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SCB Jumpstart

Standard Chartered

Bank Account

Jia Hao Liew
Jia Hao Liew
Level 3. Wonderkid
Answered 57m ago
It's 2% per year. You get interest on the last working day of each month if I'm not wrong.

Investments

ETF

Dividends

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 1h ago
You can use this website to find the yields of ETF on SGX. link: https://www.fundsupermart.com/fsm/etf/etf-selector So far i have been looking as well and the REITS ETF after accounting for expenses fall below 4%. There are some ETF that are risky but the yields are above 4% I write cool stuff about personal finance and money-saving hacks here.

Lifestyle

Personal Finance 101

There is nothing to justify if you are paying to do things that you enjoy. You are accountable to no one but yourself. As long as the amount spent is manageable and not excessive then go ahead to spend and experience it. Others have hobbies like collecting Funko toys and spend alot on it. As long as it makes them happy and they can afford it then no worries. I write cool stuff about personal finance and money-saving hacks here.

REITs

ETF

Ernest Yeam Wee Leong
Ernest Yeam Wee Leong
Level 6. Master
Answered 1h ago
You can start with DCA via RSP and work on it first. If you feel that you have better understanding of REITS and able to manage your emotions or temperament in handling the up and downs of share prices then can move into individual stocks. Long term wise I will preferable choose ETF due to less involvement although that means lesser returns and less headache. I write cool stuff about personal finance and money-saving hacks here.

Robo-Advisors

Investments

StashAway

Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered 1h ago
You should start now and add every month. Up or down market should not be a concern if you are dollar cost averaging and holding for the long term.

Blue Chips

ETF

Investments

Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered 1h ago
As long the market is open, there's a available bid/offer that is acceptable to you

Insurance

Hospitalisation Insurance (H&S)

AXA Shield

Hi anon, The key function of the shield plan is to cover your hospital bills and associated pre and post outpatient costs. With that in mind, all shield plans are largely the same. But once you get into the finer details, they can differ by quite a bit. Now, it won't make a lot of sense to detail everything here, but you can speak with your advisor who should be able to take you through the unique selling points of each plan, and I'd recommend you to do just that.

Insurance

Hospitalisation Insurance (H&S)

Hi Anon, I think if you are able to DIY, definitely go for it. I think with the accessibility we have now due to technology makes things better boundless. I think in regards to whether to go through an FA, I think it really boils down to chemistry. And as you can see the responsed below.. it's been pretty negative as... there is a tendency where agents do not follow up over time sometimes.. But I think we do need to give them some slack as they are also human.. Having a FA is like having a relationship manager between you and the insurer, so just something to think about I think there is no harm actually meeting up with an FA, and see how things go and if you hit it off with the FA, as there are FAs who are committed to their clients as well. Do reach out if you have questions, as both have their pros & cons

Stocks Discussion

Investments

FSM INVEST EXPO 2020

Heah Min An
Heah Min An
Level 5. Genius
Updated 3d ago
I only have 2 methods + 1 pre-requisite: Method A: Buy the company for its dividends 👉🏻 use dividend yield method (Google the formula) 💡Determine the yield that you want also you to know the price that you’ll buy this company at Method B: Buy the company for its earnings/cash flow powers 👉🏻 use the discounted method (I.e. over a 10 year period, if I earn $10k each year, should I pay a price of $100k now?) 🔆Pre-requisite: Formulas have always been there. Strangest part is when investors ain’t clear of their intentions of buying the stock. Once I clear this huddle, it’ll a breeze.

Cryptocurrency

JL
Jayden Lee
Level 4. Prodigy
Answered 2h ago
Satoshi Nakamoto is the name used by the presumed person or persons who developed bitcoin! https://en.wikipedia.org/wiki/SatoshiNakamoto
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