Thomas - Seedly
Seedly logo
Seedly logo
 
T

Ex-auditor, current Accountant, future president (kidding)

Thomas

About

Ex-auditor, current Accountant, future president (kidding)

Credentials

Thomas's credentials are not filled up yet.

Thomas

  • Answers (19)
  • Questions (1)
  • Reviews (0)

Stocks Discussion

REITs

Investments

T
Thomas
Level 4. Prodigy
Answered 3w ago
The more popular ones are definitely Ascendas, Mapletrees, Frasers and Capital. These REITS have strong fundamentals and diverse portfolio of properties, with Frasers and Capital having upcoming mergers for their respective reits. You can probably take a deeper look into these reits, or if you want to diversify, Lion-philip S-reit ETF is a good choice for the long term.
ūüĎć 0

Investments

Stocks Discussion

T
Thomas
Level 4. Prodigy
Answered 3w ago
Couldn't agree more with Gabriel. If you have done your research and the company you are invested in has a strong fundamental, ride out this wave. On a long term basis, you should be able to profit from this downturn, especially if the price you entered into now is low enough based on your calculation. Hang in there, we are all in the same boat!
ūüĎć 0

Economics

Investments

Stocks Discussion

Property

Savings

COVID-19

T
Thomas
Level 4. Prodigy
Answered 3w ago
Hi Clara, you are right to say that the current downturn presents an opportunity for investors. Personally, I don't think that the market is gonna turn for the better anytime soon, unless there are signs of confidence returning to the market. Currently, looking at the explosive rise in cases around the world, as well as the lack of significant economic stimulants, investors are choosing to stay off the market for the time being. What I'm doing now to take advantage of the situation is as follows: 1) Research into companies with strong fundamentals, both locally and in US. This is personal preference, as I'm more keen towards these 2 markets. You can look into other countries as well if you have the interest. By researching, I refer to looking at how their business will be affected by the lockdown and interest rate cuts etc, whether their price now is low compared to their book value, whether they are capable of giving dividends in this tough times, their daily trading volume, and other factors. Put these stocks in your watchlist as you track them daily, and take note of how the stock behaves. 2) Track the US futures during the day, and US dow movements at night when their market opens. This will give a general sense of direction in our market (i.e. US market down, usually our market will go down as well). 3) Keep yourself updated on news and analyst reports and sentiments. The above are not foolproof method, they won't definitely guarantee you a profit should you decide to invest. But by doing due diligence, you can be more confident of your investments, and for companies with strong fundamentals, historically they have always rebounded very strongly after a bearish market. Hope this helps!
ūüĎć 2

Investments

ETF

STI ETF

T
Thomas
Level 4. Prodigy
Answered 3w ago
Hi Anon, it would only make sense to realise your loss if: 1) you expect the ETF to go down further, so you are cutting your loss; 2) you need the cash to invest in other counters which you think are going to give you better returns Selling and immediately buying at the same price in the same counter does not really make sense as you will be incurring fees on top of the loss you realised. Hope this helps!
ūüĎć 0

Investments

Insurance

Savings

T
Thomas
Level 4. Prodigy
Answered 3w ago
Hi Anon, I was also facing a similar scenario a few months back when I started investing in the market and realising that I could generate alot more profit than what the saving plans are giving me (mine is not from AIA btw). But fast forward to today, I'm in a net loss position for my investments due to the current market conditions.. So in a way, I'm kinda glad I still got these savings plan, because if not I would definitely have used up all those money in investing, and probably incur a larger loss than currently. So personal opinion, I do think that putting your money in different areas are kinda safer. But it also depends on your cash flow situation. If you only have 1k a month of "spare" cash, investing in the market is still better due to the liquidity (you can sell anytime). If you have say 3k of "spare" cash, then the 1k you put into the savings plan can be treated as diversifying your funds, while you use the remaining as investments. Hope this helps!
ūüĎć 1

Stocks Discussion

Investments

T
Thomas
Level 4. Prodigy
Answered 4w ago
Simply because it is hard, if not impossible, to time the market. Timing the market is like gambling, so if you make a wrong guess, then it'll expose you to an unnecessary loss position.
ūüĎć 0

REITs

Investments

Stocks Discussion

T
Thomas
Level 4. Prodigy
Answered 4w ago
If you are holding on to stocks of fundamentally strong companies, I would suggest you to ride out this period unless you want to use the funds for other purpose. Granted, it takes a toll emotionally to see the stocks tumbling, but I guess all we can do is pray and wait. Otherwise, it is time to track the market. Alot of stocks are now on a "discount" due to the excessive fear selling, even though their businesses are not fundamentally affected by the ongoing virus / oil price / interest cuts. In the meantime, build up your war chest (or bullets) and do your research, and when the market becomes more stable, it'll be time to act.
ūüĎć 0

Investments

Stocks Discussion

COVID-19

T
Thomas
Level 4. Prodigy
Answered 4w ago
Hopefully by May / June the virus situation will be stablised. Stock markets are kinda iffy, but I do hope they stablise by this month. It's kinda demoralising to see so many red counters every other day..
ūüĎć 0

Bonds

Investments

Stocks Discussion

T
Thomas
Level 4. Prodigy
Answered 4w ago
Buying a penny stock on SGX because it was one of the highly traded counters, and selling it for 30+% gains in the next couple of day but honestly till now I have no idea what happened then. Sadly, I invested in the same penny stock again couple of months later, and lost all my gains. Moral of the story to me is to research on the company you are buying stocks in, luck can only get you so far.
ūüĎć 0

Property

Investments

T
Thomas
Level 4. Prodigy
Answered 4w ago
I think most of us here have the same sentiment, and as you mention, property will lock up your asset for a long time till you sell. So if you prefer liquidity, equities are the better pick. With the current market condition, my view is that both are equally attractive. Here's my 2 cents: Property: With the recent interest rate cut, taking a loan should cost lesser. Coupled with the increased uncertainty in the market and reduced inflow of foreigners, it should result in lesser demand, which means that price negotiation will be better from buyer's perspective. There are also quite a large number of unsold properties since last year, and quite a number of new launches coming up, which further adds up to supply in the market. TLDR: Supply Demand, price should drop. Equities: The market has been doing badly since last week, with historical drop in Dow Index as well as local stock prices. While we won't know if the market will continue to be bearish and going into recession (I hope not), it is good to look into the equities of companies with strong fundamentals. Historically, they will rebound stronger once this virus issue blows over. Hope this helps!
ūüĎć 2
Load more questions
Level 4. Prodigy
79PointsGoal 125
46 POINTS TO LEVEL UP
Browse Rewards