Samuel Yip - Seedly
SY

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

Samuel Yip

5Upvotes

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

5Upvotes
  • Answers (6)
  • Questions (0)
  • Reviews (0)

Career

Policies

Lifestyle

SY
Samuel Yip
Level 3. Wonderkid
Answered 4w ago
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. 😁

SeedlyTV EP07

P2P Lending

SY
Samuel Yip
Level 3. Wonderkid
Updated 4w ago
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.

SeedlyTV EP07

P2P Lending

General

SY
Samuel Yip
Level 3. Wonderkid
Answered 4w ago
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.

SeedlyTV EP07

P2P Lending

Loans

SY
Samuel Yip
Level 3. Wonderkid
Answered 4w ago
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.

SeedlyTV EP07

P2P Lending

Cryptocurrency

SY
Samuel Yip
Level 3. Wonderkid
Answered 4w ago
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.

Salary

Lifestyle

General

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.
Level 3. Wonderkid
5UpvotesGoal 20
15 UPVOTES TO LEVEL UP
Browse Rewards