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COVID-19

Stay updated with the latest discussions on the coronavirus!

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Share your experiences and knowledge with regards to COVID-19

The World Health Organisation (WHO) just declared a global pandemic. Many are unsure of the facts and repercussions brought about by Covid-19, as well as what they can or should be doing.

Share your experiences and knowledge below with regards to:

  • News- both local and global
  • Insurance
  • Travel- Flights, Hotels
  • Investments- Stocks, ETFs, REITs, Blue Chips etc.

Let's help one another!

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Lifestyle

Family

COVID-19

What is one thing you would spend your bonus income on?
As I am self employed, I don't get bonuses, but if income is better on some months, I would like to indulge in a shopping spree for undervalued stocks of good companies. There are plenty of stocks that are on my watchlist, but only so much capital to go around. If nothing is undervalued, I'll probably increase my Unit Trust DCA amount for a year or two, and keep the rest in a warchest.
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COVID-19

Investment Linked Policies (ILP)

AIA

Investments

Stocks Discussion

Fresh Graduates

Ultimate Hacks: Adulting

Ultimate Investing

Personal Finance 101

Financial Planners

Feeling conflicted, lost and uncertain... I'm interested in investing my money atm to have passive income, but i lack the knowledge on investing or how to even start.?
Hi Anon, In this case, you may want to look into platform such as IFAST where a licensed financial services consultant will still be able to help you manage your portfolio entirely. ILP is a wrapper for unit trust. However there are different ILPs out there with different structure, depending on the insurer. More than often, the high charges is a concern as it will erode your returns therefore many people voice it this way. It's very important that your agent know what he's doing to ensure your investment well-being. My advice would be invest in what you are confident with, can be the asset/plan/agent. Hope this helps! If you need more advice on getting started, feel free to consult me at [email protected] All the best!
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COVID-19

Travel

Stocks Discussion

Investments

Singapore Airlines (SIA)

Online Brokerages

Singapore Airlines is cutting 96% of the capacity due to the tightened border controls to stem Covid-19. SIA (SGX: C6L) shares are currently at a low of S$5.40. Is now a good time to buy SIA shares?
Hi Anon, Just like how you should do your research before making any big financial decisions, you shouldn’t buy SIA shares now just because its share price is low. It might be a risky move to buy this blue-chip now. Some factors to consider: - SIA has said that cutting 96% of its capacity is the greatest challenge that the group has faced in its existence . SIA could potentially lose over $140 million April, and could be in a precarious position by end June without financial help from the Government, according to UOB Kay Hian’s K. Ajith - OCBC Credit Research has again lowered its credit rating for Singapore Airlines - DBS Group Research has also downgraded the counter - An operating loss for SIA is expected for the fourth quarter ended March 31, 2020 given the fall in revenue for February and March - The airline industry is also a price-sensitive industry, which doesn’t work well for the long-term for investors Some OCBC credit analysts also foresee that SIA will need to seek external financial funding, either from its banking relationships or possibly from its major shareholders. Take a look at my colleague, Sudhan's article about this topic if you'd like to find out more and dive deeper into it. (It's the link that Brandon shared below)
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FSM One

Online Brokerages

Brokerages

COVID-19

Investments

Stocks Discussion

S&P 500 Index

Hi guys, I'm just wondering if anyone here buys S&P 500 stocks? And if so, which broker would you recommend?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 22h ago
There are many brokers out there but the popular ones are IB, Saxo and Standard Chartered. Heres an article to compare the different brokers! https://blog.seedly.sg/how-to-buy-us-shares-in-singapore-and-open-brokerage-account
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Stocks Discussion

COVID-19

Any good finance channels on YouTube in singapore? I found one (link in description) which is relatable n relevant but idk if it's good?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered 22h ago
Not a finance channel on YouTube but I follow thewokesalaryman and TheSimpleSum on Instagram! The content is relevant as they talk about CPF as well. For YouTube, I follow Stephen Graham, Andrei Jikh and Dave Ramsey though the IRA, pension and tax loss harvesting dont really apply to Singapore's context.
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COVID-19

General

Lifestyle

When June 2 comes and Circuit Breaker ends, are you still working from home or would you have to return to the office? I'm not looking forward to it, wondering if I'm the only one feeling so?
Jia Min
Jia Min
Top Contributor

Top Contributor (Apr)

Level 5. Genius
Answered 1d ago
Hello, I would still be working from home! Pros and cons of working from home, but I feel the pros outweigh the cons for me haha. I'd rather work from home too. Time saved on travelling to the workplace is a game changer!
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REITs

Syfe

COVID-19

I’m on Syfe REITS+ now. Worried that post-COVID, more people WFH and more e-commerce, it may affect the value of S-Reits. What are your thoughts? Should I continue with my S-Reits investment?
CH
CH
Level 6. Master
Updated 1d ago
Personally i do not buy online, because the few times I search for items, it turned out to be more expensive (after factoring in delivery and waiting time). rather go to a physical store where i can verify the quality of the product. I believe some sectors especially retail and office will be affected, but a good reit sponsor and reit manager will evolve. ecommerce or not, you still need warehouses to store goods (industrial retis), you still need restaurants to cook (retail reits), you will need data storage (data centre reits). discount stores and luxury brands will still cater to certain groups. china pre-covid, every say ecomm this ecoom that, but the rich still want to go out buy LV and flaunt to the world. The lower income group still flock to supermarkets on discounted items. maybe there will be more mergers among the reits. who knows? just my opinion.
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COVID-19

Lifestyle

General

What are the best workout programs that you've done and managed to lose weight! All this staying at home and snacking has caused me to put on weight! Any recommendations for the best workouts?
Jia Min
Jia Min
Top Contributor

Top Contributor (Apr)

Level 5. Genius
Answered 1d ago
Hello, I think regardless of workout programs, the key to losing weight is consistency in exercising regularly. And a balanced nutritious diet plays a part too. Many years back, I managed to lose 8kg in a span of a year - I did morning jogs thrice a week without fail, for a few months and reduced my rice intake by half. Recently, I've been exercising to Body Project workout videos on Youtube. Its easy to follow, and some videos do not require any fitness equipment. In short, being dedicated, consistent and patient will help you in losing weight. All the best!
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SeedlyTV S2E06

COVID-19

Freelancers

Career

I don't know how much my market worth is and am usually not confident of selling myself or giving a price, which is dangerous for a freelancer. Any advice on how I can get over this obstacle?
Gavin Tan
Gavin Tan
Level 5. Genius
Answered 1d ago
If you are new, I'd suggest you follow market rates or even go lower than market rates, just to get started and get some customers first ! After you had some clients, you will gain some confidence and you can accurately mark your prices based on your services and provided value. Cheers!
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Investments

COVID-19

ETF

STI ETF

Stocks Discussion

Never invested before, should I start investing now?
Hi Huay Chee, Since you are just starting out, I would suggest you understand your personal finances, of course investment included. I'm assuming you are employed at the same time! Before investing, you need to ensure to have an emergency fund of 6 months and basic insurance essential. This is all for the rainy day or any unforeseen circumstances. Thereafter, you will be able to allocate your resources better with your monthly salary. In my honest opinion, STI ETF is never a good investment to me as its performance has clearly lagged other major index. I would rather go for S&P 500 ETF, QQQ, IWDA and more. There are too many to invest if you ask me, but you should start off by investing in a diversified index/portfolio. It really depends what you are interested in and your objectives cause SG and US investments work differently and also you need to further take a look at platforms that are suitable to your investment style. Hope this helps! Feel free to always consult a licensed financial services consultant or me for more personalised advices. All the best!
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