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Wallace Chai

A rookie with alot of passion in investing. Trying to be better every single day. Focusing on growth stocks.

Wallace Chai

About

A rookie with alot of passion in investing. Trying to be better every single day. Focusing on growth stocks.

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Wallace Chai

  • Answers (287)
  • Questions (4)
  • Reviews (1)

AMEX Platinum Credit Card

Citi PremierMiles Visa Card

MileLion

Credit Cards

Do I get Miles/Rewards on my credit card from paying my insurance premium/ property tax/ road tax?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 03 Feb 2020
Nope. Taxes and insurance are excluded.
šŸ‘ 0

Stocks Discussion

Investments

Do you all believe in the December sell-down effect? Some investors believe it is good to buy shares in December, thoughts?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 14 Jan 2020
Best is to not wasting time on stuff that is out of your control.
šŸ‘ 0

REITs

Stocks Discussion

FSM INVEST EXPO 2020

What REITs would be a good buy now?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 14 Jan 2020
Not a good time to buy now for me. Keep a look at Parkway Reits, Ascendas and Fraser.
šŸ‘ 0

Investments

Payments

Stocks Discussion

ETF

Dividends

FSM INVEST EXPO 2020

Do we need to pay taxes in Singapore for overseas investments such as ETFs and stocks?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 14 Jan 2020
No need to pay tax for it.
šŸ‘ 0

STI ETF

Regular Shares Savings Plans (RSS)

DBS

ETF

Investments

Stocks Discussion

FSM INVEST EXPO 2020

For DBS RSP for STI ETFs, how often should I check how the stocks are doing?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 14 Jan 2020
Do DCA for ETF and check it once every year max.
šŸ‘ 0

General

SG Budget Babe

What is the ratio of family contribution between your spouse and you? And how do you determine that ratio?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 24 Dec 2019
30/70 for me. Easy, my salary is higher so contribution would be higher though.
šŸ‘ 1

Family

Retirement

SG Budget Babe

Am I responsible for my parents' financial problems?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 24 Dec 2019
Technically yes. No matter how, they're the one that raised us up. There's no amount that is enough to replace that i believe. What can you do, make sure they have adequate coverage. At least hospitalization plan. If possible, help them to open up an investment account where you can ask them to fund it montly irregardless the amount. Can me few hundreds dollar also. At least, they can have some savings.
šŸ‘ 1

Lifestyle

Family

Retirement

SG Budget Babe

Insurance

What is the best way to give fiscally irresponsible parents allowance?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 24 Dec 2019
Unless they are in pink health, if not it would be very costly. Maybe can help them to create an investment account and put the money inside there.
šŸ‘ 1

Loans

SG Budget Babe

I still have 75k outstanding on my housing loan left that I am paying roughly 2% interest. Should I pay off my loan or just continue status quo?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 22 Dec 2019
As long as you can be able to generate anything more than 2%, pay it as normally so your money can works harder for you.
šŸ‘ 13

SG Budget Babe

Cryptocurrency

Investments

My child is interested in investing in cryptocurrency, should I support him?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 22 Dec 2019
Let me be frank. I got a few friends also showed my many reports and data about crypto and how fantastic it is. I almost go for it. But i didnt because i really do not understand how those things work. I cant see and feel it. It is just a virtual things for me that i dont know how to value them. True enough they got burnt.
šŸ‘ 14
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