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Timothy Lee Yong Kang

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Timothy Lee Yong Kang

  • Answers (14)
  • Questions (2)
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Stocks Discussion

SG Budget Babe

What is your 2020 investment goal?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 08 Dec 2019
Continue RSP in UT till 4 figure dividends & interest. Afterwards, considering REITs stock.
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Savings

Loans

Investments

Should I invest and pay debt concurrently?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
I recommend to pay down high interest rate debt first as it will erode your investment returns significantly. Afterwards, pay off your low interest rate debt slightly higher than the recommended payment rate and invests the rest in ETF index funds.
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Personal Finance 101

CPF

Retirement

Should we top-up MA or SA?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
Depends on what your aim for the topping up is. If it is for medical purposes, MA it will be while for retirement, that role will be achieve by topping SA. Interest rate wise, both are equally great for a guaranteed money account
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Personal Finance 101

Investments

Stocks Discussion

Do SG dividend stocks do better than US growth stocks in the long run?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
Comparing innovative and expansive companies like Microsoft and Apple to DBS and Diaryfarm? No need to ask which derives more value
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Fundamentals

Investments

Education

Personal Finance Books

Investment Courses

Personal Finance 101

Are there any books or courses in Singapore that are recommended for a beginner like myself to understand how to get started on investing?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
Why stocks go up and down book costs $40 from overseas. Didn't find any in Singapore. Second is rich by retirement. A singapore context to retirement investing
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Personal Finance 101

Investments

Stocks Discussion

Is US stock market safe to get in now since no one knows when the stock market will crash?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
Everyone has been predicting a market crash since the 2008 financial crisis. Even a guy that predicted the 2008 crash predicted a canadian market crash but it didn't happen. Hence, I strongly believe in time in the market than timing the market.
👍 1

Personal Finance 101

Investments

What are your comments on binary options?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
I agree with this guy of the first post. You want evidence of how volatile this option is, go to wallstreetbets it's an eye-opener. Btw, there are definitely more people that lost money than people who gained. Don't fall into the survivorship bias
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Personal Finance 101

Investments

What are your thoughts on what to do after an investment period of 5 years?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
For me, nothing much other than continue to rebalance every 6 months or so cause in long-term investing you are gunning for 30+ years. Furthermore, boring is good in the world of investing. Don't want to wake up to a drop of 30% drop in portfolio value
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Stocks Discussion

Investments

Should I put my money in the bank or fixed deposit?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Answered on 19 Nov 2019
Well, IIRC fixed deposit should generate ard 2% as well if not lesser. Did you try to go for DBS multiplier saving account, those can get you 2++%
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Personal Finance 101

How do you “prepare” for a market crash?
TL
Timothy Lee Yong Kang
Level 4. Prodigy
Updated on 19 Nov 2019
There are 2 options. First would be to hoard cash but the question would be when will the market crash? Let's say 3 years later and the market still haven't crash, congrats not only did you lose out to inflation but miss the opportunity to invest these funds to generate dividends for reinvestments. Second option would be to buy bonds and place them into your portfolio. This way your bonds will at least beat inflation if not generate some value for you. When market do crash, sell bonds and buy stocks. Afterwards, rebalance between your desired stock-bonds asset allocation to capitalise on buy low, sell high.
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