Kenneth Lou - Seedly
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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 (724)
  • Questions (56)
  • Reviews (33)

Endowus

Investments

Robo-Advisors

Anyone experiencing slow onboarding process for Endowus?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3d ago
Mine was pretty quick because I used the SingPass login. so far it has been pretty smooth from the first sign up to deposit, to actual investments. Quite recommended for CPFIS i must say.
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General

Lifestyle

Are staycations worth it? I have noisy neighbours; Looking to have some quiet time alone. But should I spend on this?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3d ago
Yes I think why not! it would be a short getaway from home, while not leaving the country. Some of the locations like Sentosa are obvious choices as we hardly go there if at all in a year. it's actually quite fun sometimes to be a tourist in Singapore :)
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Singapore General Elections 2020

Today is the final day of GE2020 campaigning before Cooling-off Day kicks off tomorrow (9 July). If you had to pick a highlight moment for GE2020, what would it be and why?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3d ago
It definitely has to be the difference between the past elections in 2015 vs 2020. This would be my second time voting and what a big difference just in terms of the build up. The accesibility to online live shows and mix it up with the Covid situation really shakes things up quite alot. So I would say this is the biggest part which I am excited about. Now to us it would be to observe whether the online sentiment translates to what will happen on the actual Polling day itself. Let's see!
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Career

COVID-19

Should I hunker down or voice out? Painful and helpless looking at my contribution and felt maybe shortchanged if I leave now. Can anyone give some advice and discuss my employment options together?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 5d ago
Hi there, thank you for coming to the Seedly community to get feedback about your situation and I do think that what could be helpful if you can find a career counsellor in your local town council or Workforce Singapore (WSG). In those channels you would be able to find better advice and more professional advice as well. Cheers! All the best and keep fighting. What doesnt kill you makes you stronger.
šŸ‘ 1

Investments

ETF

Online Brokerages

Do ETFs fail?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 5d ago
What an interesting question. The short answer is No, if you are buying a proper ETF fund that purhcases the underlying stocks of the index you are tracking. I'm talking about specifically Index ETFs! (eg the S&P500 and the STI ETF) However, if you do buy some version of synthetic ETFs by fund houses, you will need to find out the reputation of the fund house and whether their Assets under management are legitamate, as they may not own the real underlying stocks in that ETF. In this case the ETF may fail. You can find out more about Synthetic ETFs here: https://www.investopedia.com/terms/s/synthetic-etf.asp A synthetic ETF is an asset designed to replicate the performance of an underlying index using derivatives and swaps rather than physical securities. Providers enter an agreement with a counterparty ā€“ usually an investment bank ā€“ that ensures future cash flows gained by the underlying benchmark are returned to the investor. In other words, the synthetic fund tracks the index without owning any physical securities. The first synthetic ETF was introduced in Europe around 2001. It remains a popular investment in European markets, but only a small number of asset managers issue synthetic ETFs in the United States. This is due to specific regulations enforced by the US Securities and Exchange Commission in 2010 that prohibits the launch of new funds by asset managers not already sponsoring a synthetic ETF.
šŸ‘ 1

Insurance

Critical Illness (CI)

What are the pros and cons of the NTUC Snack insurance plan?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 2w ago
I think its quite an innovative new way to get people to buy CI insurance! - SNACK However, I must say that it is a form of micro insurance and targeted towards people who really have no clue about CI. If you already have your term CI plan you probably can get one more easily with no frills as well with any FA or online platform!
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Lifestyle

Family

Savings

Career

My husband and I are not well off. Just found out that I'm pregnant. What should I do?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
Hello there, thank you for sharing your question here and truly hope the community can give you some perspectives to consider! I agree with Yang Teng, you can find quite good perspectives here: https://seedly.sg/questions/accidentally-got-my-girlfriend-pregnant-how-do-i-plan-for-this-with-3k-month-salary-and-less-than-700-savings On very specific topics on saving costs, I realised our team has also written quite alot about these here: - Cost of Delivery: https://blog.seedly.sg/cost-giving-birth-singapore-baby-bonuses/ - Guide to childcare costs: https://blog.seedly.sg/ultimate-guide-to-childcare-your-options-and-how-much/ - Where To Get The Cheapest Diapers, Baby Food, Bites, and Formula Milk: Retail VS Online VS Johor Bahru: https://blog.seedly.sg/cheap-baby-products-diapers-food-singapore/
šŸ‘ 2

Investments

ETF

STI ETF

Online Brokerages

Regular Shares Savings Plans (RSS/RSP)

FSMOne Fundsupermart

What are the total fees for investing in SG ETFs through FSMOne RSP?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 3w ago
I found this on their website could be relevant for you for the RSP space: Minimum RSP investment amount: - $50 per month Fees apply to both buying and selling - Buying Fee: 0.08% or min SGD 1, HKD 5, USD 1, whichever is higher - Selling Fee: Normal selling fees apply Other charges: (GST APPLY) - Platform Fee: 0% (No Charges) - Respective exchange, dividend handling, and corporate action fees apply on each transaction (where applicable)
šŸ‘ 2

Investments

Robo-Advisors

If I want to invest 2.4k semiannually, should I do it via roboadvisors or DIY?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
Hello this is a very interesting question, semi-annually = 6 months? If you prefer convinience, you can set up a set-&-forget method which I personally use as well with a robo-advisor (Stashaway/EndowUs) I would say if you set up this GIRO method, you wont have your internal bias-ness in play as well vs if you would enter the market with a BUY/SELL trade. (because to press the button mannually on your own there is that emotional attachment that you would have to rid off). Just a thought! Which is why I prefer to do mine via a GIRO arrangment ,set and forget.
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Investments

DBS Vickers Securities

Online Brokerages

ETF

REITs

I've just started my first job. With income streaming, I want to start investing in ETF and REITs. Which brokerage is recommended for 21 years old?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago
Hi there anon, I agree with you the DBS vickers experience is really not a great one. For someone of your age, I would actually also consider Robo-advisors because it is way easier to access the markets for ETFs and/or REITs. Rather than having to manually go and do trades. (BUY/SELL) via online brokerages. Alternatively if you are keen to go down that route, then I would recommend FSM ONE, their web and mobile app for a local based brokerage I would think is the best, and fees are reasonable as well if you want to trade US stocks.
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