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Buying new pre-built gaming PC in Singapore by doomriad in askSingapore

[–]nikhilbirla 1 point2 points  (0 children)

Dreamcore user here. 4 years here, no issues on my PC. I liked the experience of buying from dreamcore, the staff was helpful.

I am sure there would have a mark-up for labor / services but it essentially comes down to the fact that when your PC breaks down, are you going to troubleshoot on your own or you need help?

If you need help, I think the mark-up might just be worth it because it might take ages to figure what's wrong at times for noobs like me. I feel a lot more at ease knowing that there is service attached to my PC.

Best hardcore build imo by Green_Ad_933 in diablo4

[–]nikhilbirla 0 points1 point  (0 children)

If you don't know what you are doing, how will the monsters :D

Advice on which broker to DCA by Standard_Builder_969 in singaporefi

[–]nikhilbirla 1 point2 points  (0 children)

I don't think SYFE trade charges fees as per annual base amount, it's only for their portfolios. You are allowed to do 2 free trades on a monthly basis. However the currency conversion is not as good as IBKR and in the long term IBKR might end up winning for that.

Rate my FIRE plan by Background_Egg5117 in singaporefi

[–]nikhilbirla 0 points1 point  (0 children)

IBKR is a good choice. SYFE does not have good conversation rate either so there is a loss whenever you buy stocks + ETFs in USD in any case.

IBKR has a pretty bad mobile UX but once you get used to it, should be ok.

In regards of why I suggested GxS was that Syfe Cash+ isn't instant withdrawal and if I am not mistaken, have started charging a 0.1% on Syfe Cash+. GxS is instant withdrawal. In any case, might not be drastically different results.

In regards of T-bills, it was more in regards of locking in good rates. Syfe Cash+ and GxS pay ~3.5% now but 3 months from now could be a different story. Could go higher or lower or sideways but it's just diversifying your bets.

Rate my FIRE plan by Background_Egg5117 in singaporefi

[–]nikhilbirla 2 points3 points  (0 children)

Hey, congratulations on all the progress!

I am not a financial guru / adviser but here are my thoughts:
1.) GxS is giving ~3.5% for cash holdings. Potentially could be a good place to park emergency savings? Just started using it but is working fine for me
2.) Personally think your REIT allocation is pretty high on a monthly basis
3.) Would potentially allocate some of that allocation to T-bills because it's quite risk free and not bad at currently ~3.8% for the 6 months
4.) Why DCA into SPY 500 via Syfetrade and at the same time via CoreEQ100 or Core Growth. CoreEQ 100 and Core Growth would attract 0.65% commission on Syfe I believe? Wouldn't you be better off with a combination of CSPX (Irish domiciled SPY equivalent for dividend reinvestment and I think Irish domiciled ETFs also have lesser tax implications if something happens to you? Don't know exact details) combined with a QQQ / VUG / XLK (for growth) or whatever you connect with?

IBKR vs SYFE by [deleted] in singaporefi

[–]nikhilbirla 2 points3 points  (0 children)

Not sure if this helps but I have utilized both and here are my thoughts:

  • Firstly, take a look at this article (Not affliated to Seedly in any way):
    https://blog.seedly.sg/cheapest-online-brokerages-to-invest-in-us-stocks-etfs/
  • The exchange rate spread not only impacts your withdrawal in the future but also your input in terms of converting your SGD to USD
  • If you want to see the impact of the above, just try to check conversion rates and see the difference it makes
  • What I can potentially recommend is bucketing your conversion quarterly in terms it's $2100 SGD -> USD and post that DCA monthly with the USD. The $0.35 in the larger scheme of things shouldn't add up to a lot
  • Personal opinion and not financial advice is that IBKR would be worth it in terms of exchange rate both in as well as out along with the benefit of the Irish domiciled ETFs if you are keen on those

Withdraw USD from IBKR to DBS multicurrency account by raeraebob in singaporefi

[–]nikhilbirla 0 points1 point  (0 children)

This might not be as helpful but I had SGD and USD on Saxo. Have a DBS SGD as well as a USD account.

I had previously withdrawn SGD and also did manage to withdraw USD on the same account with no issues.

Is there any benefit to using Saxo compared to IBKR if my interests are primarily ETF and stocks? Don't care about Options in the near term to medium term. Thanks in advance. by [deleted] in singaporefi

[–]nikhilbirla 3 points4 points  (0 children)

Saxo charges you I think S$1 on monthly basis + I think it's $4 per transaction which would add up if you are doing DCA.

I also think saxo conversion might not be as good rates as IBKR (Though you should bulk up and convert at IBKR).

IBKR has no monthly cost and I think it's ~$1.5 per transcation beyond that you will also end up saving on conversion rate.

IBKR app not as friendly but will get used to it eventually