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Lok Yang Teng

Lok Yang Teng

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Lok Yang Teng

  • Answers (385)
  • Questions (3)
  • Reviews (1)

Investments

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 6d ago
Maybe you can try this guy: https://www.tradingwithrayner.com. I learnt quite aplenty there and the content are free!

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 28 Oct 2019
Typically to judge the performance of a portfolio, you will need minimally 5 years. Doing good/bad in 1 year can be largely attributed to luck.

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 27 Oct 2019
Hey there! Since you're 19, I'm guessing you're in post-secondary education/NS. I think you should read up extensively about investing: - What are the different investment vehicles - What are their risk and returns - How do these different vehicles help you profit - How to read a company's factsheet/annual report - etc It really is a chore and tedious work to pick up books (once again) and start studying. You can try, again, reading up on Regular Savings Plan and/or robo-advisors where you make a monthly investment from as little as $100. But then again who value your own money more than yourself? Also, 5-10k isn't really a significant sum to begin with. Assuming a gain of 5% in a year would translate to only about $250-500. There are a few alternatives: - Start a business! (I have friends that sell online gaming accounts/import banana cakes from M'sia/sell handmade knitted products/etc) - Apply for a scholarship (think of this as earning 5-10k from just 5 hours of writing work) - Sign up for (free) courses (make yourself more marketable!) - Try out platforms like fiverr (if you're good with your languages for instance, you can provide translation/writing services)

Revolut

Multi Currency Cards

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 10 Sep 2019
It has got it's licensing, will launch early 2019 in Asia Pacific (according to Business Insider)

Career

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 08 Sep 2019
Talk to someone! Could be your close friend, spouse or even colleague. Here are some steps you can take: 1. What is the issue? How did it arise? (Root problem) 2. If there are multiple issues, which do you want to address first? 3. How have you been coping/managing this issue? If you haven't, what are some steps you can take? 4. How does this method help with the problem? If you tried your best and still doesn't work, then you should seek professional advice from a counsellor. WINGS Counselling Centre ( 6383–5745 )

Stocks Discussion

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 30 Aug 2019
The point of DCA is to include in all market cycles (peaks and troughs) so as to even out the average price. For a DCA investor, any index funds will do.

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 26 Aug 2019
Hi! You can check out the fee comparison here:https://dollarsandsense.sg/complete-cost-guide-robo-advisor-fees-singapore-investors/. Past performance is harder to quantify since there are different risk profiles to choose from and many such services are new and hence unable to qualify for the 5-year test. That being said, you can take a look at StashAway's past 2 years performance on their website.

Lifestyle

Career

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 25 Aug 2019
You could have ads pasted on your vehicle as a source of passive income.

Career

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered on 25 Aug 2019
You don't have to win every time, just be better the next time. How many of us can be a master of all trades? Just “Thank you for clarifying” and move on :)

Career

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated on 25 Aug 2019
Are you deciding on a uni degree? If so, then why not double degree/major? Personally, I would prefer to go with the one I have the most interest in as that allows me to perform my best. A ‘pass’ degree wouldn't allow you to stand out, but if you get First/Second class then it’ll be a good advantage over your peers, and subsequently draw higher income.
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