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Zi Shuen

Firm believe 'formal education can make you a living, informal education can make you a fortune'

Zi Shuen

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Firm believe 'formal education can make you a living, informal education can make you a fortune'

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Zi Shuen

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SeedlyTV S2E03

Career

I am in year 1 in business school and a lot of my friends are planning to go for internships during this summer break. Should I be doing that? Is there a need to?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Updated 6d ago
Yes, you should, you need to, you have to, and you must. More experiences make you more employable without having a fantastic GPA (you may be surprised that not many companies actually look at GPA). Also, those internships can be a 'guinea pig'. You may think you like marketing, but once you try it, you found out you don't like it. No issue with that, you can try HR next time, then finance, then sales, etc... You have to keep trying new things out to know what really suits you, and the only way to achieve that is through having multiple internship experiences. Plus, the world is full of uncertainty. Many undergrads' internships got cancelled due to Covid-19, or worse still, they couldn't find any coz no one is hiring anymore. Touch wood, but you can't be sure that the same shitty situation wont happen again in 2021, 2022, 2023, and you will regret your 'I have 3 more years to do internship'. So, please go and take the summer internships. Not just summer, do the winter internship as well, during your school term take a part time internship as well if you can juggle between work and studies. I am in my year 3 in NTU and I have already done 5 internships, excluding my internships in Poly and while I was waiting to enroll to NTU. Bottom line: take up as many internships as you can, and you will see yourself shine and stand out from the sea of candidates.
šŸ‘ 0

Investments

Online Brokerages

Brokerages

Stocks Discussion

Trying to invest in foreign stock market, any suggested brokerages?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 6d ago
Hi MC Chow, Saxo Capital is a solid place to invest in foreign stock market.
šŸ‘ 0

Lifestyle

General

Career

Education

If you could pick up a new skill of any kind, what would it be?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 6d ago
This question is close to impossible to answer as there is no context provided. Generally, you want to learn a skill that is close related to the industry you work in, or something you are interested in or passionate about. Let's take everything out of consideration and just talk about a few skills in general. There are a 2 essential skillset that are important regardless of which industry you are in. 1. Sales. You dont have to be a salesman to learn sales. Concepts and theories of sales can be applied in our daily life. Finding a job? You need to sell yourself to the HR. Chasing a girl? You need to sell yourself to the girl. Making new friends at work? You need to sell yourself to your colleagues for them to like you. 2. Public speaking and communication skill. Well, I believe I dont have to explain much here. The ability to articulate your thoughts is so underrated. Even if you are a coder, you still need to communicate your ideas and thoughts to your colleagues to work on it together and to your managers to get approval.
šŸ‘ 0

COVID-19

Career

Education

Fresh Graduates

I am a fresh grad, but similar to most of my friends, I am unable to secure a job in this COVID situation. What can I do? Should I take up an internship or are there better ways?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 6d ago
Hi, In my humble opinion, there are 3 things you can do: 1. Get an internship yes, but 'negotiate' with the HR and see if there is opportunity to convert to full timer once your internship ends (of course, make sure that is the job you want) 2. I am very sure there are still companies that are hiring full timer despite the covid-19 situation, but you have your foot in the door first by just taking up a job in any company that is relevant to your interest and passion. Put salary aside, the most important is still to get a job 3. While you are seeking for a job or waiting for this situation to ease, upgrade yourself. Take up online courses, read books, attend webinars, etc. Do whatever you can to upgrade your skillset in the relevant industry. This will prove to your employer that, while 80% of people who stuck at home are just wasting their life away by watching Netflix and playing games, you actually take the time to improve yourself and grow personally and professionally. This will make you stand out from the sea of other desperate candidates for sure. I wish you all the best!
šŸ‘ 7

SeedlyTV S2E07

Singlife Account

Savings

Savings Accounts

Interest Rates

Would you suggest someone who is self-employed to put their savings with Singlife Account, since they provide the interest of 2.5% p.a. for the first 10k and 1% p.a. for the next 90k?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 6d ago
Yes, it's a fantastic account to park your emergency fund. Of course, to optimise the interest rate, you can just save $10,000 in it and never top up again. However, for myself, I would actually save all my emergency fund in the Singlife account regardless of the amount, since the 2.5% for the first $10,000 is attractive and would be troublesome to have 2 emergency accounts. As Gaius stated, SCB JumpStart is a really good choice as well.
šŸ‘ 0

Investments

Stocks Discussion

Bonds

General

Robo-Advisors

Online Brokerages

What are some good investments that you will choose to diversify your portfolio with?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 6d ago
Best way to diversify is in different asset class, then in each asset class, choose different assets. Not sure what's your age and hence risk tolerance, Clarissa , but this is what I'd do: - SPDRĀ® S&P 500 ETF Trust (SPY) - Vanguard FTSE Emerging Markets ETF (VWO) - Vanguard REIT ETF (VNQ) - FidelityĀ® MSCI Information Tech ETF (FTEC) - Vanguard Total International Bond ETF (BNDX) - SPDR Gold Shares ETF (GLD) - Cryptocurrency (Bitcoin, Ethereum etc)
šŸ‘ 1

DBS

ETF

Value Investing

Investments

Savings

STI ETF

Online Brokerages

Stocks Discussion

I have a low risk appetite, and just started investing on ETFs. With extra income this month, what else should I invest in?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 2w ago
Hi Shawn, in my opinion, all ETFs on DBS Invest Saver are on the low risk side. Other than STI ETF, you can also look into ABF Singapore Bond Index Fund and Nikko AM-StraitsTrading Asia ex Japan REIT ETF. However, the downside of those is that their return is relatively low. I'd actually suggest you create an account with FSMOne and use their regular savings plan (same as DBS Invest Saver, whereby you invest $x every month). FSMOne RSP have more varieties for you to choose from, and I'd personally recommend iShares Core S&P500 (IVV), Vanguard FTSE Emerging Markets (VWO), and Fidelity MSCI InfoTech (FTSE). Another option for you in POEMS Share Builder Plan (same, they're regular savings plan like DBS Invest Saver and FSMOne RSP). Here, you can buy REITs for dividends income (since you'd prefer low risk) such as Capital Land Mall Trust, Mapletree Commercial Trust, DBS and more. Robo-advisor such as StashAway, Syfe, MoneyOwl etc also provide you your own customized portfolio that cater to your preferred risk level. All the best for your investment journey, stay safe, stay healthy, and stay invested!
šŸ‘ 1

Property

Fresh Graduates

Undergraduate

Lifestyle

How should I rent/buy an apartment after graduating from university?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 3w ago
Hi! I just completed my year 3 (will be going year 4 this August) as well. If I was in your position, I'd: 1. Rent a house first, probably with friend/ friends, if the location is near to office that would be best 2. Invest most of my money. This once-in-a-decade opportunity just arrived, and I am sure someone like you who has experiences in business and investment definitely wouldn't want to miss it. Having $130k to invest will really accelerate your path to financial freedom and independence. All the best, stay safe, stay healthy, stay invested!
šŸ‘ 0

SeedlyTV S2E05

Investments

Stocks Discussion

Online Brokerages

If you have $10,000 to invest, how would you allocate your portfolio?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 3w ago
It depends on your risk tolerance, age, and some other factors. But to generalize the answer, this is what I'd do in the CURRENT market situation 1. Hoard the cash for now, the market is going very irrational at the moment (unemployment is rising, trade volume is dropping, interest is dropping, and the stock market is RISING?????). it doesn't take a genius to know that now is not the right time to invest 2. After some correction, perhaps market drop a further 10% - 20% (I don't know when, but perhaps a few months later), then I will invest 50% of my money and keep the remaining 50% 3. I will buy in (lump sum) some countries and sector ETF such as SPDRĀ® S&P 500 ETF Trust (SPY), iShares MSCI China ETF (MCHI), Vanguard FTSE Emerging Markets ETF (VWO), Vanguard REIT ETF (VNQ), FidelityĀ® MSCI Information Tech ETF (FTEC). 10% each with the 50%. 4. The remaining 50% I will use it for Dollar Cost Average every month ($1,000 every month for 5 months). However, with just $1,000, the brokerage will be insane hence DO NOT DCA on your brokerage accounts such as DBS Vickers, Saxi Capital etc. I'd use Regular Savings Plan (You can choose from OCBC, POSB, POEMS or FSMOne). Personally, I'd go with FSMOne RSP due to their low fee. I will invest $250 each month into iShares Core S&P 500 ETF (IVV), FidelityĀ® MSCI Information Tech ETF (FTEC), Vanguard FTSE Emerging Markets ETF (VWO) and Invesco China Technology ETF (CQQQ), that makes up to a total of $1,000 every month. Continue doing this for 5 months until you invested your remaining $5,000. 5. Depending on market condition and what you plan to do and you financial situation, you can continue investing the lump sum to buy stocks you like (Zoom, Amazon, Facebook, DBS, whatever) or continue your DCA into FSMOne RSP, or stop investing altogether. That sums up what I would do if I have $10,000 to invest, cheers!
šŸ‘ 1

Savings

Investments

Trading

FIRE Movement

POSB

National Service (NS)

Career

I am a 20 year old waiting to enlist, how do I start the FIRE journey?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 3w ago
Hi, I'm 24 this year and I was at your situation too, perhaps I'll share with you what I'd do if I was 20. 1. Have 6 months of emergency fund (Eg: if you spend $400 a month, then make sure at least $2,400 remain in the bank account) 2. I'd take as much time as possible to learn investment. If you're interested in stock picking, then read some books or take some courses that teach you how to evaluate and pick stocks. 3. Remain invested while you're still learning. There are a few beginners friendly ways to start your investment journey 3.1 Regular Savings Plan - you can try with OCBC Blue Chips Plan, FSMOne RSP, POSB Invest Saver. I'd go with FSMOne due to their lower fee. This is a good way to start your investment journey with as little as $100 a month and continue to Dollar Cost Average 3.2 Robo-advisor - there are many robo-advisors in Singapore such as StashAway, Kristal.AI, EndowUs, MoneyOwl, Syfe etc. You can read online reviews and decide on your own. I'm personally using StashAway. 4. Once you have accumulated enough knowledge to get started, start picking stocks and invest in them. When you're young, I'd advise you to focus on growth stocks with smaller market capitalisation as they have a higher growth potential. After you accumulated sufficient capital from the growth stocks, you can diversify into more stable ones such as blue chips stocks, dividend stocks and REITs. 5. Focus on increasing your income, take on a side hustle, improve your skillset, start a small online business, whatever. Increasing income is the best way to accumulate capital. All the best, stay safe, stay healthy and stay invested!
šŸ‘ 5
Level 4. Prodigy
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