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SeedlyTV S2E03

Career

Family

Do you think it is a problem if I don't have dreams? I have no aspirations and all I want is to find a good job and earn enough to feed myself and my family. Can that be considered a dream?
Matthew Tan
Matthew Tan, Incoming Undergraduate at NTU
Level 5. Genius
Answered on 30 Apr 2020
Hello, I hope you're doing well amidst these times both physically and mentally. I've just started reading 7 habits of highly effective people. One of the analogy they used is to imagine you're attending a funeral, only to realise its your very own. There are 3 speakers who will share about their experiences and how you've lived your life: 1. Your spouse/family member, 2. A close friend, 3. A work associate. Now think about what you want them to describe you; your character, contributions and achievements. Once you think about those 3 things mentioned, you can start to centre your life around those principles and build goals and dreams to reach them. With this extended circuit breaker, theres more time to think about long term goals and dreams apart from finances. All the best!
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Investments

REITs

Robo-Advisors

Online Brokerages

Brokerages

I'm a fresh grad and started a full-time job. Have no experience in investing and averse to risk. Planning to invest a portion of my savings in Singapore REITs. Any advice?
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered on 21 Apr 2020
Hey Tx! Looks like many others have replied you on your question here now :) I would also share my two cents. I think that you are in a very good position to start. I would like you to think about the following considerations first before jumping in: - Do you have at least 6 months of rainy day funds (especially now the job market may suddenly turn for the worrse, you need to be prepared) - Do you need that $20k to use in the coming 3 to 5 years at least? (eg wedding, home rennovation, downpayment etc) - Do you have the risk appetite to stomach the volatility in the recession coming soon? (potential drawdown paper losses of 20% or more) If you are ok with the above then you can consider starting with a robo-advisor or picking out your own stocks. I would personally recommend robo-advisors as they are much easier to navigate and get started with as well. Food for thought :)
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Lifestyle

HDB BTO

Savings

Parenting

I'm a 25 F, married to a 27 M PR. We have not applied for BTO due to insufficient savings. How do I save money on childbirth and save up for BTO at the same time?
Time to start a small liquid savings account with your partner, each can put in about $100 as a headstart and review after 3 to 6 months, then adjust accordingly. For the sum interest rate, you might want to consider OCBC Bonus+ account (min. $500 monthly without any withdrawls). Do take note to do up the OCBC account if you are comfortable with saving up $250 or more per person upfront, and stash it away as emergency funds for children and other major expenses. OCBC Bonus+ account: https://www.ocbc.com/personal-banking/campaign/july2020-deposits.page
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Stocks Discussion

Investments

What are some of your favourite quotes on investing mindset that you have come across?
"Buy at prices you would not sell at. Sell at prices you would not buy at"
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Savings

Savings Accounts

Singlife Insurance

Promo Codes

Does Singlife have any referral code or fees?
Damian Yeo
Damian Yeo
Level 4. Prodigy
Answered 2w ago
Hi you can join using my referral link for free $10! https://app.singlife.com/rDf1Nd6Xt8
👍 8

Investments

Stocks Discussion

Anyone has managed to convince your parents to let you manage their money to invest? How did you do so- and how exactly do you payout the returns to your parents?
Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Updated on 06 Dec 2019
It's tough, I admit. Hahha. But what I did, is literally just purchase stock using my parents' money (I didn't ask for permission), and I just told them I bought it, and explain my rationale on buying. Specifically for my parents, it's better to ask for permission rather than forgiveness hahah. But anyway, for my parents, they have went through different experiences, like MLM, scam investments etc, so it's very understandable why they are resistant - often times I tell myself like why are they so resistant even though I have done my research. It's really about looking from their point of view, accepting that, and sharing with them your POV. And what's better than that, is showing results of the investment making results. That creates the trust between yourself and your parents that hey, my kid knows what he/she is doing! For the payout, usually I just keep it as it is. But what I promised myself is no matter what happens, the capital they have initially gave to me, I will give it back, and more. Nothing to calculate exactly between family, just give because there is something more than $. Personal take by the way!
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Investments

Family

SG Budget Babe

Savings

Savings Accounts

How do you convince your parents that money in the savings account is just rotting away and should be taken out to invest?
Rais M
Rais M
Level 7. Grand Master
Answered on 26 Feb 2020
My parents are not that young anymore and I do not want them to take or feel that they are at risk when it comes to investment. After much consideration, I decided not to convince them to invest their money, but rather, I will invest more of my money to support them somehow. I am their retirement plan.
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Lifestyle

Finance Savvy

Are battery chargers worth it?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Updated 3h ago
I feel yes, bought a set recently (Varta LCD plug charger type 57677 V2), nice. here some experienced detailed view: https://www.thesimpledollar.com/save-money/are-rechargeable-batteries-really-cost-effective/
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Insurance

AIA

Financial Planners

How can I change my irresponsible AIA insurance agent?
Hey there! You can do a switch of agent, just need to speak to an AIA advisor. The Vitality programme is a great catch for many people opting for small perks. Feel free to reach out if you need help. Ultimately, look for someone who will service you promptly. Financial planning is an integral part of life. You can reach me here to find out more.
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Investments

Online Brokerages

Stocks Discussion

What are reasons to buy S&P 500 ETFs from US over buying from UK?
Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered 4h ago
Generally for any ETF: U.S. domiciled: often cheaper annual fee-wise, often more liquid, worse dividend tax treatment, more ETF alternatives (sectors, subsectors), Ireland domiciled: often (tolerably) slightly more expensive, the important ones are liquid enough, better dividend tax treatment
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