how to plan the future

[Beefslice]

im in poly year 3 this year, pre-ns and im looking for some ways to capitalize on what i have now to grow more money. who does not want to be rich duhhh
my question is that if i do have a 10k now , rotting in the bank at 0.05%interest rate, what else can i do with it? dabbled with some stocks stuff few years back, didnt understand but fortunately still got a little more than what i put in by pure luck. got scared and want proper advice now. cos of the brexit, i think its possible to buy GBP when it lowers more right? and why is japanese Yen a good buy? is it becos Jap wants to devalue their currency in near future? appreciate help! thx and sorry for WOT

 

[bibu00]

please refer to
http://deluxeforums.hardwarezone.com.sg/95767925-post1908.html

 

[Perisher]

Open a Fastsaver with CIMB, 1% for doing nothing.

 

[bibu00]

EH WAIT!
PRE-NS!
https://www.posb.com.sg/personal/deposits/savings-accounts/posb-says

This is your plan for the next 2 years.

 

[Dividends Warrior]

im in poly year 3 this year, pre-ns and im looking for some ways to capitalize on what i have now to grow more money. who does not want to be rich duhhh
my question is that if i do have a 10k now , rotting in the bank at 0.05%interest rate, what else can i do with it? dabbled with some stocks stuff few years back, didnt understand but fortunately still got a little more than what i put in by pure luck. got scared and want proper advice now. cos of the brexit, i think its possible to buy GBP when it lowers more right? and why is japanese Yen a good buy? is it becos Jap wants to devalue their currency in near future? appreciate help! thx and sorry for WOT

Sign up for regular investment plan with POSB or OCBC. Invest STI etf monthly. Retire like a boss 30 years later.

http://www.forbes.com/sites/moneywisewomen/2013/03/28/start-investing-now-dont-wait-until-its-too-late/

 

[Beefslice]

Open a Fastsaver with CIMB, 1% for doing nothing.

what are the perks of this account? thx

 

[Beefslice]

EH WAIT!
PRE-NS!
https://www.posb.com.sg/personal/deposits/savings-accounts/posb-says

This is your plan for the next 2 years.

hello thx for the first article , helped me a lot. now will take my time to read before asking more questions thx

 

[Beefslice]

Sign up for regular investment plan with POSB or OCBC. Invest STI etf monthly. Retire like a boss 30 years later.

http://www.forbes.com/sites/moneywisewomen/2013/03/28/start-investing-now-dont-wait-until-its-too-late/

hello mind explaining sti etf?

 

[Dividends Warrior]

hello mind explaining sti etf?

Here u go.

https://en.wikipedia.org/wiki/Straits_Times_Index

http://www.spdrs.com.sg/etf/fund/fund_detail_STTF.html

 

[koja6049]

Start by opening an account ledger, record your monthly income and expenses.

 

[Perisher]

what are the perks of this account? thx

1% for doing nothing? No requirements to fulfill. It's for parking any funds fuss free.

 

[miketay90]

Here u go.

https://en.wikipedia.org/wiki/Straits_Times_Index

http://www.spdrs.com.sg/etf/fund/fund_detail_STTF.html

hi dividends warrior, i have a question.

i dont question the wisdom of investing in ETFs for someone who has no knowledge of financials/accounting whatsoever.

however, as someone who has financial/accounting background, i feel STI's components are kind of deadbeat? what do you think of the components'/singapore market's potential?

 

[Shiny Things]

hi dividends warrior, i have a question.

i dont question the wisdom of investing in ETFs for someone who has no knowledge of financials/accounting whatsoever.

however, as someone who has financial/accounting background, i feel STI's components are kind of deadbeat? what do you think of the components'/singapore market's potential?

I'm gonna jump in here, even though my name is not DW.

I think the Singaporean market is fine. It's trading at historically cheap levels (when you look at the price-to-earnings ratio - basically the amount of EBITDA you get for the price you pay is historically good); it's spewing out dividends like a firehose; and it's got a lot of rock-solid companies (the banks, Singtel, the REIT managers, etc etc). Admittedly it's also got a few really rubbishy stocks down the bottom end of it, but the majority of the STI is in sensible, solid, big banks and telcos that reflect the Singaporean economy.

 

[Beefslice]

Here u go.

https://en.wikipedia.org/wiki/Straits_Times_Index
http://www.spdrs.com.sg/etf/fund/fund_detail_STTF.html

Thanks for this , understood a little . How should I go about buying? I'm not good at this ....

 

[Beefslice]

I'm gonna jump in here, even though my name is not DW.

I think the Singaporean market is fine. It's trading at historically cheap levels (when you look at the price-to-earnings ratio - basically the amount of EBITDA you get for the price you pay is historically good); it's spewing out dividends like a firehose; and it's got a lot of rock-solid companies (the banks, Singtel, the REIT managers, etc etc). Admittedly it's also got a few really rubbishy stocks down the bottom end of it, but the majority of the STI is in sensible, solid, big banks and telcos that reflect the Singaporean economy.

Hi shiny things , u are the expert around here right? My question to you is that if now at 19 YO I have 10k , about 3/4 years away from NS ( to apply for what other people shared about the POSB SAYS plans). Should I throw my whole load into Singapore saving bonds first? Or how do I get into the STI ETF game? Thanks

 

[Beefslice]

My personal goal is to collect dividend like nobody else when at 30,aiming at least half the salary at the point of time then can get into SG property game then collect rental shake leg

 

[T H I N K]

Some information on investing into STI ETF using DCA mthly:

1. If u DCA mthly from 1988 to 1Jun 2016, annual estimated return is <2.5%

2. If u DCA from 2002 to 1Jun 2016, it is only <2%

3. If u DCA from 2011 to 1Jun 2016, it is negative!

(assumptions: zero brokerage/commission, dividend not reinvested)

So do your maths before u leap, can u achieve what u want by age 30 with it?

 

[akwl88]

Some information on investing into STI ETF using DCA mthly:

1. If u DCA mthly from 1988 to Jun 2016, annual estimated return is <2.5%

2. If u DCA from 2002 to Jun 2016, it is only <2%

3. If u DCA from 2011 to Jun 2016, it is negative!

(assumptions: zero brokerage/commission, dividend not reinvested)

So do your maths before u leap, can u achieve what u want by age 30 with it?

Yup do your maths. Can you invent a time machine now to travel to the future? Now is alr 2016 fyi. Add in the month June for you too

 

[havetheveryfun]

Some information on investing into STI ETF using DCA mthly:

1. If u DCA mthly from 1988 to Jun 2016, annual estimated return is <2.5%

2. If u DCA from 2002 to Jun 2016, it is only <2%

3. If u DCA from 2011 to Jun 2016, it is negative!

(assumptions: zero brokerage/commission, dividend not reinvested)

So do your maths before u leap, can u achieve what u want by age 30 with it?

your calculations do not include dividends gotten is it ?

 

[OngHuatHuat]

Sti etf return for the past 5 years is miserable and may just turn negative recently, which means there is a chance for it to be beaten by posb esavings account.

hi dividends warrior, i have a question.

i dont question the wisdom of investing in ETFs for someone who has no knowledge of financials/accounting whatsoever.

however, as someone who has financial/accounting background, i feel STI's components are kind of deadbeat? what do you think of the components'/singapore market's potential?