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Value Investor|Options Strategist| Economics Undergraduate at NUS
Wong Ming Yao
Product and Community Associate at 8VIC Global Pte Ltd
About
Value Investor|Options Strategist|
Economics Undergraduate at NUS
Credentials
Product and Community Associate at 8VIC Global Pte Ltd
Wong Ming Yao
Product and Community Associate at 8VIC Global Pte Ltd
- Answers (83)
- Questions (0)
- Reviews (7)
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Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 04 Jan 2020
Hi, I agree with Hariz's answer to picking up high value skillset! When you are young, you should start by learning some of the skillset that will be in demand first! - Digital Marketing - Coding - Speaking - Copy Writing Focus on mastery when you are young and you will have the capital to start investing for your passive income!
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Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 04 Jan 2020
Hi! It would be better if you start off by protecting your downside before deciding to go for the upside. What I mean here is to get yourself covered with the important plans, critical illness accident etc. After which, aim to save up at least 6 months of your expenses as emergency fund (in case of any rainy days). To even think about investing, settle the above items first! With the cash you have remaining, use some to invest in your own knowledge by reading some books!
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Trading
Investments
Stocks Discussion
Wong Ming Yao
Level 6. Master
Answered on 04 Jan 2020
Hi! For a beginner, I would recommend you to understand your own investing style before buy/sell shares! Take some time off to read investment books first, shape your own investing style and take a small portion of it to execute your strategy!
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Stocks Discussion
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 20 Dec 2019
Hi Gabriel, It depends on your personal comfort level with stocks investment. If you have strong conviction and believe that your holdings will compound, there is no need to diversify. Sometimes, a mistake for investor is to di-worsify. Invest in the stocks that you have high conviction and always reserve cash at the side to average down more during dips!
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Stocks Discussion
Investments
Dividends
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 20 Dec 2019
Hi, Yes dividend in US market is taxable for you, 30%.
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Savings
Investments
Stocks Discussion
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 20 Dec 2019
Hi, Zero risk sounds awesome but in reality there is always risk in every decision! What you can do to lower your risk for a certain investment is to understand it more and more. Just like what Yuan Chuan has mentioned, the closest thing to zero risk scheme in Singapore would be parking your money in CPF or buying SSB. If you have 300k liquid cash and wish to have close to zero risk, you can throw your money in and opt for monthly income!
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Stocks Discussion
Investments
SG Budget Babe
Family
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 20 Dec 2019
Hi Wallace! It is tough to learn an extra skillset especially when you have a family to rtake care of. What I would suggest is read books during your way to work/home, that is an extra hour a day. You can spend 30min watching online videos during lunch time to further enhance your knowledge. Compound that 1.5 hour by a week you have 10.5 hour. Compound that 1.5 hour by a month you have 42 hour. It is how you choose to manage your time that will determine your success level!
👍 2
Persons With Disabilities
Personal Finance 101
SG Budget Babe
Insurance
Investment Linked Policies (ILP)
Hospitalisation Insurance (H&S)
Investments
Stocks Discussion
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 20 Dec 2019
Hi, I think for your situation, defensive stock portfolio would help you in the future. Firstly, You will have to set aside some cash for annual expenses. You can consider stock investment to generate some passive income. You can check out local dividend stocks/REITs that can give you 4-6% dividend yield and park your money there. Of course, dont invest everything that you have and reserve some bullets to buy more during stock dips. You will be very well off in the future!
👍 2
Stocks Discussion
Investments
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 18 Dec 2019
Hi Bjorn, To summarise the learning of 2019: 1) Selling winners too early 2) Did not average down significantly during dips Will start 2020 afresh and keep these learning with me!!
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Investments
Stocks Discussion
Wong Ming Yao, Product and Community Associate at 8VIC Global Pte Ltd
Level 6. Master
Answered on 18 Dec 2019
Hi, Regarding your question, Investment returns will be enough to cover your expenses without any income. The catch would be to kick start your own investment journey first. At the starting stage, invest with what you can afford to (less the emergency fund and insurance premium), and let the passive income grow. It will payoff in the later stage and you will have the option not to work.
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Level 6. Master
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