Lok Yang Teng - Seedly
Seedly logo
Seedly logo
 
Lok Yang Teng

Lok Yang Teng

About

Credentials

Lok Yang Teng's credentials are not filled up yet.

Lok Yang Teng

  • Answers (496)
  • Questions (3)
  • Reviews (7)

Stocks Discussion

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
Both are vastly different and cannot be compared side by side. No one values your own money more than yourself. My advice is for you to do ample research on the two companies from their Annual Report then you can deduce which is better for you. There are a lot of resouces online on how to read a balance sheet for starters so you can gauge the financial health and perfomance of them.
👍 0

COVID-19

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
Background Info Fiscal and montary policies can be implemented to help mitigate effects of a current economic situation. - Fiscal policy deals with taxes and government spending. To stimuate an economy, the government can cut taxes and increase governement spending. The spending can be in the form of rebates (consumer can spend more) or infrastructure projects (jobs are created and people will receive income). - Monetary policy deals with interest and exchange rate. To stimulate an economy, the central bank can lower interest rate. The cost of borrowing is lower since interest payble is lesser, this can promote spending by consumers and businesses. What the Fed did - Lowered interest rate to nearly 0. - Quantitative easing, an uncoventional policy where the central bank introduces money by buying financial assets ($700 billion of Treasury ($500 billion) and agency MBS ($200 billion) securities). - ... The policies cannot stop the ongoing disruption but it aims to help with the flow of money. If consumer or businesses do not spend, there is a break in the circular flow of the economy and that would be a problem. The effectiveness also depends on the adminstration in dealing with the virus outbreak. If the government's measures are inept, it will sap out valuable resources to contain the problem.
👍 0

Kristal.AI

Robo-Advisors

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
Why do you want to sell now? Are you exiting because it is making a loss? Remember why you invested in the beginnning. But answering your question: - Log on to the Kristal.Ai app - Click on your portfolio under 'Summary' tab - Here you will see the Kristals you have bought. Click on the one you want to sell - At the top there will be icons for 'Sell' and 'Buy'. Select accordingly - Indicate the number of units you want to sell, then click 'Unsubscribe'
👍 0

COVID-19

Economics

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
How much we have in our reserve is a secret. But it's definitely a mega huge sum.
👍 0

FIRE Movement

Personal Finance 101

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
There's no strict one way to FIRE. You can tailor your pathway to your preferred lifestyle/choices. The idea is that changes and sacrifices must be made in order to be FI/RE. For example, it doesnt mean you have to cut out all your morning coffee. Rather, you can opt for cheaper ones by for instance making it yourself instead of going to premium shops. Once in a while indulgence is fine. If you want to FIRE as a couple, then communication is key so that the plan can be of best interest to both.
👍 0

COVID-19

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2d ago
- What was the initial reason you bought these before? - Have their fundamentals changed since then? - What's the rationale in selling now? - Can you recoup your losses by selling now and putting your money elsewhere? Some questions for you to consider firset.
👍 0

Investments

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 6d ago
That is a very vague question and without knowing your financial needs, it is very hard to give an advice. Are you sufficiently insured? Do you have your emergency funds? How high the risk are you looking at? What's your investment horizon? Do you have any investment experience? All this questions can affect what you should go for. There are many blog posts on Seedly and other websites you can look at to gain a basic understanding first.
👍 0

Investments

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 6d ago
Individual stocks: - If you are RIGHT, your returns can be quite significant. Other way round is true too. - Much more risk ETF: - Growth potential more muted compared to individual stocks. - Lesser (unsystematic) risk - Usually requires lesser funds to invest in
👍 0

Investments

Stocks Discussion

ETF

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 6d ago
Sorry if I didnt get it correctly, do you mean treating your HDB as a bond investment? It's not quite the same and personally, I wouldnt put property (esp the one for living in) under investment. Before you invest, make sure you got sufficient cash and/or OA for your emergency funds and house mortgage. Investing in individual stocks posses more risk compared to investing in an ETF which tracks the return on a selected pool of items. I can't say whether the stocks are good or bad, as it all depends on individual.
👍 0

MileLion

Credit Cards

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2w ago
Online: 1. Can use promo/referral codes 2. Stay safe at home, no need to queue at branches 3. Easy sign-up using SingPass Bank: 1. Physical person to help you through the process (Good if youre not IT savvy)
👍 0
Load more questions
Level 8. Wizard
1916PointsGoal 3000
1084 POINTS TO LEVEL UP
Browse Rewards
Top Contributor
Top Contributor
NOV · DEC · JAN