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In the News
  • Asked by Anonymous

    Lok Yang Teng
    Lok Yang Teng
    Level 6. Master
    Answered on 08 Mar 2019
    In a sense, yes. US growth rate for was 2.9% in 2018, just shy of Trump’s goal of 3.0%. There was strong consumer and business spending despite multiple headwinds. However the fiscal stimulus is thought to have peaked and the effects will not continue onwards to first quarter 2019.
  • Asked by Anonymous

    Yeo Enk Loui
    Yeo Enk Loui
    Top Contributor

    Top Contributor (Apr)

    Level 6. Master
    Answered on 07 Mar 2019
    Hi there, Just to add on to Leonard's point, I feel that as someone who is new to investing, it is not advisable to spend on subscriptions to these sources - primarily because there is so many fundamentals about investing that one needs to learn before actually learning what stocks to buy (based on these subscriptions' recommendations). Moreover, there are a multitude of free articles (not everything) online like SeekingAlpha, MarketWatch, Zacks that you can exploit instead of commiting to paying for one. Other ways in which you can supplement your knowledge would be to read news sources such as MorningStar, CNBC and even listen to Bloomberg Radio.
  • Asked by Anonymous

    Lok Yang Teng
    Lok Yang Teng
    Level 6. Master
    Answered on 22 Nov 2018
    Stock market is a representative of a nation's economy. However that being said, stock market is prone to human emotions. US-China trade war, huge losses from FAANG in the US, just to name a few have weakened investor's confidence and hence the drop recently. If you were to look at an overall trend, STI is growing with the SG's economy.
  • Asked by Anonymous

    Loo Cheng Chuan
    Loo Cheng Chuan, Founder at 1M65 Movement
    Level 6. Master
    Answered on 07 Nov 2018
    I can say for sure that financial crisis always come and goe and that is part of life. In my near 50 years of living, I have encountered so many financial crises (big and small ones) and have accepted it as a part of life. One should assume that a financial crisis will hit one day. Build up a war-chest of funds that you can use to purchase cheap assets during a financial downturn so that you can enjoy the capital gains as the economy recovers.
  • Asked by Leong Wen Fong

    Yixiong Chang
    Yixiong Chang
    Level 5. Genius
    Answered on 07 Nov 2018
    Yes, preventive care, is like insurance, spends some money upfront, but could possibly save a huge bill from happening and unnecessary pain and suffering. One of it I advocate is doing colonoscopy & gastroscopy. Colon cancer is one of the only cancer that can be prevented (to a large extend). Colon cancer being the number 1 killer for man and number 2 for women, it is a real issue. A preventive screening can be easily carried out. If anyone would like to know about/how endoscopy procedure, do contact me. Typically, if you have a full coverage hospitalisation insurance, the cost of the procedure could be covered. === Quote from MOH website: The majority of colorectal cancers arise from adenomatous polyps. Malignant transformation of adenomatous polyps (adenoma-carcinoma sequence) takes 5 to 10 years via multiple gene mutations. Adenomatous polyps are relatively asymptomatic. They are present in up to 25% of individuals at age 50 and the prevalence increases with age. Most polyps (90%) can be removed at colonoscopy, thereby precluding the need for surgery. Thus, colorectal cancer has a detectable premalignant phase (adenoma) and a relatively long duration of malignant transformation. Mortality from colorectal cancer can be reduced by screening asymptomatic individuals for the presence of adenomas and early cancers. Adenomatous polyps are largely asymptomatic. The process of malignant transformation takes a relatively long time. Screening for colorectal cancer: - prevents cancer by removing polyps at colonoscopy - detects early cancers with a good chance of a cure
  • Asked by Anonymous

    Rave Ong Ci De
    Rave Ong Ci De
    Level 5. Genius
    Answered on 06 Nov 2018
    Disagree. How much one is paid depends on how much value one contributes to the company. Gender has nothing to do with it. Also, certain jobs are gender bias, e.g. 4D is run/sold by aunties, lingerie used to be women only, sewage clearing dominated by males, etc etc. If it is true, wouldn’t those poor who needs govt aid be all females? Wouldn’t companies only hire females to minimise cost?
  • Asked by Leong Wen Fong

    Elsa Goh
    Elsa Goh
    Level 5. Genius
    Answered on 05 Nov 2018
    Vet costs. One trip to the vet will easily cost you $100. And if your pet breaks a bone or gets very sick set aside $1000, minimum. Likely will be more for broken bones.
  • Asked by Leong Wen Fong

    Luke Ho
    Luke Ho, Money Maverick at Money Maverick
    Level 6. Master
    Answered on 03 Nov 2018
    I work both in the insurance line and running my own side business (being my own boss) so hopefully my experience will be relevant to you. A business should never accomodate a client further than the standard set out. If you're the business owner, set the standard for your employees and make sure they stick to it. It'll hurt your business in the long run if you don't value your time. I saw the article and am very much on the side of the business owner. The agent girl should understand of all people, being a self employed - time is money. If a client goes too far, you should typically absorb the loss (the idea you'll lose the client) as spending too much time and resources usually leads to much larger losses. I rarely make allowances unless the clients are of higher net worth or close to me, and even then it tends to cost me both emotionally and financially.
  • Asked by Leong Wen Fong

    Jason Sin
    Jason Sin
    Level 5. Genius
    Answered on 01 Nov 2018
    No, Grab should not be banned to prevent monopoly where consumers will be at the losing end. In fact, there should be more companies joining this industry.
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