Building Wealth: How To Construct A Core Portfolio | Money Mind | Wealth

Being an adult with your money is hard. So how can we make adulting easier by making better financial choices? In this special edition of Money Mind, young adults look for the answers to these questions and more. Helping make sense of it all are financial planner Christopher Tan, property expert David Baey, and careers coach Chee Sze-Yen.
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[@TheButterCrab]

CEO of Provident gave very practical advice, definitely gave newbie or veteran investors different facade of insights on financial planning and financial retirement. Good work CNA Insider !

[@immanuel8760]

😮 That guy is legit... He gives a lot of sound financial and life advice

[@Lewyn298]

I just hit $100,000 net worth this last quarter from saving and i plan to invest in the stock market to see it grow in the next 3 years. What is the best way to navigate the stock market as a newbie?

[@Maniakkkkkk]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@thelooseseal]

Consider allocating 30-40% to a High-Yield Savings Account (HYSA) and entrusting the rest to a financial advisor for investment. My advisor has significantly impacted my financial journey, fostering clarity and confidence in the stock market. Thanks to her guidance, I've grown my portfolio from $100k to $1.4m in just 5 years.

[@Wendytsang12]

Wonderful!!! I've recently sold property and aim to invest in stocks, seeking guidance. How can I reach them?

[@thelooseseal]

’Melissa Elise Robinson' is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Wendytsang12]

Thank you for sharing, I must say, Melissa appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@weishengwilson9096]

My second time hearing from Mr Christopher, feel really thankful for his speeches and sharing! 😊 He has a big heart! I seldom post comment probably one of my first 5comments in my life 🤣

[@ThatAverageSingaporeCouple]

Really love what Christopher shares, very down to earth and insightful!

[@DougASAP]

I am happy to see that Singaporeans are getting better financial advice than they did about 25 years ago, when people were pushing insurance as an investment and high cost proprietary investment products! Yay ETFs and term insurance. Good work CNA!

[@JtubeYouTube]

Very true that the starting point of whether to have children should not be financials but whether it completes your life. We just need to adjust along the way.

[@MKiurinuRigold]

I attended financial coaching online and I remembered the financial coach say that it will take quite a lot of money to educate one kid However the importance is to invest as much as one can based on one’s income - there is no need to compare and to invest based on what your kid can do as well as the kid is interested however do not overstretch your finance abilities

[@slaiyfershin]

Christopher's advice is very sound but extremely conservative esp with the CPF top up.

[@huaiwei]

Yes it is very good for those who are more risk averse. I went the opposite way however, investing in Unit Trusts first when I was in my early 20s, before going into EFTs in my 30s (partly because ETFs only really became more prominent at that time). Bonds came into the picture only now in my 40s, although I also started buying shares. In other words, my risk appetite is actually bigger when I was younger, because I had few financial commitments (single, with no home or car), so I was willing to risk it all. I ended up reaping the benefits in my 30s because I was able to put more money into my home's downpayment and take up a smaller loan. As I get older, I become more cautious, hence the bonds comes in, but I also get more savvy, hence I now dare to invest in shares. I like the diversity of risks in my portfolio. Of course my path may be less suitable for those who plan to marry and buy flat/car in their 20s and cannot stomach that kind of risk. Christopher's advice may be more suitable then, particularly the part about buying bonds, ETFs and putting money into your CPF (which I never did).

[@hummit]

Very good advice! 👍👍👍

[@thureinoo]

Chris is one of the best advisors~!

[@firefly4326]

Read his money wisdom book full of errors.

[@thureinoo]

@@firefly4326 Haven't read it. What kind of errors?

[@EcomCarl]

Great points on balancing career and family by managing life's tensions! Prioritizing personal development as an investment is key to long-term success and fulfillment 🌟.

[@hwaitingshiba]

I like the philosophy of the two glass balls and one rubber ball, so true :')

[@russiachinanorthkoreastatetv]

This is amazing ! Great work! Financial Education is key to making the best decisions

[@occamsrazor1987]

I all in NVDA when it was 34 cents.. what's the current price now? Hope I don't lose too much

[@guilinggaoyeh4691]

My suggestion is QQQ for the next 20 years, Now tech is a must.

[@yuliusguritno9010]

dont start with financial calculation if U want to have children. Agree Sir

[@MKiurinuRigold]

Congrats Celine Lim

[@Lucas-wn5wm]

Create likeminded community too

[@andycola1001]

if you think SG Cost Of Living is Expensive Try lives in Taiwan or HK😎

[@Vestigexx]

The only part i agree w/ this is the insurance portion. The rest, seems like crap.

[@ZackZainal]

PAP overlords would not be happy with someone saying $200,000 is not enough to raise a children.

[@graceleejiaen5181]

isn't SA closed now so why is he talking about topping up into SA?

[@user-vy1co6bq3z]

Didn't hear anything from the property expert.... 😅

[@rikirex2162]

every body looks as S.P. like a Bible for good economy...but having visited in the 80s,90s,2000s and finally in 2014...I always noticed the same problems among citezens, people work 12 hours daily just to pay the rent and eat, that wy I did not choose to live there despite all the good friends i have in that expensive place.

[@ocswoodlands]

6:24 - $200k per child? Definitely under estimate!! La la land figure... If the child is healthy- maybe 500k - 700k. If the child is special needs - at least $1m including opportunity cost

[@retiredmogul]

Lol, mortgage guy had Zero air time.

[@kelvinyau2220]

The last thing when comes to investing or trading is to listen to anyone because why in the world would someone in sound mind give you their golden strategy to you ? Thats why when i hear the streets are talking about invest into something, i do the opposite of that. My odds of return just skyrocket

[@firefly4326]

Wrong. Because a golden strategy works only if it has backing and size in it. Without the support, the golden strategy might not be able to capture the current market. Only selfish people like you think you have the most workable strategy, and investment nor trading works like that. Because no one in the world can predict the markets. Only market makers can influence the trend. You go contrarian tactics you think u are smart but u are just having lucky shot. Bodoh

[@LordBagdanoff]

SnP 500 is a must.

[@alphaTrader.oo1]

in short Yes but only for avg joe

[@zhikaizhang1924]

Though this video is not on birth rate. But I think someone just told u the obvious hard truth that no one want to talk about or see. Giving birth do not bring u any ROI. Back then the older generation, give birth to a lot is becos there are still transiting from a farming society to the modern society. Hence, ppl back then still have the idea that kids are good ROI becos they need manpower. But today even the cleaner are well educated enough to understand that giving birth is a burden and it doesn't give any Return of Invest. Don't even try to explore the idea that making your kids as your retirement backup. You kids will hate you once they realise that they are just your retirement tools.

[@briarshard2871]

The poor property agent, maybe the audience don't recognize the need to accumulate knowledge in property purchase yet

[@kennytan5055]

so easy get PTSD? I been through so much and lost money to MAS license shell companies. You have to stay strong and keep going.

[@gasohwjchen]

Save in Bitcoin

[@yangstrikes87]

Buy Bitcoin the perfect money...with absolute digital scarcity, just in case it catches up later.

[@andytai7773]

Seriously, inflation in Sg? 😂 Singaporeans need to go out to the world more often and learn to use non-SGD more

[@firefly4326]

You failed in economics. Go outside spend more, means you invest in other countries and not in your native country. When this happens, it affects production and real gdp. Then it affects per household income. You stupiak or what?

[@firefly4326]

The writer of money wisdom full of errors in the book.

[@ChunkUhDunk]

Buy Bitcoin

[@firefly4326]

Buy bitcoin for speculation not investment. What a joke

[@ChunkUhDunk]

@@firefly4326 best performing asset of all time. Better off not commenting on things you don't know about.

[@dwichiesa]

It's too late for bitcoin bro. lol

[@ChunkUhDunk]

@@dwichiesa people have been saying this since 2013. Keep telling yourself that.

[@huaiwei]

@@ChunkUhDunk only people who can stomach the volatility and can afford to loose it all should invest in such high-risk vehicles. This is basic investment 101. Lots of those young people got burnt investing in bitcoin and such because of FOMO, often caused by people like you who just push for it without considering their different circumstances.

[@nicholasjack833]

Buy crypto la diu. Dont be dinosaur

[@firefly4326]

Buy crypto to speculate and scam people in to throw them from top down. Diu. This is the real dinosaur

[@Kii230]

Buy crypto and watch Ur bank account become extinct like a dinosaur

[@nicholasjack833]

@@Kii230 nah just made my first million at 32 recently thx to crypto. saying that is an excuse for being a loser. in a bull market quite easy to make 500-2000% gain a year for those who are good at crypto. sad being you. lalalallaa

[@firefly4326]

@@nicholasjack833 that is real scam with your become 32 at millionaire. Scammers make one millionaire to scam more people in, giving fake impression. If everybody is a millionaire, where is the poor people? Diu ni laobu. Faker

[@Kii230]

@@nicholasjack833 can't wait until you lose it all