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Luke Ho

A financial services consultant. Zero filter, only hard truth.

Luke Ho

Kick-Ass Financial Services Consultant at Trillion Financial Planners

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A financial services consultant. Zero filter, only hard truth.

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Kick-Ass Financial Services Consultant at Trillion Financial Planners

Luke Ho

Kick-Ass Financial Services Consultant at Trillion Financial Planners

  • Answers (276)
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Investments

Savings

Retirement

Here's an idea, since Clarence already pointed out the very conservative approach you can do. I wrote this article for this kind of scenario. https://www.moneymaverickofficial.com/post/why-you-should-invest-aggressively-now-and-how-you-still-can-have-peace-of-mind Take an aggressive approach. Statistically, any portfolio that has a 20 year horizon or above, with Dollar-Cost-Averaging like yours ($1000/mth or $12000 a year) can afford to go 100% equities. You have a couple of options (non-inflation adjusted) 1) Take riskier, concentrated positions and go for 13% or higher annualized - you'll have about $1mil in less than 20 years. 2) Take a diversified global portfolio option but with 100% equities. With rebalancing that I offer on my end, you could try for a decent 8% net of fees easily. So again, you could get $1mil in about 20 years, letting it roll for 7 more years for considerable less risk. I would recommend this option if you don't have a lot of investment experience. In any case, you can see from both cases that you can retire well before 60. To cope with inflation, we can turn your lump sum into a variable annuity - meaning that we'll strategically calculate how much money should be withdrawn along with your dividend to match inflation and you'll be dead before the entire sum is used up. We'll also adjust your portfolio as you get older to make this end result more favorable. Go big, since you're already starting so young and investing an amount that's pretty high for your age. For illustration, here's a successful recipient of example number 1 - his capital was $12,000 in December 2018, and it's this much now. ! Do feel free to contact me if you'd like help, as I'm an investment specialist. https://www.facebook.com/luke.ho.54
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StashAway

Robo-Advisors

SeedlyTV EP04

Investments

There's a ton of other options, because if you're looking at long term results across a portfolio that is going for 20 years or longer, many things beat Stashaway. The SNP500 alone. QQQ Index. Emerging Market Index. Or if you wanted significantly higher alpha, active funds that outperform the strongest index in the world by 4 percentage points net of fees. ! Some people would take two approaches to Robos 1) Trading regularly 2) 5 - 10 year approach, which is optimal because you get a very sweet risk-adjusted return. At some point in 2018, it's risk-adjusted return was so much better that I had to refer a client to it compared to my own product. So I don't look down on it, but I'm doubtful whether it's the best instrument for your situation. If you insist on looking at Robos or ETFs that it comes with, I'd still go with Stash compared to the SNP500 immediately - because I've written extensively on it and you can see that it has drops as high as 89%. https://www.moneymaverickofficial.com/post/why-you-should-invest-aggressively-now-and-how-you-still-can-have-peace-of-mind Yes. I'm not kidding. So it can be a bit hard for a newbie to stomach if it happens to you immediately, compared to the asset allocation that Stash will do for you. I also think that Stashaway, although it may not be as fee friendly as say, Autowealth - is better. The CIO just seems like quite a visionary. But please, don't take any of this as formal advice. Do get it from a professional. That's what it always boils down to anyway - because no one who's giving you advice here will take responsibility for what happens except a professional. https://www.facebook.com/luke.ho.54

Investments

Stocks Discussion

Overwhelmingly, you don't balance it. DCA works in very short periods. Even though the annualized yield was smaller on paper, the absolute return was higher. So if your time horizon is long (say, 20 years), you should invest it entirely regardless of the market cycle. There is an analysis here: https://www.moneymaverickofficial.com/post/how-my-5-2-investment-completely-destroyed-another-s-6-5-by-almost-300-000, Which is based on white paper studies from Vanguard. Money Maverick https://www.facebook.com/luke.ho.54

SeedlyTV EP07

P2P Lending

Loans

Investments

Anything that has collateral involved actually reduces the interest rates of the loan itself. If you take a formal qualification test e.g. m9, they actually describe bonds to be unsecured investments defined by credit rating only. Technically they're not entitled to put up any form of collateral either. That's why a bond can give you much higher interest than a mortgage loan, for example. Obviously, you'd want to pick a company which you can still sue and challenge for the monies, but it would still follow a hierarchy of debt - bonds first, preferred shares later, etc. So that's the risks you take for the absurdly high returns you get. Hey Gabriel. :) Money Maverick

Investments

Financial Planners

I gave some of my personal thoughts here on Christopher and the company as people. Structurally and professionally, I was very impressed. You need to be of high net worth to pay for the fees, though. I can only assume you will get top quality advice because they take their end product extremely seriously - which you should since a fee is fixed regardless of affordability. You pay for results. https://www.moneymaverickofficial.com/post/money-maverick-vs-providend

CPF

Only private annuities that can prove lifetime payouts e.g. annuities till 80 will not cut it can POSSIBLY allow you to opt-out.

Salary

Career

You absolutely should. Freelancers of a high professional operational level would typically have very specific forms that show that they've been paid so much for their work. You have to compile these, show dates and demonstrate that you're worth that much. I think a better way to negotiate what is basically a 33% raise, is to really show how much value you've brought to the startup. Talk to your boss about how things have changed for the work you've done and you'll have a better negotiating position.

Investments

Stocks Discussion

I wouldn't bet against Michael Burry. Everyone laughed at him and everyone thought he was wrong at the time as well.

Insurance

Investments

Savings

You choose someone who solves the conflicts of interests by addressing them when you ask 1) How much do you make from this product 2) Are there any other options 3) Why you, over someone else 4) Expectations for future service and reasons for them E.g. "I will review with you once a year because it's in my interest to do so since your needs change and I want to create customer loyalty." I actually say this. https://www.facebook.com/luke.ho.54

Investments

Savings

What is your original goal for this money? - Yield - End Goal Amount - Purpose of Spending What do you understand from recessions? - Duration of a recession - Standard drops in a recession - Extreme drops in a recession - Factors that foretell a recession and how reliably - Why you think a recession will happen How is the current performance of your funds? - Is it anywhere close to its all-time high, and is that a cause for concern? - Is it in a climbing trend, stagnation or downward trend? And for how long? - Are any of these movements unprecedented? - Has the volatility spiked beyond the time you first looked at the fund? Personal Considerations: - How long is your investment duration? (refer back to ‘Original Goal for this Money’). Do you risk compromising the portfolio by switching out to something less aggressive? - How long are you willing to wait for a recession to happen? - At what price are you looking at switching to cash? - At what price are you looking at switching back to your original portfolio? Or a different one, and if so, why? - Your Alternatives: Do you understand each of the characteristics, strengths and weaknesses, potential costs of these alternatives? - Savings Accounts - Fixed Deposits - Global Bond Funds - Local Bond Funds - Local Bonds - Short Term Endowments - Gold - Money Market Funds - SSBs
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