Randall Tan
60 upvotes received
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No pain no gain.
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  • Answers (22)

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  • Reviews (5)

  • Topics (4)

  • Asked by Adrian Yeo

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 23 Aug 2018
    You might want to take a look at IWDA from LSE. IWDA is an index fund that tracks MSCI World and it is based in London Stocks Exchange. - No tax withholding because of how the fund is reinvested into the fund. https://www.bogleheads.org/forum/viewtopic.php?t=221000 & https://www.ishares.com/lu/individual/en/products/251882/ishares-msci-world-ucits-etf-acc-fund?siteEntryPassthrough=true&locale=enLU&userType=individual
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 27 Jul 2018
    You can try www.udemy.com. Currently I have signed up a few courses and it is simple to follow and best of all, if you are unsure you can rewatched it. They have a lot of communication skills courses. Some of them are eligble for skillsfuture and if you can have up to 30% cashback from Shopback! Double WIN!!!
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 19 Jul 2018
    I would recommend the following: Life skill : Save your love ones! - Swimming - Life saving skills - CPR + AED http://www.lifeguard.sg/courses/lifesaving-123-award/ Social skill : Improve relationship - Communications skills https://www.udemy.com/elite-communication-skills-to-get-what-you-want-with-words/ Personal finance : Nobody Cares More About Your Money Than You Do - Investment courses https://blog.seedly.sg/singaporean-investment-courses/ Adventure : What is life without fun? - Sky-diving - suba-diving - Para-gliding - Wake-boarding - Moutain climbing Most importantly, you must enjoy it!
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 19 Jul 2018
    Maslow's Hierarchy of Needs: A motivation theory. Only you can answer this question by asking yourself these questions. 1. Physiological needs : Does the job pay you well? 2. Safety needs : Is there job security? 3. Belongingness and love needs : Does my family and friends support what I am doing? 4. Esteem needs : Is this a prestigious job? Do I find meaning in what I am doing? 5. Self-actualization needs : Will this job allow me to achieve my personal potential, self-fulfillment and personal growth? Well, as a scholar in the civil service you have fulfilled points 1 and point 2. By asking the question in the community you are seeking points 3 and 4. Point 5 is the hardest to achieve but if you do, congratulation! Lastly, if this career does not satisfy your needs, you will eventually leave the service.
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 17 Jul 2018
    Let's take a look at your situation - $300 to spare every month for Retirement - Saving for emergency fund - Saving for flat purchase - Giving allowance to your parents Account balance up to $60,000 will enjoy additional 1% - Ordinary Account (OA) – 3.5% - Special Account (SA) – 5% - Medisave Account (MA) – 5% 1. Given the interests rate of CPF, I will not buy retirement plan from insurance company 2. I will use the $300 to top up my CPF under RSTU for income tax relief. 3. I will not transfer OA to SA if I decided to use CPF to pay for my flat. But if I have no issue using cash to pay my flat, I will transfer OA to SA to earn higher interests. To find out more: https://blog.seedly.sg/should-you-transfer-cpf-oa-to-sa/ Remember CPF is your money
  • Asked by Sylvia Lew

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 17 Jul 2018
    Method 1: Seedly App - Use DBS Multiplier for Savings, wealth and expenditure. Use Seedly App to track your inflow and outflow. Method 2: POSB Savings - Allocate an amount for expenditure to this account monthly. ( No minimum spend on credit card for DBS Multiplier) Currently, I am using both methods. I track everything using the Seedly app and every month I will transfer $500 to my POSB Savings account for expenses. I am using DBS debit visa card as my main card as most of my expenses comes from contactless payment. (10% cashback https://www.dbs.com.sg/personal/promotion/beepbeepkaching) To fulfill DBS Multiplier criteria, I spend at least $1 on DBS credit card. Hope it helps!
  • Asked by Eileen Chua

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 15 Jul 2018
    Check out this website. https://blog.moneysmart.sg/healthcare/health-screening-singapore-cost/
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 15 Jul 2018
    Extracted from: https://www.dbs.com.sg/vickers/en/resources/faq/cash-upfront-account 1. Log in to your DBS/POSB iBanking account, mouse over the “Invest” tab, click on “More Investment Services” and select “Top Up Cash to DBS Vickers Account”. 2. You may transfer funds from your DBS Savings Plus/S$ Current/Autosave, POSB Savings/Current accounts or Cashline account to your DBS Vickers Cash Upfront Account. Note: This service is available from 8.00AM to 11.30PM (indicative) on working days Monday to Friday. On the last working day of the month, this service is available from 8.00AM to 8.30PM (indicative). I think you may have to give DBS a call to change the settlement arrangement.
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 13 Jul 2018
    Given your situation, I would recommend you the following: 1. Do nothing to CPF Account balance up to $60,000 will enjoy additional 1% - Ordinary Account (OA) – 3.5% - Special Account (SA) – 5% - Medisave Account (MA) – 5% Transfer OA to SA to enjoy higher interests of 5% I would leave it in OA or transfer to SA given that CPF pays good interests. But if you still insist on taking the risk, do check out this article before taking the plunge. https://dollarsandsense.sg/cpfis-5-reasons-not-rush-invest-cpf-monies/
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    22 Answers, 60 Upvotes
    Answered on 13 Jul 2018
    The outcome of investing is to have a better retirement in the future. Think of retirement as a Pyramid - you will need a solid base to work on. My solid base consists of CPF, followed by global index funds (IWDA) and local index funds (STI ETF) - 110 minus your age equals the percentage to be invested in stocks and put the rest in bonds (CPF) - 50-50 split between local and global stocks Why CPF? Contribution to CPF RSTU and MA helps to reduce income tax . https://www.areyouready.sg/YourInfoHub/Pages/News-Voluntary-Contribution-vs.-Retirement-Sum-Topping-Up-Which-suits-you-better.aspx Meeting FRS early means that bulk of your CPF funds during retirement will be from the government. (Rule of 72, compounding interests) Eventually you will meet FRS and MA capped so why not take this chance to reduce your income tax! Why gobal index fund IWDA? - IWDA is an index fund that tracks MSCI World and it is based in London Stocks Exchange. - No tax withholding because of how the fund is reinvested into the fund. https://www.bogleheads.org/forum/viewtopic.php?t=221000 & https://www.ishares.com/lu/individual/en/products/251882/ishares-msci-world-ucits-etf-acc-fund?siteEntryPassthrough=true&locale=enLU&userType=individual Why local index fund STI ETF? - You do not want to expose yourself to too much currency risk
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