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Sg 30s Dude

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Sg 30s Dude

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Sg 30s Dude

  • Answers (9)
  • Questions (3)
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StashAway

AutoWealth

Robo-Advisors

Investments

Stocks Discussion

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered 2w ago
Am in similar shoes, not sure what you mean by lock losses but have following plans in mind, hope it helps. 1.) Continue monthly deposits/investment in those robo-advisory 2.) Tone down or stop monthly deposits/investments in the meantime keep a look out for good value bluechips or decent dividend yielding assets Dont think it makes sense to cash out your portfolios unless u have an investment opportunity somewhere which is too good to refuse.
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HDB BTO

Loans

Resale HDB

Salary

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered 2w ago
Assume you are referring to the income ceiling for BTO flats since theres no cap for resale HDB. Assessment is based on the average gross monthly income excluding bonuses and OT, including additional allowances. Detailed explanation can be found at HDB website https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat Note that Notice of assessment from IRAS is not acceptable
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Education

Career

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered 4w ago
Would'nt go all out to support a part time study. I believe this depends heavily on your job requirements. Personally would think a degree would not be required for hand-ons or brokerage/sales jobs (There might be a whole lot of other niche jobs). On the otherhand, certain private part time degrees MIGHT NOT get you the intended recognition despite your time/efforts/invested tuition fees/personal take aways ect ect. I reckon it would be important to figure these main points -What are your main strengths & weakness -Are you proficient and confident in your current function/sector -Could there be a chance to enrole in some of government's mid career switch program where you get some decent allowance while being retrained with other skill sets (above usually give you high conversion rate from training to a full time job) -research on programs that are really worth the time and money as it is recognised by the industry and/or employers At mid 30s i believe theres a good chance to continue working for the next +/- 30 years, would be important to keep ourselves adequate for the economy but wouldnt blindly enrole myself in any part time degree programs(especially just for the sake of telling others that you have a degree), that might not really help to make one relevant in today's fast changing world. I hope my humble opinion is of some help.
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Savings

Lifestyle

Loans

Insurance

Fresh Graduates

Debt

POSB

Savings Accounts

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered on 02 Jan 2020
Would suggest to start by looking at the following items 1st... 1) Budgeting Plan/list your monthly expenses to have a clearer picture of where you're spending your money and figure where can you cut down on spendings. This exercise will also better show how much disposable cash u have on hand less the necessary phone bills, student loan repayment ect ect. 2) Start building savings/emergency fund Start a bank account on higher interest be it dbs/uob/ocbc/boc ect ect. Would suggest to have at least 2-6 months worth of monthly expenses as your safety net first. 3) Chart your career path Check out various career options which pays better on top of being a good fit for your skillsets/character. Hitting 30 felt surreal for me, adulting just gets tougher...
šŸ‘ 3

Investments

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered on 28 Aug 2019
Rather than taking words from someone in this platform against your financial advisor, might be worth spending some alone time to sit down and recollect your session with the financial advisor. Some of the points worth thinking about could be 1) The amount, period of commitment, expected net returns with this investment-linked plan 2) How does above compare to other available options such as high-interest savings acct/SSB/ETFs/REITs/Robo Advisors etc etc These content on Seedly might be helpful as well. https://blog.seedly.sg/ultimate-personal-finance-guide-to-investing-singapore/ https://blog.seedly.sg/ultimate-personal-finance-compilation-of-articles-for-fresh-graduates-first-job/ Some
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Finance Savvy

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered on 26 Aug 2019
As you will be spending a lot of time on it, makes sense to work on a topic you are more interested in than something else. Personally would consider looking into whatever that hits the headlines or getting a lot of attention these days. Depending on the nature of your future job, am guessing it will help in your future job interview as well For instance... 1) Cost and benefits of the trade war, how did last trade wars went and expectations of how current one will pan out 2) Comparing some major industries in Singapore (or the world) which/why certain industries tend to suffer/benefit the most in recession. Where should a fresh grad go? 3) Which asset classes are most favoured by investors and what are the associated risks?
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Retirement

Insurance

Savings

Lifestyle

Family

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered on 26 Aug 2019
I assume you mean you have doubts that insurance companies are able to fulfil their obligations to all term policyholders given the relatively low monthly/annual premiums against high payouts ($1m). 1) Teams of professionals (actuaries who spend years taking exams after university to get their professional certification) make a living by quantifying the associated risk covered by the policy as well as calculating the financial obligations/value of the policy. Wouldnt be too worried that their calculations are off. 2) The insurance industry is much bigger than the handful of Insurers who sell their policies to the public. There are multiple players(insurers/reinsurers) who form syndicates to spread out the risk. (look up on Lloyd's of London) 3) Local financial regulators such as the MAS typically requires financial institutions(such as insurance companies) to set aside substantial deposits with them in order to obtain a license to underwrite policies. These insurance companies are further subjected to regular audits and checks. 4)Lastly, term insurance has been around for probably a few hundred years, it is much less likely to fail as compared to the well-known CDS/CDOs by the AIG group.
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Savings

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Updated on 26 Aug 2019
No hard and fast rules... But if you are thinking of fixing X% of annual income to save.... may I suggest to consider listing out all necessary expenses food/transport/rent/bills/tax/insurance premiums etc to look at what % of annual income is spent on necessities and wants first. With that on the table, one would have a better sense of what % of income could be saved rather than deciding on an arbitrary saving rate. This will avoid the scenario of setting an unrealistic arbitrary saving rate and help one re-examine whether he is spending too much on an item or in fact, can actually afford to spend a little more in certain areas. In the above scenario suggests one to be prudent and exclude year-end bonus as part of your annual income. It feels like there's a looming recession, so it might be safer to be on the conservative side and treat the year-end bonus as a bonus when the paycheque comes. On the other hand, if the intention is to look back and track your past spendings and savings. As much as possible one should include all expense and income estimates (be it in the form of bonus or additional allowances).
šŸ‘ 2

Insurance

Hospitalisation Insurance (H&S)

Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered on 25 Aug 2019
Had some experiences at both public and private hospitals due to my family's medical condition, here's what I think about the pros and cons. Time with Doctor/Private vs Public care -Private practice doctors tend to spend more time explaining the patient's condition (usually more detailed) and are more readily contactable. -Private Nurses also tend to be more experienced both in terms of medical knowledge and degree of care (hospitality) -In comparison, public hospitals tend to be crowded (understaffed nurses) and senior doctors are usually not readily reachable apart from their daily morning rounds. Its common for medical students, junior doctors as well as nurses repeating the same questions to patients with nothing being done in between apart from waiting for procedures or decision from senior doctors (e.g. Do you feel pain? on a scale of 1-10 how much pain? ..... it can be rather annoying when you are in pain. ) Waiting Time -Typically no/low waiting time in private hospitals compared to public hospitals. Worse for non-life-threatening conditions General environment -Private hospitals tend to have fewer beds per room (probably max 2), sometimes it can get rather rowdy in a public ward Lastly, on the additional $777 premium for private hospitalisation coverage, believe in the event you opt to ward in a public hospital despite having private hospitalisation insurance, you do get some cash rebates from the insurer. Hope the above helps.
šŸ‘ 3
Level 4. Prodigy
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