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A roof above your head or more?

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Hwee Kian
Hwee Kian
Level 6. Master
Answered 1d ago
Hi, I did a video with Moneysmart and Michelle Chong on this topic. So I hope the link below helps! https://blog.moneysmart.sg/home-loans/home-loan-mortgage-hdb-resale-tips/

Property

HDB BTO

Family

SG Budget Babe

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Updated 3w ago
Hello! I went through this debate as well with my fianceé. In the end we just kept going for a 4 room flat, and we tried 7 times for BTO before we finally got ours in Ubi Grove, thank goodness. I feel you have to consider these: - In the 5 years MOP (minmum occupancy period), do you plan to have a kid? Because a 3 room would not be enough to have a kid's room and have your parents to come over to stay on some days - The prices of 4 room flat usually appreciate the most compared to a 3 room flat, for resale if you do plan to sell your flat sometime again in the future past the 5 year MOP - How urgently do you need your flat, maybe if you need it more urgently then the odds may be better in your favour if you go with the 3 room flat now! (It's also cheaper also) :) All the best in your selection, i'm guessing you are going for the current BTO one? Either Tengah or AMK!

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SG Budget Babe

Lawrence Yip
Lawrence Yip
Level 3. Wonderkid
Answered on 05 Sep 2018
Hi, before planning to do a Will, need to understand more on your family structure and what are the concerns you and your parents have. At my side, we have a monthly complimentary seminars on Will Writing presented by Lawyer and it is advisable to attend to find out more if really keen to draft a Will, thank you.

Property

SG Budget Babe

Dawn Fiona
Dawn Fiona
Level 6. Master
Answered on 14 Aug 2018
- Location (needs to be near our parents and accessible to MRT cos I take public transport mostly) - Number of rooms (to house everyone we're living with) - Price - Number of years left (if resale) I consider future value but not too much because no one can predict the future. As long as I get a good deal now, then it should still be a good deal and profitable hopefully in the future :) honestly, when it comes to housing, my husband is the expert so I defer to him for that! but we will discuss together :)

Property

SG Budget Babe

Hi GuanYuan, Housing in Singapore is relatively pricey, so you need to consider a few things: - HDB are well within reach, but if you don't plan to have children, you might just need a 3 room instead of a 4 or 5 - If you can pay off a house quickly, that will allow you to focus on achieving other financial goals, such as retirement I would recommend not spending more than 30% of your income (gross) on mortgage, so that works out to be $3.6K/mth (CPF/cash).Of course, the lesser the better, and if you can pay off your housing debt fast, it is also better. If you are paying with OA monies, take note that OA contributions drop over time with increasing age, so you might suddenly find yourself paying more cash in future.

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Hi Jasper, Incidentally, I just answered a question that's somewhat similar. I'll link you to my answer. https://seedly.sg/questions/i-am-a-25-yo-and-have-90k-in-a-dbs-multiplier-account-i-have-no-financial-investment-knowledge-and-was-wondering-what-would-be-good-for-me-to-invest-my-savings-in

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Fresh Graduates

Ultimate Hacks: Adulting

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Fixed Deposits

REITs

ETF

STI ETF

StashAway

Stocks Discussion

Hi anon, First thing would be to beef up your savings a little. Although you will only start graduate and start work in 3 years, it would be prudent to have a small emergency fund of at least 6 months expenses. Also, ensure you have at least a hospitalization policy in place, in the event of any unforeseen health issues. You may consider critical illness coverage after you start work unless you wish to get one now due to lower premiums at your age. If you have a medium to high-risk profile, then I would recommend that you can consider going 60%-75% into equities, equity funds, or ETFs, depending on the sector and risks that you prefer. This assumes that you do not have any defined timeframe with which that you need the money. The remaining allocation can be placed in fixed income or kept as a warchest for further opportunities. Property as an investment can be done as well, but capital outlay will be bigger and I do not think $50000 is quite enough to split between all the asset classes I have mentioned. However, with due consideration to the big picture, also remember to balance your risk, as well as how you will continue to add on to your investments in time to come. Some question which I will pose to you to think about include: - What do I want my money to do for me? - What is the level of risk that I will want at different stages of my life? - Will the asset class I choose give me the return I want, and with what risk? It will be advisable for you to understand all the options on the table before selecting the one(s) that you are comfortable with. If you have more specific questions, you can reply to this post and I'll weigh in with my own thoughts.

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Stocks Discussion

SG Budget Babe

MileLion

Well, I think I did pretty okay. - Continued my DCA into my UTs regardless of market conditions - Firmed up my strategy for partial retirement at 55, with streams of income coming in at 55, 60, 65, 70. - Continued to build my stock portfolio by buying into one of the blue chips at a decent price - Continued to build my CPF (I'm self employed and it won't happen automatically unless I do it) - Continue to grow my warchest monthly - Read a book a month that is at least somewhat related to financial matters or my industry in general - Restrain myself somewhat successfully from spending on stuff like 'high end' bubble tea (like KOI, for example) Having said that, it comes down to discipline and habit which I cultivated over 10 years. The bubble tea bit was a little bit hard for me, since the amount was small and the insane weather we have made a $3 bubble tea look a little more appealing that the $1.80 chilled Dasani.

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Stocks Discussion

Investments

I'll take it that market means the market in general, not specifically stocks. If you are buying into something over price (and massively), why not take some profit off the table and re-invest into something that's not overprice, or not correlated to the particular asset class that you're currently invested in? You can trade around a core position, leaving a bulk of your investments intact, selling off, say, 20% to take profit, and look for somewhere else to deploy it into. You'll enjoy passive income from your slightly reduced holdings still, while freeing up cash to be deployed elsewhere, or back in the same asset class if the prices correct a little. And if you were wrong and the asset class continues to appreciate, you're still invested. Money goes where is it best treated.

Singapore Saving Bonds (SSB)

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Property

Investments

1 lot is 100 shares usually in Singapore context. 1 lot or 10 lot is up to you and have to see the share price of the REITs that you are interested in as well. Just make sure you done your research before buying and comfortable with stock volatility.
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