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Leo

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Leo

  • Answers (15)
  • Questions (7)
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Ultimate Investing

Investments

Investment Courses

Ultimate Investing seems to be a new investment course and I don't see anything on the blog. How do they compare to the other courses?
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Leo
Level 4. Prodigy
Answered 2w ago
Their trainers has real experience. That's a big plus point as compared to other courses where entry barrier to being trainers are low.
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Investments

Investment Courses

Personal Finance 101

What are your thoughts on self-proclaimed internet "gurus"?
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Leo
Level 4. Prodigy
Updated 2w ago
Ever since the covid-19 circuit breaker, more and more advertisements have appeared. They are pumping up their marketing to target more people in this uncertain time. Recommended action is do not sign up for their courses. Only a few are genuine courses with legit knowledge. Their strategy is to upsell you to more and more courses, which is not helpful to you in current climate. Most of them relies on marketing to buff up their reputation than real investment skills. While marketing is important, so is sales, one fatal flaw with most courses I encountered with (somewhat used to be affiliated to a few of the bigger names), is that they tend to provide a marketing reason for investment flaws. (Eg. For a level 2 knowledge strategy with a risk level of level 6, they may exaggerate knowledge to level 6 and downplay risk to level 2 by providing a marketing reason instead of telling you the real risk. One of the biggest joke is the Warren Buffett Option Strategy, which Warren Buffett himself do not use, but people are comforted by the words "Warren Buffett") You may want to go for a low-priced course to get yourself started if you really need guidance, but anything more than 2k should be taken with EXTREME caution. After all, it's a service that they provide, it's either you find the answer yourself, or pay someone to tell the answer to you if you are too busy. Some charge more for less, some charge less for more, in investing terms, undervalued or overvalued. They all have something to offer, you as the consumer, will have to differentiate which one offers more. Add on: Something random I learnt from Howard Marks. Many people like to question how much these gurus make from investment. A higher % means they are better and thereby they are more confident with these gurus. The crux is not to see how much % they make from their investments strategies, the crux is how much risk are they taking on to achieve such "superior" returns. For the common layman, this can be difficult to ascertain, hence, not sure if this add on is helpful to the common layman or not. Besides, it's no big deal if you profit from the stock market for the past 3 to 5 or 7 years, everything has been going up, if you don't profit, something is wrong with you.
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Investments

S&P 500 Index

Stocks Discussion

Hi all. What is the difference between all the S&P ___ (no.) and does the number mean anything? For example, S&P 100, 400, 500, 600, etc. What do the numbers mean?
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Leo
Level 4. Prodigy
Answered on 18 Apr 2020
It shows the number of companies in the list. Top 100 largest companies in US by market capitalization. Top 500 largest in US by market capitalization. And so on. Just a naming convention by S&P.
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COVID-19

Investments

Stocks Discussion

Savings

Seeing how markets have plunged, should I hold back on investing now and focus more on savings? But I often also hear about the buy-low sell high concept. Any advice?
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Leo
Level 4. Prodigy
Answered on 26 Mar 2020
Going to give you a different perspective. Not everyone will concur with this perspective though. I shall start with risk first. You have low risk tolerance. What is risk first? Is risk losing money? Or is risk not entering the market? (Opportunity cost.) You must first define and understand your risk before you know what you want, because, you have low risk tolerance right? To me risk is not knowing what you are doing. Eg. Knife are sharp and dangerous in the hands of a little baby, but not in the hands of a trained sushi chef. In the context of investment, risk is subjective. What may be a risky investment for person A, may not be risky for person B. Risk can be divided into multiple facets, especially for a retail investor. If you don't understand yourself and what you are getting yourself into, best is to save and put into CPF. Just because the market has plunged does not mean it is a good time to invest. What low can go lower. What high can go higher. Is it really low now? What if it goes another 50% lower? What if the investment that you selected goes 50% lower but it did not recover when every other thing seems to recover? Buy low sell high, hold long terms are all correct concepts, but it is too generic. Best is to understand yourself, understand what you are getting yourself into.
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REITs

Dividends

Investments

What is the difference between distribution yield and dividend yield? Or are they basically the same thing?
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Leo
Level 4. Prodigy
Answered on 26 Mar 2020
Trust are not companies. They use different terms and work differently, albeit slightly. Companies use dividends. Trust uses distribution. Essentially, they are the same thing.
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Stocks Discussion

STI ETF

SGX

Investments

Is it possible for STI to hit zero?
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Leo
Level 4. Prodigy
Answered on 22 Mar 2020
When the STI index hits zero, it will be a true apocalypse, and by then, hitting zero shouldn't matter to you as you would probably be worried about other things. The Straits Times Index is a list of 30 companies, if one of the company doesn't do so well, it will be removed from the list and replaced by the next better candidate. For STI to reach zero, it would be all the companies that are listed are worthless. For that to happen, literally the entire country will have to collapsed into wasteland aka apocalypse. Even in wars, companies are not worth zero.
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Career

Salary

What is the most unique and quirky Part-Time job you have done before in your life?
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Leo
Level 4. Prodigy
Answered on 07 Mar 2020
Quirky in a negative way. Selling charity cards to passersby. I remember there are 15 cards in one booklet. Each card cost $10 and you get a GV voucher for each card you buy. It is a booklet to raise funds for some charity organisation. You are paid $50 for each booklet of cards you sell. Or was it $30? Can't remember this part. 1st day at work, they started introducing their MLM growth model, of driving BMWs and living in Condos by selling charity cards. O-level me was not attached by idea of driving BMWs and living in Condos so I left quickly without my pay. Some kind of charity.
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Investments

Personal Finance 101

What's the most brilliant investment advice/teaching that you have received/heard that turned out to be quite ridiculous?
L
Leo
Level 4. Prodigy
Answered on 24 Feb 2020
Mine was the monthly 15 minutes Warren Buffett options strategy. Sounds good until I found out that Warren Buffett doesn't doesn't do that.
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Investments

Regular Shares Savings Plans (RSS/RSP)

ETF

Dear all. What are your thoughts on purchasing regular savings plan of individual shares only, like (dbs or Singtel shares) rather than RSP of STI ETF which is highly recommended on this platform?
L
Leo
Level 4. Prodigy
Answered on 17 Jan 2020
I will say this is a debate between diversification and concentration. Many knows that one should not put all your eggs in one basket. Using a regular savings plan is a method for the average busy investor with a buy and forget strategy. It can also work for those that are not so knowledgeable about investment. Buying just one stock of DBS or Singtel are fine, as they are strong companies. That would actually bring about another potential problem. If you are not very knowledgeable, with a lot of money in 1 stock, you may not have the required mindset to hold. The up side to this is that, your returns will very likely be higher. Choosing the STI ETF is good as it provides a good amount of diversification across 30 companies. While still a bit too diversified for my liking, it has a good amount of concentration as well. So up-side is captured, down-side is protected. If you are a sophisticated investor, concentration is more sensible. If you are not, or is very busy, diversification is better.
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Giveaways

SG Budget Babe

MileLion

Stocks Discussion

Lifestyle

In the News

(GIVEAWAY) Tell us a funny finance joke in 5 words or less! Be as creative and funny as possible! The Top 10 Winners selected by our moderators will win a pair of tickets to watch Star Wars: The Rise of Skywalker!?
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Leo
Level 4. Prodigy
Updated on 18 Dec 2019
Wall Street News: The stock market has broken the all time high again!!! 🎉🎊🎉🎊 Euphoria Bull: I am so proud of my progress. Depressed Bear: Heck, what is there to celebrate? It's my all-time low.
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