Make smarter financial decisions together

Ask for opinions and get answers from other Singaporeans.

ASK A QUESTION
Most Recent
  • Asked by Timothy Tan

    Tee-Ming Chew
    Tee-Ming Chew, Co-founder at Seedly
    36 Answers, 106 Upvotes
    Answered 23m ago
    Went to research on the MCC and found out that it is 6540 (Non-Financial Institutions – Stored Value Card Purchase/Load) I'm not sure which credit card or bank that has rewards for topping up Youtrip (if that is what you meant) but I would love to know!
  • Asked by Anonymous

    Leong Wen Fong
    Leong Wen Fong, Community Lead at Seedly
    118 Answers, 266 Upvotes
    Answered 1h ago
    You can look at some of the reviews here! SInce you want more data, I actually recommend Circle's Life/ SIM only plans. However this means that you will have to pay full price for your phone, as the plans are rather cheap (currently paying 45-50 for 20GB of data) You may want to check this article out for more information!
  • Asked by Anonymous

    Eveline Lau
    Eveline Lau
    14 Answers, 51 Upvotes
    Answered 1h ago
    1. Gym membership. People tell me to just go running because it’s free but I don’t like to run; at the same time I want be fit. In a way, the money spent motivates me to attend classes every day so that I can inch towards my fitness goals. 2. Master’s degree It’s damn tiring to do a part-time degree on top of a full-time job. The paper qualification doesn’t add as much value to a Bachelor’s degree compared to a Bachelor’s degree‘s added value to a diploma. But the knowledge learned benefited me in other ways.
  • Asked by Anonymous

    Loh Tat Tian
    Loh Tat Tian, Ex-Financial Advisor, Founder at Singapore Insurance Value Finding

    Top Contributor (Dec)

    198 Answers, 292 Upvotes
    Answered 2w ago
    1) I would first seek to understand what's the problem with regards to the funds. From there, you can size up if our FA is really competent a not. IF not, you may proceed to "FIRE" your financial advisor. 2) I feel that it is not worth losing money just to "FIRE" someone whom you deem as not warm enough etc. But definitely its justifiable to "FIRE" if you really felt you should have better returns. 3) Taking ownership of your money is another matter all together. You are your funds owner, of course the profits and loss is your ownership. 4) Always part ways in a cordial manner as it does not help if your FA just drops everything and does not respond to you. You would suffer in a few ways (A) if your funds require to go through him to execute (or it is much easier), just let him execute the last few actions to get the funds out. (B) It may also not be true that your FA is not competent, rather your expectations has increased, and hence you felt "shortchanged". Have you ever wonder why people have done "stupid things" when they are young :D, which includes myself.
  • Asked by Anonymous

    Adam Yam
    Adam Yam
    2 Answers, 4 Upvotes
    Answered 2d ago
    I asked myself this question a year ago but there was no affordable option to my knowledge then. Today I use interactive brokers to purchase overseas ETFs as it's much more affordable than local brokerages. You can DCA into a few overseas ETFs each month using this platform. The cost is so low ($1 per trade?) that you'd probably be paying the minimum $10 a month charge.
  • Asked by Daniel Lee

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered on 19 Dec 2018
    My Personal Financial Resolutions for 2019: - Bring my total Investment portfolio value to around $50k or more by end of year - Deriving a total dividend yield of around 6 to 7% p.a distributed in quarters ($3,500 cash yield every year) - Optimise my REIT portfolio to model the index better so it's more diversified - Continually contribute my RSP between $500 to $1000 every month - Ensure our Joint Account with my other half continues to grow well (and put at a better Yield location rather than the 1% p.a now) Saw a 2.02% savings account model type (even better than SSB) - Buy 2 x Growth stock during the market crash (when it happens) Total Returns = Capital Gains (growth stock) + Dividend Yield (REITs) Other side resolutions: - Grow the Seedly community here while our team also grows! And become Singapore's largest personal finance community centered on the mission to make smarter decisions! - Donate some % of my income to charity I believe in (right now it's the Brain Tumour Society Singapore) - Lose 10kg and win the weight loss challenge at work - Total pot is worth $1k LOL - Try the Keto diet lol. I will be documenting my investment journey here on my Seedly profile, so do join me here: https://seedly.sg/profile/kenneth-lou Here is the reference from previous years general template:
  • Asked by Anonymous

    Leong Wen Fong
    Leong Wen Fong, Community Lead at Seedly
    118 Answers, 266 Upvotes
    Answered 5h ago
    Answering the part directly about office politics etc- Unfortunately this is something he will need to navigate no matter where he goes to. If he wants to be a business owner, there is a lot of partnerships and connections he will need to work on. Though not politics per sey, but nonetheless he will need to work on some form of networking. If we are talking purely about career aspirations, then firstly, you have to know what you are interested in, and what you are good at. If both of these point you in the same direction, then congrats! you have found the ideal industry or occupation to be in! However, if you have to choose one, I recommend you choose what you are good at, as long as you don't hate it. Hobbies and passion can remain as such, if you have the finances to support it. Secondly, try everything! After graduating from university, I had spent most of my time in the education sector. I really do enjoy it, however, I grew jaded for a season, and wanted to try something new! Thus I took on an internship just to gain more insights and experience into what I really wanted to do, and explore the areas that I have not explored before. Not only did it open my eyes, I also met really great people and formed really great friendships! There is no "one path" for everyone. Life is always changing, and it does not mean that we have to stick with one path for the rest of our lives. Priorities can change, jobs can change, people change. Lastly, every business has it's ups and downs. if he has really done his homework, researched, and really believes in his business, then he should go along with it. There is always the possibility of failure in a business- but that doesn't mean that you shouldn't try. At least you are aware that it can fail, and are not delusional that whatever you do will definitely work. All the best!
  • Asked by Anonymous

    Kenneth Lou
    Kenneth Lou, Co-founder at Seedly
    310 Answers, 742 Upvotes
    Answered 6h ago
    I'm going to quote Siti Putri on this as I find she has really thought this through... her full answer can be found here "I recall for pre, I just do and buy whatever I want especially since I am already disciplined and relatively savvy in my own savings and investments. We believe in equality, so before marriage all the expenses during our co-habit for 3 years prior marriage were split equally. But for post, we somehow adjusted. We talk things out first for big tickets items. Somehow, I am the CFO, Planner and Secretary for us, so I am in charge of all these things. But only because there is a level of trust and I am better at it. I think you can consider each other’s strength and weaknesses to decide such roles. I believe in own financial planning for self and as a couple. There are some savings and investments that are in my own name and decision. But I also set aside a joint savings account, joint investment trading account and shared properties investments. I also ‘helped’ my hubby to invest his own money by offering my analysis but the call is his to decide. The next important thing is life goal direction. Especially if you got to know your fiancé from school days, are there any changes. For example one is career minded in rat race vs the other bochap take things with the flow. One wants to FI early so really work hard to save and invest; meanwhile the other spend money anyhow. I think my case is unique as my hubby is Financially Independent early retirement. But i am working towards it for myself. This makes my investing on behalf even more challenging because of different objectives. I am about growing wealth and he is about preservation."
  • Asked by Anonymous

    Timothy Tan
    Timothy Tan
    1 Answers, 2 Upvotes
    Answered 6h ago
    Utilities - MCC mostly excluded, so the best is still POSB everyday 1% cashback Telco - no cards give bonus so use Citi Premier miles / UOB PRVI Insurance/Tax/Govt - MCC mostly excluded, try go for some other perks like auto splitting payments over a few months with OCBC GE card
  • Asked by Anonymous

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

    Top Contributor (Dec)

    246 Answers, 427 Upvotes
    Answered 2w ago
    For such a long horizon and for the means of general wealth accumulation without risk or volatility, you may be interested in looking at a perpetual endowment plan with flexbility of withdrawals. One that comes to mind would be Manulife's ReadyBuilder plan. However, I would like to add that you do have the luxury to take on some risk because of your really long horizon, I would also suggest a globally diversified portfolio provided by an FA or a robo advisory. Maybe start with a dividend paying portfolio or a balanced one?
See more questions

Manage your money for free today!

Download on the App StoreGet it on Google Play
  • Quick overview
    Quick overview of your bank and card transactions.
  • Secure syncing
    Secure syncing of your bank or credit cards transactions
  • Automatic categorization
    Automatic categorization and analysis for your expenses
Seedly app