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Ng Wei En

Personal Finance Enthusiast | Active and Passive Investor | Currently invested in SGX, US equities, ETFs, cryptocurrencies.

Ng Wei En

Top Contributor

Analyst at Mastercard

About

Personal Finance Enthusiast | Active and Passive Investor | Currently invested in SGX, US equities, ETFs, cryptocurrencies.

Credentials

Analyst at Mastercard

Ng Wei En

Top Contributor

Analyst at Mastercard

  • Answers (120)
  • Questions (5)
  • Reviews (6)

StashAway

Kristal.AI

Robo-Advisors

Investments

How often does Stashaway and Kristal.AI update the status of our portfolio? For Stashaway, I heard that it is updated once a day. What about Kristal.AI?
You are not able to lock-in an entry price on Kristal.ai which is why they reserve an additional buffer in case of price fluctuations until the purchase is made. FSMone on the other hand, gives you full control of your entry price.
ūüĎć 1

Savings

Insurance

Investments

Robo-Advisors

Stocks Discussion

Online Brokerages

I'm a 26F, working for 3 years, earning 5k a month after CPF. I bought insurance, with current savings of about 100k. 80k invested in local dividend stocks and robo (DCA $250 a month). Any financial advice for me?
Given yor age and info you provided, I think you should be able to undertake more risk and go for more aggressive growth stocks. Dividend stocks can still be part of your portfolio but perhaps a smaller proportion than current.
ūüĎć 0

Credit Cards

DBS

POSB

DBS Live Fresh Card

How do I view my pending credit card transactions for DBS? I have a DBS live fresh card and I cant seem to view the transaction I just made. Any advice?
It takes a while for your transactions to show up on the DBS Lifestyle app(for managing DBS credit cards) because the acquiring bank of the merchant has not processed the payment. This could take several days, sometimes even up to a week. For Citibank , you can download the Citi Mobile app to manage your credit card(s). For Standard Chartered Bank , its the SC Mobile app .
ūüĎć 0

Investments

Robo-Advisors

Stocks Discussion

Online Brokerages

Undergraduate

I have 100k cash now. What should I do?
You mentioned about setting aside money for insurance,tuition fees and emergency funds. You are well ahead of many others in both your financial planning and financial standing, especially among your peers. As for how to allocate 100k cash into investing, your proposed strategy would mean 100k AUM under StashAway which will put you in the tier of 0.6% management fees. This means you will be paying StashAway $600 for 100k of funds being managed every year. If you are looking to deploy this amount in a lumpsum, you may be better off buying directly into a range of ETFs from stock brokerages on your own. But of course, the management fees you pay to StashAway is for them to rebalance the portfolio on your behalf to ensure your returns are maximised. You get what you pay for in some sense. For many who plan to invest say 10k or less, roboadvisors are a good propisition because they pay less management fees than trading fees if they were to buy ETFs on their own. In your situation, you may wish to be open to the idea of buying ETFs directly. Given your stage in life(I assume you are a freshie in uni) and that you have planned for quite a number of things like insurance and tuition fees, I would feel that you are in a position to take on greater risk. For roboadvisory or StashAway specifically, you can still look at 50% income portfolio and 50% general investing but for the general investing portfolio, can suggest you go for 26% and above risk index. The above is based on the assumption that your circumstances are based solely on the info you provided. Either way, you are off to a great start!
ūüĎć 0

Investments

Stocks Discussion

Online Brokerages

Have anyone held a stock for more than 3 years? 5 years or even 10 years? How does it feel like and what you did to make yourself held on to it even when there are times you wanted to sell it?
You should think about selling a stock not because it's about time since its been 3 years or 5 years or 10 years, it should be about whether your investment thesis remains. This means whether the research that supports your decision in buying and whether the profitability of the company still sticks. Take Coca-Cola for example. The stock has been consistently giving out dividends year over year and is regarded as a very stable business because who doesn't love drinking Coca-Cola? It is a classic soft drink well-loved by many for decades, especially so for the Westerners. Investors who held on to Coca Cola stock over the decades have been well compensated with dividends. However, much attention has been paid to the harmful effects of overconsuming soft drinks and the high level of sugar that could lead to health issues like diabetes recently. Many countries are also starting to impose sugar tax to signal consumers to consider healthier alternatives. If Coca Cola adapts well and starts venturing into healthier alternatives, then you can consider holding on to their shares. If they still stick to their original Coca Cola as their core business as with previous decades, then maybe its about time to sell.
ūüĎć 2

Savings Accounts

Investments

Family

Retirement

Wedding

I am 24 years old with 50K in my traditional account (POSB). Where should I put my savings to maximise them? I would like to save for housing/wedding/car. Any advice?
High interest savings account can only get you so far with 1-2% interest(e.g Singlife's 2.5% interest up to 10k). To make your money work harder for you, you got too look at investing or increasing your income level by consistently upgrading yourself and being better at what you do month over month, year over year.
ūüĎć 0

STI ETF

Regular Shares Savings Plans (RSS/RSP)

Investments

DBS

Online Brokerages

ETF

Should I sell my STI ETF from invest-saver?
Based on historical performance, the STI has been underperforming compared to say the S&P500. Going forward, it is difficult to predict what the performance will be.
ūüĎć 0

Investments

Robo-Advisors

CPF IS

Endowus

CPF

In this forum, there are topics around diversification of assets and passive investing. Do you think it makes sense to invest in both CPF OA & SRS in Endowus?
I would prioritise investing SRS in Endowus because funds left in SRS only earn a miserly 0.05% p.a. where as CPF OA earns up to 3.5%. Having said that, there is also nothing wrong in deploying funds from both into Endowus or for investment-related purpose. The most critical factor for most is probably ensuring you have enough CPF OA for the downpayment of a property you intend to purchase in future or to finance your future/existing mortgage loan for X number of months as a buffer in the event you lose your source of income(assuming you finance your mortgage by CPF OA).
ūüĎć 0

Investments

Regular Shares Savings Plans (RSS/RSP)

ETF

Online Brokerages

Do regular saving plans on different platforms yield different returns even if you are buying into i.e. the same ETF?
This will depend on the trading fee imposed by the stock broker or platform that you are buying the ETF from.
ūüĎć 0

Insurance

Savings

Savings Accounts

Should I keep my pruwealth plan I bought this year? $4901.3 pruwealth and $1571.5 multiplier flex so it’s around 6k plus a year. Bad experience with one of the agents and was pressurized to sign. Any advice?
Suggest you get a reliable and trustworthy agent to go over your policies and determine if you are overinsured. It is difficult to determine if you should continue holding on to those plans without having knowlege of your personal circumstances like number of dependents, income level, etc.
ūüĎć 0
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