Xue Yi Hang - Seedly
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Xue Yi Hang

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Xue Yi Hang

4Upvotes
  • Answers (6)
  • Questions (0)
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Investments

Savings

XY
Xue Yi Hang
Level 2. Rookie
Answered 4h ago
This is the same question I asked myself many times before I actually got started investing. This is not an easy question to answer as it really depends how much investment capital you have too. What I did was to take a small position in a couple of stocks I was eyeing first. If market went down, I bought more so my cost averaged down. If it went up, at least I have a starting position and I just hold. Important thing IMO is to get started small, gain the experience and only invest money that you can afford to lose.

Credit Card

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Xue Yi Hang
Level 2. Rookie
Answered 19h ago
I GIRO all my cards so yes if you're not careful your bank balance may be too low and the GIRO won't go through, resulting in late charges (usually first or second time you can apply for waiver). But I do still go through my statements every month before the due date as a discipline so I know where my money is going and it also prevents the GIRO from failing since I am prepared for the bill.

Lifestyle

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Xue Yi Hang
Level 2. Rookie
Answered 19h ago
Actually why not learn from the internet for free? I started from cup noodles level myself and learned all my cooking from YouTube. Now I cook better than my wife :) You can simply search for things like "basic knife skills" and stuff like that and learn all your fundamentals there. The Pro Home Cooks YouTube channel is great too!

Stocks Discussion

Stocks

Investments

XY
Xue Yi Hang
Level 2. Rookie
Updated 1w ago
To add on to the other answers, there is a minimum commission paid to the brokerage when you buy and sell, so it is often not worth it to just buy/sell 1 share. In addition, brokerages actually hold your foreign shares on your behalf so they will also charge a monthly custodian fee (couple of dollars).

Savings

Lifestyle

Bank Account

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Xue Yi Hang
Level 2. Rookie
Answered 1w ago
OCBC 360 is good if you are able to fulfil their requirements for bonus interest, plus IMO their ibanking interface is the best, particularly because of their Savings Goals feature which helps you compartmentalize and automate your savings. I have no experience with Multiplier so I can't comment on that :)

Bank Account

DBS Altitude Visa Signature Card

DBS

DBS Multiplier

OCBC 360

OCBC

Credit Card

Savings

Family

Expenses

XY
Xue Yi Hang
Level 2. Rookie
Answered 1w ago
It won't affect your credit score. Personally I keep multiple bank accounts as it 1. Makes it easy to segregate my money so I only touch what is in my spending account 2. DBS ATMs often have long queues so I just draw money at OCBC ATMs which usually have nobody and then ibank money between my own accounts lol
Level 2. Rookie
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