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Rais M

Life is simple. Don't over complicate it.

Rais M

Accountant at SME

About

Life is simple. Don't over complicate it.

Credentials

Accountant at SME

Rais M

Accountant at SME

  • Answers (353)
  • Questions (12)
  • Reviews (0)

Citibank

Credit Cards

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
3 ways to manage this 1) Set up GIRO with another bank account so that payment will be made on time 2) Pay manually via internet banking. But do not forget 3) Pay via AXS. But do not forget as well.
šŸ‘ 0

Dividends

Investments

REITs

SeedlyTV EP05

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
Dividends may be small at the start, but you can always slowly accumulate them. It is like a snowball effect. What I do is whenever I receive any dividends, I will put them into my warchest and track them. As time pass, you will realised that your dividends will grow from $100 a year to $1000 a year or more. With that, you can effective start to use your dividend to buy more stocks.
šŸ‘ 0

Fixed Deposits

Singapore Saving Bonds (SSB)

Investments

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
It depends. You really need to compare the interest rates for both SSB and FD at the very point of time you are going to invest. Obviously, choose the ones that will give the better interest rate.
šŸ‘ 0

Savings

Standard Chartered

Savings Accounts

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
Completely no catch at all. I would have go for it if I am within the age limit. In fact, if you own this account, it seems you can even get to enjoy using it for the rest of your life and enjoy the 2% interest rate.
šŸ‘ 0

ETF

Investments

Standard Chartered

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
Yes. You should create a CDP account. There is no fees or minimum trade requirement at all. As for sell off ETF, as I do not see any context on this question, the general advice would be to sell when the current share price is higher than your purchase price.
šŸ‘ 0

Lifestyle

SG Budget Babe

Marriage

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
For general expenses such as food While dating, I would foot the bill most of the time as I am earning more than my gf. I can't bear to see her spending too much on food and rather she saved them up. Now that we are married. I don't have a choice anymore because my money is somewhat her money, and her money is still her money. So I happily pay for everything. For household related expenses Expenses only began when we got married. We have a joint account and we manage from there.
šŸ‘ 0

Geneco

Savings

Electricity Retailers

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
The killer is the air con. Generally, we will avoid using air con in the living room, unless we have guests. We will turn on the air con for 4 hours every night. Once the air con is auto off, our fan will auto on for the rest of the night. And of course, switch off all lights if they are not in used.
šŸ‘ 0

Savings

Savings Accounts

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
I used OCBC 360 as my salary crediting account. Each month, I will transfer out 90% of it to my expense account in POSB. The balance 10% will remain in OCBC 360. The reason for using OCBC 360 is because of its higher interest rates.
šŸ‘ 0

REITs

Investments

Property

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
There is a statutory requirement for REITs to pay out 90% of their taxable income as dividends to the investors. This gave people the impression that REITs are very good dividend stocks. On top of that, REITs as an investment is also something many people can relate to, like almost all the shopping centers that we go to are part of a REIT.
šŸ‘ 0

AMA SG Young Investment

Savings

Family

Rais M
Rais M, Accountant at SME
Level 7. Grand Master
Answered 4w ago
What I did with my siblings was a little extreme. First, I explain to them nicely on the need to manage their finance and also how savings and investment can help. Next, I literally make them set up a savings plan and the POSB Invest Saver account right in front of me. You can say I force them to do so. I admit I kinda force them to because if I do not do it, they will just leave it hanging and not take any actions.
šŸ‘ 0
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Level 7. Grand Master
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