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  • Asked by Anonymous

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

    Top Contributor (Dec)

    249 Answers, 430 Upvotes
    Answered 3h ago
    I just spoke to one of their staff after signing up for their wait list. Looks promising especially for retail investors looking for strong funds at a low cost. And unlike many of the recent Robos, endowus will be taking a different route by going for established well performing funds and creating portfolios using them. Currently what they provide is very close to what I'm able to provide as an IFA (similar funds just different share class), so it's up to them to differentiate themselves against traditional FAs while fighting off competition from the Robos. Definitely looking forward to hearing more stuff from them.
  • Asked by Eugene Tang

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

    Top Contributor (Dec)

    249 Answers, 430 Upvotes
    Answered 3h ago
    In Singapore you mean? Well at that age you can only go for private property. And that's a verg high quantum and if you would have only started working in SG after you graduate, you may not have a lot of money in OA to leverage on. Plus you'll be giving up the chance to buy a BTO. I wouldn't suggest buying an investment home at all. Not here. It'll make more sense to invest in the markets or if you really want physical property, look to Bangkok or Vietnam properties.
  • Asked by Anonymous

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

    Top Contributor (Dec)

    249 Answers, 430 Upvotes
    Answered 3h ago
    I would say about 10% every 3 years should be reasonable. But you should be trying to get promoted instead of just a salary increment of course.
  • Asked by Anonymous

    Leong Wen Fong
    Leong Wen Fong, Community Lead at Seedly
    118 Answers, 267 Upvotes
    Answered 14h ago
    Answering the part directly about office politics etc- Unfortunately this is something he will need to navigate no matter where he goes to. If he wants to be a business owner, there is a lot of partnerships and connections he will need to work on. Though not politics per sey, but nonetheless he will need to work on some form of networking. If we are talking purely about career aspirations, then firstly, you have to know what you are interested in, and what you are good at. If both of these point you in the same direction, then congrats! you have found the ideal industry or occupation to be in! However, if you have to choose one, I recommend you choose what you are good at, as long as you don't hate it. Hobbies and passion can remain as such, if you have the finances to support it. Secondly, try everything! After graduating from university, I had spent most of my time in the education sector. I really do enjoy it, however, I grew jaded for a season, and wanted to try something new! Thus I took on an internship just to gain more insights and experience into what I really wanted to do, and explore the areas that I have not explored before. Not only did it open my eyes, I also met really great people and formed really great friendships! There is no "one path" for everyone. Life is always changing, and it does not mean that we have to stick with one path for the rest of our lives. Priorities can change, jobs can change, people change. Lastly, every business has it's ups and downs. if he has really done his homework, researched, and really believes in his business, then he should go along with it. There is always the possibility of failure in a business- but that doesn't mean that you shouldn't try. At least you are aware that it can fail, and are not delusional that whatever you do will definitely work. All the best!
  • Asked by Huang Yixuan

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Dec)

    349 Answers, 846 Upvotes
    Answered 7h ago
    Yes but it's best to split into : 1) Expenses / Petty cash accounts - For monthly expenses - If you use DBS / POSB then use their normal savings/current account. 2) Savings / Investment acounts - Use DBS Multiplier to get max interest and all your other $ should be here! The benefits is also fast and easy transfer and easier to keep track all within 1 app and you can sync with Seedly app easily to track expenses by category. #1 can also be any other banks.
  • Asked by Timothy Tan

    Tee-Ming Chew
    Tee-Ming Chew, Co-founder at Seedly
    36 Answers, 106 Upvotes
    Answered 9h ago
    Went to research on the MCC and found out that it is 6540 (Non-Financial Institutions – Stored Value Card Purchase/Load) I'm not sure which credit card or bank that has rewards for topping up Youtrip (if that is what you meant) but I would love to know!
  • Asked by Anonymous

    Leong Wen Fong
    Leong Wen Fong, Community Lead at Seedly
    118 Answers, 267 Upvotes
    Answered 10h ago
    You can look at some of the reviews here! SInce you want more data, I actually recommend Circle's Life/ SIM only plans. However this means that you will have to pay full price for your phone, as the plans are rather cheap (currently paying 45-50 for 20GB of data) You may want to check this article out for more information!
  • Asked by Anonymous

    Eveline Lau
    Eveline Lau
    14 Answers, 51 Upvotes
    Answered 10h ago
    1. Gym membership. People tell me to just go running because it’s free but I don’t like to run; at the same time I want be fit. In a way, the money spent motivates me to attend classes every day so that I can inch towards my fitness goals. 2. Master’s degree It’s damn tiring to do a part-time degree on top of a full-time job. The paper qualification doesn’t add as much value to a Bachelor’s degree compared to a Bachelor’s degree‘s added value to a diploma. But the knowledge learned benefited me in other ways.
  • Asked by Anonymous

    Loh Tat Tian
    Loh Tat Tian, Ex-Financial Advisor, Founder at Singapore Insurance Value Finding

    Top Contributor (Dec)

    198 Answers, 292 Upvotes
    Answered 2w ago
    1) I would first seek to understand what's the problem with regards to the funds. From there, you can size up if our FA is really competent a not. IF not, you may proceed to "FIRE" your financial advisor. 2) I feel that it is not worth losing money just to "FIRE" someone whom you deem as not warm enough etc. But definitely its justifiable to "FIRE" if you really felt you should have better returns. 3) Taking ownership of your money is another matter all together. You are your funds owner, of course the profits and loss is your ownership. 4) Always part ways in a cordial manner as it does not help if your FA just drops everything and does not respond to you. You would suffer in a few ways (A) if your funds require to go through him to execute (or it is much easier), just let him execute the last few actions to get the funds out. (B) It may also not be true that your FA is not competent, rather your expectations has increased, and hence you felt "shortchanged". Have you ever wonder why people have done "stupid things" when they are young :D, which includes myself.
  • Asked by Anonymous

    Adam Yam
    Adam Yam
    2 Answers, 4 Upvotes
    Answered 2d ago
    I asked myself this question a year ago but there was no affordable option to my knowledge then. Today I use interactive brokers to purchase overseas ETFs as it's much more affordable than local brokerages. You can DCA into a few overseas ETFs each month using this platform. The cost is so low ($1 per trade?) that you'd probably be paying the minimum $10 a month charge.
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