of the ShopBack family, we see a HUGE and INCREASING trend of online shoppers using ShopBack to get savings off on a daily basis via LAZADA, Shopee, ZALORA, and online groceries like Fairprice Online, Cold Storage online etc. Super interesting indeed.

Credit Card

General

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 18h ago
This is pretty nasty. 28% p.a for most credit cards. That's really ridiculous rate and the interest compounds monthly because the fees are charged every month when you do not pay off your credit card debt. That's excluding all the late charges and additional interest fees. The total amount of interest you are paying: - 28% p.a interest on your credit card debt (X) you owe - Additional late charges monthly (Y) - (X +Y) x 28% p.a will compound agressively and very quickly. Rule of thumb: - NEVER get a credit card if you cannot control your spending - Always pay off your credit card debt monthly in full - Don't be too lazy to waive off your credit card annual fees (this compounds also if you dont pay it off)

Stocks Discussion

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 2d ago
Seems a pretty trendy question especially with the Funan Mall opening up very recently! Full disclaimer: I'm also a personal investor in CMT stock and I'm definitely long on this stock, having held it for many years and attended their recent AGM recently as well. By the way, let me digress abit, I love how RICE Media writer, Pan Jie, describes Capitaland Malls in Singapore which makes me an ardent believe in the CMT Stock: "There are 3 types of malls in Singapore. 1. The first is the Orchard Mall, filled with Tai-tais, TWGs, and price-tags which can blind you. 2. The second is the Strata Mall; a little shabby, a little eclectic, with the forlorn air of an impending en-bloc. 3. The last is the Capitaland Mall, designed for mass appeal and precision-engineered for profit. Between our half-baked descriptions, there’s some measure of truth to be found—every mall resembles every other mall. ! CMT is really designed for profit maximisation and it's tenant mix is pretty much the same across most of it's malls. "There’s a McDonalds squatting by the entrance, a Gongcha in the basement, and a flock of claw machines high above. On the second floor, there’s either a MUJI, a Uniqlo or a Challenger selling power banks on discount. In B2, you will walk past a Boost Juice, a GNC, a supermarket, and probably a Breadtalk. After a while, the different malls blend into one." I guess the important one is to find out how the CMT stock is doing by focusing on a few key metrics I feel are most important to assess retail stocks: 1. Lease expiry and occupancy 2. Increasing DPU over the years 3. Market sentiment You can find out more about these movements in these two images below... For point 1 and 3: Occupancy and Market sentiment (shopper traffic) ! For point 2: on increasing DPU ! The main concern now with the stock is that it is currently at a high and many analysts claim to say that it is currently over-valued. However, I feel that as Singapore's oldest REIT and it's first actually, this should be a stable one which is set to grow for the long run provided Singapore's economy maintains resilient and not be hit by an overly severe recession which cuts spending back severely. In fact, if that happens, I will definitely double down on more CMT stock as well given how the recent AEI (asset enhancement initiatives) have been pretty successful with Funan and also sometime back with Bugis Plus.
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Lifestyle

Career

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered 2d ago
I believe in Work-Life harmony . And the thought of Work-life changes as we age also. ! Recently I was at a industry gathering for the Steel industry due to my father in law who invited me over for a dinner. What I found that there was a ton of old age men (in their 60s and 70s) going very strong and they were all business leaders in their industries. They were all smiling, happy and engaged. - They were still very sharp and leading huge businesses - I could tell that they cannot live without work - Because the opposite would set their lives into mental decline (and likely dementia) So the idea of Work-life harmony (which is a now popularised term) exists: - Keep your mind active - Stay sharp while you enjoy work - Don't retire too early

Bank Account

General

Kenneth Lou
Kenneth Lou
Level 8. Wizard
Updated 4d ago
Hey CS! Unfortunately for now, we do not have that feature to export out expenses for the Seedly app... You are only able to currently view the expenses all aggregated together on the 'transactions' tab in the app! ! If you want to choose to do it manually, you can actually do it via a CSV download on your own banking website which you'll be able to manually aggregate them together. Hope that answers your questions :) if not, feel free to just ping the team at [email protected] Cheers!
Answer image preview

Stashaway

Investments

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 2w ago
Hi anon! As far as I have been a Stashaway user myself and also hosting the shows with our panelists during the Robo advisor episodes, you will be unable to directly credit dividends into your bank account directly. It will be reinvested directly which I think makes the most sense for long term investors because your investments will be able to compound that way. Cheers! I'm quite satisfied my performance thus far (around 10% returns), so that's a pretty good sign, and I can choose to withdraw the total amount inclusive of capital and dividend gains with no withdrawal fees as well.

Stocks Discussion

Investments

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered 2w ago
Hi Anon! Hope I can answer your questions below. 1) Regarding 30% withholding tax on dividends, when we receive dividends is it already net of the 30% tax? Yes, if your SCB is a custodian brokerage, you can simply know that they will help you deal with the 30% witholding tax which is already deducted on thier side before processing it for you. You should have declared this in the W8-BEN form which you filled up to state that you are a non-US tax resident. 2) If not yet, how do I pay that 30% dividend tax? So you won't have to process the 30% tax on your end. 3) Any fees/taxes I have to pay when I sell a stock? Yes definitely, trading fees when you buy or sell a stock. It seems to be 0.25% per trade for US market. There are different rates for different countries and for SCB you should be able to find the rates here: https://www.sc.com/sg/investment/online-trading/

Investments

P2P Lending

Funding Societies

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered 2w ago
Hi friend! Personally I setup the auto invest function, which is really quite easy to use. You can set up the auto invest function with $100 per deal and they will automatically help you put money into each selection of loans when they appear. I would suggest if you are also not comfortable with certain sectors you can remove them from the check box, pretty straightforward!

Investments

Stocks

General

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Answered 2w ago
This is very strange. This should actually not happen, they probably may have mixed up your mother's shareholdings in her CDP! Usually AGMs are invited for individuals who are either board observers (specially invited) or actual stock shareholders.
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Level 8. Wizard
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