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Yixiong Chang

I empower one with appropriate financial knowledge to make sound financial decisions for themselves. Also specialize in medical..

Yixiong Chang

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I empower one with appropriate financial knowledge to make sound financial decisions for themselves. Also specialize in medical..

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Yixiong Chang

  • Answers (231)
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Investments

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Updated 4h ago
It is a UPFRONT tax, paid directly at source. It is usually levied on foreigners. They scared foreigners will run away, so they 'withhold' the tax upfront. The withheld tax rate is typically the highest tax rate. The foreigner will need to declare his tax status to the government, and will receive refund (thus the term, 'withholding') of the tax money held earlier according to his tax treatment. For example, if u were paid $1 in dividend by the company u invested in. If there is a 30% withholding tax, only 70cents will be paid directly to u. 30cents will be paid to the government. To get back any of the 30cents, u will need to file a claim with the government. Depending on the tax treatment between our 2 countries, u can claim for reduced or exemption of withholding tax.

Stocks Discussion

FSM INVEST EXPO 2020

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered 3d ago
Becos SGX didnt start an Options exchange. Why not? Even our equity market volume are not huge, not to mention if equity options are introduced. Probably only several of the largest counter will have volume. There are also also considerations beyond volume. Warrants are much easier. They are traded like a security and enjoy leverage on the price of the underlying (and yet do not require margin like an options trade). They are issued by a financial institution, terms of the warrants are set by the issuing company. Those warrants u trade on SGX are issued by Macquarie. Companies themselves do not issue warrants that are traded on the exchange. So what is their purpose? Mainly just another betting tool for the avverage speculator. For the issuer, it is just another betting game they come up to make money.

Stocks Discussion

Investments

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered 3w ago
'Invest', probably No. 'Trade', yes. Fundamentals are not reflected in the direction of the markets. The rally in the last 3 months are attributed to QE4, another unprecedented liquidity injection by the Feds. There are already several ticking time bombs brewing. But as long Fed keeps the music going, the show will likely continue for sometime.

Insurance

SG Budget Babe

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Updated 4w ago
Moratorium underwriting will not work as cancer is a permanent exclusion. Are you asking regarding medical/hospitalisation plans or plans that will give lump sum payout inevent of critical illness? There are no individual medical plans in the market that will not exclude your condition if you are even accepted.

Lifestyle

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 01 Dec 2019
Ezbuy is the cheapest, and it doesnt charge a base fee. They have option to charge based purely on actual weight, rather than volumetric weight which most shippers use. This can offer alot savings for certain light yet bulky products. Collection is also easy.

Investments

Stocks Discussion

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 30 Nov 2019
It really depends on your passion/conviction. How much time and money u want to spend. If u just want to know the gist of it, Google, books, youtubes u can find sufficient. If u want to learn deeper, practical tips, avoid many pitfalls, you will have pay for it. Of course paid sources have its worthwhiles and worthless. Personal coaching will be best if u can find one.

Savings

Bank Account

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 30 Nov 2019
It used to be of convenience in the past, but now the uses are more limited. Situation where a financial commitment needs to be made (usually larger amounts), but doesnt require the immediate transfer of the said money. Eg, downpayment for house, u hand the check to the agent/lawyer etc. In business world, companies issue post dated cheque to creditors, it can only be drawn upon after the agreed period of credit term. High rollers in casino gives blank cheque to the casino for a credit line. Or even if u want to give someone/some entity some amount of money (can be for donation or whatever reason), but u do not have their financial details (bank account number, paynow details, etc). You can just write the amount and sign the cheque, but leave the pay-to empty. Or rarely if u require to make financial commitment, as u require more time to reconsider or do further due diligence. U can post date the cheque. If needed, u can always block the cheque so that it cannot be drawn upon. (maybe u found out it is a scam etc) haha. There are still useful times where cheques can be used, but for daily task typically are no longer needed.

Stocks Discussion

Investments

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 30 Nov 2019
Definitely achievable. Even 100% or multiples of that is achievable if u picked the right assest at the right time - like buying lottery. Smilarly with lottery, u dont win often and even is expected to lose over the longer timeframe. Higher returns are expected with higher risk. So do bear that in mind. You asked " What is the typical return for investors? ", that will depends what kind of investors u refering to. You need to use the appropriate benchmark to measure. For example if u only buy singapore stocks, you might want to look at what is the average return of STI over the last 10years etc. For reference, The nikko AM STI etf has a 10-year performance of about 4.3%. Temasek holdings has a 10yr of 9%. But an average person would not be able to invest like temasek, but just for reference. Non traditional/alternative assets will likely to be able to achieve higher returns over the longer term due to their higher risk involved.

CPF

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Answered on 16 Nov 2019
Take note that you can ONLY earn tax relief on cash top-up to your Sibiling ... IF His or her income in the preceding year of top-up is $4,000 or below . (This includes salary and even tax-exempt source such as bank interest, stock dividends, pension etc) or He or she is handicapped. So in your mentioned case, unless both parties are not working, they would only earn $7k tax relief for the portion on self top-up.

Ohm Energy

iSwitch

Geneco

Keppel Electric

SeedlyTV EP08

Money FM 89.3 Show

Yixiong Chang
Yixiong Chang
Level 7. Grand Master
Updated on 06 Aug 2019
Imagine they are our different telco. M1, Starhub, Singtel etc. Or our Banks (DBS, UOB, OCBC, Standchart etc) offering mortgage loan. There are offering the same thing, but just different pricing terms. In short, the plans can be summarised into 2 main type. One is fixed price (imagine fixed interest rate loan), and another is variable (imagine floating rate interest based on sibor). The variable will be usually a discount( x %) off the regulated tarrif (sibor) rate that the rest of singaporeans are paying now. For actual plan comparision, see the official site. https://compare.openelectricitymarket.sg/#/home
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