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Zeeeee

Student who wants to retire early:-)

Zeeeee

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Student who wants to retire early:-)

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Zeeeee

  • Answers (28)
  • Questions (2)
  • Reviews (6)

SeedlyTV S2E02

Giveaways

[GIVEAWAY] What was the most useful advice you learned from this episode and how would you incorporate that into your personal finance or investing habits?
Zeeeee
Zeeeee
Level 5. Genius
Answered on 14 Apr 2020
Don't do stupid things in the market, think rationally, act prudently. I'm personally experiencing a lot of fear as it is the first time experiencing such a large paper loss.. but it is important to look at the big picture and understand why we are vested in the companies in our portfolio in the first place.
👍 1

Investments

Savings

National Service (NS)

What should I do with my money? My situation: I have about 20k in my savings account, and I plan to keep about 5k-10k as emergency funds. I'll be beginning my NS journey soon, then university after. ?
Zeeeee
Zeeeee
Level 5. Genius
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!:)
👍 2

Lifestyle

General

Travel

Hi all, I'm choosing between using SimplyGo and Ez-Reload. Do you guys think it is better to switch over to SimplyGo?
Zeeeee
Zeeeee
Level 5. Genius
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:)
👍 1

Investments

Savings

What should your net worth be at 30 without including CPF. I have been reading up about hitting 100k, is it realistic?
Zeeeee
Zeeeee
Level 5. Genius
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:)
👍 9

Investments

General

Is it still safe to start investing despite the recession warning in 2020?
Zeeeee
Zeeeee
Level 5. Genius
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..
👍 5

General

How does one define networth?
Zeeeee
Zeeeee
Level 5. Genius
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.
👍 1

Stocks Discussion

Investments

Retirement

What other ETFs to look at for DCA ?
Zeeeee
Zeeeee
Level 5. Genius
Answered on 05 Jun 2019
Iwda vwrd spdr sti etf
👍 0

Savings

Retirement

How do you save up for short and long-term goals?
Zeeeee
Zeeeee
Level 5. Genius
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
👍 3

Giveaways

Lifestyle

(CNY Giveaway 2019) Describe your Chinese New Year in 4 words! Be creative with your answer, and stand a chance to win Hai Di Lao vouchers!?
Zeeeee
Zeeeee
Level 5. Genius
Answered on 12 Feb 2019
eat like an oinkoink sleep like an oinkoink think like an oinkoink
👍 1

Career

I come from a single parent home and I don't want my mum to give me allowance anymore. Where can I look for a job that will hire a 16 years old?
Zeeeee
Zeeeee
Level 5. Genius
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
👍 1
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