Shaun Wq Lim - Seedly
 
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Ex-EEE with a Minor in Business

Shaun Wq Lim

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Ex-EEE with a Minor in Business

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Shaun Wq Lim

  • Answers (74)
  • Questions (1)
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Investments

Stocks Discussion

SW
Shaun Wq Lim
Level 6. Master
Answered 3d ago
You can consider splitting your lump sum into thirds. And investing them now, at 3 months, at 6 months etc.

Salary

Investments

Expenses Tracking

Expenses

Savings

Personal Finance 101

SW
Shaun Wq Lim
Level 6. Master
Answered 6d ago
Hi there, Depending on how restrictive your company rules are, you may have difficulty finding suitable investment vehicles. But you should still continue to invest and outside of STI for diversification. This would be your growth portfolio as savings will not return as much over the long run. It will be good to increase your investment amount. Evaluate as you progress. Given your age, saving as much as you can and investing a portion consistently will allow the compounding effect to be beneficial.

OCBC Great Eastern Cashflo Credit Card

Credit Card

Insurance

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Shaun Wq Lim
Level 6. Master
Answered 1w ago
Rebates and installment plan for eligible GE polices. Other than that, is auto installment across 3 or 6 months depending on amount spent per transaction. No other special benefits. Good if you have some large ticket item to buy and want to split the payment with some rebate, I guess.

AMEX Platinum Reserve Credit Card

AMEX Platinum Card

AMEX Platinum Credit Card

MileLion

Miles

Career

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Shaun Wq Lim
Level 6. Master
Answered 1w ago
Charge card requires you to pay in full the balance every month. Credit card can carry balance. The requirements and annual fee for the charge card is higher than the reserve card. Hence benefits varies as well with some overlap.

Investments

Property

Entrepreneurship

SW
Shaun Wq Lim
Level 6. Master
Answered 1w ago
I am sure there are crowdfunding/crowdsourcing platforms within those countries. Google will be helpful. And some might be open to foreign investors. However I would caution that you find out more about the platforms, risks and local landscape before investing any money.

CPF

Retirement

CPF SA

Investments

REITs

Blue Chips

Stocks Discussion

SW
Shaun Wq Lim
Level 6. Master
Answered 2w ago
You need to build up your savings again and get your emergency fund up as soon as you can. After that, if you have no immediate needs for liquidity and also depends on your preference for cash liquidity or not. Save and invest. Have a look at your Medisave account to see if it is almost at the Basic Healthcare Sum. Provided that your CPF contributions (yours+employer) does not exceed the CPF Annual Limit, you may consider topping up the MA with cash to hit the BHS. The voluntary MA contributions are tax deductible. And once the BHS is achieved, the MA contributions are redirected to the SA account. Hence your SA will also increase and the year end interest payable on MA will also flow to SA if the BHS is maintained. This pays off in the long run as the 4% interest rate is almost guaranteed. But locks up your cash to a fixed rate. If any leftover cash after this is done, you may consider directing those funds to investment in the stock market. However the returns depend on which instruments you use. You may want to look at roboadvisors for simplicity. Or if you are interested to learn, you may consider DIY your portfolio. Potentially can get higher returns than SA interest rate.

Stocks Discussion

Investments

SW
Shaun Wq Lim
Level 6. Master
Answered 3w ago
Typically no. If it is RSUs given by company, you do not own any shares until they vest. Only after the units are vested, you can then sell the shares. And they vest over a period of time. If you leave the company before the vest date, all unvested units are forfeited. Incentive from the company to keep you around. Or you can negotiate with the new company to cover some of the loss as part of your new package.

Investments

Stocks Discussion

FSM INVEST EXPO 2020

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Shaun Wq Lim
Level 6. Master
Answered on 22 Jan 2020
There are A shares, B shares and H shares with regards to China stocks. Need to be clear on these first. Then looking at the general availability of the stock exchanges to international investors, HKEX looks to be the main entry point. You may want to look at HKEX listed ETFs or stocks to narrow down the selection. If you been to China, tech looks to be a very big driver in the bigger cities. Apps, 5G, mobile, e-comm etc.

Investments

Savings

Payments

Lifestyle

DBS Multiplier Account

Standard Chartered JumpStart Account

Savings Account

SW
Shaun Wq Lim
Level 6. Master
Answered on 21 Jan 2020
Please be aware that there are some changes to the DBS Multiplier account from 1 Feb 2020. Salary and dividend credit will be grouped under income category. And cap of $25000 for salary + 1 other category interest rate. Something you may want to think about after the 12 months recognition for the investment RSP ends.

MileLion

Wedding

SW
Shaun Wq Lim
Level 6. Master
Answered on 09 Dec 2019
You may want to consider if the Amex Platinum card is worth it? 75000 MR points with $20k spend in first 3 months. Plus member get member promo with 40000 MR points with $5k spend in first 3 months. MR can be transferred to frequent flyer programs.
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