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Nicholas Tan Yi Da

Matriculated SUTD 2019. Open Electricity Market promoter, feel free to ask any qns about the OEM market, glad to help you ans šŸ˜Š

Nicholas Tan Yi Da

About

Matriculated SUTD 2019. Open Electricity Market promoter, feel free to ask any qns about the OEM market, glad to help you ans šŸ˜Š

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Nicholas Tan Yi Da

  • Answers (25)
  • Questions (13)
  • Reviews (7)

Payments

TransferWise

Remittance

Are there any feedback on using TransferWise?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered 3w ago
I think you can refer to the transferwise product review page on seedly for answer. But it should have more competitive fees than banks, cos thats what they are here for.
šŸ‘ 1

Investments

Online Brokerages

Brokerages

Iā€™ve read up on most of the brokerage firms but I am still confused and unsure of what to choose. What do u guys personally use or recommend?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered 3w ago
Well, one of the factors I will consider is the trading costs involved. To me, if you are looking to get local sgx stocks, I will recommend FSMone as it has very competitive fees compared to Philips or other brokers Another factor i will consider is the ease of use of platform. For myself, my original account was philips but i switched to fsmone as i find the UI for philips abit clunky and difficult to use(ok lah, some people like cos it got lots of options/tools, but i find it too messy)
šŸ‘ 0

S&P 500 Index

ETF

Investments

Online Brokerages

Why isnā€™t it a good idea to just put all my investments into a single S&P500 ETF (CSPX, VUSD etc)?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered 3w ago
This is because you may lose out on other potential growth stocks which may also generate higher returns in the future, say in the case of Amazon, Tesla. So best also not to put all eggs in one basket, which is the etf
šŸ‘ 1

Lifestyle

Transportation

Are we able to buy tickets for the KTM without a Malaysian bank account?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered on 17 Oct 2019
Yeah, you should be able to via easybook website. Dun know where u get this from but from what I know it's fake news.
šŸ‘ 1

Electricity Retailers

SeedlyTV S1E08

What should I focus on when choosing a retailer? ?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Updated on 11 Jul 2019
My general rule of thumb is to choose companies that are 1)big well established companies(e.g. companies with their own power generation factories like tuas, keppel etc. 2)trustworthy 3) transparent in their billing/fees and also for some who wish more convinience , maybe choose ones that are the same SP bill. Hope that helps:)
šŸ‘ 0

Electricity Retailers

SeedlyTV S1E08

Why do some plans require an Advanced Meter while others do not? Are there any advantages of changing to an Advanced Meter?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Updated on 10 Jul 2019
Take note, most electricity plans do not require AMI meter, the govt will eventually install for everybody for free Unless u choose very special plans: e.g. both day and night have different charges, thats when AMI comes in to track how much u use during day n night individually to calculate the total cost. Hope that clarifies :)
šŸ‘ 1

iSwitch

Electricity Retailers

SeedlyTV S1E08

Why does iSwitch charge an admin fee while the rest don't?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered on 10 Jul 2019
Well that one they answered in the faq on why they charge ah, u can go check it out.
šŸ‘ 1

Electricity Retailers

SeedlyTV S1E08

Why has the market opened up to so many retailers? Wouldnā€™t this result in consumers experiencing the paradox of choice?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered on 10 Jul 2019
True i agree there is just too many companies to choose from,as mkt is already so small and competitive, as to how to choose one, u can take a look at my profile for the similar qns i answered, hope that clarifies :)
šŸ‘ 0

Electricity Retailers

SeedlyTV S1E08

I understand that all retailers are having a price war right now. Do you think that electricity prices will go up in the future?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Answered on 10 Jul 2019
Well prices will eventually go up for sure, cos of inflation and gst which u have to take note in future. However, prices will never ever go beyond SP price as mandated by EMA, so you will still save in future but probably not as much as now.
šŸ‘ 1

Senoko Energy

Diamond Electric

iSwitch

Sembcorp Power

Tuas Power

Electricity Retailers

SeedlyTV S1E08

How can I trust in your company that you won't close down in the months to come since all the plans are so similar?
Nicholas Tan Yi Da
Nicholas Tan Yi Da
Level 5. Genius
Updated on 10 Jul 2019
My general rule of thumb is to choose companies that are 1)big well established companies(e.g. companies with their own power generation factories like tuas, keppel etc. 2)trustworthy 3) transparent in their billing/fees and also for some who wish more convinience , maybe choose ones that are the same SP bill. Hope that helps:)
šŸ‘ 2
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