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YT

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YT

  • Answers (1028)
  • Questions (3)
  • Reviews (8)

Credit Cards

Payments

Lifestyle

Which Mastercard credit card is good to have, just as a spare card?
YT
YT
Level 9. God of Wisdom
Answered 11h ago
Given your case, you may want to look at zero-fee credit cards since these expenditure may not be very frequent (depending) or high transaction amounts. For myself, I have been using CIMB AWSM (18-29 y.o).
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Singlife Account

Insurance

Health Insurance

Hi, I noted to qualify for the entitlement under the PPF Scheme by SDIC for the $100 k protection, one of four following conditions has to be met (https://www.sdic.org.sg/calc/pop_calc).?
YT
YT
Level 9. God of Wisdom
Answered 2d ago
You are receiving monthly annuity in the form of interest on savings.
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Insurance

AVIVA Personal Accident Insurance

Does AVIVA group personal accident insurance cover for infectious diseases?
YT
YT
Level 9. God of Wisdom
Updated 2d ago
You have to look at what is defined as an 'accidental injury' by AVIVA. "Any physical harm done to Your body during the Policy Year, caused solely and directly by an Accident, and independently of any other cause, within 365 days from the date of Accident. This excludes all medical conditions, illnesses, diseases, sickness, bacterial and viral infections, even if such conditions resulted from, or were in any way connected with, the Accident." Information from policy summary.
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Property

HDB BTO

Out of these 3 sectors - Core Central Region (CCR), Rest of Central Region (RCR) and the Outside Central Region (OCR) - which should I pick for my first home? Any recommendations?
YT
YT
Level 9. God of Wisdom
Answered 3d ago
There are factors you can consider: - Assessibility: distance to MRT/workplace/places of worship/school - Amenities: distance to ATMs/supermarkets/parks - Budget: depends on your income - Family needs: are there plans for children or a home office? - Future development: are there plans to build an infrastrucutre/facility? - Location: is it near an expressway or high-traffic road? - Price: is it worth (or a need to) paying a premium staying near the city/town? Proximity to parents/children: HDB Proxmity Housing Grant (Resale)
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Investments

Robo-Advisors

ETF

StashAway

S&P 500 Index

What鈥檚 the performance of stashaway against indexes like S&P500 as benchmark?
YT
YT
Level 9. God of Wisdom
Answered 3d ago
! This is the performance of StashAway from Jul 2017 to Jul 2019 compared to a similar risk benchmark. Overall, there is better performance over the benchmark. However, it is important to note that 2 years is too short a period to confirm any trends of outperformance and usually a minimum of a 5 year period is considered. For the period from 2017 to 2019, it is also part of the longest bull run from 2009-2020, and therefore does not amply take into account for the economic fluctuations in the market for future projection.
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Retirement

Investments

How should you draw on your investment portfolio during your retirement years to ensure that it lasts?
YT
YT
Level 9. God of Wisdom
Answered 4d ago
You can take a look a this article: https://investmentmoats.com/financial-independence/timelineapp-flexible-spending-financial-independence/
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Career

Freelancers

Is it common for employment contracts to have a clause to prevent moonlighting? What happens if you get caught breaking the clause?
YT
YT
Level 9. God of Wisdom
Answered 4d ago
Yes. It is especially common for those in civil service and foreign workers. Even for locals and those in other industries, moonlighting is generally disapproved of due to i. split work commitment/distraction and ii. potential conflict of interest. The penalty will depend on your individual employment contract, potentially including termination. It is best to review through the contract and/or check with your superior beforehand if you are intending to seek outside work.
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Career

Freelancing for students - What is a good way to start in SG?
YT
YT
Level 9. God of Wisdom
Answered 4d ago
Perhaps you can consider blogging which can be used further on as part of your portfolio or engage in contract work with firms (if you feel you are skilled enough). If you want to pick up the skill, can consider an apprenticeship with someone in the industry.
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Investments

Robo-Advisors

Savings

StashAway

Savings Accounts

COVID-19

Stashaway Simple or a traditional savings account?
YT
YT
Level 9. God of Wisdom
Answered 4d ago
StashAway Simple is an investment as it invests in money market funds. Therefore it is important to note the use of the money to better plan where to put them. If the money is used as emergency funds, then it would be best to keep them in a savings account. If the money serves as additional cash either as warchest or for future expenditure, then you can consider MMF (StashAway Simple, Endowus Cash Smart) where there is slightly higher returns, no lock-in and generally safe (low risk of capital loss).
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Investments

What are the best short term investment plans (~5 years)? This sum of money is to fund for marriage and/or house! It could be a lump sum and/or monthly investment. Any suggestions?
YT
YT
Level 9. God of Wisdom
Answered 4d ago
You can take a look at short term endowment plans where there is returns and capital guarantee. Usually the rate is about 2%.
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