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Rave Ong Ci De

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Rave Ong Ci De

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Rave Ong Ci De

  • Answers (76)
  • Questions (0)
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Career

Education

SeedlyTV S2E03

Is it truly necessary to pursue higher education or not?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 17 Apr 2020
Certain industries, u cannot avoid the degree, e.g. Medicine. All the doctors display their certificates that they graduate from which university. Certain industries, it is good to have to differentiate urself to the next level of competition or offers easier access to accreditation, e.g. CPA, ATP. Generally, it depends on the industry and if the stakeholders use such degrees or equivalents to cast first impressions.
ūüĎć 0

Insurance

Lifestyle

Investments

Savings

Family

Do Insurance Agents actually disclose their commissions to their clients?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 08 Apr 2020
I have met many agents. So far, only one has, on the spot, without a single shred of hesitation, tell me his commission. I'm sure all products have such regulations. Otherwise, why need a licenced personnel to sell such product?
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Seedly

Healthcare

Lifestyle

COVID-19

What do you think we should do with 1,000 face masks?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 30 Mar 2020
Company usually will sponsor their staff with the necessary gear, so those vulnerable would be those that are self employed, e.g. Taxi drivers, free lancers, delivery staff, caretakers of charitable organisations such as temples, old folks home, etc.
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Investments

Stocks Discussion

COVID-19

How long do you think COVID-19 will last? When do you expect the stock markets to recover?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 06 Mar 2020
Covid-19 will never end. It will just end up becoming another common flu variant. Stock market? I'm gonna haphazard a guess of 12-24 months.
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Savings

Investments

Family

Lifestyle

Career

It's recommended that u do not invest any funds that you'll need for the next 3 years. But while saving for wedding/reno/kids, isn’t 3 years too much of an opportunity cost to not be investing?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 01 Mar 2020
It's a guideline, and you may choose whether you want to follow it or not. Ultimately, you need to know the rationale behind this guideline and whether/how much it applies to your individual circumstances. Also, this is not mutually exclusive. If you budget well, you would be able to save for your wedding/reno/kids and have money to invest.
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Stocks Discussion

Lifestyle

Investments

Personal Finance 101

What is the biggest challenge people have in their journey to financial wellbeing?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 27 Feb 2020
I feel that it is the external stimulus. Afterall, there is only so much willpower available to handle the opposing factions. Benchmarking against the wrong group of people? (who is the idol to mirror? A super saver, such as freegan, or investor. Even by investor, which form of investment and which idol?) Afraid to go against society's norm? A classic example can be something like "Payday is today. Let's treat ourselves well and Jiak Hor Liao/pamper ourselves or it's a norm to go overseas once a year by plane." Nothing wrong with travelling by plane or pamper ourselves, but is that what we really want, or what we are conditioned to think that is what we want?
ūüĎć 1

Career

COVID-19

Would now be a good time to change my job given the current COVID19 situation and its impact on the economy?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 26 Feb 2020
If you are looking for a job, then it is a bad idea to do it now. Currently, the market is skewed towards employers, as the economy really isn't doing so well. It is easier to bargain for a lower salary as the no. of jobseekers are likely to outweigh the job providers. If you are headhunted, then it is a different story. This would imply that the potential employer is likely to be willing to pay a higher remuneration to hire you. Still, proceed with caution, as this hinges on the company's ability to survive the upcoming crisis.
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Savings

Personal Finance 101

Savings Accounts

How many bank accounts do you own? And for what purposes?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 25 Feb 2020
Had about 4 POSB - nostalgia purposes. GIRO deduction mainly from this bank account, as it has the lowest minimum balance. Multiplier - main bank OCBC - original main bank. Subsequently redesignated as OCBC/GE's cashflow credit card settlements CIMB - hidden/forgotten bank, hence designated as emergency funds account.
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Stocks Discussion

REITs

Investments

Considering the impact Covid-19 is expected/has had on the markets, why are the REITs in SGX still going up?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 24 Feb 2020
Too many reasons. Maybe market already priced in the effects. Maybe, when the price went slightly down, REITs saw it as the right price to repurchase their shares. Maybe the panic buying means malls will make more money Maybe Market already gotten out before this whole Virus hoo haa. Maybe Market thinks the Singapore Budget measures are enough to stop the decline in performance of REITs. Maybe quarterly report of REITs not out, so Market can't know whether it will go down or not. The thing is, no one knows why it didn't go down, just because there are too many maybes.
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Stocks Discussion

REITs

Investments

CapitaLand Mall Trust and CapitaLand Commercial Trust are looking to combine. What do you think of it?
Rave Ong Ci De
Rave Ong Ci De
Level 6. Master
Answered on 22 Jan 2020
Hopefully, there is some synergy and cost may go down,e.g REITs manager fees, share's fee). Another benefit would be that they are able to go for bigger projects since they can have more debt. (REITs has a cap to their gearing ratio, so if there is a bigger base, there can be more debt). I think these would be the main benefits. Deal-wise, they seem to be paying fair value for it, rather than a premium. But hey, at least they are not undercutting it.
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