Summer - Seedly
Seedly logo
Seedly logo
Ā 
Summer

Business Administration Undergraduate. Loves food and travelling!

Summer

About

Business Administration Undergraduate. Loves food and travelling!

Credentials

Summer's credentials are not filled up yet.

Summer

  • Answers (56)
  • Questions (1)
  • Reviews (3)

COVID-19

Career

Education

Fresh Graduates

I am a fresh grad, but similar to most of my friends, I am unable to secure a job in this COVID situation. What can I do? Should I take up an internship or are there better ways?
Summer
Summer
Level 5. Genius
Answered 3d ago
I think taking up an internship is certainly a good choice as it allows you the chance to explore different careers while you are still young and some even offer reimbursements, though it pays less than a full time job. It would be great if you could take the opportunity to brush up your skills too so that you can appear more capable and employable to employees!
šŸ‘ 0

COVID-19

General

Lifestyle

Career

Education

Circuit Breaker will officially end on 1 June and we enter into three phases of reopening. What are your thoughts on the new initiatives? And is it of any disruption to you?
Summer
Summer
Level 5. Genius
Answered 3d ago
While I am glad that we are progressing, amid taking little steps, I am still a little impatient tbh of the long recovery time. When all of this began, I honestly thought it was something short term and of a smaller scale, not an international crisis. It is tough times not being able to dine outside and just enjoy the freedom of being able to hang around anywhere with your friends, as even stopping for a quick chat now can be something illegal haha. But I'm sure we will make it there :)
šŸ‘ 1

FIRE Movement

Savings

Investments

Lifestyle

What has been the number 1 challenge in your personal finance journey?
Summer
Summer
Level 5. Genius
Answered 4d ago
It would be trying to cut down on my expenses and having to make the difficult decision to reject social gatherings with friends or not dine at expensive restuarants due to the price. It made me feel really bad all the time as my friends would not understand it sometimes or they will be nice and offer to eat at less expensive places instead of places they frequent.
šŸ‘ 0

Career

CPF

Loans

Home Loan

COVID-19

Is it silly to quit your job now for a career switch?
Summer
Summer
Level 5. Genius
Answered 5d ago
The reason you decide on a career switch must be quite important to you, considering how you are looking to change despite the situation you are in. I don't think it is advisable to use cash to top up your CPF. Plus, you should really think about whether your emergency funds and savings are currently enough to support your everyday lives, which goes to say your living expenses and bills, beyond just mortgage payment.
šŸ‘ 0

COVID-19

Career

General

Lifestyle

I think the idea of WFH is indefinitely more suitable to western countries and not in SG. Are you still WFH from June 2 onwards or will you be returning to the office? How are you feeling about it?
Summer
Summer
Level 5. Genius
Answered 5d ago
It is interesting how you say it won't work in SG! I think its more dependent on the industry we work in rather than country. For example, some industry that requires constant group projects and client interaction would certainly fare better with working f2f. There is this human touch that the digital platform just cannot replicate, as I have felt from my personal experience. Likewise, I would like to hear from you!
šŸ‘ 0

Investments

Stocks Discussion

S&P 500 Index

National Service (NS)

Hi all! I am a 20yo nsf who just recently got into investing during this period due to the fall in economies around the world. Should i invest in singapore stock market or US stock market and why?
Summer
Summer
Level 5. Genius
Answered 5d ago
I think the US S&P500 is a better choice for two main reasons. Firstly, it has historical higher returns of 10% per annum over the last 80 years, proving its amazing track record compared to STI. Secondly, the US market is so big that it basically represents the global market, and it is quite impossible for the global market to collapse completely. While Singapore is honestly just quite small in economy size and its ETFs has lower returns.
šŸ‘ 0

Investments

What should I do next after setting up a CDP account? I am 20 this yr but not really sure how to start investing?
Summer
Summer
Level 5. Genius
Answered 5d ago
I would recommend you looking into investing in ETFs as they are diversified already, which means they carry lower unsystematic risks. In particular, I think the S&P500 is a good choice for two main reasons. Firstly, it has historical returns of 10% per annum over the last 80 years, proving its amazing track record. Secondly, the US market is so big that it basically represents the global market, and it is quite impossible for the global market to collapse completely. Hope this helps
šŸ‘ 0

Fresh Graduates

Investments

Savings Accounts

I would like to start investing and have created a CDP account and all. But am not really sure what to invest in? How do I really start?
Summer
Summer
Level 5. Genius
Answered 5d ago
I would recommend you looking into investing in ETFs as they are diversified already, which means they carry lower unsystematic risks. In particular, I think the S&P500 is a good choice for two main reasons. Firstly, it has historical returns of 10% per annum over the last 80 years, proving its amazing track record. Secondly, the US market is so big that it basically represents the global market, and it is quite impossible for the global market to collapse completely. Hope this helps
šŸ‘ 0

Investment Linked Policies (ILP)

Investments

Fresh Graduates

Ultimate Hacks: Adulting

Ultimate Investing

Personal Finance 101

Personal Finance Books

Investment Courses

I'm interested in investing my money now to have passive income, but I lack the knowledge on investing. How do I even start and what should I do?
Summer
Summer
Level 5. Genius
Answered 5d ago
Good job for embarking on this journey! Unfortunately idk much about that but lemme give some general advice! First, think about what kind of investment goal you want. Do you aim to receive passive income monthly in dividend payment or you wish for value appreciation over time? Are you looking at a ST or LT horizon. After your emergency fund is settled, as for beginners, I encourage you to look into investing in ETFs as they are lower risk investments as you are investing in the market as a whole, compared to individual stocks, mutual funds and other securities. One recommendation I always give is the S&P500 ETF which has historical returns around 10%.
šŸ‘ 0

Investments

I am a fresh grad who is keen on starting my investing portfolio as soon as I earn my first paycheck. What should I invest in and how much capital should I have before opening an account?
Summer
Summer
Level 5. Genius
Answered 5d ago
It is important that you first figure out your finances! Think about how much you would need for your emergency funds, which should be 6-12 months of living expenses that you cannot go without. Put that amount into a high savings account like Jumpstart. After that is settled, as for beginners, you may look into investing in ETFs as they are lower risk investments as you are investing in the market as a whole, compared to individual stocks, mutual funds and other securities. One recommendation I always give is the S&P500 ETF which has historical returns around 10%. The amount of capital you have does not need to be a lot as you can buy in smaller divisions. It just needs to be the excess amount you have!
šŸ‘ 0
Load more questions
Level 5. Genius
196PointsGoal 250
54 POINTS TO LEVEL UP
Browse Rewards