Author: Seedly

What Will You Do If You Won The $12 Million TOTO

Sudden Windfall TOTO does not discriminate. TOTO doesn’t care if you’re white or black, 21 or 98 and dying, or if you’re cool enough to enter that party. TOTO picks unconditionally. As my lottery-fanatic friend loves to say, buying the lottery is to: 买个希望 (Translation: Buy yourself some hope) According to our previous article, the odds of winning 1st prize for the $12 Million Hong Bao Draw today is 1  in 13,983,816. But clearly, these low chances haven’t stopped Singaporeans from putting some money on that bet. If you already bought your lottery ticket for today’s $12 million draw,...

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Does A High P/E Ratio Mean That The Stock Market Is Overvalued?

Price/Earnings Ratio (PE ratio) What does a high PE ratio really mean? What is the significance of a high PE ratio and does it necessarily means a good chance to short a certain stock and make money? The PE ratio we commonly use is trailing P/E: It is obtained by taking the current price divided by the previous annual earnings. For the S&P 500, we take the price divided by the trailing earnings per share. In short, Market Price ÷ Earnings Per Share It gives us an idea of how much (in terms of multiples) are you paying for...

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What Are Singaporean Youths Spending So Much On?

“Eggs and toast you pay $18, siao ah!” Echoes the distant cries of a mother to her 16-year-old daughter, with reference to the plate of Eggs Benedict she bought at a fancy cafe during lunch with her friends. Why do kids these days spend so much? You can almost hear the endless nagging of most Singaporean parents. Much is indeed, subjective. But, by the looks of how many youths hold $1000 iPhones and don $300 Limited Edition Adidas sneakers, it is hard to deny that youths all around are spending more than they technically have. We asked 10 Singaporean Youths...

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Ultimate Guide: Cost Of Giving Birth In Singapore And Baby Bonuses To Help You Save

We all know having a baby is an expensive feat but how much does it really cost to give birth in Singapore. Knowing that not all pregnancies are the same, we came up with a guide helping future parents out there to know what to expect when you are expecting! Gynaecologist Fees First trimester (1st to 13th week of pregnancy) Your first trimester begins when you get pregnant which means by the time you find out you are pregnant, there might be limited time left to do all the check-ups. There are a series of tests which have to...

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This Week On Seedly: How To Grow My Retirement Nest? I am 48 Years Old.

The Seedly Personal Finance Community reached an auspicious total of 8,888 members over the weekend, just in time for the TOTO Hong Bao Draw! This week on Seedly’s Personal Finance Community, we received a really good question on retirement. You see, most Singaporeans only start to think about retirement at the age of 38 years old. While 38 years old is already quite late an age to start planning, what happens if one starts later than that? We find out from the community this week. The context of the question: Last month, the member started investing through a well...

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We wanted to hack the TOTO Hong Bao Draw with statistics. Here’s what we found out!

Some lucky Singaporeans are expected to welcome the year of the dog with a fat bank account. TL;DR: We wanted to hack the TOTO Hong Bao Draw with math. Here’s what we found out To have a 100% chance of winning the TOTO Jackpot, you will need to buy 13,983,816 Ordinary TOTO tickets. 54 ordinary tickets are all it takes to at least win something. I have 4 times higher chance of spotting a UFO today than striking Jackpot with 1 TOTO ticket. Singaporean’s Guide on how to TOTO In the game of TOTO, one has to purchase a...

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What Youths Need To Know About Budget 2018 And More

A lot went down during Monday’s Budget Speech by Finance Minister Heng Swee Keat. Beyond the concerns about our 9% GST, many of the things mentioned directly affect the lives of youths. Guilty as charged, I admit that the 2-hour Budget Speech, though important, slides past my interest and I believe that this is the same for many other Singaporean youths. So to make things easy, we broke things down and summarised the 5 most important things Singaporean Youths need to know about the Budget 2018: P.S. Haven’t watched the speech? No problem, we’ve digested the two hours’ worth and...

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Young Working Adults: 12 Instagram Accounts That Help You Get Better At Personal Finance

Visual data is processed 60,000 times faster by the brain than the same data in form of text. With 65% of the world’s population being visual learners, Instagram becomes one of the mostly browsed social media platforms. If you are looking to take an occasional break from all the pictures of unfairly good-looking people, heavily edited photos of food and unaffordable luxury, here are some Instagram accounts that can help you get better with your finances. 12 Active Instagram accounts that help you get better at your money CPF Board Central Provident Fund (CPF) Board is definitely doing something amazing...

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Absolutely Essential Books for Beginners to Learn Investing in Stocks

Investing is fun, but only when you make money, or even beat the market if you’re that competitive. However, there are countless bumps on the journey to get there. It takes half a century for Warren Buffett to be known as the Oracle of Ohama (where he lives) and decades of experience for Peter Lynch to be a legendary mutual fund manager who averaged 29.2% returns annually (wow!). Reading up blogs, news and taking online courses can only get one so far. To be able to achieve results, any beginner needs to understand the thought process of previously successful...

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7 Productive Things You Can Do During Your Commute

We spend a lot of time commuting. Editor’s note: Even more when our trains break down. In Singapore, 60% of our working population depends on public transport, and the median commute time is 30 to 45 minutes. That’s a whopping 7.5 hours that we spend on the move each week and 390 hours (16 days) per year*. Instead of aimlessly scrolling through social media, here are some suggestions on productive things that you can do during your commute: * If we count a return journey, and base it on a 5-day work week. Complete personal administrative tasks With smartphones that...

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What Do We Want The Seedly Community To Become?

This community group started as an experiment around 7 months back. Today, it’s grown into something really exciting and meaningful. Let’s keep it that way. Making Smarter Financial Decisions A community is only as strong as it’s members and their beliefs. Very quickly, we realize that we are on to an often taboo topic of “personal finances for the masses”, and simplifying it quickly through group discussions and engagement. Let us remind ourselves: “We are all here for Meaningful Discussions” In Singapore, I don’t believe there are actual groups like this which you can get really solid discussions with experts...

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Is Our Nasi Lemak Subjected to GST? An insight on how GST Increment Affects Cost Of Living For Poorer Singaporeans.

” We are seriously considering a career switch to be a fortune teller.” In December, we predicted that Goods and Services Tax (GST) is likely to increase. That news became official when it was announced at The Budget 2018. Singaporeans this have a longer 3 years to prepare for the hike, away from the usual 1.5 years. Above: “What we interpreted from Heng Swee Keat’s speech.”   Well, most rationale Singaporeans would have expected it, there were actually a few telltale signs: Prime Minister Lee Hsien Loong mentioned the need to raise taxes to fund government spendings GST has yet...

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Singapore Budget: Every Dollar Spent Wisely. Really will happen?!

” Government Service Tax (GST) confirm increase again!” They say that it helps with the heartache: by anticipating a bad news and “sort of” convince yourself that it is going to happen even before it does, can cushion the impact when the shit hits the fan. Now, to cushion that impact, we made a bit of an “anticipation” of “bad news” with proper analytics and the help of the Seedly Personal Finance Community. LIVE: The Budget 2018 Seedly will be providing our insights on The Budget 2018 as it happens. Stay tuned to this article and our LIVE UPDATE...

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Ultimate Guide: Maximise Your Ang Bao Money This CNY

TL;DR: Maximise your Ang Bao money this CNY Changing your lifestyle can help you save S$16,244.50 per year. Growing your Ang Bao money to beat inflation can help you Huat even more. Simple investments and changing of your bank account can make you at least $1,400 richer! New Year New Huat As we usher in the new year, let’s start things on the right foot by reviewing our lifestyle choices. The real huat starts not from buying 4D but by making smarter day-to-day decisions! Here are 8 (huat!) areas you can begin from, and how much money you can save...

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Chinese New Year (CNY) Tools: How To Play Ban Luck, In-Between, Poker

Seedly CNY Tools: Chinese New Year Games Guide It’s that time of the year again, Seedly smells money in the air. In order to save you all the searching, we have put together the instructions on how to play 3 popular card games during Chinese New Year: Blackjack, Poker and In-Between Here’s the simplified guide! 1. How To Play Black Jack (Ban Luck) “Ban Luck”, otherwise Chinese blackjack is the most commonly played card game at any house during visiting.  This is probably because it is a relatively simple game of drawing cards in order to reach the closest...

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