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Samuel Lee

Helping S'poreans Fresh Graduates navigate #adulting and prepare them for their first steps towards Financial Independence.

Samuel Lee

Financial Planner at Advisor Alliance Group (AIA)

About

Helping S'poreans Fresh Graduates navigate #adulting and prepare them for their first steps towards Financial Independence.

Credentials

Financial Planner at Advisor Alliance Group (AIA)

Samuel Lee

Financial Planner at Advisor Alliance Group (AIA)

  • Answers (38)
  • Questions (0)
  • Reviews (0)

Lifestyle

Shopping

Most people has commented that its depending on how much you value its worth. I will thus answer with some personal bias and opinion on it. If you don't need it, you don't have to buy it.

Investments

Savings

Bank Account

Retirement

If you read DBS Multiplier terms and conditions, there are several ways to hit a ~2% interest: You spend $15,000 - $30,000/ month in 1 of the following transaction (Credit Card, Home Loan and Insurance/Investment) That is not very acheivable by most if we are only spending through our credit card. Assuming we are already spending through out credit card, investing in SSB allow us to unlock higher interest as we are now also spending on Investments. As most people would want their funds to be relatively liquid and risk free, SSB is the appropriate investment for people to park their DBS multiplier funds in. Hope it makes sense!

Insurance

Family

I would definitely recommend a basic hospitalisation and personal accident coverage for your parents.

Investments

Stocks Discussion

Short answer: DO YOUR OWN DUE DILLIGENCE Many people assumed that since Hyflux had connections to the government, the company would not go down. AKA THEY INVESTED BLINDLY. Had people did their own due dillgence and noticed the amount of debt taken on to fund their recent capital expenditure (electricity plant) and the drop in electricity prices... You may have doubted the fundamentals of the company and prevented yoursef from the Hyflux disaster.

Miles

MileLion

Qatar is currently the best rated airline! https://www.worldairlineawards.com/qatar-airways-is-voted-the-worlds-best-airline-at-2019-world-airline-awards/ I will personally be taking it to the states this Jan. So I will update you then:)

Investments

Robo-Advisors

Personally I am using Stashaway, Skyfe and Kristal A.I I am also doing a STI ETF RSP with DBS if you would count that. I am doing these investments mostly for testing, so they are usually in smaller sums. Each of the cater to a different group of people with different investment capital so u might want to first see how much do u have for investment in order to be charged the lowest fees. Fees are the one thing that you can control directly! I would just like to recommend you to also do your due dillgence in the funds that they invest in and only invest if you find them suitable to your investment goals!

Robo-Advisors

Investments

StashAway

Syfe

Stocks Discussion

Hi, Please refer to Syfe Sample Portfolio allocation here: https://www.syfe.com/sample-portfolio (15% Downside Risk - Syfe is claiming in the next 39/40 years, this portfolio won't lose more than 15% of its value - don't be tricked by the wording. This doesn't gaurantee anything) Most of your investment will be in developed countries. With a rough 72% allocation to the US market. Check out Stashaway fund selection here: https://www.stashaway.sg/r/stashaways-etf-selection Do note that Stashaway also invest in a heavily in the US market. (About 50% for a 36% Risk Level and about 23% to US bonds ) Do your own due dillegence: Determine if these ETFs and their allocation is what you want to invest in. A just for fun comparison has been done before: https://forums.hardwarezone.com.sg/money-mind-210/roboadvisor-stashaway-vs-syfe-6092311.html

Investments

Robo-Advisors

Short answer: Investing directly will save you the fees involved with the middle man (the managed funds) That also means you have to spend more time and effort to allocate and invest your funds accordingly. With managed funds, you will be saving time by having someone do that for you! Of course that comes with a small fee. No Pros and Cons, just whichever you prefer.

Miles

Insurance

Credit Card

MileLion

Hi, while most credit cards exclude insurance premiums, here is a lsit of miles credit cards that allow you to earn miles for insurance premiums: - American Express KrisFlyer Ascend: $1 = 1.2 miles 5,000 bonus miles with your first transaction & 15,000 miles with $6,000 spend (within first 3 months) + 15,000 miles with $6,000 spend in the 4th to 6th month. - American Express KrisFlyer: $1 = 1.1 miles 5,000 bonus miles with your first transaction & 7,500 miles with $3,000 spend (within first 3 months) + 7,500 miles with $3,000 spend in the 4th to 6th month. - Maybank Horizon: $1 = 0.4 miles Min. spend $300/month
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