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Woo

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Woo

  • Answers (13)
  • Questions (1)
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Robo-Advisors

Stocks Discussion

Online Brokerages

Investments

I'm a total newbie on investment and I am confused by the multiple terminologies and information. Should I just deposit with Stashaway or go into stocks? Any advice?
Woo
Woo
Level 4. Prodigy
Answered 2w ago
I used robos now. Used to monthly contribute with a bank-insurance partnership plan, but never again. If u hav time to study the market, charts, valuations, volitility etc, go for individual stocks. If not, just believe in the market and humanity as a whole and buy a slice of everything. Which is what I am doing thru robos.
šŸ‘ 1

Singapore General Elections 2020

Undergraduate

There's an NUS Law undergraduate with Progress Singapore Party (PSP) who's also running for GE2020. How can one qualify to be a candidate for elections?
Woo
Woo
Level 4. Prodigy
Answered 2w ago
https://www.eld.gov.sg/candidateparliamentaryqualify.html https://sso.agc.gov.sg/Act/CONS1963?ProvIds=pr44-,pr45- Disqualifications for membership of Parliament45. ā€”(1) Subject to this Article, a person shall not be qualified to be a Member of Parliament who ā€” (e)having has been convicted of an offence by a court of law in Singapore or Malaysia and sentenced to imprisonment for a term of not less than one year or to a fine of not less than $2,000 and has not received a free pardon: Provided that where the conviction is by a court of law in Malaysia, the person shall not be so disqualified unless the offence is also one which, had it been committed in Singapore, would have been punishable by a court of law in Singapore; Is not what u know, but who u know. Juz saying.
šŸ‘ 0

Whole Life Insurance

Insurance

Term Life Insurance

I recently bought a Whole life Insurance Policy 2 years ago called PruLife Multiplier Flex. I'm having thoughts now of switching to Term Life Insurance instead. Is it silly of me to surrender it at 0?
Woo
Woo
Level 4. Prodigy
Updated 3w ago
1. dun just listen to those huff and fluff "invest the rest" without understanding your own situation. 2. if you dun hav dependents u dun even need term. there is no cash value at the end of term policy if u dun die. 3. WL usually has cash component at the end, u can see it as a long term savings account at higher yield. if u can trust prudential. 4. if u chose to surrender, u can see it as 2 yrs of sunken costs which covered u for past 2 yrs. no, not sily at all. 5. what is the difference betw the 2 premiums? are they of same terms and similar coverage? are u sure u can get better returns frm investing?
šŸ‘ 0

Robo-Advisors

Investments

ETF

Online Brokerages

Would you recommend investing with a robo-advisor or investing into ETFs for a beginner? Why?
Woo
Woo
Level 4. Prodigy
Answered 3w ago
+1 robo advisor. Can start with minimal $1, can set up auto invest every month, can choose to auto reinvest dividends.
šŸ‘ 1

Lifestyle

Family

Healthcare

If your doctor tells you that you have 3 months remaining, what's the first thing you would do?
Woo
Woo
Level 4. Prodigy
Answered 4w ago
Liquidiate all movable assets and distribute away. so save my executor some trouble. and potentially avoid any siblings disputes, especially if a house is involved. certain insurance can only claim upon death, that leave it to the executor.
šŸ‘ 0

Investment Courses

Forex (FX)

Investments

What are some reliable forex courses? Anyone heard of asia forex academy?
Woo
Woo
Level 4. Prodigy
Answered 4w ago
Dun learn frm any courses. better you open an account with a local brokerage and ask your appointed RM to teach u for free. my brokerage analyst regularly hold free seminars for clients before covid. i am sure u can find one who are more than willing to teach for free.
šŸ‘ 0

Investments

Robo-Advisors

Syfe

ETF

STI ETF

ValueChampion

Regular Shares Savings Plans (RSS/RSP)

REITs

Property

StashAway

What can I do to make my portfolio better? Monthly, I have 100 RSP into Nikko, 300 into Stashaway (1 high risk, 1 moderate risk), 240 into Reits with Syfe, and about an extra 80 leftover. Any advice?
Woo
Woo
Level 4. Prodigy
Answered 4w ago
Can I ask why you have 2 stashaway portfolio? Because the way i see it, it is an average of high and moderate risk. might as well choose 1 portfolio risk somewhere in the middle? and what is your nikko fund in? if you high risk taker, should be in their growth funds and not the dividend, bonds, reits or STI.
šŸ‘ 0

Investments

COVID-19

Interest Rates

Stocks Discussion

Online Brokerages

Economics

Given the current situation in the world, low interest rates, protests in US and COVID-19, why does the stock market seem to be ā€œrecoveringā€?
Woo
Woo
Level 4. Prodigy
Answered 4w ago
As retail investors, we will never know who or what is behind the minds of the big boys. Everyday there will be reports of good and bad news and the next "in" time to 100x your capital. In my opinion all are baloney. none is the wiser, they just show you what they want you to see so they can sell you some expensive courses and advise. I listen to Warren Buffett, never bet against America. Because he is one of the few successful investors who gives free advises, gives away his fortune and never earn from any stupid trading courses or books royalty. Myself holding various ETFs, diversfy across the world, not just US SP500. But this is really for the long term, at least for the next 10 years. In this 10 years, a lot things will change, Trump will not be the president anymore, XJP don't know will still be emperor or not, will the current tech giants still be around, what bitcoin become mainstream, will there be WW3? Really I don't know and I don't care. As long as I am holding the ETFs, it will eliminate the weaker stocks and replace with a better ones.
šŸ‘ 0

KGI Securities

City Index

Lim & Tan Securities

CMC Markets

IG Asia

RHB Securities

RHB Securities RHBInvest

KGI Connex KGI Securities

Plus500

Online Brokerages

Investments

Stocks Discussion

As a new trader, which online brokerage company should I put my funds in?
Woo
Woo
Level 4. Prodigy
Answered on 22 May 2020
I guess depends on what u want to trade. City index CFD and forex. $500 min initial cap. but $500 really not much u can trade. Lim and Tan for local shares, CFD, bursa, shanghai connect shares, no starting cap. others idk. why not u try some of their demo account first? feel how is it like to use their interface.
šŸ‘ 1

Investments

General

Why do the numbers on financial reports change when used in comparisons?
Woo
Woo
Level 4. Prodigy
Answered on 07 May 2020
Some reason could be auditor findings, restated numbers long term debt maturing become short term debt. receiveables written off. best would be look at the footnotes or the explanations to financial statements. or email the investors relations. if the IR do not bother to answer, i would skip investing in the company altogether.
šŸ‘ 0
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