Author: Seedly

SG Young Investment Shares His Portfolio And Advice For Investors

Is it possible to save $100,000 by the age of 28? SG Young Investment started writing about his investment journey at the age of 25, back in the year 2013. From then, he set high targets for himself when it comes to investing. Always trying to attain at least a return of 8% per annum from his investments, SG Young Investment managed to save S$100,000 by 28 years old and here’s how he did it in 3 years. By saving S$1,300 per month, which works out to be S$46,800 in 3 years Adding in his bonus of S$20,400 in...

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Stocks? Blue Chip? Bonds? Here Are The Origins of Financial Terms in 5 minutes

This article was written by Aik Kai, an avid contributor in the Seedly Personal Finance Community Group Investing has become a buzzword among working adults as more and more people start to find ways to grow their wealth or seek out passive income. New and experienced investors alike will come across many terms as they progress on their investing journey. This comes as no surprise as investing, specifically trading of stocks and securities, started since the 17th century. But have you ever wondered why are blue chips stocks called blue chips? And why is the payout of a bond called...

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A Quick Singaporeans’ Guide: Cryptocurrencies And Factors Affecting The Price

Not long ago I was contemplating between betting my “Ang Bao” (Red packet) money on my favourite football team or to invest in some cryptocurrencies. A quick reference to the Investment Products Cheat Sheet indicates that cryptocurrency is a high-risk instrument that requires high effort. To be fair, it gives a possible high return. Looking at past record of my donation to Singapore Pools, the choice this time is rather obvious. I bought myself a few coins. Nothing else can be worse than losing 100% to Singapore Pools right?  What On Earth Is Cryptocurrency? I guess a quick explanation of...

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Why You Should Never Borrow from Unauthorized Lenders

Unauthorized moneylenders are always looking for people who are in a crunch for cash. It seems they are even on Whatsapp pretending to be licensed moneylenders, ready to give you a loan when you need it to pay your bills. Given that they can charge exorbitant interest rates and abuse the borrowers into repaying their funds, it’s no surprise they are so eager to find their next victims. However, it is when you are the most desperate for money that you should exercise the most caution. Taking a loan from an unauthorized moneylender can be a deal with the devil that...

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Working Adults: Why You Should Buy Low Cost Global ETFs

What is an ETF? An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. For example, the STI ETF as seen in the illustration below tracks the top 30 companies in Singapore which consist of familiar names like DBS, OCBC, SingTel etc. However, as heavily debated in the SG Personal Finance Community, one would admit that just betting your life’s investments in the Singapore growth story would be myopic and undiversified. Hence,...

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InvestmentMoats: Advice For Singaporeans Starting On Their Investment Journey

Over 13 Years Of Experience If you have successfully cultivated the good habit of reading personal finance content regularly, InvestmentMoats should be no stranger to you. Having been around since the year 2005, InvestmentMoats aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, be it good or bad. InvestmentMoats is also part of the Seedly Personal Finance Facebook Group where members can feel free get his point of view on personal finance issues. What Percentage Of Your Monthly Income Do You Invest? I allocated...

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Cheat Sheet: What Are The Best Cashback Cards For Working Adults In 2017?

Singapore: A country of card rebates A savvy consumer is one who looks to get the best deal and most cash rebates from his/her spending. Over the weekend, a few community readers reached out to us to do a more detailed comparison on cards. As working adults, we spend almost on a daily basis. Thus, we dived deeper to compare the best Cashback cards in Singapore. We focus on working adult scenarios Leaning more toward heavy categories such as F&B dining and Online spending With less emphasis on petrol discounts Regular monthly card spending between $0 to $1,000 One...

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These Young Singaporeans Cleared Their Student Loans Within 2 Years. Here’s How They Did It.

Student Loan: The First Loan To Hit You Read also: A Typical Singaporean Financial Journey The student loan is usually the first financial milestone for many of us, given that it kicks in at the earlier stage of our lives. With an estimated amount of S$21K incurring on your personal finance journey even before you embark on your first job, clearing it requires a lot of discipline and hard work. We might have written about the 6 steps to repaying a student loan, but applying it, in reality, is a whole new level. Here are some young Singaporeans who...

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Investment Blogger Miss Niao Shares Her Portfolio And Money Advice For Young Working Adults

The Best Time To Grow A Tree Was Twenty Years Ago. The Second Best Time Is Now. Despite being a young 27 years old, Miss Niao addresses interesting issues such as “How it feels like to date someone frugal” and “Tips for young investors”. There is no good time to start your investment journey other than now! What Percentage Of Your Monthly Income Do You Invest? It depends. I do not invest every month but accumulate the savings over a few months before buying a stock usually. As of now, as I am quite aggressively investing about 50% to...

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Working Adult: Diversify Your Portfolio Overseas For Better Investment Outcome

We did an article on how come of Singapore’s top financial bloggers invest their first S$10K. While the pieces of advice work for a S$10K portfolio, readers highlighted the lack of diversification. The Straits Times Index (STI) Exchange-Traded Funds(ETF) allows investors to invest in a variety of Singapore blue chip stocks, but it is still rather dependant on the health of Singapore’s economy. Key Takeaways – 4 Ways To Diversify Your Portfolio Overseas: Invest in foreign companies listed on SGX. Invest in local companies with overseas exposure Invest in foreign companies listed on other exchanges Invest in funds/bonds or ETFs...

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Best Tools To Get Cashback In Singapore – Cards, Online, Offline

A rising phenomenon – Cashback The history of Cashback originated from the idea of loyalty and encouraging customers to make repeat purchases. As savvy customers, let us find the best ways to save money in our everyday lives 🙂 Today, we compare the best cards, online and offline methods to get the most cash back on your purchases. At the end, we discuss a simple strategy on how to get the best deals by stacking up the various methods!  Bonus: Our community has also informed us that ShopBack has a huge special called 9.9 today and tomorrow with legit discounts...

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Singapore Travel Influencers Share Their Tips And Hacks On Travelling

It’s nearing the end of the year again! Being Singaporeans, we were born to travel abroad, especially when the little red dot is simply too small to explore.  We decided to ask some avid travel bloggers to share with us their experiences and tips to get exposed to more cultures and cities overseas! Elijah & Joysalyn They are from the A Girl and a Bald Traveller, and they come with a mission to attempt to travel the world without breaking the bank or quitting their jobs. How often do you travel annually? We travel at least 4 times a...

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How Long Does It Take To Double Your Money In Singapore?

The power of compound interest This illustrates that at a higher interest % rate per year, you would require fewer years to double your money. In Singapore particularly, there are unique products like the CPF which also helps to support each individuals endeavour to grow his or her money. The beautiful rule of 72 You can see in the chart illustrated above, where the green numbers represent the number of years, and the red interest % represents the rate of return needed to double your initial capital. It is compressed into this simple formula you can see here: An...

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Fresh Graduate: JKYL Investment Blog Shares His Best Financial Advice And Investment Portfolio For Investors With Low-Risk Appetite

Kicking Off Your Investment Journey Most of us have a misconception that kicking start our investing journey requires huge capital, and having a portfolio that consists of a crazy number of stocks and investment instruments. Due to this misconception, lots of young working adults avoid having an early start, missing out on a lot of good years. JYKL Investment Blog‘s portfolio and financial advice in our opinion is a really good example of how most fresh graduates should view investing. It is not necessarily always about having the best stocks with out of the world returns. Having your money...

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5 Pieces Of Advice I Would Give My 21-Year Old Self About Money and Investing

This article was written by Soh Thiam Hing, an avid contributor in the Seedly Personal Finance Community Group Being a young 21-year old 12 years back, I first dabbled in investing in order to satisfy my curiosity at that time, which eventually turned out to be quite an important decision in “adulting”. After all, not many people invest now, by virtue of 3 out of 20 Singaporeans having a CDP account (even lesser for “active” accounts!), and there were definitely lesser CDP accounts back in 2005 when I first opened mine. Along my investment journey, I enjoyed the benefit...

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