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Yh.lens

21 Years Old Retail Investor, NUS Biz Student, Freelance Photographer

Yh.lens

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21 Years Old Retail Investor, NUS Biz Student, Freelance Photographer

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Yh.lens

  • Answers (51)
  • Questions (0)
  • Reviews (0)

Robo-Advisors

Promo Codes

Syfe

Investments

Anybody mind sharing their syfe referral code?
Yh.lens
Yh.lens
Level 5. Genius
Answered 12h ago
Here's mine: SRPTH8LK3 First deposit of $500 and we will both recieve $10 :)
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Savings

Standard Chartered JumpStart Account

Singlife Account

Savings Accounts

Hi all, currently a 20 yr old. Just opened SCB Jumpstart account but found out that the interest rate has dropped to 1%. Is it still worth it to keep it as a savings account as I will not be needing this money?
Yh.lens
Yh.lens
Level 5. Genius
Answered 1d ago
Can continue using. But i am transferring that amouny to Singlife before 1 July. Anyways it will just be the first 10k that will be 2.5%. The rest of the amt can sit inside Jumpstart or you can consider another Insuretech called ElastiQ. It's giving an interest rate of 1.8%
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Supplementary Retirement Scheme (SRS)

Investments

Online Brokerages

ETF

Robo-Advisors

Stocks Discussion

If I have $80k in my SRS account and looking at a timeline of 10 years, what is your recommendation for investments?
Yh.lens
Yh.lens
Level 5. Genius
Answered 2d ago
I will get into REITs. With 80k you can diversify into 8 REITs with 10k allocation to each. Collect the dividends and reinvest it. Do it consistently for 10 years
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Investments

STI ETF

Online Brokerages

Should I continue my DCA into STI-ETF? I entered abt 2 years ago at ard 3.2, looking at it now, is it still wise?
Yh.lens
Yh.lens
Level 5. Genius
Answered 4d ago
My STI ETF position is also sitting in a loss. Average price around 3.111. I'm still gonna hold it but not planning to average down because there are much more valuable choices out there if you look hard enough. ES3 is down 13% now but my other position (REITs + blue chips) are mostly in the green so my overall portfolio is around -4% now. Friday was a big win for REITs and I am extremely happy to be holding on to 2 crown jewel counters: CapitalMall trust (+26%) and MapleTree Commercial Trust (+27.5%). It all boils down to asset allocation and how you diversify. Stick to around 10 good counters and just hold them. Collect the dividends and monitor the fundamentals, if its hitting fair value, average in and buy more of those goodies! Holding power is so so important so I recommend you to hold on to it and just look for better counters. All the best. Disclaimer: Not a buy or sell advise, please DYODD
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Singapore Saving Bonds (SSB)

Bonds

Investments

ETF

Online Brokerages

Stocks Discussion

Hi all, whatā€™s the difference between Singapore Savings Bond and ABF Singapore Bond? Is one more risky than the other?
Yh.lens
Yh.lens
Level 5. Genius
Answered 4d ago
Singapore Savings Bond is govt backed and has principal protection. It is issued every month by the SG government and is like a fixed deposit. ABF Singapore Bond is an ETF and traded on the stock market and consist of a basket of investment grade bonds. Both are bonds however ABF will be slightly riskier due to it's ETF nature (buying and selling on the stock market)
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Investments

Savings

Insurance

Endowment Policies

Savings Accounts

SeedlyTV S2E07

Is a savings plan with an insurance company necessary?
Yh.lens
Yh.lens
Level 5. Genius
Answered 1w ago
Insurance companies provide you with the primary purpose of risk management. Health is wealth hence to continue having cashflow it is important that we have insurance to protect us during rainy days. Investing on your own is great because there will be no recurring fees (unless you do robo advisor) and in the long term buying and holding solid busiensses you are bound to do better than any other asset class or your bank interest rate. Insurance saving plans such as Endowment Plans or a Investment Link Plan caters more to people who are not cost sensitive and too busy to take care of their own investments because they lack the time and energy (eg doctors/lawyers) so its better they let others manage their finances. If you have your own free time to research and maintain your portfolio and have your emergency funds + insurance plans well covered, I don't see a need that you get a savings plan! It all comes down to how well you manage your finances, whether you are fully covered by your insurance plans and how much financial knowledge you have.
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SeedlyTV S2E02

COVID-19

Investments

Stocks Discussion

I've heard so many saying now is the perfect time to invest because of the idea of 'buy low, sell high'. I've never invested before but now seems like the perfect time. Any advice?
Yh.lens
Yh.lens
Level 5. Genius
Answered 1w ago
Garner all the necessary knowledge before you start. Start with a small capital so that your mistakes will not be too grave, and keep on learning. Goodluck!
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Investments

FIRE Movement

Robo-Advisors

Stocks Discussion

Online Brokerages

ETF

Singapore Saving Bonds (SSB)

Is my portfolio well planned/diversified? Any recommendations?
Yh.lens
Yh.lens
Level 5. Genius
Answered 2w ago
In my opinion you are overstretching your resources. Microsoft, Apple and Google are already part of QQQ. Also $1k per position is rather small and comission fees may be high. Would be better if you enter each position slowly and don't rush.
šŸ‘ 0

Investments

Stocks Discussion

Online Brokerages

ETF

Robo-Advisors

What is in your current portfolio?
Yh.lens
Yh.lens
Level 5. Genius
Answered 2w ago
100% Sg stocks and Reits :) Mostly in the green except SATS (averaged down) and STI ETF.
šŸ‘ 0

Investments

Stocks Discussion

Online Brokerages

COVID-19

People often talk about emotions causing investors to sell low. Do you feel tempted to sell once you've earned from an investment?
Yh.lens
Yh.lens
Level 5. Genius
Answered 2w ago
Prices go down- This tells me you have yet to develop an investor's mindset. Prices will always go up and it will always go down, that is just how stocks work and in the short run no one will ever know where prices are heading. With a investor's mindset, you should see stocks as businesses and businesses generally do better over time (SOLID FUNDAMENTALS) By identifying the right stocks (businesses), you are bound to gain if you hold it in the long run. Do note: You should only INVEST in stocks if you plan to hold them for at least 3-5 years as gains will not be realised before that. If you hold stocks for a few months or even a few weeks, that is not investing, that is being SPECULATIVE and that is not what investing is. Another difference is trading, and beginners should never attempt to do so as you need to have a good grasp of technical analysis as well as identifying macroeconomic trends and constantly staying up to date. Just my two cents.
šŸ‘ 0
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