Lim Chun Long Jimmy - Seedly
 
Lim Chun Long Jimmy

3-time AutoWealth quiz winner

Lim Chun Long Jimmy

Co-founder at PolicyWoke Pte Ltd

About

3-time AutoWealth quiz winner

Credentials

Co-founder at PolicyWoke Pte Ltd

Lim Chun Long Jimmy

Co-founder at PolicyWoke Pte Ltd

  • Answers (101)
  • Questions (4)
  • Reviews (22)

Stocks Discussion

Investments

I personally am not and will not be investing in such stocks due to the high currency risks.

Stocks Discussion

S&P 500 Index

NYSE (New York Stock Exchange)

FSM INVEST EXPO 2020

I know of someone who claimed that he has reliable sources that President Trump will be impeached and will step down in Apr 2020 . Even if this really happens, I am not certain if it would impact the stock market.

Stocks Discussion

Investments

It depends on how many % of your investible capital you are prepared to lose per stock. Use diversification to your favour. If you risk x % of your investible capital for each stock, it takes all y stocks to become $0 to wipe out your investible capital: - x = 1, y = 100 - x = 2, y = 50 - x = 4, y = 25 - x = 5, y = 20 - x = 10, y = 10

Stocks Discussion

Investments

One of the stock screeners I know of is Jitta ( https://www.jitta.com/ ). It has a library of stocks from many countries with their respective financial statements. They have their own proprietary scoring system (Jitta Line and Jitta Score) to determine if the stock is worth investing or not. Their scoring system was inspired by Value Investing strategy, which is to buy a wonderful company at a fair price.

Investments

Savings

Retirement

Stocks Discussion

It's never too early to start investing in stocks. The earlier you start, the sooner you will reap the rewards of the compounding effect in the long run.

Investments

Stocks Discussion

S&P 500 Index

NYSE (New York Stock Exchange)

A friend recommended me Jitta ( https://www.jitta.com/ ) to study the US market. They have their own proprietary scoring system (Jitta Line and Jitta Score) to determine if the stock is worth investing or not. Their scoring system was inspired by Value Investing strategy, which is to buy a wonderful company at a fair price.

Investments

Stocks Discussion

SGX

Yes they do offer free courses for beginners to learn about stocks. You may refer to the following website for more details: https://www.sgxacademy.com/245-2/?keyword=&category=18&organizer=&startdate=&enddate=&price=

Investments

ETF

Stocks Discussion

If one stays invested in ETFs for the long term, with capital gains and dividends if any over time, this investment will give you compounding returns on an annual basis. Most ETFs consist of a mixture of stocks and/or other asset classes, so the main appeal is diversification from the mixture.

Insurance

Investments

Stocks Discussion

Investment Linked Policies (ILP)

AIA

PhillipCapital (POEMS)

There are many platforms to choose from to start your regular investment plan. The common low-cost ones are Regular Shares Savings Plan, Robo-Advisors and Digital Advisors. You may refer to the following articles for more details: - Which Regular Shares Savings (RSS) Plan Is The Cheapest? - The Ultimate SG Robo-Advisor Comparison: DBS digiPortfolio VS EndowUs VS Stashaway VS AutoWealth And More

Stocks Discussion

Family

Investments

SG Budget Babe

If you want to do the investment management for them, ensure that you have the revelant MAS license to do so. Alternatively you may engage a licensed robo-advisor/digital-advisor or a licensed financial advisor to invest on their behalf.
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