Nicholas Wong - Seedly
Seedly logo
Seedly logo
 
NW

Nicholas Wong's profile is not filled up yet.

Nicholas Wong

About

Nicholas Wong's profile is not filled up yet.

Credentials

Nicholas Wong's credentials are not filled up yet.

Nicholas Wong

  • Answers (5)
  • Questions (0)
  • Reviews (0)

Investments

How does DCA monthly and quarterly differ? Why do some prefer one over the other?
NW
Nicholas Wong
Level 3. Wonderkid
Answered 2w ago
Hi, there is actually no difference other than the amount of times you buy and the total units you buy per purchase. That being said different platforms might have minimum sum when it comes to DCA monthly and quarterly. For example, FSMone ETF DCA starts from $50 a month (depends of the exchange your dealing with eg HKEX HKD, SGX SGD) while their unit trusts are $100 a month for most of them. Both do not offer a quarterly subscription plan However for POEMs, you can opt for month or quarterly for their unit trust starting from $100 for monthly and $250 for quarterly minimum. Not too sure about their Shares Builder Plan sorry. But at the end of the day, investing should be a comfortable process so choose an amount that will let you sleep easy at night be it for monthly or quarterly DCAs. All the best for your investments!
ūüĎć 0

Investments

Savings

Seeking advice as I am new to investing. I would like to save 100k before I reach 45. Currently 35, After deducting all expenses etc with 2k spare cash per month for investing. Thanks. Any advice?
NW
Nicholas Wong
Level 3. Wonderkid
Updated 2w ago
Hi, I recommend you go down a path of 70% bonds and 30% equities for your portfolio. Due to your age, I do not think you are willing to take on high risks to grow your wealth due to people depending on you financially. Furthermore, based on what you have said, just by putting the money in the bank, you would be able to achieve your goal of 100k before 45. Of course, no one will complain about having more money than they target to have. As such I have made a possible route for your investment down below assuming a 105% return. ! Might I recommend you use FSMOne ETF RSP for your investment. This is what I would recommend you invest in each month as well as the fees involved' Equities: iShares Core MSCI AC Asia ex Japan Index ETF (HKEX.3010) (200 SGD) Vanguard S&P 500 ETF (NYSE.VOO) (300 SGD) Vanguard Total World Stock Index Fund ETF Shares (NYSE.VT) (100 SGD) Bonds: iShares Barclays USD Asia High Yield Bond Index ETF (SGX.O9P) (400 SGD) Xtrackers USD High Yield Corporate Bond ETF (NYSE.HYLB) (400 SGD) NikkoAM SGD IGBond ETF (SGX.MBH) (600 SGD) Total fees per month: less than 10 dollars This should give you a balanced portfolio for you to reach your 100K goal before 45 and maybe more! Cheers! And happy Investing!
Answer image preview
ūüĎć 0

Investments

CPF

Unit Trust

Retirement

Would you use your CPF OA to invest in Unit Trust? Any views on this ?
NW
Nicholas Wong
Level 3. Wonderkid
Answered 2w ago
Personally I would not put a single cent of my CPF money into investments as it is hard to find a 100 % safe investment that returns you a guarentee 2.5%,4% and 6%. Do not forget that the whole purpose of the CPF is for your future retirement money so you might want to keep it safe and risk free. If you are thinking of investing a portion of your retirement money into any form of investment, you might want to consider opening a SRS account with any of the 3 main banks in Singapore (DBS, UOB, OCBC) put money in them and use the money there to buy into Unit Trusts instead. By doing this, not only do you invest for your retirement, you also keep your CPF protected and you can reduce the amount of income tax you pay since money that is contributed to a SRS account, like the cpf contributions, are not taxable.
ūüĎć 1

Investments

FSMOne Fundsupermart

Syfe

Robo-Advisors

Online Brokerages

Which is more cost efficient or rather cheaper? RSP via FSMone or RSP via Syfe equity100?
NW
Nicholas Wong
Level 3. Wonderkid
Answered 2w ago
For Syfe you will be paying an increasing amount the longer you stay invested in them. That is because they will charge a percentage of your total holdings with them means effectively your cost will be compounded over time. However, the added benefit is that you will not need to worry about portfolio rebalancing as Syfe will help you with that based on how they view the market conditions. For RSP via FSM, you will need to invest at least 50 dollars for each etf you select in their denominated currency. Meaning to say if you want to buy the S&P 500 etf on FSM it will be at least 70~ SGD per month. If you are an investor who is just starting out and do not have much capital for investment the cost of investment per month will be more taxing on you should you choose more than 3 ETFs however you do save on the fees in the long run significantly. Of course do take note that you might want to invest more than 100 per etf in order to keep the commision fees below 1% of your invested amount but that is just my suggestion to you.
ūüĎć 0

Investments

Robo-Advisors

ETF

Are Robo-Advisors enough as an investment? Should I move into ETF and the other things?
NW
Nicholas Wong
Level 3. Wonderkid
Answered 2w ago
It depends on what you value more. If you don't mind paying abit more in terms of fees and have a more simple investment with auto portfolio management then robo is for you. Otherwise if, as what Chuan Lee said, you want to learn more and have potentially higher returns due to lower fees then you could try crafting your own ETF portfolio. I think the biggest catch with going into ETF is able to be able to stomach the potential losses and the ignoring the human thinking that "aiya I should have sold" or "aiya should have bought more" especially during this volatile period. But nothing is stopping you from doing robo first and once you become more confident doing up your own portfolio there after. Importantly is to start investing early and stay invested! All the best for your investment journey!
ūüĎć 0
Level 3. Wonderkid
17PointsGoal 40
23 POINTS TO LEVEL UP
Browse Rewards