Coffee Meets Investing

Held on 7 July 2018, Saturday

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Coffee Meets Investing
  • Asked by Anonymous

    Randall Tan
    Randall Tan
    Level 4. Prodigy
    Answered on 13 Jul 2018
    The outcome of investing is to have a better retirement in the future. Think of retirement as a Pyramid - you will need a solid base to work on. My solid base consists of CPF, followed by global index funds (IWDA) and local index funds (STI ETF) - 110 minus your age equals the percentage to be invested in stocks and put the rest in bonds (CPF) - 50-50 split between local and global stocks Why CPF? Contribution to CPF RSTU and MA helps to reduce income tax . https://www.areyouready.sg/YourInfoHub/Pages/News-Voluntary-Contribution-vs.-Retirement-Sum-Topping-Up-Which-suits-you-better.aspx Meeting FRS early means that bulk of your CPF funds during retirement will be from the government. (Rule of 72, compounding interests) Eventually you will meet FRS and MA capped so why not take this chance to reduce your income tax! Why gobal index fund IWDA? - IWDA is an index fund that tracks MSCI World and it is based in London Stocks Exchange. - No tax withholding because of how the fund is reinvested into the fund. https://www.bogleheads.org/forum/viewtopic.php?t=221000 & https://www.ishares.com/lu/individual/en/products/251882/ishares-msci-world-ucits-etf-acc-fund?siteEntryPassthrough=true&locale=enLU&userType=individual Why local index fund STI ETF? - You do not want to expose yourself to too much currency risk
  • Asked by Anonymous

    Chris Chin
    Chris Chin
    Level 4. Prodigy
    Answered on 11 Mar 2019
    Really depends on your position size or investment into that particular underlying stock and your investment target (short term, medium term or long term). Buy below Valuation. Can set a target at 3 years and sell as planned,regardless of profit or loss. Valuation details - please attend the paid class to find out. Otherwise, why would my friends pay to find out when they can get it free from seedly... 😂🤣
  • Asked by Anonymous

    Lok Yang Teng
    Lok Yang Teng
    Level 6. Master
    Answered on 30 Nov 2018
    QDII scheme was created by China to allow domestic investors to invest overseas. So you'll have to be a Chinese national to invest through QDII.
  • Asked by Derek Ang

    Loh Tat Tian
    Loh Tat Tian
    Level 6. Master
    Answered on 24 Nov 2018
    40% stocks. What kind of stocks? The economy is intertwined. There are economic cycle for different phase of development or seasonal cycles (like O&G, shipbuilding, consumer goods etc) which can fall between defensive or growth (and higher risk). REITS are just 1 segment where you are like a landlord. Rising interest rates can be a concern for higher gearing REITS. Also rights issues, etc. REITS also have sectors from hospitality, industrial, commercial, residential. Unit trust and Funds are similar like stocks but doing a basket, and could be region/country specific. You need to read the prospectus and what sectors they are investing in. Too many questions, so sorry if I can't give you an answer.
  • Asked by Anonymous

    Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    Level 6. Master
    Answered on 03 Oct 2018
    Kopi, when I do order. Nowadays just grabbing the caffeine fix in the form of a double latte from the office coffee machine
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    Level 8. Wizard
    Answered on 03 Oct 2018
    This is a very good question and we built the Seedly app with security in mind. Around 2 years back, when we started Seedly, we aimed to create a seamless place to sync and aggregate all your finances in place. Today, we have over 50k users in Singapore. We also graduated from the DBS HOTSPOT program in 2016 and was funded by NUS Enterprise. More importantly, you can find out more about our security policies here: https://seedly.sg/security :) We understand that the banking credentials are of extreme importance and secure, hence we don’t store these and instead it operates on a one-time login, hence everytime u want to sync a new set of transactions, you will need to re-login and sync again. This is a read-only service. We also store your data securely using Asymmetric encryption. This method ensures security of the data you send over the Internet through the Seedly app. Asymmetric encryption algorithms are essential in the securing banking systems, web-applications and protocols. These algorithms allows us to hide sensitive data such that outside sources are unable to visualize or manipulate it. Behind the scenes, we’re working with the banks on the direct APIs but as always it takes time :) we have seen that it has happened in US, Canada, now the EU by end 2018, hence we feel SG could be next very soon for a more seamless experience. Cheers! Feel free to ask us or the community here :)
  • Asked by Anonymous

    Choon Yuan Chan
    Choon Yuan Chan
    Level 4. Prodigy
    Answered on 23 Sep 2018
    As stated by fellow community members, build up your investment knowledge, there are a few financial bloggers who touch on personal fiannce and warn you on the trappings of Singapore society. Some of them include Budget babe and me (yours truly); however if you want in depth and comprehensive table form, you can consider investmentmoats by Kyith. He is very detailed in his write up and puts in mathematical concepts. As self advertisement: Below is my guide for young investors to know of basic finance http://investmoolah.blogspot.com/p/good-financial-knowledge-to-learn.html
  • Asked by Anonymous

    Yong Kah Hwee
    Yong Kah Hwee
    Level 6. Master
    Answered on 21 Sep 2018
    Are you going to stay in your company forever? Will you even think of leaving? Will you ever be asked to leave? Company's life insurance will stop covering you after you leave. I would suggest getting a personal one :)
  • Asked by Anonymous

    Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 17 Sep 2018
    30% for retirement, 30% for housing, 40% for daily expenditure, that's 30% for investment, 30% for savings, 40% for daily expenditure. Just my humble opinion.
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