Zeeeee - Seedly
 
Zeeeee

Student who wants to retire early:-)

Zeeeee

33Upvotes

About

Student who wants to retire early:-)

Credentials

Zeeeee's credentials are not filled up yet.

Zeeeee

33Upvotes
  • Answers (27)
  • Questions (0)
  • Reviews (3)

Investments

Savings

Zeeeee
Zeeeee
Level 4. Prodigy
Updated on 14 Jun 2019
No doubt there's merit in Gabriel Tham's answer, I am a little more risk adverse and would dabble in various forms of investments. Ultimately, it's a matter of your risk appetite. What is risk appetite? Simply put, will it be fine if the sum of money you invested dwindle over the many years (with a potential but without guarantee of recovering fully)? If you're okay with allocating a small fraction of your cash worth to that purpose, I would say now is the best time for you to learn and explore. You might not have the time after NS whilst in Uni or in the workforce to do so. SSB is definitely one solid option (higher rates than your SAYE and inherently similar liquidity as your SAYE). The Astrea V minimum investment amount is 2K which might be quite a huge sum for your case.. if you're getting SSB of about 3k, I'd suggest you allocate another 2+k to stocks -- but don't go for a basket of them, go for a single company you believe strongly in!! gotta do your research for this. Other options are worth considering (ie P2P or Robo) but ultimately it depends on your risk appetite. Use these two years to learn and experiment!:)

Lifestyle

General

Travel

Zeeeee
Zeeeee
Level 4. Prodigy
Updated on 10 Jun 2019
You could just pay using Android Pay/Google Pay by linking your Visa/MasterCard to your phone. saves lots of trouble having to fish out your cards when you're probably holding onto your phone the majority of the time:)

Investments

Savings

Zeeeee
Zeeeee
Level 4. Prodigy
Updated on 08 Jun 2019
I'm 20 turning 21 later this year, going University this August. and my net worth is 80k (incl bonds stocks p2p saving accounts etc) all these are savings of scholarships (edusave, moe, jc), ns earnings, and earnings from teaching music for the past 2 years. on top of that, I give my parents a monthly allowance (though I'm thinking if I should continue when uni starts). hopefully I could reach 100k by the end of the year by continue teaching and saving the uni scholarship allowance awarded to me:) yes, everyone mentions to invest.. well I do that too and going for agms and getting dividends and all is kinda cool. but I feel the true way to grow your net worth is by working hard and earning your income. it's a struggle but it'll be worth it also unlike my peers, I don't splurge on fashionable branded goods.. though I don't dress fashionably and wear the same kind of clothes daily I guess it's 先苦后甜 or suffer now enjoy later:)

Investments

General

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 07 Jun 2019
The best case scenario will be to invest when the market is at it's lowest point, but that would require a lot of luck and patience.. After all, there might be a chance there won't be a recession for the next few years to come. no one is able to predict such a scenario accurately. As such, you should start investing first, figure out some of the strategies yourself after you've started (took me two years to figure out some money saving strategies...), and still keep a portion for the event where the market crashes. Ever since I started two years back, people have been postulating a recession but till now, new uncertainties have emerged..

General

Zeeeee
Zeeeee
Level 4. Prodigy
Updated on 07 Jun 2019
The sum of all the assets under your name, from bank account balances, to total sum of your investment portfolio, to your CPF balances, to housing valuation (if you were to sell it....) and even insurance policies under your name with a cash value to it (like the surrender value of whole life plans), one usually reviews it on a monthly/yearly basis to track the growth and to see if your financial actions are playing out well or not.

Stocks Discussion

Investments

Retirement

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 05 Jun 2019
Iwda vwrd spdr sti etf

Savings

Retirement

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 05 Jun 2019
For short term goals, go for something more liquid like FDs endowments or SSBs for long term goals, you could look into stocks, endowments

Giveaways

Lifestyle

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 12 Feb 2019
eat like an oinkoink sleep like an oinkoink think like an oinkoink

Career

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 03 Dec 2018
I feel that you should focus on your studies as much as you can to ease the burden on your mum by getting a full uni scholarship so she won't have to fund your further studies:) but if you're able to cope with studies, go ahead and look for a part time job as well

Bank Account

Zeeeee
Zeeeee
Level 4. Prodigy
Answered on 18 Sep 2018
I'd say CIMB fast savers but I read other comments which said Citi Maxigain:O is there a difference in both other than ror?
Load more questions
Level 4. Prodigy
33UpvotesGoal 50
17 UPVOTES TO LEVEL UP
Browse Rewards