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Lok Yang Teng

Lok Yang Teng

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Lok Yang Teng

166Upvotes
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  • Questions (3)
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Savings

Lifestyle

Career

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated 2d ago
- Hi there! NSF here too. I would strongly discourage you to moonlight during your 2 year service. Just last year, a staff sergeant was fined $2000 for using GrabHitch ride app to give rides (he only earned about $1.2k from the 140 rides). It is a tremendous waste if you are caught. On the other hand, you can take on projects to upgrade your skillsets or learn new hobbies, but not for monetary gain. If you desperately need the money, talk to your commander. Only your CO can give the permission (if required). - If you just enlisted, I would urge you to strive hard and maybe even attend command school. There is free on the ground leadership training; a practical skill which many companies spend tens of thousands to recuit leadership mentors to teach their employees. After all, which other organisation in the world gives 19 year olds the responsibility of at least the lifes of 6 others? - If you have enlisted for already a period, fret not. When you ORD, you will be given a testimonial equivalent to a performance review. Putting in your best effort in your daily tasks and building good rapport with your team mates will definitely make your certificate stand out compared to your peers. This paper can also be used for interviews especially if you receieved a significant award. - All the best!

Career

Policies

Lifestyle

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 11 Jul 2019
Humans by nature are rather pessimistic creatures which looks more towards the negative aspect of things. Take for instance the computer. Ever since the advent of computers in the early 1970s, there has been numerous statistics on the enormous number of job losses. Many fear accounting and storekeeping jobs will be gone in the next few years, but look at today. There are many many other breakthroughs in science and technology that has help created many jobs. We fail to account for and take notice at the other side of the spectrum. More jobs are created while some jobs are made more efficient. It's true we will not see a boom in the economy like the yesteryears, and as such there will be a lot of people vying for the 'limited top spots'. It isn't no jobs, it's just what do you want to do. I don't think there is a immediate threat of your job being replaced -- at least not yet.

Investments

Savings

Lifestyle

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 29 Jun 2019
If you're looking for low-medium risk, then some possibilities could be blue chip stocks, ETFs, REITs and annuities. From the description, dividend income seems to be what you're looking for. This is usually done by having multiple high dividend yield stocks or REITs, the downside is that you a large capital. Assuming dividend yield of 6% annually, wanting to get $5,000 annually requires you to have invested $83,333 minimally. Not forgeting that your investment should be diversified, meaning it's not advisable to have 100% in stock market. This path shouldn't be what you're looking for if you do not have a lot of capital. The type of asset class you should go for depends a lot on your age (investment horizon). Assuming you're in your 20s, you can afford to be a bit more risky for higher chances of capital gain.

Investments

Stocks

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 28 Jun 2019
It depends on my age and earning that 1mil wasn't just pure luck. - At my age, i'll re-invest that 1mil back into the stock market to generate more returns. - If i'm 40s, i'll still re-invest but will diversify into different asset classes that are of lower risk. - If i'm at retirement age, i'll leave a little in the stock market, majority in high interest savings account or short-term bonds.

Investments

ETF

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 28 Jun 2019
As do with many other forms of investments, you generally hold the asset until you really need the cash (e.g housing/car). This is especially so for beginners who have yet to understand how to spot trends in market/pricing. For the RSP, you'll accumulate the units as you go and earn dividends. Sell the units only when you need the money not when market pickup or slump.

SeedlyTV EP07

Loans

P2P Lending

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 28 Jun 2019
Banks wil only lend out to individuals/companies if they are confident of them repaying back. Consider this: Would you lend a random stranger 10k for their business? SMEs are relatively small and do not have strong backing to secure those loans, so they have to look for alternatives.

General

Career

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 28 Jun 2019
Crowdfunding isn't really to sell the good but more of raising money so that equipments can be bought so that the goods can be produced at a larger quantity to be sold.

Securities

ETF

Forex (FX)

Investments

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 17 Jun 2019
If you're purchasing and getting returns from the ETF in USD, there will be currency risk since you'll still need to convert it back to SGD to be used here. The stronger USD, the lesser your returns will be in SGD. The converse applies too. Do note there's a 30% withholding tax for dividends for ETFs/stocks in US for non-residents. That can affect your returns too! The professionals will minise forex risk through forward contracts or options but that can be a little complicated.

Savings

Investments

Bank Account

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 15 Jun 2019
The usual formula can be used when all the interest rate for the months are the same . This example is a little tricky. I tabulated all the data into Excel and the annualised interest rate I got was 1.578% . - Initial principal is $70,000 - Assuming interest is given at end of month or principal was deposited at end of month 0

Stocks Discussion

Stocks

General

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Answered on 15 Jun 2019
Everything started off with a controversial proposed extradiction bill. To explain we have to go all the way back to the 1990s. After British rule, Hong Kong was handed back to China under the 'one country, two systems' model. Hong Kong has since become the home to foreign companies that want easy access to China and other growth markets in Asia. The bill would allow extraditions from Hong Kong to greater China - including the mainland, Taiwan and Macau - for the first time, closing what Hong Kong government officials have repeatedly described as a “loophole” that they claim has allowed the city to become a haven for criminals from the mainland. There has been concerns over the fairness of the mainland's rule and many fear of being extradited over political reasons or business offences. Short term effects: - Businesses close, affecting profits - People choosing to stay indoors, affecting spending - Destruction to properties, costly to government and individuals Long term effect: - Investors may look for other alternative away from HK as it 'becomes more China' to other financial hubs such as Singapore
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