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Investments

Savings Accounts

CPF IS

Seedly

What to do when you have less than 4 digits in your savings account?
I have spent most of my life with less than 4 digits in my bank. Sometimes less than 4 digits including decimal points. Just gotta keep working and finding ways to add more income to your pocket. Don't take debt and cut down on bullcrap spending. You'll build it slow and steady.
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Investments

ETF

I am currently 19 years old having my Diploma. I have no part-time job or any income. But recently I started investing a little to test the water so, I would know how to invest in the future...?
Teo Xi Hui
Teo Xi Hui
Level 3. Wonderkid
Answered 5h ago
I would recommend ETFs/REITs/dividend-paying investment options to derisk yourself if you do not have much capital to start investing. This may be good options to start. A key point to note will also be the proportion of your investment capital that goes to paying fees - I personally use Stocks.Cafe to track this and ensure my fees never go above 0.50% of my investment capital. Always remember to allocated 6 months of emergency savings first before you dabble into investing! The temptation to go all in can get real - it is important to ground yourself in a certain level of security before you invest. Also, since you are 19, you may explore savings account options with no income required such as the Jumpstart A/C to store your emergency funds in. Good luck!
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Investments

Stocks Discussion

Online Brokerages

Savings Accounts

What happens if a fund such as iShares S&P or the Vanguard S&P closes down? will it be liquidated completely and transferred back to our account? or do we lose the amount invested in that fund?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered 4h ago
Nothing lost, no problem, with 'physically replicated' ETFs, Your property. with 'synthetically replicated' (ETFs) f.ex. Europe domiciled ones there could be default risk, however (SWAPs as an instrument to replicate) with ETN (= exchange traded notes or 'certificates') there truly is a counterparty default risk, so buy physically replicated ETFs only, never synthetically replicated or ETNs
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Investments

Regular Shares Savings Plans (RSS/RSP)

FSMOne Fundsupermart

What happen if i stop FSMone RSP? I plan to invest $2000 in an US ETF per month for 4 months. Total investment amt will be $8K then i will stop RSP. Is that allowed? Or must I consistently put in money every month?
Jit Thong Ling
Jit Thong Ling
Level 3. Wonderkid
Answered 7h ago
You can stop your RSP anytime before 6th of every month. However, I will recommend against putting 2000 every month for 4 months as you wouldn't take advantage of DCA. Especially now that S&P500 is at it's peak, it's better to space our your monthly contributions. Just my 2 cents!
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Savings

National Service (NS)

Savings Accounts

Investments

How much can you save during NS? Any NSFs care to share your tips and tricks and how much have you saved up since?
Jit Thong Ling
Jit Thong Ling
Level 3. Wonderkid
Updated 7h ago
I'm a 3SG in an Infantry battalion. So my take-home allowance is $1121.80 (-$3.20 for chevron membership...) I've been in service for 16 months (6 more months to ORD!) and have amassed a savings of $11k. Now let's go onto the tips and tricks. 1) I'm a stay-in personnel. (free meals + no transport fees, if you are stay-out consider the concession for NSF) 2) I only order-in once a week and I order with my friends. (save on delivery fees) 3) I wash my clothes in camp using a washing machine. (save utility bills) 4) On bookout days, I take public transportation back home or grab back if I leave camp after 9pm. (claimable! Just contact your S1 welfare clerk) 5) I make use of my 'status' as a NSF to get discounts and benefits when I'm buying snacks or food outside. 6) I hold off purchasing new clothes and shoes cause let's be real, you aren't wearing it that often as a NSF. 7) I invest $400 USD monthly into a S&P 500 RSP on FSMONE and it has given me a 8.54% return. So I make my allowance work for me. 8) I also do YouTube on the weekends. (Channel: abettermanth, heh sorry for the shameless advertising) 9) Get your IPPT Gold and Marksman ($300 + $200 in cash) 10) Make use of the dental centre if your camp has one for free dental services. Remove your wisdom tooth during your NS time to save on the operation costs! That's all for me. Stay strong brother!
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Stocks Discussion

Investments

SG Budget Babe

Family

You have a full time job and a family. How do you squeeze out time for yourself to learn investing?
Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Answered on 08 Dec 2019
Everyone has different priorities in different stage in life, and that's totally understandable. For me, as simple as it might sound, we always have a choice in what we want to do. It's all about "allocating" the priorities. To answer your question, I choose to read updates from my investing community rather than general market news (for eg). It's about choosing which "makes more sense" to you. It's never easy, and sacrifices have to be made sometimes, but at the end of the day, we all made the best choice we see fit at any point in time :)
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Investments

Lifestyle

FIRE Movement

What's the quickest way to turn a capital of $1,000 to $10,000 (legitimate ways only so no betting or lottery)?
Kevin Seah
Kevin Seah
Level 3. Wonderkid
Answered 7h ago
You can try out day-trading. But it comes with a cost - your time. Not only you have to spend time in the day to constantly monitor the market, you also have to take time to polish up your skills in analysing the market. For me, I believe there is no shortcut to growing your wealth. I believe the best way is to invest your money in capable and sustainable companies that will grow and pay you dividends in the long-term. In the end, I believe your $1000 can outgrow your $10,000 target if you have patience. Cheers!
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Investments

Online Brokerages

Hi! I’m new to investing and would like to invest $100 a month. I have a low income but would like to grow my wealth. Any tips on which platform is better for someone like me?
Tan Yu Ji
Tan Yu Ji
Level 3. Wonderkid
Answered 17h ago
For someone who has only $100 a month, i recommend investing in a regular savings plan. RSP is suitable for three groups of people: 1) You do not have time to monitor and keep up to date with the markets. 2) You do not have much experience investing in the market yet. 3) You have a small capital to begin with. The good thing about RSP is that the charges are really low, so it is more cost efficient. Once you are comfortable with investing and wish to generate better returns, you can then start considering the option of buying and managing individual stocks. With as little as $100 per month, you can start investing regularly and gain exposure to a variety of different stocks. RSP adopts the idea of dollar-cost averaging, where you invest a fixed amount of money monthly - you automatically buy more units when prices are low and fewer units when prices are high. This helps to average out the market’s peaks and troughs and ensure that you do not attempt to time the market. Statistics show that even 90% of fund managers underperform their benchmarks from time to time, so timing the market is something we advise against. Studies have also shown that investment performance of fund managers is mostly likely luck rather than skill. Good past performance does not indicate a good future performance! You can check out stashaway for robo advisors or FSMone to invest in S&P500 RSP Use my referal for stashaway! Have you started investing with StashAway yet? Sign up with my link and we'll both get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/yujit373 Also do check out our insta @themoneybakers for a step by step investment guide!!
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Investments

Stocks Discussion

Seeing that the S&P 500 is near record highs does it make sense to tune down the risk levels if you are using roboadvisers at this moment?
Unless you are expecting the price to come down, if not why would you want to tune down? In this case, like what Aaron has mentioned, what's the point of investing in growth ETF if you are envisioning a ceiling? It's like capping your business profit because you feel like you earn too much. Don't try to time cause you will be losing out on opportunity if the S&P 500 did nothing but to continue rise for the next year. We invest based on your risk tolerance, time horizon, and objectives. If none of those factors has changed, always stick to your risk profile. When such circumstances happen, you can apply strategy like DCA instead of changing your whole investment principles and fundamentals.
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Investments

ETF

Online Brokerages

Interactive Brokers

How does US Estate-Tax work with IBKR (or any US Brokers)?
Fixed Matches
Fixed Matches
Level 2. Rookie
Answered 9h ago
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