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Lok Yang Teng

Lok Yang Teng

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Lok Yang Teng

163Upvotes
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  • Questions (3)
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Securities

ETF

Forex (FX)

Investments

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 2w ago
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 2w ago
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 2w ago
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

Career

Lifestyle

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Answered 2w ago
Hi! You may want to take a look at this by DBS: https://www.dbs.com.sg/sme/businessclass.page

Savings

DBS

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 2w ago
DBS BOYB is a one time bonus saving option which rewards you with 4% interet for 2 years. How it works: 1. You credit your salary into the DBS SAYE account 2. Do not touch the money in the SAYE account - 2% 3. Use POSB/DSB credit or debit card 5x a month - 2% DBS Multiplier is a high interest multiplier account with interest rate of 1.55 - 3.8%. Bonus interest rate is primarily given through amount of salary credited. By fulfilling some of the other requirements (credit card spending, home installement. investments and insurance), there will be smaller increments to the interest rate. It is best to take advantage of the high 4% interest rate from DBS BYOB first.

SeedlyTV EP06

CPF

Investments

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 2w ago
It depends on what you're planning to invest into. 2.5% for CPF OA is pretty decent. However, if you're using it to invest in an ILP or 'typical fund', you might even make a loss. SA has 4% interest (up to 5%) rate risk-free. This deal is very very very hard to beat and you should defintely not use the money there for investment. Index fund can normally outperform 2.5% annually, but you still have to look at the fund's past performance. Edit (Clarification) : Funds in CPFIS have the potential to beat the minimum 2.5% interest given by CPF. However it is better to use cash since realistic interest rate achiveable by the high interest savings account is about 2.4%. Also, the bonus interest rate has cap limit and SDIC only protects up to $75,000.

Investments

STI ETF

Unit Trust

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 3w ago
A direct comparison would suggest STI ETF would have lower expense ratio. However personally, I would instead go into roboadvisors for a more diversified portfolio and easier managing of risk profile suited for yourself. Both STI ETF and Aberdeen Singapore Equity Fund both have significant weightage on financial companies. Both funds are rather defensive and there's limited potential for growth. For instance STI ETF weighs the basket of blue chip companies via market capitalisation which may inadvertently over allocate for the over-valued companies and neglect the undervalued (through no fault of its own).

ETF

Investments

AMA The Fifth Person

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 3w ago
Yes, you can. However, returns from ETFs will be limited as compared to directly purchasing the equity directly. As you have stated, management fees will accumuate more so when your entire portfolio is ETFs. You should look at the tracking error of both SPDR STI and Nikko AM and management fee first. If SPDR STI is lower for both, you can consider switching. Iit takes some time to switch as ETFs relies on DCA and you should not lump sum transfer your ETF. Yes you can buy other local SG ETFs from DBS Vickers. Do note that there's also charges for storing your units.

Investments

General

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 3w ago
Of course but it'll be a bit tricker. It's hard to perfectly time the market so as to buy at the trough and sell at the peak. However, there's still things you can do to improve your chances. One You can look at companies that produce non-cyclical consumer goods. For instance, when economy is doing well, people will buy more ice-cream to enjoy. When times are bad, more instant noodles. These companies are much more resilient though they can be pricey. You can also look at transportation services. Chances are, people are less willing to spend so much on grab, taxis and the many when they have lesser pay. You get the idea. Two Hold the asset long term. Equities by nature tend to appreciate over time and it is likely that you'll still profit even if you bought near the peak over long holding period.

Investments

Lok Yang Teng
Lok Yang Teng,
Level 6. Master
Updated 3w ago
The purpose of financial advisors is to guide you and give you financial advises tailored to your needs .This can be particularly useful for those who are overwhelmed by the insurance choices or not knowing where/how/what to start investing. Nowadays, there's many comparison websites and community sharing platforms which gives honest feedbacks and advices which may replace human financial advisors (of which some usually hard sell). Personally, I would read up a lot from various sources online compare the information and then make a judgement. If there's still something that stumbles me, I would ask the community for their unbiased views!
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