Milly Fbk - Seedly
 
Milly Fbk

Milly Fbk's profile is not filled up yet.

Milly Fbk

About

Milly Fbk's profile is not filled up yet.

Credentials

Milly Fbk's credentials are not filled up yet.

Milly Fbk

  • Answers (13)
  • Questions (0)
  • Reviews (0)

Credit Card

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 14 Jul 2019
Hi, If you want to miles, do as what Josh said. If you want to earn cashback, I will recommend HSBC Advance Credit Card. Get 1.5% cashback on all purchases when you spend S$2,000 and below Get 2.5% cashback on all purchases when you spend above $2,000 HSBC Advance banking customers enjoy an exclusive additional 1% cashback you can ask me more if you like Cheers!

CPF

HDB BTO

Resale HDB

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 14 Jul 2019
Try again? If not explore other options. 1 option I see most Singaporean don't think about is renting. I find it perplexing. At the start of your adult journey, you probably don't need that extra room in your house, so rent yourself a nice condo or a small HDB unit (whatever pleases you)

Property

Resale HDB

Loans

Milly Fbk
Milly Fbk
Level 4. Prodigy
Answered on 14 Jul 2019
If you planning to buy an HDB and enjoy its grants in the future then you need to 'repay' back some money if you took up the grants for your current HDB. This is to ensure no one can forever enjoy subsidies forever. You can look at the quantum here https://www.hdb.gov.sg/cs/infoweb/residential/selling-a-flat/financing/computing-your-estimated-sale-proceeds/selling-a-flat---resale-levy

Loans

Investments

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 14 Jul 2019
There are a few factors to consider like Withdrawal Limit, Total Debt Servicing Ratio and etc but I assume these are not your concerns. So, it all boils down to Time Value of Money! Do the option where it maximise your Future Value. So it depends on what loan you're talking about. If it's HDB loan, I rather not pay it as the effective interest rate is low, but if its a car loan, maybe I would if there's no penalty. So yea. It's best if you know how to calculate it yourself but there are lots of TVM calculators around also.

Credit Card

Savings

Cashback

Standard Chartered

SG Budget Babe

Milly Fbk
Milly Fbk
Level 4. Prodigy
Answered on 14 Jul 2019
I think it's worth at the point where you took out all or atleast $100,000 CPF and just want to spend and spend and spend and spend.

Insurance

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 13 Jul 2019
As true as what the Hariz says, don't give up until the insurers says no, as Hospitalisation Insurance is very important. I recommend you try Aviva for as they have a momaritum underwriting option. Read this link below. In short, Moratorium underwriting offers the chance of having pre-existing conditions covered after a period of time. https://www.sgmoneymatters.com/moratorium-underwriting-by-aviva/ Cheers!

REITs

Investments

Milly Fbk
Milly Fbk
Level 4. Prodigy
Answered on 13 Jul 2019
Hi, you're a business owner so in my opinion, nothing makes more then to invest in your own business. But if you wish for some passive side investments, well, do as what everyone is doing. Do some stocks, bonds, unit trust, P2P lending. From your information, I see that you can benefit from SRS, and you can use that as reduce your tax and also invest. Also, do look into CPF top up, especially for your retirement like what Leong is saying. Also, I am assuming you have yet to consolidate your strategy above. You can get a DBS multiplier account. The SSB counts as the investment option and I'm sure you can arrange for a credit card as well.

Retirement

Property

Milly Fbk
Milly Fbk
Level 4. Prodigy
Answered on 13 Jul 2019
Hi, To answer your question, I have no answer as there are many factors that you should look into other than financial. Like what Josh is saying. But personally, going out of question (sorry) , I rather take all the subsidies that the government is giving , ie buy in a non matured estate. Then after 5 years, sell/rent it and go buy yourself a private condo in the matured estate, with all the cash saved from not buying the matured estate BTO. The matured estate Condo can appreciate more then a matured estate BTO can as simply it is not HDB.

Investments

Savings

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 13 Jul 2019
Hi, If you can do what Jefremy or Hariz mentioned I applaude you. Its a good strategy I must say. But carries a certain risk also. Usually when I advice my other casual friends, I would exactly do as what you mentioned above. Go learn the market, and experience the stocks and ETFs yourself. My turning point was when I lost some money doing simple traditional investments, so I made a decisions to learn more like what Hariz and Jefremy is doing now. Once you are more educated of the financial market, feel free to invest into non traditional ways.

Investments

Savings

Milly Fbk
Milly Fbk
Level 4. Prodigy
Updated on 13 Jul 2019
Hi, Before you go investing, you should get your insurance right first as, you don't want to fall into the case where you need to sell your investments because your insurance doesn't cover you enough. So, get your: Hospitalisation and Personal Accident Insurance. Mortgage Insurance. Home Contents Insurance. Life and Critical Illness Insurance (once you have dependants e.g. old parents or children). Also, at the same time, keep a healthy sum as emergency funds in a high yielding interest account (maybe DBS Multiplier). Just imagine if you're suddenly retrenched, so how much money you would need to survive til you get a new job. After all these, then your cash is called spare. With the spare cash, you can divide into 3 parts. 1) Short term investment 2) Mid term investment (E.g. children needs) 3) Long term investment (E.g. retirement) Short term. You can consider maximising your high yielding saving account. For the risk taker, you can try purchase crowdfunds. Mid term. You can consider Endowments. If you don't mind DIY you can purchase unit trusts or ETFs. Long term. You should consider Maximising your CPF SA, by transferring from OA or cash top up. Just some basic guidelines, further information are found all over the Web. If all these not possible, although not recommended, just buy a ILP but please don't buy ILP as your first choice.
Load more questions
Level 4. Prodigy
49PointsGoal 125
76 POINTS TO LEVEL UP
Browse Rewards