Author: Seedly

Where Can I Get my Personal Finance Questions Answered?

When it comes to personal finance, we are always told that we should start early. To achieve financial independence at age 36! Who? What? Where? When starting early, it is best if we are able to get some tips and tricks from our parents themselves. We then subsequently move to look to our peers for opinions (maybe) from their own personal experience or even seek help from our mentors (if we are lucky enough to have one). Internet-age Now that we are in the internet-age, what can we not find online? If I want to know, “what is the down payment...

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How Many Singaporean’s Wedding could The Royal Wedding Have Paid For?

Were you part of the 30 million people who tuned in to the Royal Wedding’s broadcast? Oh yes, *reality check* we are a personal finance blog, what does the Royal Wedding got to do with personal finance? Before we get to that, here is a really short summary. The Royal Wedding of Prince Harry and Meghan Markle Wedding of Prince Harry and Meghan Markle Held on 19 May 2018 Took place at St George’s Chapel at Windsor Castle 600 guests were in attendance For such an extravagant event, for sure it comes with an exorbitant price tag. TL;DR – 1...

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Answering Singaporean’s Question: Is it possible to retire with S$0 savings in your bank account?

The topic of retiring comfortably in Singapore makes a really good icebreaker topic. As one ages, the frequency of retirement being discussed increases to a point where it becomes the only topic one can talk and think about. A quick snapshot of Singaporeans’ main concern when it comes to retirement: 2 out of 3 Singaporeans fear that they will not have enough for retirement. From a survey conducted on 1,000 Singaporeans, here is the breakdown of their total asset allocation: 47% in cash, 26% in equities and bonds, 16% in insurance-linked investments and 7% in property. (Insert artwork) While...

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Convert Your Loose Change into Notes with This Hack, Goodbye Coins!

I have a few friends who doesn’t like handling their loose change. They would normally just drop their coins in their pockets and forget about it, which leaves them to a bunch of coins in their pockets at the end of the day. Within a few months, the coins accumulated could fill up an averaged sized cookie jar! I keep most of my loose change in a piggy bank (it’s actually a frog), it does take me awhile to fill it up because I still do use coins for my purchases especially at hawker centres but when it comes...

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Working Adults: How To Allocate Your Monthly Salary?

< BACK TO MAIN BLOG 20th May 2018 Passionate about helping people make smarter financial decisions. You can contribute your thoughts like Kenneth here. “I am getting my first salary, what should I do with it?” Now suddenly, you no longer getting an allowance. It now seems like the world is so much bigger with a huge jump in your bank balance at the end of the month. This article serves as a simple guide to you on which accounts you should set up and what you should do next with simple strategy at the end. The Only Rule –...

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4 Forces That Move A Stock Price

Ever wondered what moves a stock price? Constant fluctuation of stock prices attributes to the risk an investor undertakes whenever he parks his money in a particular stock. There are many factors that can lead to the price of a stock rising or falling, and before moving on to become some stock guru. Here are the 4 basic forces that move a stock price: Company News And Performance  There is a company behind every stock and the company’s news and performance affects the price of a stock. Any development within the company can be a push or pull factor for the...

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Seedly’s Guide: Courses to Guide You On Your Investment Journey

< BACK TO MAIN BLOG 17th May 2018 Turns caffeine into digestible finance content. You can contribute your thoughts like Ming Feng here. Here’s an open secret about the things we learn in schools – instead of learning critical life skills, kids are taught to memorise information. In years to come, this practice we have will come back to haunt us when it comes to personal finance. We do have some possible theories (not enough for a thesis) on why personal finance is not taught in Singapore schools in one of our previous article. Some of the main reasons being:...

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10 Stocks To Buy In The Next Market Crash

< BACK TO MAIN BLOG 17th May 2018 You can contribute your thoughts like Guest here. I recently chanced across an article by Turtle Investor where he described what he would do with his robo investments if the market crashed (Spoilers Alert: He would sell bonds and buy equities). Then, it got me thinking, we have emergency plans for fires, earthquakes, aeroplane emergency landing, why not one for our investments? Where is the colourful brochure that tells investors what to do in the event of a 20% or 50% crash in share prices? The persistent flattening of the yield curve is...

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Singaporean’s Ultimate Integrated Shield Plan Comparison, Am I on The Best Plan?

< BACK TO MAIN BLOG 16th May 2018 Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here. It is a common misconception that you can either choose MediShield Life or Integrated Shield Plan, the truth is, you can’t. Integrated Shield Plan is like an add-on to your MediShield Life, Integrated Shield Plan enhances your MediShield Life coverage by a bit or even a whole lot (depending on which plan you go for). TL;DR Integrated Shield plan adds on to your coverage on your existing MediShield Life. You should cover yourself with an...

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The Ultimate Compilation of Housing/Mortgage Loans in Singapore

We will let you in on a little secret. The cost of getting a home in Singapore has officially put marriage on hold for a lot of Singaporeans. You know how couples are always talking about how getting married involves more than two people? It is true. The typical scenario of getting married in Singapore First, you want to get married. After which, you meet the parents which many times involve holding a wedding banquet. You went on to hold a wedding banquet, blowing close to S$40,000 for a room full of relatives...

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All About ’em Cheques – How Can You Protect Yourself

Ever received a huge windfall in cheque and felt like you almost as vulnerable as holding cash? Someone in our #SeedlyCommunity was actually one of the First Prize winners of the recent $12 million TOTO Hongbao Draw, bagging about $6 million home! Imagine picking up the cheque from the Headquarters, how vulnerable must he have felt? Read More: We wanted to hack the TOTO Hong Bao Draw with statistics. Here’s what we found out! *Editor’s Note: Singapore Pools does take their own precaution by printing “A/C payee only”, therefore, only the named person can receive payment.  Maybe we are not...

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Mothers’ Day Special: How 5 Amazing Singaporean Mummies Overcome The Challenges They Face, When Raising Their Children

< BACK TO MAIN BLOG 13th May 2018 Turns caffeine into digestible finance content. You can contribute your thoughts like Ming Feng here. Mother’s Day 2018 “It would be nice if the house magically got clean and dinner magically cooked.” – Every other mother’s wish this Mother’s Day Parenting was never an easy task to start off with. In face of Singapore’s cost of living and having to balance parenting and career, meet the Superheroes that do not wear a cape this Mother’s Day. In this article, we find out how 5 amazing Singaporean mummies overcome the challenges they...

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CDP vs Custodian Account? Which should I use and why?

< BACK TO MAIN BLOG 12th May 2018 Turning finance into boba-sized pieces. One iced milk boba tea, please! You can contribute your thoughts like Cherie here. Note: We do not do sponsored content, so all opinions are of our own. I am personally using DBS Vickers because the brokerage fees are competitive, but I was considering using Standard Chartered (SC) because it has lower brokerage fees. Editors Note: I did my comparison with the help of this Seedly article, hopefully, this will help you too.  With my understanding, the DBS Vickers holds my holdings in the Central Depositary account...

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Ah Beng Handphone Shop: How They Make Money and How They Fit Into The Economy?

Heartland stores, or more commonly known as Ah Beng Handphone Shop are located almost everywhere in Singapore. Disclaimer: For a start, by the term “Ah Beng Handphone Shop” is just a Singaporean way of identifying these retailers. We do not necessarily mean that everyone working there is definitely an “Ah Beng”. Nor do we mean that these shops are unethical and dishonest. Forget about Jover Chew, not everyone in the industry is like that! Editor’s Note: “Ah Beng” is usually defined a young man who operates within secret societies and street gangs. But as we all know, this was...

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Retirement in Singapore: Is it just another pipe dream?

< BACK TO MAIN BLOG 9th May 2018 Passionate about helping people make smarter financial decisions. You can contribute your thoughts like Kenneth here. Ah, a common controversial topic discussed over coffee with some slamming of tables about the government and whether the CPF (Central Provident Fund) sufficiently covers for our retirement life. We decided to investigate a little deeper and perhaps it is at this juncture we would like to share with you some pretty alarming stats. Did you know that you would need a total of $400,000 to retire at age 55 in Singapore? However, this article won’t...

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