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COVID-19

Investments

Passive Income

Hi!! am just an undergraduate trying to find ways to earn more income while still having online classes :) any suggestions?
Gordon Lim
Gordon Lim
Level 5. Genius
Answered 9h ago
Hi. I just answered a similar question recently. I hope you find it useful! http://seedly.sg/questions/20-000-savings-at-the-age-of-20-am-i-on-track-currently-studying-university-no-income-any-ways-to-earn-more-money-while-staying-at-home?aid=49972&utmsource=app&utmsource=answershare&utmmedium=internal
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Fresh Graduates

Career

Lifestyle

Education

COVID-19

What type of degree I should go for in University?
Rachelle
Rachelle, Digital Marketing Associate at Seedly
Level 3. Wonderkid
Updated 1d ago
Hmm... I agree that cyber and tech is definitely the trend, and it should serve you well in the future. If you enjoy it, or think that you might have the potential for it, go for it! That would be the best of both worlds! But just my two cents as someone who is unfortunately hopeless with numbers. For me, I ruled out things that I knew I couldn’t do such as STEM courses (which are highly valued and sought after). So I was only looking at Humanities and Social Sciences, and in the end chose the latter because it seemed more applicable to me. But of course, reality check, skill sets like coding and programming are definitely a good to know / understand, I’ve seen so many job advertisements where companies are looking to hire people with these skill sets. In the end, your degree doesn’t necessarily determine your first job (unless it’s something super technical). It’d be great if you could choose something you enjoy! And perhaps for practicality’s sake consider a double major or a minor, if you decide you want another valuable skill set. All the best! 👍🏼
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Savings

Fresh Graduates

Payments

Savings Accounts

COVID-19

How much do you spend a month? Incl. expenses, insurance, leisure, debt, etc.?
Here is a guide that you may find useful: Understanding Your Personal Cash Flow Generally, Total Expenditure = 50% to 60% of monthly income Insurance = 10% to 20% of monthly income Savings & Investment = 20% to 30% of monthly income How much insurance coverage should You have? Basic Life Cover = 10 times your annual income Critical Illness Coverage = 5 times your annual income I share quality content on estate planning and financial planning here.
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Investments

COVID-19

Savings Accounts

STI ETF

S&P 500 Index

Online Brokerages

Endowment Policies

If you have spare cash available, what would you do during this pandemic?
Kevin
Kevin
Level 4. Prodigy
Answered 2d ago
I would streamline all my funds into an AAA rated company such as Microsoft for long term investment given how much it dropped during the pandemic.
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COVID-19

Investments

Commodities

During global pandemics & wars, many would say that precious metals value increase during those times. If you think the end of the word is near, would you invest in Gold/Silver?
Kevin
Kevin
Level 4. Prodigy
Answered 2d ago
I for one would not be thinking about investing at such times.
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Lifestyle

FIRE Movement

Savings

COVID-19

Career

What do you think about "micro-business", e.g. selling of Wou Wou/Ellure masks/detox drinks and other products on Instagram/FB? Do you think it is a good form of side income?
Justin Lim
Justin Lim
Level 2. Rookie
Answered 2w ago
On the other side of business models are the ethics of such claims. As a health care worker who majored in dietetics, I can only say those claims to detoxing drinks are pretty "fake" so I wouldn't recommend them as a viable business as they capitalise on buyer's lack of knowledge to sell those products. Big no no for me! Masks I'm not sure tho.
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PolicyPal

Investments

Savings Accounts

Fresh Graduates

Endowment Policies

Interest Rates

COVID-19

I have read that interest rate are going down.. I might be a little late but what is the best way or financial product to protect myself against the fall in interest rate?
It will be good to start considering endowment plans. While you can consider investment, you have to take into account the risk that you are willing to incur. For someone who is less risk-oriented or just starting to understand about financial products, it might be wise to start with endowment plans while you learn about different investment/financial products. Do check out this article on why endowment plans are a good alternative to bank saving accounts during this period of low-interest rate.
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Savings Accounts

COVID-19

Savings

I've been laid off but luckily the severance package is generous. I'd like to keep the money in a liquid account as I expect to be without income for 6-12 months. What's the best account that pays %?
Brandon Lim
Brandon Lim
Level 5. Genius
Answered 3d ago
U can consider money markets funds or bank accounts like Singlife that pays high interest rates
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COVID-19

Entrepreneurship

Career

Any tips for boosting business to my cafe?
N
Nathaniel
Level 5. Genius
Answered 3w ago
1. Leverage social media Unlike other B2C businesses, you don't really have to buy paid ads to market your cafe. The power of marketing for cafes lies in social media. Ensure you have a regularly update social media presence. Invest time into connecting with your customers over your social media channels - responding to queries, providing regular updates, etc. 2. Make sure your food is instagram-worthy Because so much of your marketing will come from visual social media channels (e.g. instagram), ensuring that your food is presented beautifully will make a siginificant difference to your marketing reach. 3. Consider renovating your cafe This is an option to consider if you have spare funds that you're willing to invest. Just like with food presentation, aesthetically pleasing cafes go a long way to attracting clients - think of establishments like P.S. Cafe and their instagram-worthy interiors. 4. Offer delivery Dine-in customers, as you would know by now, have significantly dropped. Offering your food via delivery will be an important stream of revenue for lots of F&B businesses. 5. Implement a loyalty program Reward your customers for dining with you, or ordering food from you via delivery services. The F&B sector is hugely competitive, so every dollar saved helps bring you repeat business. Returning customers will be the lifeblood of your business. Protect your investment with F&B insurance / cafe insurance You've invested a large amount of money into your cafe. Make sure you protect your investment with cafe insurance . Provide's online platform helps you save up to 25% on your premiums .
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Investments

COVID-19

Savings

Undergraduate

What would you do with 40K of savings set aside for investment in this market condition?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered 4d ago
I would recommend not to think of 'market conditions', generally, when You aim for successful investing. Successful investing for retail investors means to average out, stay put (longterm Buy & Hold),trading cheap, diversifiying, adding more regularly and to avoid all the very bad things mentioned here: https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy
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