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Kenneth Quek

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Kenneth Quek

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Kenneth Quek

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Investments

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 5d ago
As opposed to? Stop investing? And do what with the money? If you already have an emergency fund and don't have big purchases in the foreseeable future, there is no reason to stop investing. If there is an upcoming big purchase, you could consider stopping in order to save up. If you continue investing, you might want to rebalance your portfolio, which may involve stop buying a certain stock while you stock up on another. The main question is, I think, what will you be doing with your money if you stop?

Investments

Stocks Discussion

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 6d ago
The underlying question on to DCA or Lump Sum is what we think the market will do. If we think market will keep rising, the earlier we get in, the better. Lump Sum. If we think market will fall, wait until it bottoms, then Lump Sum. If we think it will fall but dunno when it will bottom, DCA in the hope that we will catch some of the bottom. Time frame for DCA? Depends on how long you think it will take for the market to bottom. There is a Vanguard study that you can find on Google about DCA vs Lump Sum. In summary, Lump Sum is better 2/3 of the time.

Investments

Savings

Lifestyle

Bank Account

Stocks Discussion

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 6d ago
Stashaway is stocks. Unless you mean you are ready to stock pick. In which case, education is your best bet and your question should tilt more towards what to read rather than what to buy. Read up more about passive investing, value investing, factor investing. See which one you believe in or have time for. I'm sure there are even more types or styles of investing. Have fun reading up.

Retirement

CPF

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 6d ago
Um. What are your plans for financial support moving ahead? Particularly for age 55-65 since CPF life payouts only start at 65. Since you are not working, what would be your means of income? If you have no means of income, then your best bet is to probably rely on CPF life. Keep enough for 55-65 and drop the rest into your CPF RA so it can earn interest asap. If you have other means of steady income for your later years, then do what you like really. CPF life continues to be a life annuity that the market will find difficult to beat, but you may value liquidity more.

Investments

Singapore Saving Bonds (SSB)

Savings

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 6d ago
Hmm. So your parents are loaning you seed money. Seed money for what? To start your own company? In which case you need some measure of liquidity? To learn about investing? On which case they may have some expectations on how it is used? (SSB barely counts as investing I think. A high interest savings account might well net you just as much...) To grow your future retirement money while keeping capital safe? Then you might consider parking it in CPF SA for 4-5% risk free. Except you can't touch it until you hit 55. Even CPF OA (2.5-3.5%)will net you a higher return than SSB. And you can use it for housing and possibly education fees I think. So yeah. I think an important question to ask and clarify is, "what is the seed money for? Do your parents have any expectations about it?"

Supplementary Retirement Scheme (SRS)

Retirement

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 2w ago
No. If you are not in one of the higher tax brackets, SRS doesn't quite save you all that much. If you have no idea how to invest your SRS, you might potentially lose money as compared to keeping it in a high interest savings account. Read up more about SRS and have a plan on how you will invest it before you start contributing. Though you might consider opening a SRS account with $1 just to lock in the retirement age. Currently, SRS monies can be withdrawn at no penalty when you hit age 62. In a few years, that age would increase, but if you already have a SRS account open, you can still withdraw at 62.

Investments

Stocks Discussion

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 2w ago
What? No. DCA is a discipline to keep buying, adjusted to help us buy more when prices are low and buy less when prices are high. Everyone should know that we should buy more when prices are low, but when prices drop, our emotions may cause us to fear further drops and keep us from buying more. If we are disciplined with DCA, we will naturally buy more shares when the price is low. When prices are high, DCA will also naturally keep us from buying too much as we will end up buying less shares with the same amount of money. Should we stop buying when prices are high? Yes if you are absolutely certain that prices will drop instead of rising further. (Do note that the market overtime, is generally on an upward trend.) Since we can't time the market, one strategy is to keep invested and let DCA naturally help us decide when to buy less (when price is high) and when to buy more (when price is low).

Lifestyle

Career

FIRE Movement

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 2w ago
Very good question. Retirement may not always be a good thing if you don't know what to do when you retire. There are drawbacks to the lack of activity, physically, mentally, and socially as well. Need to make sure you have all that you need rather than just your financial needs. Money is only part of the equation. Stuff to consider: - Kids / Grandkids? - Passion / Strengths / Areas of interest? - Areas of need that you have seen that you would like to make a difference in? - If you're still drawing a blank, I would suggest dropping by some social service centers, or even schools/Polys/ITE, (Old Age Homes, Orphanages, Hospitals?) and asking them about how you might be able to help? Even just as a simple volunteer to provide a warm body and menial work. As you volunteer, it might open your eyes up to those who are needy in our society and FIRE your imagination on how you might be able to help them.

Investments

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 2w ago
Some thoughts: - Don't just focus on investments, learn about insurance as well. - One good insurance to find out more about is the Aviva MINDEF Group Insurance. - Don't just learn about investing, even as you set aside your emergency funds, and take time to consider your plans, you may want to get your feet wet and DCA small amounts into a regular savings plan or Robo. - The best way to grow your savings is to earn more and spend less. You are thinking of investing as a means of earning more. Do also take care not to succumb to lifestyle inflation as you earn more, but to keep it managable.

Personal Finance 101

Investments

FSM One

ETF

Kenneth Quek
Kenneth Quek
Level 4. Prodigy
Answered 2w ago
DCA because you won't know when the market is low. Also, when the market is low, there is a good chance that you'll be expecting it to drop lower and won't go in. If you automate your DCA, all this will happen automatically and you won't be afraid of your emotions getting in the way. Be aware that US ETFs may present tax issues. Do try to read up on things like US dividend taxes, or tax domiciled funds/etfs first.
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