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Kenneth Quek

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Kenneth Quek

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Kenneth Quek

  • Answers (43)
  • Questions (2)
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Syfe

Investments

Robo-Advisors

Stocks Discussion

SeedlyTV S2E04

How do you guys think about the new Syfe 100% REITs portfolio? Is it better than their mixed reits with bonds? Why do you say so?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 05 May 2020
I came across this question by chance and started reading out of interest. All the answers so far didn't mention something which I think is quite important. The pure Reits portfolio, far as I can tell, is a pure passive, index investment. It just follows the index. There is no active rebalancing involved beyond what the index does twice a year (I think) On the other hand, while the one mixed with bonds is, on the surface, more conservative, it is also an actively traded fund. In the sense that it is Syfe that decides when and how the weightage between reits and bonds will change. So with this, I think the most fundamental question to ask when choosing between the two is, Do you believe in Syfe's active trading system? Or do you think a passive, index investment is better?
👍 1

Stocks Discussion

Investments

S&P 500 Index

ETF

S&P500 or Ireland-Domiciled ETFs?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 12 Feb 2020
I think those who did not choose the ireland-domiciled equivalent either do not know of the 30% tax or do not realise the impact that the tax has on their expenses. They take it as part of the costs of investing and do not realise there is a cheaper option. Ireland-domiciled is cheaper.
👍 0

Insurance

Whole Life Insurance

Investments

National Service (NS)

I’m a 21 year old NSF, I have Integrated Shield with AXA & some investment. Should I get a Whole Life insurance?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 31 Jan 2020
First of all, please look for Aviva's MINDEF group insurance and look at the costs of Term Life. It also has riders that you might want to consider. https://www.aviva.com.sg/en/mindef-and-mha/mindef-group-insurance/ Now. Just want to congragulate you on sorting out your Integrated Shield Plan. It is probably the most important insurance for you (or anyone) to get. As for life insurance, I also answered another question on insurance recently, which I think is similar. Here is my answer. IMO, everything about insurance depends heavily on what you think it is for. If you think, "when I die, I want my family to have a windfall." then the insurance you buy will be different from someone who thinks, "when I die, i need to ensure that my family can still go on without my earning power." I prefer to be practical, and so insurance depends on how many people depend on me, and how much of my earnings they will miss if I am no longer around. So if I have no dependants, I actually don't need life insurance. If I have young kids, I will need lots of life insurance because I need them to have money to last until they are able to take care of themselves. If I have working kids, again, I may not need life insurance.
👍 0

Insurance

Hospitalisation Insurance (H&S)

Whole Life Insurance

Term Life Insurance

Critical Illness (CI)

Hi all, which option should I take for insurance?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 30 Jan 2020
IMO, everything about insurance depends heavily on what you think it is for. If you think, "when I die, I want my family to have a windfall." then the insurance you buy will be different from someone who thinks, "when I die, i need to ensure that my family can still go on without my earning power." I prefer to be practical, and so insurance depends on how many people depend on me, and how much of my earnings they will miss if I am no longer around. So if I have no dependants, I actually don't need life insurance. If I have young kids, I will need lots of life insurance because I need them to have money to last until they are able to take care of themselves. If I have working kids, again, I may not need life insurance. So to me, having life insurance in my old age when my kids are working... is an unnecessary (and expensive) expense...
👍 1

Stocks Discussion

Investments

Savings

Brokerages

ETF

Interactive Brokers

SAXO Markets

SAXO Capital Markets

I plan to invest 1k SGD every month(10-20years) in S&P500 ETFs, which brokerage should I go with?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 29 Jan 2020
You didn't say if you're going to buy a US domiciled ETF from the US market or a Ireland-domiciled ETF from the London Stock Exchange. Both of these have S&P500 ETFs. US domiciled ETFs has 30% dividend withholding tax, and potentially estate taxes if you should pass on. Ireland domiciled ETFs have 15% dividend withholding tax and no estate taxes. However, they typically have a larger bid-ask spread and a slightly higher expense ratio. US domiciled ETFs can be RSPed (automated) via FSMone. Ireland domiciled ETFs... think you have to DIY all the way with IBKR.
👍 1

CPF

CPF SA

CPF Top-Up - Should I start early?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 17 Jan 2020
You already have a 20k investment portfolio. Are you confident of getting 4% pa? If you are, why would you want to top-up your CPF? If you're confident in your discipline and investing, CPF should not be necessary. If you're not, CPF is a very safe way to get to a safe retirement income in the future. The only reason (I can think of) to top-up early, is if you want a huge SA in the future. Since you can only top-up to FRS and let it grow from interest and salary contributions from then onward, then it makes sense to try to hit SA ASAP, so that more of the interest and contributions will go beyond FRS.
👍 0

Insurance

In a 21 yr old female that has started on my first job, what insurance would you recommend i get?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 16 Jan 2020
Your hospitalisation plan is arguably your number 1 most important plan. Even for things like Critical Illness, most of your medical expenses ought to be covered by your hospital plan. Then, what do you need critical illness insurance for? Well, perhaps for loss of income if you are unable to work while being treated? But then again, there is Disability Income Insurance that could help to cover that. It covers beyond the definition of Critical Illness and potentially until you are 65. (Do your own due diligence.) Honestly, to my thinking, I can't think of a good reason for CI insurance after I realised that treatment bills will be paid for by H&S and loss of income will be helped by DII. Perhaps a smaller coverage for CI to top-up what DII cannot cover, but otherwise, I don't see the need for high CI coverage. And just to put it out there. You don't need life insurance unless you have dependants. In which case, ask your employer if they have group insurance you can tap on.
👍 0

MoneyOwl

Investments

CPF

What are the “Actual” costs involved when buying DFA funds and using the possible CPF option?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Updated on 16 Jan 2020
Endowus only provides DFA and PIMCO for cash and SRS. For CPFIS, they offer other products, not DFA. This is probably a regulatory issue, so until they clear DFA with CPF, I think it is unlikely that MoneyOwl would be able to offer DFA for CPFIS as well. As for withholding tax, I recall that both have worked with DFA to structure the funds to be Ireland domiciled, so withholding tax should not be an issue.
👍 0

Insurance

Whole Life Insurance

Term Life Insurance

Critical Illness (CI)

Looking for the best life and CI insurance in town. Any recommendations?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Updated on 16 Jan 2020
Have you served NS? If yes, pls look at the MINDEF & MHA Group Insurance and get it while you are eligible. If not, look for other group insurance plans. If you are working with the government, you probably are eligible for POGIS. If not, check with your employer. Edit: For CI, it is worth asking why you would like to buy CI. If it is for treatment, that should mostly be covered by your H&S plan? If it is for income replacement, you may wish to consider a Disability Income Insurance Plan which is more wide-ranging. Insurance is one area that many of us are not very familiar with, and we end up spending lots of money just on the authority of 'friends' or strangers on the internet. It is worthwhile, while you are young, to try to get as good an understanding as you can, so that you do not spend unnecessary dollars on something you may not need. Insurance should not be a lottery ticket to wealth.
👍 0

Investments

Stocks Discussion

What should I do If I'm able to invest $2k-$4k monthly? I'm personally quite new to investing and $3-5k is already after deduction of all expenses? Quarterly Investment of $9k to max cash upfront fees?
Kenneth Quek
Kenneth Quek
Level 5. Genius
Answered on 18 Dec 2019
Google passive index investing. Google Bogleheads. Basically, if you think diversification is the way to go and you think you can't time the market, the bogleheads will probably fit right up your alley. Essentially, they're all about finding a well diversified ETF that captures the whole world's stock market, buying that, and ignoring everything else. I won't ask you to just follow blindly what they advocate, but have a read for yourself and see if you buy into their theory.
👍 0
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