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Matthew Tan

An individual learning to let interest work for me rather than against me

Matthew Tan

Incoming Undergraduate at NTU

About

An individual learning to let interest work for me rather than against me

Credentials

Incoming Undergraduate at NTU

Matthew Tan

Incoming Undergraduate at NTU

  • Answers (48)
  • Questions (10)
  • Reviews (1)

FIRE Movement

Savings

Investments

Lifestyle

What has been the number 1 challenge in your personal finance journey?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 3d ago
Only started budgeting 3 months back so I would say the lack of financial knowledge when I was younger! I was just spending my money randomly without having a proper budget or goal in mind. Im lucky to have come across the Seedly community and various finance blogs during my last few months of NS.
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SeedlyTV S2E02

Investments

Lifestyle

Career

What got you interested in investing and at what age did you start putting in more time and effort into it?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 3d ago
I first started with forex when I was 18 as my intern supervisor was doing it and shared his knowledge about it. It was a small capital but I eventually got whipsawed and decided to cut loss. After coming across the cashflow quadrant by Robert Kiyosaki, I went on to find out more about long term investing and passive income. The idea of letting assets generate cash flow got me interested and the thought of owning businesses (even though a tiny amount lol) was exciting. Since then, I've allocated a small portion of my monthly NS allowance to DCA into sti etf and robo advisors. Im still learning the ropes by reading books and looking around Seedly forum to eventually do my own DIY investing. I recommend putting your existing capital into a high interest savings account first to let compounding do its thing. Then, continue looking through the Seedly forum and Seedly articles as well. I believe this article can give you more clarity. All the best! https://blog.seedly.sg/ultimate-personal-finance-compilation-of-articles-for-fresh-graduates-first-job
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Robo-Advisors

Stocks Discussion

StashAway

Investments

Online Brokerages

Stashaway ERAA - It talks a lot about data that benefits the users. How do I know if it is reliable?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 5d ago
Here is an article by fidelity which talks about investing in different economic cycles. The article talks about how certain equity sectors perform better in some phase of the business cycle. For eg defensive sectors like Healthcare, Consumer Staples & Utilities. https://www.fidelity.com/viewpoints/investing-ideas/business-cycle-investing I dont personally invest with Stashaway but I do find that the ERAA and business cycle investing is pretty similar but I might be wrong. Im invested in Syfe global portfolio instead and its pretty interesting to see how they reoptimize the portfolio to buy into those defensive sectors like in the article.
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Robo-Advisors

Investments

Stocks Discussion

Online Brokerages

Would you recommend DCA or lumpsum?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 5d ago
Historically, lump sum has proven to outperform DCA. However, with that being said in times of high market volatility like the one we're facing now, it might be wiser to stick with a DCA approach be it monthly/quarterly or whatever periods. This is because if you invest a lump sum now and the market drops but make a V shape recovery, it is technically 0 % price change from where you started. However if you invest periodically instead, you'll be able to average the price out. Here is the post from another Seedly member which I've referenced from! Hope this helps. https://www.blog.pzl.sg/dollar-cost-averaging-singapore-does-it-really-work/
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Syfe

Robo-Advisors

COVID-19

Investments

Should I go for Syfe 100% or risk-managed in this current COVID situation?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 5d ago
Personally I'm going for a 100% reit option as I have a long horizon. I wouldnt want to increase my exposure to a local bond fund since the global portfolio already has US bonds. On top of that, there is an expense ratio on the ABF bonds as well. Ultimately its up to you and your attitude to risk, 100% reits means you're able to capture the full returns of the s-reits but that being said, the full loss too. If you're unable to decide, stick with the risk managed one as they will ultimately rebalance to have a higher allocation to reits once market volatility decreases. Hope this helps!
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FSM One

Online Brokerages

Brokerages

COVID-19

Investments

Stocks Discussion

S&P 500 Index

Hi guys, I'm just wondering if anyone here buys S&P 500 stocks? And if so, which broker would you recommend?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 2w ago
There are many brokers out there but the popular ones are IB, Saxo and Standard Chartered. Heres an article to compare the different brokers! https://blog.seedly.sg/how-to-buy-us-shares-in-singapore-and-open-brokerage-account
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Stocks Discussion

COVID-19

Investment Courses

Online Brokerages

Investments

Personal Finance 101

Any good finance channels on YouTube in Singapore? I found one (link in description) which is relatable n relevant but is it good?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 2w ago
Not a finance channel on YouTube but I follow thewokesalaryman and TheSimpleSum on Instagram! The content is relevant as they talk about CPF as well. For YouTube, I follow Stephen Graham, Andrei Jikh and Dave Ramsey though the IRA, pension and tax loss harvesting dont really apply to Singapore's context.
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Investments

Stocks Discussion

Robo-Advisors

Online Brokerages

ETF

Lifestyle

When did you start investing and why?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 2w ago
Started few months back where I was on YouTube. I chanced upon a video by Robert Kiyosaki on the ESBI quadrant and afterwards about cashflow and how buying assets can generate more income for you. Since then, I've started taking a look at my personal finances and started budgeting my NS allowance. Been lucky to discover the seedly community, thewokesalaryman and bogleheads to learn more about passive investing via index etfs and robos.
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POSB HomeTeamNS-PAssion-POSB Debit Card

Debit Cards

POSB

What kind of 1-1 offers does the POSB Home Team NS PAssion POSB Debit card offer?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 2w ago
They usually update the promos on the website so it differs. If you're someone who uses the facilities at Home Team NS for eg gym/swim then sure!
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COVID-19

Lifestyle

General

What are the best workout programs that you've done and managed to lose weight? Any recommendations for the best workouts?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 2w ago
Sounds cliche but similar to growing wealth, fitness is about the long term journey too haha. The main goal is to increase your daily activity level during this CB period. Pick some workout that you enjoy and can stay committed to! Theres no great benefit if you commit to something intense for 2 weeks but stop after that. That being said you can go for walks/runs or have a zoom session with your friends to make things fun! I think a popular one right now is the chloe ting ab workout.
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Level 5. Genius
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