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Png Cheng Xi Damien

Always learning. If it ain't broken, fix it anyway.

Png Cheng Xi Damien

Happy Life Seeker at Home

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Always learning. If it ain't broken, fix it anyway.

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Png Cheng Xi Damien

Happy Life Seeker at Home

  • Answers (81)
  • Questions (0)
  • Reviews (6)

SG Budget Babe

Savings

Lifestyle

How to be budget without being considered stingy?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 08 Dec 2019
Who you hang out with ultimately defines who you will become. If you have friends who are not understanding, you can either change their minds or change your friends. There are no two ways around this. It's more tricky when it comes to family, but family is just another "relationship bond", similar to friendship.
šŸ‘ 1

Investments

Stocks Discussion

Education

Worst financial/investment advice you ever got?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 04 Dec 2019
Agents asking me to buy ILPs - the single worst product among all the offerings by insurance companies.
šŸ‘ 1

Stocks Discussion

Investments

Will Berkshire Hathaway lose its edge without Warren Buffett?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 04 Dec 2019
He has mentioned several times that they have shortlisted a few successors, and they all passed his "test". So I guess that if you trust him, you'd trust his judgement (as per all his acquired companies) too.
šŸ‘ 0

Investments

Robo-Advisors

"digiPortfolio on digiBank" vs. "digiPortfolio on iWealth" - what is the rationale for the segmentation?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 04 Dec 2019
DigiBank is for poor people iWealth is for rich people
šŸ‘ 0

Seedly

When do you intend to restore the automated link between Standard Chartered Bank and Seedly?
Png Cheng Xi Damien
Png Cheng Xi Damien
Level 6. Master
Answered on 04 Dec 2019
Wrong place to ask this question fam
šŸ‘ 0

MileLion

Revolut

Is there a way to STILL earn miles for Revolut?
Png Cheng Xi Damien
Png Cheng Xi Damien
Level 6. Master
Answered on 04 Dec 2019
Card Grabpay Revolut I won't tell you which cards are ok for this; just call up the bank and ask it yourself!
šŸ‘ 0

Loans

Investments

What would be a better choice? Using lump sum of money to pay off one significant chunk of debt, or invest that money.?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 15 Jul 2019
What is the int rate on your debt? What kind of debt is it? If you don't know what you are doing, the best is to pay of your debt.
šŸ‘ 1

Career

Savings

How should a fresh grad save up for an overseas Master's Degree of an estimated $40k (inc. lodging & food)?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Updated on 09 Jul 2019
You already know the answer. It takes so long for you to save up the sum, you have to put down everything after ~8 years (including any bonuses, career progression, life plans) just to do a Master's degree overseas for a few years; and come back to start anew. How much will the masters give you in terms of employability and value?
šŸ‘ 0

General

What are some MLM companies/scams to watch out for?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 01 Jul 2019
All of them tbh.
šŸ‘ 0

PFF Panel 3

PFF Panel 2

Robo-Advisors

Investments

Seedly PFF 2019

If you had $1200 yearly to save/invest for your 18 months baby for her education, what would u invest in (robo?, DCA ETF S&P500?, kidā€™s CPF via VC?)?
Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 17 Jun 2019
Which level of education are you refering to? For university, you'll have around 18 years to accumulate. While many of those here are against this, I think that an endowment plan would actually suit you. Those longer than 15 years usually gives yield of around 3% p.a. compounded. Everything else has to depend on your risk appetite as those are investments.
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