Do You Want 4.XX% p.a. Interest Rate For Your SINGAPORE Savings Account? MTL!

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@ZhuKoLiang 2 ай бұрын

Hi, for Chocolate Finance, it is strictly not classified as a bank account. However there are other digital banks that are insured by SDIC. Examples GXS, Maribank Savings account. These are classified as savings acc and are sdic insured. Btw choco finance next month their 4.2% dropped to 3.5% liao..

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@ZhuKoLiang 🙈🙈🙈

@Kiki-sh3vf 2 ай бұрын

A friend asked me about this not long ago and I took a look. They actually use the money to invest in bond funds so they act like a intermediary. A lot of similar companies offering the same thing now, UOB have something similar. You are right that there are risks and it's not capital protected.

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@Kiki-sh3vf 🤞🤞🤞

@spencerino2760 2 ай бұрын

Hey AK! Just wanted to see if you have an opinion on aspial lifestyle. I remember in your video about the banks you were saying if they are below 10 PE and have a PB of 1 or less than it was like buying free money. Aspial isn't exactly a bank but they have high liabilities due to more than half of it being their accounts receivable. They have a PE of 7, payout about 50% in dividends, a PB of 1.06 and a book value per share of 0.12, exactly its current share price. So is this a good alternative to the higher trading banks or is there a reason why the market has priced this company so low?

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@spencerino2760 Different sector. Different considerations. I don't know enough about their business to comment more although I would say having a boatload of receivables is only good if they get paid. Might want to look at their asset quality. Tha banks have rigorous processes amd safeguards. They also have scale and reduced concentration risk. Hard to be an alternative to that.

@spencerino2760 2 ай бұрын

Thanks for the reply, AK! @@A.Singaporean.Stocks.Investor. can't argue with that. I'm still new to reading annual reports so my first read I didn't understand everything, will do more research, but according to the report, their main moneymaker is pawnbroking services and the sale of jewellry. I guess you can't beat the sg banks with their safeguards and investor confidence, but like you said at their current valuation its only best to dip our toes in, not a sizeable investment until it comes down a bit more. Perhaps an in between sg banks and pawnbrokers would be financing companies like Sing Invest, or hong leong finance?

@jonong3277 2 ай бұрын

Thanks AK for talking to yourself about the confectionary product ... lolx😀

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@jonong3277 🍫🍫🍫

@jeffreychua9269 2 ай бұрын

it's all relative, for someone who has for example $1m to invest, he can take the risk with $20k

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@jeffreychua9269 🙊🙊🙊

@ywtan2930 2 ай бұрын

I am here learning

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@ywtan2930 👋👋

@Giulietta8642 2 ай бұрын

Thanks AK

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@Giulietta8642 👋👋

@kohkuanchien8935 2 ай бұрын

After hearing what you said, I’m thinking about transferring my money out. Could you make a video sharing your thoughts on bonds?

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@kohkuanchien8935 I have blogged about it before. singaporeanstocksinvestor.blogspot.com/2018/07/cpf-is-all-we-need-unless-we-are-very.html?m=1

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@kohkuanchien8935 And this singaporeanstocksinvestor.blogspot.com/2015/10/why-have-bonds-in-our-portfolio-and.html?m=1

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@kohkuanchien8935 Maybe this video... kzbin.info/www/bejne/kKamYmqHqc97hposi=FFMKRnVwKrKZNy4J

@richardparker1338 2 ай бұрын

AK has made numerous posts about laddering T-Bills. Lately he was talking about strengthening his ladder, even though interest rates have dropped a little.

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@richardparker1338 To be fair, I have been talking about strengthening the ladder ever since I started laddering. 😋 Even as yield declines, t bills are still relatively attractive when I look at other risk free alternatives 🙊

@ellapario6315 2 ай бұрын

Hello! Thanks for sharing your wise think-alongs. Can I ask what are your views on brokerage platforms like IBKR. How much safer is it than say local fintechs like syfe or endowus which also serve as brokerage houses. Any steps to reduce risk on IBKR. Thanks much for all your generous sharing.

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@ellapario6315 I keep it simple. When in doubt, I stay out.🙈 Don't have to risk what I need for what I don't need. 🤭

@bhtansg 2 ай бұрын

If it is too good to be true, it probably is.

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@bhtansg 🙊🙊🙊

@Huatgaobaydinchu 2 ай бұрын

moi hear Chocolate moi oledi turn off ... only know Chocolate every morning... sua la...

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@Huatgaobaydinchu 🤭🤭🤭

@rayne5368 2 ай бұрын

If these fintech can invest like AK, I will park my money in there.

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@rayne5368 🙊🙊🙊

@livelifefullest7659 2 ай бұрын

3hrs and u have 2k viewing that is really fast. 🎉

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@livelifefullest7659 😲😲😲

@KeithTan308 2 ай бұрын

Can you talk to yourself about bond funds ?

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@KeithTan308 I have talked to myself about bond funds before in the recent past. If you scroll down my video list, you should find them. 😊

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@KeithTan308 For example kzbin.info/www/bejne/nojNamNnlJWKoqMsi=JxodUEgXOtYAbpRl

@A.Singaporean.Stocks.Investor. 2 ай бұрын

@@KeithTan308 You might be interested in this blog I published a few years ago too singaporeanstocksinvestor.blogspot.com/2015/10/why-have-bonds-in-our-portfolio-and.html?m=1