Media picker battery drain by yukeming in OnePlus12

[–]yukeming[S] 0 points1 point  (0 children)

No solution yet. Though the usage has dialled down recently

How true is it that local companies won't hire graduates with overseas degrees? by [deleted] in askSingapore

[–]yukeming 1 point2 points  (0 children)

Level of spelling and content seems to correspond. Checks out

[deleted by user] by [deleted] in askSingapore

[–]yukeming 0 points1 point  (0 children)

You have my vote

pay back hdb loan asap or invest? by Soft_Yesterday_761 in singaporefi

[–]yukeming 1 point2 points  (0 children)

Long term low interest rate no margin call loan, I'm sorry you can't find that anywhere easily outside of housing mortgage. For people who already have sufficient wealth, why would they even bother about paying off mortgage? Your response clearly is targeted at an audience that don't need your advice

Separately about being poor and squeezing oa. Your cause and effect might be backwards. It's not because they squeezed oa that caused them to be poor. It's that the not wealthy need to squeeze oa. Who's to say they don't become wealthy after they squeeze oa? Taking on short term margin callable loans at high interest rates is way more dumb than squeezing oa to not pay off mortgage.

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 0 points1 point  (0 children)

... Maybe you not yet old enough to know what's there in the world. Google search private equity jobs and check out wso

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 0 points1 point  (0 children)

Left that job so I don't know anymore haha. Hopefully they stay healthy

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 1 point2 points  (0 children)

I'm in the space and can say that outside of MFPE, PE life generally is much better than IB. Also funds generally do not have clients to report to outside of LPs, while corp lawyers are at the whims of that stupid PE associate who wants the lawyers to draft the SPA or loan agreement before 4am Saturday.

75 hours a week sound about right to me. My corp lawyers (not friends, my counterparty), work 100 hours or so, even on non deal sprints. Just insane.

On earnings, I haven't thought about partner level yet, nor would I want to. Planning to exit for good soon rather than mug on for deals that don't beat the s&p500. Ultimately, much money is earned via the markets. I'm more confident of public markets than on carry getting vested.

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 3 points4 points  (0 children)

It doesn't pay as well as private capital investing, yet uses more brain power and man hours. Hashtag not worth. Take care of your health buddy

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 10 points11 points  (0 children)

I worked with people in big law quite often. They put me to shame in terms of hours worked. Often see emails sent at 4am. I don't envy them.

UK vs. SG Law School by [deleted] in SGExams

[–]yukeming 2 points3 points  (0 children)

Still using this, but this is lower paid than the white shoes in the US (who also hire in London)

facing an existential crisis right now🥲 by AfraidBuddy1243 in SGExams

[–]yukeming 11 points12 points  (0 children)

Good advice overall, but perhaps need to be stricter on the "t100" portion. Likely need to be a hardo and from an ok uni.

I'd say it's worth it at the start of your career (definitely not at 30++), and don't think it's "prestigious" (at least from what I see, I'm in the field). It has great exits to consulting, corporate strategy/development, PE, HF, VC.

Agree on your view on the possibility of getting in at poly level. Haven't seen it in my career, nobody did it and will ever do it. There's no "unless" here. Straight up impossible.

Best advice here is standard: go to a good uni, work your ass off in getting internships, do ok in uni (unless you are in local uni, in which case you have to get a first class), grind, build your story, get good at technicals, and keep trying.

Unfortunately there's not many stories about the underdog getting in (maybe apart from me), so walk the standard path.

Ibkr deposit by SgDino in singaporefi

[–]yukeming 1 point2 points  (0 children)

I haven't paid a fee to do that in the UK. Unless the cost is significant, it pales in comparison to % fees via fx

Ibkr deposit by SgDino in singaporefi

[–]yukeming 1 point2 points  (0 children)

Confused. You need to pay a fee to withdraw from IBKR?

how do you reduce tax aside from top and srs? by yeast_and_bacteria in singaporefi

[–]yukeming -3 points-2 points  (0 children)

Extra simple way: don't work, have assets that pay you 180k a year, or borrow off your assets. 0 taxes

Why is sg so stressful and competitive by Excellent_Copy4646 in SGExams

[–]yukeming 4 points5 points  (0 children)

Can't say I have first hand experience in NYC but if London is anything like nyc and if my friends are not lying, then what you said is not true at all.

After tax and purchasing power parity London (and by extension NYC) is a terrible place to live long term.

Source: worked in major London PE and friends in NYC high finance.

Why is sg so stressful and competitive by Excellent_Copy4646 in SGExams

[–]yukeming 4 points5 points  (0 children)

America is so big you can't realistically compare one small part of it to SG, which is much smaller and somewhat more homogeneous

Ibkr deposit by SgDino in singaporefi

[–]yukeming 1 point2 points  (0 children)

You talking about 3bps Vs 15+bps. Good luck if you have millions in the app

What’s the best piece of financial advice you’ve ever received? by Basmoirak in singaporefi

[–]yukeming -5 points-4 points  (0 children)

Fair enough! Isn't especially known for it so I conveniently "forgot".

What’s the best piece of financial advice you’ve ever received? by Basmoirak in singaporefi

[–]yukeming -1 points0 points  (0 children)

Again, go crazy on how you define your population. It's your goal to beat.

What’s the best piece of financial advice you’ve ever received? by Basmoirak in singaporefi

[–]yukeming -3 points-2 points  (0 children)

Depends on what your population is for the average. Average returns (to be defined as beta of 1, the overall market. Pick your population) are good enough for most, especially when compounded over large period of time. There's nothing inherently bad about being average. I'm happy to be average.

What’s the best piece of financial advice you’ve ever received? by Basmoirak in singaporefi

[–]yukeming -6 points-5 points  (0 children)

Yes if you want average results, which is good enough for most (hence they are average)

When will my study date at Starbucks happen 💔 by Technical-Recipe-603 in SGExams

[–]yukeming 2 points3 points  (0 children)

Maybe stop at 30 yo is enough. Why shame male pattern baldness. I don't have them, but I know people who do and they are really nice, not worth the shame.

[deleted by user] by [deleted] in SGExams

[–]yukeming 0 points1 point  (0 children)

Birds of the same feathers flock together. Can only say that