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Lok Yang Teng

Lok Yang Teng

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Lok Yang Teng

  • Answers (405)
  • Questions (3)
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FSM INVEST EXPO 2020

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2w ago
You can use tools to filter out stocks based on your pre-set requirements, but you cannot don't do your homework and still expect the stock to profit.

Cashback

Payments

Savings

Education

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2w ago
I do not recall any. Debit card generally has less attractive rewards than credit cards.

Credit Card

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 2w ago
What was the reason you were rejected? If nothing changes, you could be rejected again.

Savings

Investments

Family

PhillipCapital (POEMS)

Marriage

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated 2w ago
You will need your emergency funds for unexpected events; (touch wood) being retrenched, hospitalized etc. Also, investing is for the long term, if you seek capital gain quickly, it's the same as betting. Set aside about 6 month's worth of expenditure, increase your monthly savings more than the common target of 50% (maybe 60-70%) since you got big ticket items coming up. Maximize cashback/miles card for rebates when you make purchases. Ensure your current bank accounts are giving you the best interest.

Investments

Stocks Discussion

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated 3w ago
Lump Sum Pros 1. If you time entering the market really well ( also really hard ), your returns will be better than DCA 2. If management fee/other costs are fixed (e.g min fee of $10) then it's better to invest more DCA Pros 1. You wouldnt have to time the market as you buy every month. Average bought price will even out over time 2. Requires little contribution (min $100) per month

Stocks Discussion

DBS

Investments

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 4w ago
Unless you plan to do trading/investing full time, it is much wiser to not choose the stocks individually. A more 'wealth maximising' plan is to go for low cost index funds which tracks the underlying index. There are only a select few that can consistently beat the markets, and over long time, hardly. Singapore's economy is small and stagnating so it isnt a lucrative marketplace, you can look at (EM) Asia or the US.

HDB BTO

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated 4w ago
Nope. OCS includes flooring, doors, sanitary amenities, etc.

Investments

Robo-Advisors

ETF

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 4w ago
If you want solely ETFs, then go with brokers. If you were to go with roboadvisors, it's unlikely you get 100% ETFs which then goes against your objective. It also depends on how much you are planning to invest in. You can compare the fees to make a decision.

Investments

Savings

Career

Robo-Advisors

ETF

StashAway

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Updated 4w ago
Hi! The purpose of roboadvisors is for diversification, so you cannot invest directly into individual stocks. You should compare roboadvisors to you DIY-ing your own porfolio of different securities (assets and debts) based on your risk profile and investment horizon. For those that are new or want convenience, roboadvisors is a good way to go without any maintanence as they will help you invest based on the risk tolerance you set when creating an acount with them.

Family

CPF

Retirement

CPF SA

Lok Yang Teng
Lok Yang Teng
Level 8. Wizard
Answered 4w ago
Not a parent here, but: 1. You can try predicting the future price of uni fees and work around the estimates - start planning how much to keep 2. Make full use of the grants out there (CDA/Dollar-for-Dollar matching/...) - dont have to fork out from OA 3. The more cruel method: make your child work for it - either through scholarships or part time job and this way they are less likely to take the education for granted
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