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MT2020

Just an average Singaporean who loves his bubble tea and chicken rice

MT2020

About

Just an average Singaporean who loves his bubble tea and chicken rice

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MT2020

  • Answers (362)
  • Questions (0)
  • Reviews (0)

General

Investments

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
You are still young, it would be good if you can study more about investing first. the RSP is a good start for you.
šŸ‘ 0

Investments

Stocks Discussion

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
There is no right or wrong answer, some people might sell the stocks because they feel that is overvalued while some sell because they need the money. It depends on you.
šŸ‘ 0

Investments

Savings

General

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
Yes, that is the right mindset. It is good to have at least 3-6 months of emergency fund. Only invest what you can afford to lose.
šŸ‘ 0

Dividends

Investments

REITs

SeedlyTV EP05

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
You are still very young, you can accumulate the dividends into a larger amount before investing it.
šŸ‘ 0

Investments

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
You should not borrow from bank as much as possible. you must account for emergencies as well. What if you are unable to work. This will cause a lost of income and you will not be able to pay back a loan.
šŸ‘ 0

SeedlyTV EP05

Investments

REITs

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
It would be good to start as early as possible. this is to alow compounding to take place. A low interest rate would allow reits to thrive as they rely on gearing.
šŸ‘ 0

DBS Multiplier Account

Interest Rates

Savings

Savings Accounts

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
If you are between the age of 18-26, you can consider creating a standard chartered jumpstart accounts which pays an interest of 2% per annum.
šŸ‘ 0

Savings

General

Investments

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
7-10 % interest is very high. Please check what is the company doing with your money. The last thing you would want is for you to not get back your principal in full.
šŸ‘ 0

Savings Accounts

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
If you put all your money in one account, there will be a tendency for your to overspend. That is the reason why people will keep their money in 2 seperate account.
šŸ‘ 0

Investments

Savings

Robo-Advisors

MT2020
MT2020
Level 7. Grand Master
Answered 4w ago
Congratz on starting on your investment journey. Seedly has many great information on how to get started. You can also head down to the library to borrow books about investing to improve your knowledge.
šŸ‘ 0
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Level 7. Grand Master
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