Samuel Yip - Seedly
Seedly logo
Seedly logo
 
SY

I work in the banking sector and I am a savvy investor! I like talking about business Ideas too!

Samuel Yip

About

I work in the banking sector and I am a savvy investor! I like talking about business Ideas too!

Credentials

Samuel Yip's credentials are not filled up yet.

Samuel Yip

  • Answers (8)
  • Questions (1)
  • Reviews (0)

Investments

REITs

How do I start investing in REITS? I want to have dividends as another source of income. Thanks!?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 16 Aug 2019
Hi. You can start investing in REITs by opening up a local CDP account and a brokerage account. Step 1: Open a CDP account. To open a CDP account, you need to have a bank account with one of the following banks in Singapore – Citibank, DBS/POSB, HSBC, Maybank, OCBC, Standard Chartered Bank and UOB. ... Step 2: Choose a brokerage and open a brokerage account. I use CGS CIMB and DBS Vickers myself. Hope this helps!
👍 0

General

Savings

Do you think that millennials do not save nowadays?
SY
Samuel Yip
Level 3. Wonderkid
Updated on 12 Jul 2019
I have just started working and I save about 1500 per month. This is because I set up different saving accounts to control my spending when I get my paycheck. I have a feeling that some of my peers spend a lot on their travels. I think it broadens perspectives to travel but i disagree with how they intend to splurge on their travels before they start working. There seems to be the "I should go all out on travelling" before work starts for good" mentality. In my opinion, a simple trip suffices! Does anyone have the same sentiments?
👍 1

Career

Policies

Lifestyle

What does the future of jobs in Singapore look like? Are robots or foreign talents going to squeeze me out of my career?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 28 Jun 2019
Repetitive tasks would be standardised going forward. If we look at the purchase of travel insurance and investment packages, plain vanilla instruments can now be purchased on our own over the internet. This skips the purchase process through a salesman. I think going forward, skills and exposure would be needed to stay in jobs because valued employees are those that can handle exceptions. Stay optimistic and think critically about what can go wrong when you are at work. Think of new solutions to solve problems faster than before. This is still the value of using human capital instead of machines. It is not encouraged to just follow through motion at work because these are the jobs that are likely to be replaced by machines soon. 😁
👍 1

P2P Lending

SeedlyTV S1E07

What is the average default % ?
SY
Samuel Yip
Level 3. Wonderkid
Updated on 27 Jun 2019
It depends on the platform. I have been with Funding Societies and default rate is about 1 to 3 per cent. Note that its higher with Moolahsense. One telling sign is that loans from moolahsense come with a higher interest rate. This is to compensate for the riskier loans on the platform.
👍 1

P2P Lending

General

SeedlyTV S1E07

How does P2P lending diversify your portfolio? Shall I diversify my portfolio through P2P lending?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 27 Jun 2019
Platforms such as Moolahsense and Funding Societies have settings to allow users to choose sectors and maximum lending amounts. It holds significance as returns can be as high as 8 per cent per annum.
👍 0

P2P Lending

Loans

SeedlyTV S1E07

Why hasn't the banks been able to service such SMEs with their loans?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 27 Jun 2019
They could have already reached their maximum exposure. That is, they have already maxed out what the banks are willing to lend. They could also have really weak financials and have little to offer as collaterals. If SMES are relatively new, financial performance would be hard to project for loan calculations. Hope this helps.
👍 1

P2P Lending

Cryptocurrency

SeedlyTV S1E07

What's the outlook on investing in P2P loans with cryptocurrency?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 27 Jun 2019
P2P is rather positive now. Due to the increase up take of SMES. However, it is likely to be riskier as firms are likely to use this as an avenue to gain loans with unstable financials. There is little audit and due diligence done on these companies which could lead to rather gloomy future if regulstions do not improve.
👍 1

Salary

Lifestyle

General

How important is salary to your quality of life?
SY
Samuel Yip
Level 3. Wonderkid
Answered on 29 Apr 2019
I think it is extremely important to me. Over the past few years, a higher salary has helped me to gain access to exclusive investment opportunities. Better credit and loan facilities are often tied with salary. It is good to strive for a higher salary.
👍 1
Level 3. Wonderkid
36PointsGoal 40
4 POINTS TO LEVEL UP
Browse Rewards