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Stocks Discussion

Investments

YewFong Chua
YewFong Chua
Level 2. Rookie
Answered 3h ago
Understand that you need a bank account that is linked to SAXO platform, so the dividend will go back to your bank account.

Shopping

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 8. Wizard
Updated 17h ago
Hey there friend! I felt the exact same way as well before I tried it around 3 years back haha. When things are too good to be true, it probably is. However, the whole digital internet economy has changed abit of that. And in the case of ShopBack, it's in the idea of affliate marketing. Sounds like a complicated term to understand, but to explain it in simple english: - John wants to buy a Macbook from Apple - The Macbook costs $2,000 - However, if he goes through ShopBack (online portal) and clicks through - John will still pay $2,000 Behind the scenes: - Apple will pay ShopBack 5% = $100 as a " marketing referral fee " - ShopBack will rebate 2% = back to John as "cashback" = $40 - ShopBack earns the balance of 3% = $60 as revenue Hope that answers your question and yes, Apple still makes a good amount of money after netting off that referral fees that they paid ShopBack because of the high margins of the products. That's pretty much it! And I would say the only draw back is having to remember to click through the online portal and some people are simply very lazy to do that. But personally I have saved $800 in cashback, yes in pure, hard, cold cash. And Seedly, being part of the ShopBack family, we see a HUGE and INCREASING trend of online shoppers using ShopBack to get savings off on a daily basis via LAZADA, Shopee, ZALORA, and online groceries like Fairprice Online, Cold Storage online etc. Super interesting indeed.

Lifestyle

Shopping

Travel

I bid once for an upgrade at the lowest end of the scale just for the fun of it and got upgraded. I won't say it's exactly worth my money (BKK to SG is not very far) but I did get luggage allowance, priority boarding and a hot meal, plus the seat was akin to premium economy on most full service carriers, so I hope that gives you an idea of what to expect. I would say you can just vote at the lowest end of the scale, and hopefully you'll get it. The airline is probably trying to monetize vacant seats as it doesn't see a possibility of selling it prior to departure, so any money gained from the upgrade will be their bottom line.

Investments

Funding Societies

P2P Lending

Kenny Tan
Kenny Tan
Level 2. Rookie
Answered 1w ago
What i am very sure is that funding societies is not 0% default rate. I have invested over 150 campaigns with them. currently I have 7 loans defaulted, and no regular update from funding societies on how they are recovering the funds. FYI, my portfolio is in red.

SeedlyTV EP07

Investments

P2P Lending

It is not impossible. The European P2Ps are doing it recently. It could be one option the p2p funding in singapore could move into provided they have sufficient spread of loan Still, picking individual loans has their own merits too

SeedlyTV EP07

P2P Lending

Investments

There will always be risks involved, and higher so for P2P lending. Always go in with your eyes open, diversify instead of putting your eggs into just a few baskets, and expect some negative surprises in a small percentage of the P2P deals.

Investments

P2P Lending

Funding Societies

Alex Chua Cheng En
Alex Chua Cheng En, Pcme at Anderson Junior College
Level 3. Wonderkid
Answered 17h ago
Hi. 1.Set up your auto invest function. There are guide in funding societies help Centre. This will guarantee your allocation of your desired loans. 2.learn to read fact sheet. There are guide in their blog or forums. Crowdfundtalks.com 3. Remember to divest. You can just invest on every loans and /or borrower but spread it equally. E. G $20 loans each with your $1000deposit

SeedlyTV EP07

P2P Lending

I can only simply say, use other platform. I would recommend you to look into other p2p platform. There are platforms which has a low investment amount. Funding societies and moolah sense need you to deposit a minimum deposit of $500. Each loan is $20 which can spread your risk to 25 loans. This is sufficient to cover 2 defaults worth of $20 Minterest needs a minimum deposit of $1000. Each loans are at least $50-100 if I call correctly. Need referral for funding societies or advice. Feel free to fb msg or comment

SeedlyTV EP07

Funding Societies

P2P Lending

Alex Chua Cheng En
Alex Chua Cheng En, Pcme at Anderson Junior College
Level 3. Wonderkid
Answered 17h ago
Here are some of my thoughts : 1.your minimum sum invested is too small. You can set a higher amount. Or you can try your luck when the loans are listed to put in more. 2 recently, most loans listed are small with maximum of $20-50. Remember you are not the only investors. 3. There is simply too little supply of loans requested by borrowers. You can help recommend your business partners if they need debt financing. So more supply of loans is issued 4. There is a consolidation of loans in views of unfortunate spike in defaults in Q2 2019 faced by p2p and banks 5. There may be a lot of rejection towards borrowers by the platform itself because some borrowers simply have poor cash management. I would like to thank funding societies for the due diligence. Dear borrowers, please help yourself first (understand your business and financial health) before seeking help from others. P. S I am shock to see that u have invested 23k into funding societies alone. Such a large sum. How I wish I have such an amount. I can do a lot of things with it. Lol Advice :maybe it is time to divest and spread your risk. Look into other platforms not just locally but also globally. You could fb msg me for advice or you can go to crowdfundtalks.com to seek advice

SeedlyTV EP07

P2P Lending

May I ask how much is enough information to you? What other information you would like to have? Remember that borrower has their privacy concerns too and the platform would need to strike a balance. Honestly, I personally feel that the fact sheet is sufficient enough to deduce payment behaviour and ability of the borrower. You could always opt out the loans if it is not within your risk appetite. Do note that most loans are catered towards SMEs with short business history. P. S I myself also would like to have more information
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