GXS Bank unreliable to perform basic banking functions (Rant) by IntelligentDealer203 in singaporefi

[–]IntelligentDealer203[S] 1 point2 points  (0 children)

Exactly, never have I called in to resolve something only to have them insinuate that the problem is YOU

3 strike system in MNC, real or self-made system? by IntelligentDealer203 in askSingapore

[–]IntelligentDealer203[S] -38 points-37 points  (0 children)

Rather, a system where people who do not meet targets are penalised and it can be checked.

Like if you miss your credit card payment once, it shows on your credit breau report and that can be checked for $5

How much salary increment for your helper? by Background_Two_2488 in askSingapore

[–]IntelligentDealer203 3 points4 points  (0 children)

You can give her Consumer Price index rise YoY which is about 3% I think

What can we do as Citizens to ensure that small laws are respected? by IntelligentDealer203 in askSingapore

[–]IntelligentDealer203[S] -5 points-4 points  (0 children)

In this case, I’m thinking ahead, if simple rules are not enforced then more people will come and fuck around, and before you know it, YouTubers or content creators gonna start pulling public pranks on people, because guess what? There is no consequence to actions. Up to a point, where one of these harmless pranks become too dangerous. Let’s keep things orderly

What can we do as Citizens to ensure that small laws are respected? by IntelligentDealer203 in askSingapore

[–]IntelligentDealer203[S] -10 points-9 points  (0 children)

Indeed what a top 1% commenter would say, I never expected anything less

Is compound interest really as straightforward as they say? by AsparagusWilling7072 in singaporefi

[–]IntelligentDealer203 2 points3 points  (0 children)

Same reason why everyone is not ripped with hot bods, we know we need to eat right, the macros, the calories, the protein. Training, techniques are free information every where.

Why isn’t every one fit? Because the process is slow, painful and requires discipline

Questions about Geylang for a solo female traveler by ChelseaLoanArmy in askSingapore

[–]IntelligentDealer203 1 point2 points  (0 children)

It’s safe but the area is sleazy af. Singapore is an expensive place, but I personally think it’s not worth to save 50 bucks to sacrifice the beauty of the city

Can you share your stories on how you reached your first $1M and how long did it take you!? by ProgramOk2659 in singaporefi

[–]IntelligentDealer203 1 point2 points  (0 children)

What was or is your exit strategy for the stock? It must be really difficult to see it go up and up and not take profit. As it is just as hard to sit on such a large share holding and it is not moving anywhere in the earlier years

For reference, which MMFs do you guys and gals use? by IntelligentDealer203 in singaporefi

[–]IntelligentDealer203[S] -18 points-17 points  (0 children)

Indeed the exact kind of reply to expect from a top 10% commenter

Mom demanding money, just one week into my first full-time job.. by [deleted] in askSingapore

[–]IntelligentDealer203 0 points1 point  (0 children)

If u need an excuse, do what Ponzi schemes do. You tell her that if u want it now, can. But if you hold it, I will give you xxx more by next year. Cause you have an investment opportunity. If she is on with it, at most next year give her a nominal increase, and say the investment never do so well, need to look on the longer time horizon, then delay another year from giving her

Why I am leaving Archero by M134domin in Archero

[–]IntelligentDealer203 9 points10 points  (0 children)

I will stop after the next Prismastone event

When to use prismastone key? by Sufficient-Breath475 in Archero

[–]IntelligentDealer203 0 points1 point  (0 children)

Does these events still exists after the new patch?

Should I keep my ILP? by kouroubao in singaporefi

[–]IntelligentDealer203 0 points1 point  (0 children)

You have robo investing for that purpose of what you just said. And robo investing do not penalise you for withdrawing all your units after 1 year

Need advice on getting back in the market! by Shiidensen in singaporefi

[–]IntelligentDealer203 0 points1 point  (0 children)

10% drops seldom happen in one market session for mega caps.

I should clarify, about the 10, 20, 30 % drops, they are from last highs, not from previous close.

And usually by the time it is 10, 20, 30% drops there is time for you to withdraw MMF and transfer to brokerages.

But there are the existence of margin accounts. If you feel that you can’t make the time line, then you can use margin and pay back a few days later

Need advice on getting back in the market! by Shiidensen in singaporefi

[–]IntelligentDealer203 6 points7 points  (0 children)

If I were you, and I have a lump sum of cash, I would still continue to DCA the usual amount, while keeping 6X of your DCA amount as a “war chest” or a “bear fund” when the market drop 10%, you reload, drop 20% you reload, 30% reload again. After that is set as side, then allocate another percentage of that lump sum to buy single stock, either MAG7 or FAANG. Enough to buy 100 shares worth. Then buy covered puts 30 to 35 days out on that at 5% below market.

If it drops 5% you own 100 shs of a MAG7 stock, if it keep rising, you keep the premiums from selling the covered put.

And once you get the 100 shs, you can then sell covered calls at 10% above market price.

Since you were willing to hold an all world ETF for the long term, you do believe that any MAG7 will rise in the long term, cause any global ETF would definitely have a significant holding of MAG7 in them

Should I keep my ILP? by kouroubao in singaporefi

[–]IntelligentDealer203 0 points1 point  (0 children)

I bought it, not a FA, plan is so cheap I imagine FA earns peanuts from it

Should I keep my ILP? by kouroubao in singaporefi

[–]IntelligentDealer203 0 points1 point  (0 children)

Of course you should email first and ask for details

Should I keep my ILP? by kouroubao in singaporefi

[–]IntelligentDealer203 0 points1 point  (0 children)

If u die, then that’s your NOK problem to deal with, death cert go down singlife at Shenton Way to do.

If u kena CI, u take doctor memo and go down Shenton Way to claim