Seedly PFF 2019 - Seedly
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Seedly PFF 2019

Singapore's largest festival for young working adults to learn about personal finance in an unbiased no-sales manner.

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Investments

PFF Panel 3

Seedly PFF 2019

If you were to compare between, technical Analysis and fundamental analysis. Which do you think is better?
Penny Chong
Penny Chong
Level 5. Genius
Answered 3w ago
I think both are important as they serve different functionalities and a knowledge of both would be crucial. For short-term trading, I would say TA is definitely more important because prices rise and fall due to human expectations about the price. As people are studying the charts too like you, when they see a certain pattern, they are more likely to act and it becomes a self-fulfilling prophecy. If you don't know how to read, you are at an disadvantage. TA tells you the fluctuation patterns and you can profit from it. Meanwhile FA is more like understanding the long-term potential and general trend, which is more important for long-term investing.
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PFF Panel 2

Seedly PFF 2019

Investments

Could anyone tell me how much research is enough for me to start investing? Is there a way to measure?
Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 03 May 2020
Depends on your circle of competence and how deep you are into it. For example, if you work in tech, participate in tech meetups/conferences regularly, rub shoulders with tech people all the time, you probably have some special insights into tech, and you may find it a lot easier to predict the success of tech companies much better than most. Of course, you should still do some basic research into the financials and management of the companies. There are 4 key principles that you should focus on: (1) Buy into companies that you can understand (2) Companies have honest and able management (3) Companies have a competitive advantage that's likely to last for the next 10 years (4) Calculate a sensible and attractive price (which is dependent on your desired ROI for the next 10 years). Point (4) requires some explanation: For example, if you are only looking looking at 10% returns per year and let's say you are buying the stock at $100 today, the stock price will need to reach $259.37 in ten years. Based on (1), (2) and (3), you should be able to work out some reasonable estimate for the stockprice/intrinsic value of the stock. PM me if you need more clarity.
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PFF Panel 1

CPF

Seedly PFF 2019

What is the difference between saving for retirement via a insurance plan compared to placing it in a SA. Which is better?
LG
Lee Gek Lan,Financial Consultant (NTUC Income)
Level 3. Wonderkid
Answered on 26 Apr 2020
Insurance plan offers you protection coverage such as death, disability coverage, coverage depends on the types of savings insurance plan that is purchased, as different insurance plan may come with slightly different protection coverage. the best thing about putting into savings account is it allows more flexibility and liquidity in your money withdrawing. but savings account most of the time does not come with protection coverage. so the key maybi to put some money for your liquidity needs, and to set aside some money for your retirement savings and protection needs with a good insurance product
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PFF Panel 1

Seedly PFF 2019

CPF

CPF SA

Cheng Chuan says we can save $1M in 35+ years for retirement. But now with CPF Life how do you take the money out?
MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020
A retirement summ will be set aside for cpf life. The remaining money you will be able to take it out.
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PFF Panel 1

CPF

Seedly PFF 2019

By 65, you will have 1m. But how much can you actually get out ? CPF will give you the 1M out in how many years? Will you be able to take out that 1M out?
MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020
You will be under the cpf life plan and depending on the scheme you choose, you will get different payout rates.
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PFF Panel 1

Seedly PFF 2019

CPF

Loans

Property

Savings Accounts

If I were to have cash on hand ($30k) and cpf-oa @ 2.5% ($30k) and am taking up a bank loan at 1.5%, would it be advisable for me to clear my housing loan or let the cpf remain in OA or invest in ?
Zuhdy Farhan
Zuhdy Farhan, Consultant at Jna Real Estate Pte Ltd
Level 3. Wonderkid
Answered on 03 Mar 2019
Using your CPF for housing will deplete your cash proceeds from the sale of your flat in future. Because: Sale proceeds = Sale price - outstanding loan - CPF used - CPF accrued interest The more CPF you use, the less cash you receive = more money locked up in CPF. Therefore unless you are sure that you will be staying in this flat for the rest of your life, it is more advisable to not use it for housing wherever possible. Feel free to contact me for more information.
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PFF Panel 1

CPF

Seedly PFF 2019

How did you manage to deposit $130000? Did you do it in one lump sum or over time. If so over how much a span of time and how often do you top up?
MT2020
MT2020
Level 7. Grand Master
Answered on 09 Mar 2020
If you mean investing, i would prefer to invest over a period of time as i do not want to time the market. Also it allows me to buy the dips if there is any.
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Health Insurance

PFF Panel 1

Seedly PFF 2019

Insurance

National Service (NS)

I'm 21, getting out of NS and into university. I currently have a whole life plan and ILP. Should I consider canceling the ILP, switching to term life and getting health insurance? What type of insurance should I get?
Hi Anon, If you're leaning towards cancelling the policy do so after you've gotten in a new coverage. For critical illnesses there is a waiting period for claims. An alternative would be to do a premium holiday on your ILP. At a younger age, insurance charge is very low and can actually provide you some years of coverage with the funds inside. Get your health insurance coverage first and then a term plan. We have done plan comparisons on our website before and I'd leave some for you AXA shield: https://www.theastuteparent.com/2019/01/axa-shield/ AIA shield: https://www.theastuteparent.com/2019/11/aia-healthshield-gold-max-and-riders-revision-starting-11-11/ Raffles shield: https://www.theastuteparent.com/2018/12/raffles-shield-details-and-case-studies-that-you-must-see/ For term plans, there are ways to fit you a best fit too. If you're keen, drop me an email at [email protected] or look for a qualified adviser. PS: Learn how to invest your first $1,000 in this tutorial https://youtu.be/pYBrj8xwR54
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PFF Panel 4

Seedly PFF 2019

If you could redo how you grew your Tree of Prosperity, what would you change and why?
Rais M
Rais M
Level 7. Grand Master
Answered on 06 Mar 2020
Definitely to start saving more and to invest earlier. Can you imagine how much all these could have been compounded over the years?
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PFF Panel 4

Investments

Seedly PFF 2019

How do I begin in investing? I have set up my emergency funds and I’m not sure if it’s more than enough be it the range of 3-6months of my salary?
Dawn Fiona
Dawn Fiona
Level 7. Grand Master
Answered on 04 Mar 2019
"Enough" is subjective, as I mentioned during my talk. You have to decide what makes you comfortable / able to sleep at night. If having 6 months worth of expenses stashed away makes you able to sleep well, then go for that. If you're still worried, then go for a longer period / larger amount. It's up to you! Start reading (free method, but need time and effort) or shortcut your learning journey by attending courses to learn how to invest. My advice is to go only for the courses that are under $2,000, because I'm personally not convinced of the value for those who charge higher than that cos I've seen their notes / have heard from those who paid and regretted it.
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