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I currently have my Citi Maxigain savings account topped up to 100k (because beyond 150k, you don't avail the step-up interest of 2%). Currently that gives me the best interest rates with no hassle of minimum spending etc. For the rest, I use Standard Chartered Bonus Savers account (but am not liking the minimum card spend etc BUT this gives you the bonus with salary creditting), and the rest I have in CIMB for all the rest of it.

AIA plans are not the cheapest plans in the market. However, I do feel that AIA Vitality is the dealbreaker for me. For $8/month, I can earn up to $10 vouchers ($5 + $5) on Grab, Cold Storage or Starbucks. Effectively, that is $32 ($40-$8) earned just by keeping fit. Do check with your trusted financial advisor if signing up for AIA Vitality has premium discounts for your PA or hospitalisation plans. Look through the benefit table if the plans covers your needs as well. Hope this helps!

Instead of investing all your money, you can set aside a fixed sum of money every month to do dca into etfs. By doing this, you will stil have your savings for you to spend in University.

Thanks for the question, there are in fact many who have the same query as you. It really depends on the stock that you intend to buy. Talking about blue chips-wise, after the reduction in minimum purchase size of 1000 shares to 100 shares in 2015, it has significantly reduced the starting capital required. Just head on to SGX.com, whatever prices you see at the Last Done column, multiply it by 100 and that is the minimum amount you're required to foot. However, do take note of the commissions per transaction which can be found here as done up by Seedly https://blog.seedly.sg/the-ultimate-cheatsheet-cheapest-stock-brokerage-in-singapore/ In a nutshell, if you utilise the CDP account a.k.a. Cash Account in brokerage firms, it costs minimum $25 or 0.28% (whichever is higher) per transaction excl. SGX fees. So all in all, if you were to buy and sell a stock, it'd cost a total of $60. Now, if we look at DBS which is trading at $25.29 (as of time of writing), if one were to purchase the minimum amount, which is 100 shares, it'd be $25.29 x 100 = $2529. After addition of the commissions, in order to breakeven, you're required to sell DBS at $2589. Therefore, the share price has to rise approximately 3% before you can bag a profit.

I feel that the nomenclature used here (passive vs active) are overused and misused. The real question and decision you are trying to make is: (A) Buy ETFs (B) Rely on other humans to manage your money (mutual funds, investment linked policies, REITS etc) (C) Do-it-yourself Option A gives you “market” returns, which average around 7-10% annually. Option B requires some amount of thought and selection. Most funds do not outperform the market. Most financial advisors’ incentives are not completely aligned with yours. Option C is what i encourage most people to do (eventually). Sure it takes time and tons of self-education. Maybe you can’t do it in your first ten years of your working life (you don’t have much capital anyway). Take 10 years to learn. I always feel that Personal Finance comprise two different components. The Finance part is easy, with plenty of literature on the topic. The Personal part, because it’s personal, is very difficult, and the option you choose, ultimately depends on your lifestyle, lifestyle needs, preferences etc. If you have a long term goal (e.g. retire at age 65 with $5M in the bank), but you don’t think you will ever earn more than 100k a year, then Option C is likely the only way you can achieve your goal. Better start cracking. If you have a long term goal (e.g. retire at age 65 with $5M in the bank), but you are on track to earn 500k a year, then Option A is easiest. (Actually, any option will probably get you there, if you are not buying ferraris on a regular basis).

Long-term: invest in a great company until its not great

Use the formula to calculate the cost per mile: Cardup service fee / {(1+Cardup service fee) Miles per dollar} Example: At 1.9% service fee. My card earns 1.2mpd. Cost per mile = 0.019/(1.0191.2)= 0.0155 It will cost 1.55 cents to earn a mile (fair value of 1 mile is around 2 cents for me). Hence it is worth it. If Cardup is going to charge me at 2.6%, I will not use it because the CPM will then be at 2.11 cents. You need to determine yourself how much 1 mile is worth for you. I will refer you to this link from milelion. Use my Cardup promo code CHUNCHUANL50 to get $20 off your 1st payment if you are keen to explore!

Hi! Since your current financial plan is based on the Singapore markets, you can leave a majority of your investments in Singapore itself. However, you should take some amount to the place you retire and invest there to have some more liquidity in case you need some funds in the new country. As most transactions are online these days, it should not be too much of a hassle to deal with investments from anywhere in the world. I work at Kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

Boy, you're still young Go for courses that shape your mindset, followed by public relations/communication, then valuable skills such as stock trading/investments and sales/business, if that interests you in the future. Use your multiple gahmen bonuses (don't be stingy) to buy books and online courses that gives you skills that can serve you well after 30s or 40s. Don't rest or be comfy. Be restless and keep learning and applying what you learnt. When you think you are oredi champion, then you're screwed! Invest in your health too. So that when you are rich in the future especially if you follow my advices, you can enjoy the fruits of your labour while you're in the pink of health Dun give excuses or ask too many questions. Seek knowledge thru coaching and mentorships and apply to gain experience. Gain feedback and improve. Rinse and repeat, until cow come home.

You can earn or invest. Assuming investing can wait, you can focus on earning with different part time jobs eg. participate in research studies, work event jobs (like the Coffee Festival) or give tuition. If you really want to start investing perhaps you can work out an agreement with your parents! Personally though, I think saving is much more important when growing up because young people like me really spend too much - peer pressure, indecision, whatever. Here are 3 areas I think you'd do well to focus on! 1. hanging out with friends: when you want to hangout but would be too broke for another cafe, consider dabaoing food to an open area like rooftops/open fields, sleepovers, cycling trips or even hike -- saves alot over time! 2. following (expensive) trends: trends will come and go - though you'd be tempted many times (like, I don't know, Fila Destroyers) but growing up is a great time to explore and figure out your own style and preferences, so others wouldn't decide it for you! You can explore styles by thrifting or clothes swapping with close friends for example. 3. trying to save too much: on the other extreme sometimes we spend lesser on important items - I'd recommend spending more on basics that can stretch for a longer period of time (eg. comfortable shoes, good quality basic clothing).