Shengshi Chiam, Cfa - Seedly
 
Shengshi Chiam, Cfa

Personal Finance Enthusiast. I believe money and wealth is a game that we should optimise, so that we have more to share and give

Shengshi Chiam, Cfa

Personal Finance Lead at Endowus

About

Personal Finance Enthusiast. I believe money and wealth is a game that we should optimise, so that we have more to share and give

Credentials

Personal Finance Lead at Endowus

Shengshi Chiam, Cfa

Personal Finance Lead at Endowus

  • Answers (59)
  • Questions (1)
  • Reviews (2)

Resale HDB

CPF

Payments

Property

You will receive your payment in cash if you have paid for it in cash. That's under the understanding that you have never paid for your HDB with CPF OA and you have never paid for your HDB bank loan with CPF OA. Doesn't matter how the buyer fund his purchase of the resale flat.

CPF

CPF SA

Please do not top up without thinking carefully!!Your money is locked up till you are 55, you need the money in the future! Also, if you do a top up, under the retirement sum top up (RSTU) scheme, it can give tax relief. Normally these are used by working adults that pay some level of income tax. Topping up now will make you lose out on the potential tax savings in the future. If I were you I would just invest more and work hard to increase my earning potential. No point having a lot of investments when you are earning less when you start working.

Investments

Lifestyle

Savings

There is age limit restrictions for you to open a CDP account and other brokerages. For CDP and many other brokerage it's 21 years old. You can open interactive brokers but I am not sure if you can make it cost efficient. You may want to invest through your parents, that's what I did.

KrisFlyer

Miles

MileLion

Travel

Credit Card

Redeeming? I like to use the stopover trick to maximise miles usage.

MoneyOwl

Investments

CPF

Hi Rai, Just to share, Endowus is the only digital platform that can use CPF OA monies for investments. Also, I want to highlight that dividend withholding tax is not just on the US securities, but also for other countries securities as well. Irish domiciled funds are the most tax efficient way to hold investments in a globally diversified fund. Hope this helps!

FSM INVEST EXPO 2020

Stocks Discussion

FSMOne Fundsupermart

S&P 500 Index

Robo-Advisors

ETF

Hold on. Please get the Irish domiciled S&P500 instead. Those have more favourable dividends withholding tax treatment (15% tax instead of 30% tax), for a marginal increment in total expense ratio. You will be looking at VUSD or CSPX for ticker.

FIRE Movement

Investments

Education

Stocks Discussion

2 books I would strongly recommend, 1. a wealth of common sense 2. The family Inc I would recommend you to start off with globally diversified index funds. You can give STI a miss if you so wish to. Singapore stock market is very small and if should already be part of the world index.

Investments

Property

Savings

Robo-Advisors

ETF

You have to share more on your investment horizon and risk appetite. I think it would also be good if you share if you have consistent monthly savings that you can invest. Being able to invest over a long period of time will reduce the volatility of your portfolio. Frankly you can assume that all robo-advisors are providing investment products rather than life financial solutions, so I think you should try to read up more yourself to understand more about personal finance matter and how to do things like budgeting, tax optimisation, loans matter etc. You can read more about personal finance with Endowus! https://endowus.com/insights/

Investments

CPF SA

CPF

You cannot rebalance it, so it's really annoying. Purely from a portfolio rebalancing angle it has to be taken aside. But we should take it as part of portfolio, else we may have too many bond like holdings. I am holding 65-35 including cpf SA and MA, with whatever I can invest in OA invested.

Stocks Discussion

FSM INVEST EXPO 2020

Why not invest through index funds as well, and own 2000+, 10,000+ stocks in total? There is no additional commissions to passively investing through index funds, so I guess the question you may want to ask yourself is how confident are you in hearing an index consistently over the long term with minimal cost and effort?
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