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Npm Adele

Investing Enthusiast & Lifelong Learner

Npm Adele

18Upvotes

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Investing Enthusiast & Lifelong Learner

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Npm Adele

18Upvotes
  • Answers (23)
  • Questions (0)
  • Reviews (3)

P2P Lending

SeedlyTV EP07

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Updated on 07 Jun 2019
If you lend them they money and they default, you might lose the money you left them. Although some loans are secured, i.e. backed by assets, liquidation of assets might ultimately not able to pay off the loan completely due to various reasons. Further, it will be a time-drawn issue. Thus, you can consider your loan a write-off and the money is gone; focus on earning back the losses elsewhere. I guess that's the beauty of p2p lending platforms; you get to just loan small amounts per investor; so even if the borrower defaults, you lose $20. $50,. $100. $500, $1000 etc instead of $10k, $100k? Lesson? Invest what you are willing and able to lose.

Healthcare

Lifestyle

Npm Adele
Npm Adele
Level 3. Wonderkid
Updated on 07 Jun 2019
Mind & Soul - read, learn. I take courses but make use of subsidies/apply for awards where available. do your research!!! (e.g. NTUC UTAP, SkiillsFuture $500, SkillsFuture Qualifications Awards) Body - free programmes (SITC) and company-subsidised programmes (lunch workouts for $5/session!) - apple cider vinegar+honey+cinnamon+lemon in the morung for detox. be mindful of your appetite as it increases appetite, esp initially. can buy apple cider for about $7-8 per 900+ml bottle on qoo10 when on offer. drink lots of water to dilute the acid thereafter! - drink more water, reduce snacking, eat more fruits and vegetables Soul - I try to do some mindfulness meditation daily using free apps when commuting in the morning

Career

Savings

Investments

Credit Card

Lifestyle

Npm Adele
Npm Adele
Level 3. Wonderkid
Updated on 07 Jun 2019
- hit my next savings milestone - continuing saving over 80% while budgeting for expenses like learning driving - learn to and use my SRS account to invest wisely - learn how to and hit 6-8% yield p.a. - settle my critical insurance coverage - pick up stocks if market crashes, both for long term dividend and capital gains - learn more about investing through SGX and other public run free courses, while continuing to read up - network with fellow like-minded investors through Seedly and other events

Career

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 23 Apr 2019
Yes. The answer is pretty obvious, isn't it? You know deep down in your heart this doesn't suit you and you do not wait it either. If you retire at 60, you still have more than half your life ahead of you. Further, you are still young in your career, can afford to job switch easier now. Coding's rising too. So don't be afraid. Just need to step out of your comfort zone!!:D

Retirement

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 23 Apr 2019
Save the minimum 6 months to 1 year of emergency funds before investing. Simple but fundamental advice, imo. Investment funds should be monies you are willing and able to lose, and able to keep locked up. Hope this helps!

Robo-Advisors

STI ETF

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 21 Mar 2019
1. Globally diversified means you have investments in other countries apart from Singapore, namely mature markets (e.g. US, Europe), and emerging markets (e.g. the BRIC countries), such as by buying into stocks/ETFs etc listed in overseas markets. 2. $600 monthly DCA seems decent, it is ultimately up to your comfort level.

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 08 Mar 2019
Work not just hard but smart as well. continually seek to improve. Health too. Financially, it is relative. CPF is pretty risk free but locked-up, but for decent returns. Most others, high returns tend to come with higher risk...

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 27 Feb 2019
I'd ask, why china specifically? How's your investing experience/knowledge? I'd recommended just parking 10k to get started locally first. Find something you are familair with, or just buy a stock to get used to the market, decision making, following up on news and the 'feel' of investing. More importantly, only invest money you are willing and able to lose. If 20k is your total savings and not savings for investments, perhaps you should save 6 months to 1 year of pure emergency savings first. Only then start, and with 10k, a decent amount for stocks.

CPF

Investments

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 27 Feb 2019
Simply ask yourself 2 questions: 1) Can you almost-guarantee earning than 2.5% pa or even 4% in the long-run? 2) How comfortable are you with losing your capital in the short-run for longer-term gains? If you are less risk averse and know suitable products that pays more returns that the cpf interest rates, why not go ahead, especially if you are young and have decades till retirement?:) I don't think you need to worry about investment experience/knowledge. Such things are easier learnt along the way. :)

Investments

CPF

Npm Adele
Npm Adele
Level 3. Wonderkid
Answered on 27 Feb 2019
Can the aia recommended funds perform better than 2.5% pa in the long-run? Also, how comfortable are you with losing your capital? If aia funds can perform better than cpf, capital gauranteed or you are able to tolerate some losses short-term for greater long-term gains, then can consider the aia funds...
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Level 3. Wonderkid
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