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Rishi Ramchandani

Financial coach/founder of Cafe cash flow. I have a passion for personal finances and spent over a decade at BAML in HK & NY.

Rishi Ramchandani

Financial coach / Founder at Cafe cash flow

About

Financial coach/founder of Cafe cash flow. I have a passion for personal finances and spent over a decade at BAML in HK & NY.

Credentials

Financial coach / Founder at Cafe cash flow

Rishi Ramchandani

Financial coach / Founder at Cafe cash flow

  • Answers (20)
  • Questions (4)
  • Reviews (2)

Insurance

Lifestyle

Financial Planners

Hello If they are getting compensated on commissions then independent vs tied doesnt make to much of a difference, they are still incentivized by what they sell you. Just the Independent advisor will be offering you products across different banks. An alternative is fee-based. Where they get a flat fee, so not incentivized on ensuring you buy the highest fee products. I just started a Financial coaching business in SG - Cafe Cash Flow. Its a new concept in Asia but this is something you might be interested in as an alternative. It is focused on educating people like yourself so you understand what you are investing in and guiding you to make decisions rather than advising you and getting paid on what you invest in. As a coach, its a flat fee so the incentive is just for you to understand and find value in the coaching, then I live off referrals! Check it out and let me know if you want to chat!
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Investments

NYSE (New York Stock Exchange)

Stocks Discussion

Hi Komal The Irish domiciled ETF version of the VOO is VUSD I beleive. Which still tracks the S&P500 but because its in ireland the withholding tax is 15% rather than the 30% of VOO Regarding DCA unfortunatly in SG there are not any that I can find that offer it with low fees. You are better off setting a calender and doing it urself using Interactive Brokers or TD ameritrade. If DCA automated is more improtant to you then you will be restricted to use the products offered by Autowealth, Stashaway and other robo's etc. Hope this helps I run a Financial coaching company, Cafe Cash Flow. Check it out and let me know if any further questions!
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Stocks Discussion

Investments

Savings

Brokerages

ETF

Interactive Brokers

SAXO Markets

SAXO Capital Markets

IBKR or TDameritrade for the low fees. 12 trades a year X 20 years - the fees can add up! By the way I like what you are doing! I've been doing something similar since I started earning. Goodluck
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Stocks Discussion

Investments

If you are referring to Assets Under Management - then yes! Its important to consider as it shows how much they the fund is managing and shows you some form of confidence that people have in it. Lets take the S&P500 index SPY US - has a $300+ billion AUM, the largest PPLC - Also tracks the S&P500 but has a much smaller AUM of $20+ million Just based off that you know the SPY is far more popular and if you dig into why you will notice the fee's are far lower and the consistency of the institution managing it (State street) is very consistent and reputable. So yes, AUM does matter! Hope this helps
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Insurance

Hospitalisation Insurance (H&S)

Whilst I am by no means against FAs, they provide a very valuable service. I believe you should learn first and then when you have money and are too busy in life then FAs are great, they also give you access to products. I run a financial coaching business, it's a new concept in Asia but it's pretty much what you are asking for. The idea is that I work with clients over 6 months, completely personalized and one on one so by the end of the 6 months you have confidence in what you are investing in. Let me know and we can chat if interested!!! Https://cafecashflow.com
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Insurance

Outside of the great responses you have gotten above, I would encourage you to ask your employer to give you some form of insurance. You are already in and so they may not now but if they are aware that you desire it they might give it to you next year. It's a way to keep good employees as well as to attract talent. End of the day it's a cost to you.
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Investments

Stocks Discussion

Yes. They built the community, now lets utilize it!
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Stocks Discussion

Investments

Just thinking out loud...maybe mentally you trade too much since its commission free and you are used to commissions? Having used robinhood in the US, i dont see any major risks. It was great to set DCA trde and just leave it, without worrying about fees.
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AMA SG Young Investment

Family

Savings

Investments

General

Thailand. Not Bangkok or any cities, a small beach town. Me, the wife, my dog and the kids can come visit :) Land of smiles
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CPF

Savings

Career

Retirement

Investments

Rishi Ramchandani
Rishi Ramchandani
Level 4. Prodigy
Answered on 27 Jan 2020
Unfortutely there is no alternative for foreigners to get their employer to match. Some larger companies simply give their foreign employees a yearly stipend that is equivelent to the amount they would be matching you had you been contributing to CPF. But I have only seen this in large multinational companies. Its really unfortunate. I do still suggest you create your own pension fund. Not SRS as there is no real benefit ex the tax and you might as well keep it liquid in case you leave the country (since you are a foreigner). Its a dangerous path to not be aware of this. Plenty of my clients have been living in SG as foreigners for 10+ years and have not been contributing towards a retirmenet fund, it can run away from you quickly. I strongly encourage you create your own. I can help if needed. Goodluck!
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