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Property

General

CPF

Eleanor Ng Lai Hong
Eleanor Ng Lai Hong,
Level 2. Rookie
Answered 6d ago
I would suggest both. Cpfoa earns a risk free interest rate of 2.5%pa. Currently, HDB loan is 2.6% but if loan is taken from bank, you can still probably get a low 2%. So by using cpfoa, on top of losing the interest rate cpfoa earns you, you are using a higher yield instrumt to service a lower cost of debt. But having said that, you may need liquidity when the kids come etc. So having a mix of both you the option to adjust the ratio of cash / cpf mix.

Seedly

Elijah Lee
Elijah Lee,
Level 6. Master
Updated 16h ago
Mostly mobile, as I'm on the move frequently. Desktop when I'm at my desk (physical keyboard is better for me). Sometimes when I get push notifications on the app, I tap on it but it just brings me to the main seedly community page instead of the exact post that the notification is about. Not sure why this is happening...

Expenses Tracking

Lifestyle

Shopping

Yong Kah Hwee
Yong Kah Hwee,
Level 6. Master
Answered 7h ago
Maplestory prepaid cards. Literally starved myself during secondary school and bought thousands of dollars worth of maplestory prepaid cards throughout the 4 years :(

Savings

Yong Kah Hwee
Yong Kah Hwee,
Level 6. Master
Answered 7h ago
It really depends, but you should have at least 6-12 months of emergency savings, plus adequate insurance coverage.

Savings

Bank Account

Takingstock @
Takingstock @,
Level 4. Prodigy
Updated 8h ago
Two bank accounts, one 360, and one Frank, both with OCBC. All incomes and major transactions all go thru the 360, but there is no ATM access. I transfer my monthly allowance from 360 to the Frank on 26th of each monthly (feels like pay day!!). The Frank account is the only one that I can access with my atm card. 1) I love this arrangement because everytime I go to the atm, I see available balance and am reminded how much left there is and whether to tighten the belt a bit. 2) the giro deductions can easily clear from 360, with no insufficient balance and 10 charge for failed transaction. 3) easier for bank reconciliation and how where your monies is going mainly by reading the flows in 360, and not the miscellanous small charges. 4) better security I guess. Its rather tough to touch my money in the 360, without going thru online banking, and even if so, 80% of the funds are locked down in savings goals. I used to want different banks for the two accounts, but I didnt feel it was a necessity. Besides when I do my qtrly balance sheets, I just need to login one bank. Also I consider if I have two much money in the bank, some of it must be not working hard enough. Invest the rest I say.

Investments

Savings

Lifestyle

Vivien Lee Feng
Vivien Lee Feng,
Level 4. Prodigy
Answered 2w ago
- sacrifice grab ($20) and go for public transport ($2) - sacrifice atas coffee like starbucks (easily $5) nd go for kopitiam coffee ($1) - sacrifice movie ($12/ movie) and go for netflix ($7/ mth if shared between 2 person)

Investments

Stocks Discussion

Yes same rules apply when purchasing a foreign ETF. Just need to find a distributor platform that provides it. Do take note of the withholding tax like your equity investments. If they pay more dividends, you pay more tax, this is especially concerning for distributing bond funds.

Credit Card

Liam Lim Yu Zheng
Liam Lim Yu Zheng,
Level 3. Wonderkid
Updated 1d ago
I still hv referrals available (2claimed, 8 available)! Get S$10 free money after your first top up! Get the app and accept the invitation with this special link: https://youtrip.app.link/ZI%20YANG105989 When prompted to add in any optional promo code, Also use code ISHOPCHANGI5 for an extra $5!

Investments

General

Gavin Tan
Gavin Tan,
Level 3. Wonderkid
Answered 12h ago
Hey there anon, by yield that could mean 2 things, do you mean dividends alone or dividends + capital gain? For dividends, realistically 9% is pretty high, and the risk that comes with that high return is pretty high as well. Sure you can go for companies that offer divdends that high, but please do some research and make sure the dividends is sustainable. 1 example would be Starhub, when they offered high dividends but it wasn't sustainable, and ultimately, they had to cut it down by a huge amount. If dividends + capital gain, go for stocks that are undervalued and hold for a long time. That is literally the best advice I can give you that I know of personally. Lastly, if you don't mind waiting 5-10 years, you can just buy great companies, that pay increasing dividends year on year, and just stay invested in them, buy more when they dip and hold. Based on past statistics, if you held onto REITs such as MIT or MCT since 10 years ago, your dividend yield would have doubled, and easily reach double digits! Good luck on your investing journey anon !

Savings

Credit Card

Bank Account

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 3. Wonderkid
Updated 6d ago
As a fresh graduate from just a few years ago, will share my personal experiences. Banks Account : I started with the OCBC360 account, it works quite well as long as you pair it together with other OCBC products to maximise the bonus interest rates (e.g. using the OCBC 365 credit card). Recently I have moved over to the DBS Multiplier account because of the constant changes in the OCBC360 account interest rates and requirements (all downhill...). I find that the DBS Multiplier is much easier to work with, main condition being that you need to hit a large monthly earning+spending to achieve good interest rates. It would work increasingly well as your salary increases over time. Investing: This is a massive topic of which entire books can be written on... But my personal take is to start small and passively invest whatever part of your salary you manage to save. Together with the OCB360 account I used their Blue Chip Investment Plan (BCIP) to invest a small amount on a monthly basis. This monthly investment plan really helped me to maintain discipline in saving/investment over time and you will be surprised at how much it adds up over time! Cards: Depends on what rewards you are looking for (cashback, airline miles, reward points) and also whether you want to use credit cards from the same bank where you are crediting your salary to in order to maximise bonus interest. - OCBC: OCBC 365 (cashback), OCB Titanium Rewards (miles) - DBS: DBS Altitude (miles), DBS Womans World Card (miles) - If you are indifferent to bank: Citi Rewards Visa (miles), BOC Family Card (Cashback)
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