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Kevin

6205 days old.

Kevin

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6205 days old.

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Kevin

  • Answers (22)
  • Questions (5)
  • Reviews (0)

Investments

Family

SG Budget Babe

Savings

Savings Accounts

How do you convince your parents that money in the savings account is just rotting away and should be taken out to invest?
Kevin
Kevin
Level 4. Prodigy
Updated 3d ago
This question warrants us to navigate through the many controversial opinions we each have. Hence I do not think an absolute answer can be obtained. Personally, I would not interfere with the management of my parent's fund as we treasure them dearly to ourselves and the idea of volatility may not be well understood to them. I do not want my parents to feel uncomfortable.
👍 0

Investments

COVID-19

Savings Accounts

STI ETF

S&P 500 Index

Online Brokerages

Endowment Policies

If you have spare cash available, what would you do during this pandemic?
Kevin
Kevin
Level 4. Prodigy
Answered 3d ago
I would streamline all my funds into an AAA rated company such as Microsoft for long term investment given how much it dropped during the pandemic.
👍 0

COVID-19

Investments

Commodities

During global pandemics & wars, many would say that precious metals value increase during those times. If you think the end of the word is near, would you invest in Gold/Silver?
Kevin
Kevin
Level 4. Prodigy
Answered 3d ago
I for one would not be thinking about investing at such times.
👍 0

Savings Accounts

OCBC 360 Account

Savings

Is OCBC 360 considered a checking account or savings account?
Kevin
Kevin
Level 4. Prodigy
Answered 5d ago
You are right.
👍 0

Investments

Kristal.AI

ETF

Online Brokerages

Anyone uses Kristal AI to buy US ETF? How is it? Are there any problems with the platform?
Kevin
Kevin
Level 4. Prodigy
Answered 5d ago
Hello could you specify the problems you are referring to?
👍 0

Savings

Investments

Fixed Deposits

Stocks Discussion

Online Brokerages

How much savings should I have by the age of 30? What percentage should be liquid cash, FD, stocks?
Kevin
Kevin
Level 4. Prodigy
Updated 2w ago
Hello a. “How much savings should I have by the age of 30?” I would say that this is a question that is very subjective as you probably would have guessed, but if i have to give a ball park figure, by the age of 30 your net worth should be from $70,000 - $200,000 for the average working adult. (excluding CPF) b. “What % should be liquid cash, FD, stocks?” This is subjective to your risk tolerance and investment horizon. Generally, liquid cash should take up 10%-30% of your money set aside for investing, stocks and other instruments will then use the remaining 70%-90%, once again it depends heavily on the aforementioned; the risk you are willing to take and the timeframe in which you stay in the market. c. Stocks can be liquidated quicker than deposits in fixed deposits as stocks are marketable assets. d. Personally I would not keep more than an annual salaries worth in a savings account. If you’d like more tailored responses with respect to your investments and allocations of money, perhaps you can let us know what you’ve invested in and your investment objective.
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Insurance

Financial Planners

Is it possible that two insurance agent service each other's policies and save on commission money?
Kevin
Kevin
Level 4. Prodigy
Answered 3w ago
Hello, Yes, that could very well be possible. You may be more interested to know that a insurance agent is legally permitted to sell themselves insurance policy’s and receive commission for it which is advantageous to a insurance agent given how it is their field of work.
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Online Brokerages

Investments

FSMOne Fundsupermart

Regular Shares Savings Plans (RSS/RSP)

Standard Chartered Online Trading

I have $8k for investment (warchest $32k no touch). FSMone RSP or SCB for lowest fees and lump-sum or DCA? Saw scb free brokerage fees rebate promo. Any advice?
Kevin
Kevin
Level 4. Prodigy
Answered 3w ago
In such unprecedented times we are in, I would advocate DCA instead of investing everything at once.
👍 0

Investments

Robo-Advisors

Syfe

StashAway

Should I invest with Syfe or Stashaway?
Kevin
Kevin
Level 4. Prodigy
Updated 3w ago
Hi Zac Perhaps one way to determine which Robo-advisor you could use is through Crunchbase, I’ve found the two company’s and their respective funding amount. Syfe: www.crunchbase.com/organization/syfe Stashaway: www.crunchbase.com/organization/stashaway Some of the things we could see is that Stashaway has more funding and a longer track record having started in 2017 as opposed to 2018, their company rank of 4777 also beat Syfe’s rank of 11960. All the best.
👍 0

Investments

Online Brokerages

Brokerages

Standard Chartered Online Trading

Are Tiger brokers safe to invest with or better to go with SCB?
Kevin
Kevin
Level 4. Prodigy
Answered 3w ago
I would invest with SCB simply because Tiger Brokers is new and they do not have substantial track record yet.
👍 1
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