Yixiong Chang
Level 5. Genius
‧ 67 upvotes received
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I am not an insurance agent. I empower one with appropriate financial knowledge to make sound financial decisions for themselves
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(Nov, Dec)
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  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered 2d ago
    Get the Executor or administrator(if no will) to visit each insurer personally to check if the deceased holds any policies with them.
  • Asked by Shun Oh

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered 3w ago
    Pages folded into 'bowl' to use to hold food waste/rubbish. =D
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered 3w ago
    Just get hospitalisation insurance (integrated shield plan). You can use your medisave to pay part of it. Upgrade to the tier that u can best afford.
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 16 Mar 2019
    It just a loose reference to the interest rate environment at that time. The contract wrote ' the crediting rate will be determined by us based on the prevailing rate, subject to the minimum guaranteed crediting rate of 0% p.a '. So Technically they can set the rates at any percentage, or even zero if they like to. =D But there will lose them clients' monies. In reality what it means is just they will set the rates they deemed to be competitive (while they still can make money).
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 16 Mar 2019
    Circlelife is using M1's infrastructure. Walls do block the signal, if his home is situated 'inside' a cluster of other buildings, or his room is not with window. Or sway sway that his spot is at the interference spot. There are actually signals booster inside commercial buildings that's why we are still able to get 4g inside shopping mall or office buildings. Download those apps where u can do speed test/signal strength check. I use Open Signal. It can do speed test, check signal coverage and even which cell tower u are connected to.
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 12 Mar 2019
    There are many reasons. I'll just list a few: 1) Immediate funds raised, for working capital or expansion plans. 2) Ease of doing business. As being a listed company allows to 'bypass' alot due diligence. eg faster bank loans (banks need less checks to fulfil anti money laudering requirements). Being a listed companys gives instant credibility, eg better compete for business against private company for new business. 3) Lowers future borrowing cost (bond issue or bank loans). As above, Being public company, means more(detailed) of company's financial statement will need to be released. Also allows easier for ratings company to give a credit rating. etc. Banks will likely lend more at a comparative lower cost 4) Exit plans for investors. There are many investors prior to IPO, and IPO provides a way for them to exit (cash out). There are usually many angel investors and private equity, or even state investment funds (think Temasek holdings). They would want to cash out or at least have a market valuation to their investments. Alot Venture capitals (usually structured as a partnership) have a set timeframe with entry and exit plans, so they will use IPO as a means to exit their shares. etc etc 5) Stocks options (for employees). Many companies might have issued stock options to their employee as reward. This allows employees to realise their gain (if any) when the shares goes public. Post IPO, company can also stock options as reward to employees (typically senior management esp like CEO). 6) Attract better talents. As mentioned that listed company has that instant credibility. It will also make attracting talents much better over a private company. The plus will usually outweigh the cost involved (compliance cost, listing cost, lost of control). If it doesn't, it will likely be taken private (delisted), think SMRT.
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Updated on 03 Mar 2019
    It depends on each ETF's policy. Alot ETFs pays out dividend as well, but on a fixed schedule. For STI etf like the spdr and NikkoAM sti etf, they pay out dividend semi annually. Some might have DRIP dividend reinvestment program, which the dividends is used to purchase more units of the ETF instead. Most index u see are price-level index. There are also total return index version of each index that assumes reinvestment of dividend.
  • Asked by Anonymous

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 03 Mar 2019
    There isnt. If u do intend to stay in Sg for at least another 10years, u can consider using SRS. You will need to direct the investments yourself. But you'll get tax relief for every dollar u topped up (max $35.7k) per year. Eg, your taxable income is $40k, for every dollar u earn above 40k is taxed at 7%. Therefore, if u topped up $1000 into your SRS account, u get $1000 tax relief, u saved 7% of $1000 = $70 tax money. Effectively have gotten 7% return on your money, The higher your tax bracket, the higher your effective return.
  • Asked by Ping Hong

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 02 Mar 2019
    Technically, CPF will not lose monies on its investment. The management does not make investment decisions, other than just CPF monies are invested in a special singapore government securities. These securities are fully backed by the Singapore government. The performance of our sovereign wealth funds have no impact on the returns of CPF. Financial crisis will decrease assets prices, but it will recover at some point. Unless we go back to some dark ages, nuclear war or another war something. Our sovereign did lost billions during the last financial crisis, but it recovered and grew new highs since. You would likely have lost money too if u have invested elsewhere during the crisis.
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