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Insurance

Shulingg Chen
Shulingg Chen, Scientist at LonzA Biologics
Level 3. Wonderkid
Answered 2m ago
Company insurance is always additional to your own personal one. Unless you are certain you will stay with the company forever, your health condition will reset (and potentially may exclude some health conditions) should you change job. Always claim from personal insurance first so your so your insurance company has the full picture. then fill up the claims recovery form after your personal insurance company has reimbursed you, to inform them of any company insurance that you have. Your personal insurance company will liaise directly with your company’s to settle the claims amount.

SeedlyTV EP07

Investments

P2P Lending

The liquidity of funds entering into your P2P platforms: These can give you an edge if there is a loans that attracted you. Words of advice: Put a limit to how much you put in each loans. Dont complain when it does default Most takes about 3-7 days based on the platforms. Platforms has the capacity but may not be motivated to shorten the duration as their loans issued maybe 1 per week, etc Credit scoring system/ Fact sheet: I believe this is self-explanatory. Choose the one to your preference. If you do not know about economics at all, some platforms' factsheet are infomative enough to explains the strengths and weakness of the companies Customer Service: I believe that service outweighs technology, despite the fact that goes hand in hand. I see this as an alternative banking/ credit services. You need to understand the borrowers' needs so that you can gain relevant advice for people to trust and continue to use the platform. For investors, you may have queries with the loans issued. The quality of services could affect your decision-making. There may be areas you want to see in the platforms. Feedback. You can easily see if the platforms are serious with what they are doing. Responsiveness : Closely related to customer services. Community vs individual platforms to feedback and ask questions

Personal Finance 101

Investments

Insurance

Hi anon, definitely insurance will be the key consideration. It is the safety net that will always be there regardless of market condition. Insurance will pay you the amount of money you need when you need it. Had a hospitalization, and covered by a shield plan? Your hospital bill is taken care of. Out of work due to CI and fighting to recover? Your expenses can be taken care of by your payout. There were many considerations to take into account when selecting the right policy, including what kind of insurance is important at this life stage, what amount of coverage I need, and what my affordability factor is. Naturally, my health, being good when I was young, is also a key consideration. If I was saddled with health issues, I would probably not be very insurable. So yes, sort your insurance out first. Make sure you have that safety net. If you never use it, it's not a problem either. No one expects to use the airbag of their car, or the lifevest on an airplane. But if you think about it, which is more expensive, the airbag or the car? Insurance is your plan B you never hope to use, but when push comes to shove, you will be glad you have it.

PFF Panel 1

Insurance

Seedly PFF 2019

Shulingg Chen
Shulingg Chen, Scientist at LonzA Biologics
Level 3. Wonderkid
Answered 15m ago
The best time to buy is when you are young (at birth) and healthy! It ensures that we are covered and not excluded for any health conditions which may happen at a later age. At the younger age, it is also affordable to buy.

Investments

You can invest for growth or for income. If you're investing for growth, you're looking for compounded return. If you're investing for income, you're looking at receiving dividends. When you're young and your capital is a little low, you need to compound it. When you're a little older, you can start choosing to receive and spend your dividends to achieve financial independence.

Insurance

It is an affordable personal accident plan that works as it should be. - most insurance companies offer similar plans at a competitive rate. Also, do take note of the sub-limits for children for this plan. Thereafter, the next natural question will be, in the event of claim, will you be able and have the luxury of time to read and internalise the entire policy contract to make the appropriate claim? This includes filling up the relevant claim form as well as to liasise with the insurance copmany itself. Otherwise, if you have a trusted agent, then check with him or her if they have similar plans like this - majority of the insurance companies carry personal accident plans. Here is everything about me and what I do best.

SeedlyTV EP07

P2P Lending

Investments

Take a look at their methodology in issuing the loans. Different companies have different methods to mitigate losses. I remember Mininterst is compulsory to have a guarantor For funding societies, it varies

SeedlyTV EP07

P2P Lending

There are in the US (lending club for example takes on a number of transactions on to its own books), and we will definitely see this taking place more prominently in Asia with the advent of debt focussed funds. Given the current state and relatively new creation of p2p platforms in asia though, the relative size of P2P market vs size of debt funds which tends to be a lot larger is causing the slow uptake.

SeedlyTV EP07

Investments

P2P Lending

General

Interesting question! Would love to hear opinions too. But if you're mentioning P2P investments in the context P2P lending, then I would base the risk component on the credit worthiness of the borrower. The Sharpe ratio uses volatility as a measure of risk (I personally think volatility is a flawed measure, but that's another story for another day!). But in P2P lending as an investment, you'll earn money if your interest is paid and your loan is repaid. So I think the best way to look at risk-adjusted return for P2P lending-investments will be for P2P lending platforms to release some form of the scoring system on credit-worthiness (volatility of income, interest coverage ratio, debt-to-equity ratio etc.). I'm not familiar with P2P investment platforms, so I hope this is a useful response!

Multi Currency Cards

TransferWise

YouTrip

You'd hope YouTrip works in Thailand given they've launched a localized version of their product there! :)
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