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Investments

Stocks Discussion

SGX

Hi SH If you are unsure about which stocks to buy, I've this video on buying OCBC shares vs STI ETF vs Singapore Fund. It will quickly help you understand reason of buying with a diversified approach. Watch: https://youtu.be/4AjcMnd5344 ! As to when to buy? Start today. Plain and simple. It's something I've done myself, suggested to family and to any private clients. There is little benefit to procrastinate. What matters to you most is to be able to invest and not look at it for 5years. It is very likely (when you look back then) a great decision. Hope it helps, if in doubt seek advice from a qualified adviser or drop me an email at [email protected] PS: Follow us also on Telegram too
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SAXO Capital Markets

SAXO Markets

Investments

S
slowisfast
Level 3. Wonderkid
Answered 17m ago
I got a email from them for source of funds verification after 2-3 working days.
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Investments

Kristal.AI

TransferWise

YouTrip

S
slowisfast
Level 3. Wonderkid
Answered 18m ago
Yes See https://blog.moneysmart.sg/budgeting/multi-currency-accounts-youtrip-transferwise-revolut-instarem/
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Endowus

Investments

Stocks Discussion

S
slowisfast
Level 3. Wonderkid
Answered 20m ago
If it is hedged then there is no risk. But hedging comes with costs. Research shows if you invest over the long term regularly at time intervals for stocks, its better to go unhedged.
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Stocks Discussion

Investments

S&P 500 Index

Market Correction

S
slowisfast
Level 3. Wonderkid
Answered 24m ago
I believe its quarter end and the balanced funds are just rebalancing their portfolios. Also the spx is hitting previous resistance which is now a support, so there will be consolidation. For me I think its short term and the markets are headed much further down. Just my opinion.
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Stocks Discussion

Investments

S
slowisfast
Level 3. Wonderkid
Answered 26m ago
You will still be charged I believe. The fund is an accumulation of the underlying stocks which do pay dividends. Accumulative funds just help you to reinvest the dividend payout but there is still a dividend payout from which you will be taxed.
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Investments

Online Brokerages

Kristal.AI

TransferWise

S
slowisfast
Level 3. Wonderkid
Answered 28m ago
Bps stands for basis points. Mostly equal to 1% of exchange rate. Transferwise claims to give spot rates. I am not an expert but i will think transferwise will be cheaper.
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Savings Accounts

Savings

Investments

Standard Chartered JumpStart Account

Alvin Teo
Alvin Teo
Level 6. Master
Answered 1h ago
Emergency funds first and foremost requires the money to be accessible anytime and can withdraw anytime without any consequences and quickly. As such, a savings bank accounts fits this rather than low risk investments. Not only SSB takes slightly longer to withdraw than regular bank accounts, it’s returns if subscribed now is much lower than accounts like multiplier or jumpstart account or Uob one.
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FIRE Movement

Investments

Alvin Teo
Alvin Teo
Level 6. Master
Answered 1h ago
It means that person on some level is very good at managing money so he was awarded with ability to retire early and not be financially dependent (on a job for wages). Their money work for them. They don’t need to work for money.
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Investments

ETF

COVID-19

S
slowisfast
Level 3. Wonderkid
Answered 1h ago
Yes. You might need to take a short online course too if you have not traded stocks before.
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