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ValueChampion

Insurance

Savings

Singlife Account

Singtel

What are your thoughts on the new insurance savings plan by Singtel Dash and Etiqa?
Lok Yang Teng
Lok Yang Teng
Top Contributor

Top Contributor (Jun)

Level 9. God of Wisdom
Answered 1w ago
You can take a look at this article: https://blog.seedly.sg/etiqa-singtel-dash-easyearn/?fbclid=IwAR22QYEebo99L7GTzhxQcKHdi9ZEizUepHHjJxA9Yfss6XV4DiFv8rHH2MI
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PolicyPal

ValueChampion

Investments

Insurance

Whole Life Insurance

Term Life Insurance

I am in my mid 40s. I have life insurance 60k, term insurance 100k and Enhanced medishield. I have 800 to spare each month. Should I invest or buy more policies?
Hi anon, Rather than look at it as your coverage for term and life insurance, I would instead look at it as such: - Death/TPD coverage: Do I need it? If I don't have dependents or liabilities, then probably not. If I do, how much cover will I need? How much more do I need to cover the gap? Rules of thumb usually peg the amount of cover at 10 times annual income, or the amount needed to cancel your liabilities and provide for your dependents, whichever is higher. - Critical Illness: I'll need this. How much do I have now? Is it enough, keeping in mind the rules of thumb for the amount of coverage. If not, how much more do I need to ensure a peace of mind in the event I am critically ill? Rules of thumb usually require 5 years of expenses at a miinimum with a additional sum for out of pocket costs. - Medishield Life: Do I have at least an integrated shield plan and a rider? Regardless of whether it allows me to go to private hospitals or only restructured ones, this insurance is important - Long Term Care: If you are a Singaporean Citizen or PR, then you should have Eldershield. But the coverage is not a lot. You could use your Medisave to get supplementary coverage. Take a look at your policies and see which policy covers what. Just because one has a 100K term insurance, doesn't mean it will cover CI. It could only be death/TPD cover (which might be the case). If it has a rider provide accelerated CI cover, then I can consider that you have CI cover of $100K on the term plan. Similarly, a life insurance plan may not cover CI, depending on the policy. You need to understand what is covered, but if you have difficulty figuring out, you might need to speak to an advisor. With the rules of thumb, and knowing what each policy covers (and doesn't cover), you will then be able to gauge your shortfall and decide if you need to insure yourself better, or you can move forward to invest for your retirement. Lastly, an advisor who can distribute multiple company's products would be mostly from an IFA, such as myself.
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Stocks Discussion

Investments

ValueChampion

Bull Market

Online Brokerages

Why is no one bullish on SEA Ltd, the parent company of Garena and Shopee? The stock has been on the rise the past 3 months. Any thoughts?
Aik Kai
Aik Kai
Level 7. Grand Master
Answered 2w ago
SEA Ltd is listed in US, which means dividends are subjected to 30% tax. Not very nice ah. besides, buying overseas stocks also a bit troublesome so... In any case, I don't think no one noticed it. It is just that the focus around here centre on SG stocks over other countries' stocks so no one is talking about it much.
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Investments

Trading

SAXO Markets

ValueChampion

Multi Currency Cards

Does Saxo SG have an inactivity fee? I saw this on international websites but not the SG one. Also, does it charge extra fees for corporate actions like stock splits, reverse stock splits?
Anson Chew
Anson Chew
Level 4. Prodigy
Answered 2w ago
Hi there, There was a period I didn’t execute any trades for at least 6 months. Saxo only impose a custody fee for my holdings. They did not impose any inactivity fees for my account. I have checked with Saxo support as well. To make sure, you can email their support. Hope that helps.
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Stocks Discussion

Robo-Advisors

ValueChampion

Investments

Online Brokerages

How can I improve my current investments?
Lok Yang Teng
Lok Yang Teng
Top Contributor

Top Contributor (Jun)

Level 9. God of Wisdom
Updated 4w ago
Personally, I think crypto should be a smaller portion of your portfolio, 10% or less. Cryptos are very risky, not to mention speculative. Having 20% allocation seems a bit high (for me). However, if you are very very sanguine about the prospects of cryptos, by all means. Depending on risk appetite, I feel there can be a higher allocation to equities (and cut down crypto). At 20, you can choose not to have so much emergency funds since you are very dependent on your parents (depends on individual). You can deploy a traditional 60-40, stocks to bond allocation for your portfolio and withdraw from robos to rebalance periodically (100% equities in robos). If you're willing to spend more time to manage and learn, you can also consider having a 3-fund portfolio through DIY.
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Credit Cards

Savings

Savings Accounts

DBS Multiplier Account

ValueChampion

I am a fresh grad. Which DBS credit card for my multiplier account should I sign up for if I spend less than $500 monthly?
Hi anon, DBS points earned on the Altitude card do not expire. It's stated on their website: https://www.dbs.com.sg/personal/cards/credit-cards/dbs-altitude-cards There is also no transaction threshold to cross for the credit card usage as long as your total transactions in all eligbile categories cross $2000 a month. That could be achieve by your salary crediting alone. Thus you need to ask yourself if you prefer to go with cashback or miles. Cashack is for instant rewards, and miles are for aspirational rewards. If you use cashback, the Everyday card should be quite decent. If not, the Altitude is a pretty decent miles card. You may read up more on the milelion website for more details on the card. I am not a cashback person, so I'm unable to comment on the Everyday card. Remember, you should spend because you need to get something, and not because you want to earn the cashback or miles. No point buying something you don't need, in order to jump into a higher 'tier' of bonus interest.
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Investments

Robo-Advisors

Syfe

ETF

STI ETF

ValueChampion

Regular Shares Savings Plans (RSS/RSP)

REITs

Property

StashAway

What can I do to make my portfolio better? Monthly, I have 100 RSP into Nikko, 300 into Stashaway (1 high risk, 1 moderate risk), 240 into Reits with Syfe, and about an extra 80 leftover. Any advice?
Woo
Woo
Level 4. Prodigy
Answered 4w ago
Can I ask why you have 2 stashaway portfolio? Because the way i see it, it is an average of high and moderate risk. might as well choose 1 portfolio risk somewhere in the middle? and what is your nikko fund in? if you high risk taker, should be in their growth funds and not the dividend, bonds, reits or STI.
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