or the agent just throw you a plan then you buy the insurance, okay, but then would you would you like to have like the


would you like to have the like uh the the decision the freedom to to make to customise your own insurance plan, oh okay [orh] okay okay


what do you number eight what do you look out for insurance agent what question was uh insurance question when getting an insurance policy ah <P2>christine</P2> this one what will you ask the insurance agent number eight ,


, you think like, uh what kind of insurance you think number nine [orh] what kind of insurance you think suits us ah


suits our age under number nine, like we are both the same age right what kind of insurance suits uh it's essential lah it's a needs for people of my, okay oh


, why hospitalisation to you is important eh, Jialat


the okay okay then what uh, I also agree with you if if we are not very rich ah we should get ourself cover lah like the basic the the minimal lah the minimum uh especially hospitalisation plan is a must ah for every singaporean


and uh people who who's who live in singapore lah be it singaporean PR or any other like uh citizen they they should be cover a basic uh coverage of the hospitalisation plan ah so when go hospital we are hospitalised we don't need worry like as what


as what you say right <P2>christine</P2> (uh huh) who, who talking refresh the appen app ah, !aiyo! that one but it's


but it's under different address how ah that's why I need to check check with my insurance agent okay


[orh] <mandarin>可以:ke yi</mandarin> uh eh <P2>hen jie</P2> <mandarin>可以:ke yi</mandarin> pause <mandarin>一下:yi xia</mandarin> hor then <mandarin>等她回来:deng ta hui lai</mandarin> then <mandarin>再:zai</mandarin> continue <mandarin>那个:na ge</mandarin> one minute


why suddenly <mandarin>做么他的有:zuo me ta de you</mandarin> ya <P2>christine</P2> <mandarin>你:ni</mandarin> ah,


hello <P2>christine</P2> ah ya


hello


hello <P2>christine</P2> can or not


, (ppc)


[orh], [orh] okay sorry


I cannot I cannot contact her leh because the the phone is running the the appen so I cannot whatsapp her


okay okay I go over ah okay you hold on ah (ppc)


ya hello can hear can hear ya can ya ya okay


haven't haven't she haven't stopped, don't stop the appen


, what are your thoughts for the CPF uh what what are the your thoughts on CPF contribution


on now current CPF contribution like twenty percent is it a lot and the employer seventeen percent then never mind never mind you just you just listen you just uh, like hear what I say lah ya got got got at the checkbox ya


!walao!, where got so good to employer I'm employee ah have to deduct thirty percent monthly but employer contribute twenty percent also you mean to be fair and square ya I think like maybe


, ya I think the twenty percent for for my view I think twenty percent contribution, for employee is still reasonable but employer should up to I think now they already up to like, uh seventeen eighteen percent I didn't really go and calculate lah so I think like maybe twenty twenty percent [orh] to to make it easier lah like two zero two zero you know this year then do do you think uh everyone should own a credit card I think yes because sometimes we we don't have uh enough credit


every year so so not uh eh sorry not we don't have, enough like cash on cash on hand every month so we can like use our credit card then we can like pay back but, we we have to really


have to uh okay, then then we have to uh extend by three minutes then for the credit card issue everyone should own one ah so it's to like sometimes we overdraft then at least we have a credit card to like a spare credit card lah <P2>christine</P2> what what do you think about credit card ah do you think


uh one uh everyone should own a credit card like you should own,


ah ya, actually ya actually I, I agree with you because that's what I want to say lah like for future money use use future money then for urgency you know because sometimes we cannot make ends meets or sometimes we over spend on shopping or on expenses all these


uh then do you think uh then <P2>christine</P2> do you have the habit of saving, savings like having savings in your bank or save some money, but then how to how how how do you like ensure you can uh you can save like every month uh a certain amount every month


how do you, , !wah! earn one thousand, save five hundred I think that one is a oh example ah I think uh if I were to earn one thousand I I only can save two hundred it's like twenty percent twenty percent because it's


see ha I earn one thousand twenty percent contribute to CPF twenty percent saving then I only left with uh sixty percent then twenty percent give give your parents then only left with forty percent then for like your daily expenses all these, forty percent and some bills so I think the savings goals have to have lah but maybe the amount of the money saved every month will be like to me only like maybe twenty to the most twenty five percent I can save every month


but not every month I can save lah maybe like alternate months I'll tend to skip it then how about you eh <P2>christine</P2> you will save every month meh so promptly, in your bank like you you earn [orh] oh okay, (ppc)


then (ppc) then you think ya actually the you think the person important or not if the agent buying the policy selling you the why why is,


the reliability [lah] this [one] actually it's the reliability (mm) okay


negative experiences, !aiyo!


then okay


for me I think like for the travel one it's it's not an issue to me lah because I'm not the I'm not a person who like to travel a lot but I think the now that we have restriction to even malaysia ah, usually I don't travel to like I uh uh to very far country asia country but malaysia is like so near to us it's like our neighbouring country sometimes we just want to like uh like


don't want to always stay stuck in singapore just want to uh like maybe a staycation maybe to malaysia very nearby country but now we can't even go to so it's like very, uh it's like very like felt uh


felt some frustration ah we we we still can because due to think malaysia is a lot of like a lot of singaporean like to go malaysia because it's very near and the expenses is like is like uh


is is is uh is the expenses is like is like, uh half of it ya half of it because of the currency differences ah then we can uh have some good food and good food and


drink and buy some grocery eh not okay some grocery grocery maybe minimum or like some like more on like the essential lah like those toiletry all these or supermarket shopping


because singapore if you stay in a hotel in singapore it's very expensive then malaysia like we've we always stay one night three nights in malaysia , is equivalent to one night in you stay in singapore for like three star hotel like that the the the currency differences ah so that one really


ya felt felt quite upset lah cannot go to even the like nearest nearest country malaysia for a short like short trip get away like this COVID is really very like devastating but, also also like there's pros and cons ah


so also very very frustrating lah this COVID, then , , my my greater fear is like uh


actually okay no no uh uh about phobia lah phobia number fourteen phobia I have like the height phobia height height phobia and blood phobia, this two only ya other than that and also butterfly uh butterfly butterfly phobia because butterfly is from caterpillar I from young I don't like caterpillar and and


because always have like the caterpillar drop on my hands on my face on my hair so I'm like a bit like quite phobia about caterpillars then even even though butterfly looks cutes right better than caterpillar uh actually it won't claw on your hand like very like


make you like very like disgusting right ya but then it's still like but then I managed to overcome the butterfly uh the phobia lah, because I think !aiya! they are just butterfly they're just insect very colourful very nice mean no harm


ya so I just try lor at times from times to times then the height phobia, is like I don't know lah maybe like sometimes people are born with it like some some people they they cannot contain in a room for too long they have the cluster uh I don't how pronounce that one ah effect then the the one they they


or , then how you overcome it, !huh! you why why you didn't never overcome it how do you why you why you never !aiyo!,


so for me that time I go taiwan I cannot go to those like high like very high area I'll felt like very I'll felt like uneasy lah if you you know have you been to the hort park hort park they they have the


hort park is like very high it's like maybe uh six-storey high, ya maybe five to six-storey high then you can look through the the wooden planks then it's uh quite scary ah but I try to overcome it by by not looking down looking looking straight when I walk walk through the bridge ah ya and


, okay


, I think


like, last time, okay it's like, got one thing that made me very angry it's like <P2>christine</P2> under number three ya it's like when when I saw like


that made me very angry is like when I saw some bullies ah they they actually go and like go and like kick the kick the cat, and like pour, pour don't know what like chemical onto the cat then the cat have to like run run for her life when I was


young lah many many many more than ten years back that made me were angry and like it's like a a bunch of guy lah it's like different races in it, ya then I I think like why how come got this such a human being alive ah why they why don't why don't they being why aren't they put behind the jail ah for like torturing the weak and the small animals you know


the the cats they never offended them never offend them lah right why they want to like that treat the cat so that one I witnessed it and I very angry but I'm alone then then I just like eh I just like shout to them then I say what are you all doing then they just like heck care me then they just continue like pour don't know what chemical


like maybe transparent liquid don't know it's like what maybe don't know what thing lah liquid onto the cat, and like kick the cat then the cat is like being surrounded by like three or four four guys like that, not to mention the race ah but it's a mixed race ah ya so this one is like very cruel I think like the society ah shouldn't have all these idiots ah


ah , ya lah, and some they also like also like abuse dogs and cats right then why don't they go go back and abuse themself or their friend or someone they know or their own pets right


so <P2>christine</P2> you got you got any like uh recall a movie scene that make you too angry to watch or an event that made you very angry or any event or any event that made you very angry or anything that's disgust you


ya I know ah


to help them, oh oh I know


I I saw felt very,


then what is your what is your greater fears greatest fear <P2>christine</P2> greater fear, ya prevent app from pausing okay


greater fears oh it's your marriage ah okay okay this one don't go in depth,


okay , !wah! didn't know you watch like uh such a, uh such scary movie oh it's a scary movie or what


, oh


!aiyo! it's like I think this movie is a it's like quite quite a failure ah like that, for me when I watch a movie hor I remember one movie that I enjoy watching and I also like


and also very uh struggling ah because why it's the movie is just too good but then too gross and too disgusting and it's now just uh in the cinema for part two but I prefer the part one that one is a train to train to Busan ya train to Busan ya


ya the part one is really uh amazing ya it's it's really very good but then I felt like, I feel like I I always cover my eyes I don't want to watch because it's like too gross already those zombie the those zombie walking deads ah keep biting each other then infect like making that infection ya lah I mean like the the the scene the their make up


and it's like too I I felt like a bit like, uh a a a bit like too too uh scary lah too horrifying lah like maybe make me, ah


no I I cannot remember lah just I just uh I only can recall all the zombie like are chasing then they chase for the last train and they come over the train there then they closed the door then like the the last train all these then in the train


ya very memorable lah and also very scary ah make me feel like uh like like don't want to continue to watch ah but, but you cannot like do halfway mah, ya ya the part one very nice ya


and also make me and also make me very angry ah the the train to Busan that scene because the zombie keep like chasing and biting the innocents and your friend being infected then they they still like, they still don't want to admit it they still cover it with their clothing then after that like in in uh bite bite and bite and attack the


their friends then make them die die for nothing and injured and infected because they already know before that uh like a bit quite a bit quite angry lah, ya,


and he uh he got one he drive the the car right he drive away right then then all the zombie attack him right that one, ya that one, the the the the guy that is uh quite selfish lah he drove away then the zombie attack him ya that one serve him right ya


and, and also quite disgusting lah all the scenes like mix a mixture of feeling like anger frustration disgusted


ya and like and also like, uh, I think the incredible tales ah or every time I watch ah always give me uh like goosebump because uh too scary already then they they actually show some like


like, show some like story that you never know uh things that exist like this, and also


!aiyo!


, but I think the, the world ha the world needs like I think now the COVID ah is to remind the


those to, to remind the the whole world lah that like we we all really need to like, we need to like uh be more sensitive to our surrounding not say like and also our hygiene hygiene purpose ah for hygiene purpose like when you're sick you don't you don't like uh sit so close to others like safe distancing ya it's good to have


even if this COVID ended ah still must have like some like safe distancing issue uh concern ah they they own self should should like safe distance if they are sick or stay at home, then don't like touch touch their nose blow their nose and touch their eyes then touch here and there that then infected like infected the


the equipments then another person touch and get infected then like spread spread the virus for nothing right, so I think the world should improve on like the personal hygiene and also like be more considerate don't anyhow sneeze into the


uh sneeze into the air then without covering the mouth or blowing the nose you know those uncle at the coffeeshop or the lift sometimes you share ya then sometimes you you uh sometimes they actually urine in the lift then when you


when you enter the lift !walao! Jialat got uh like, a very foul smell like that and like ya, the hygiene ah have to upkeep lah then like the beaches like, you know on our like uh beach like


when you go to the beach like sand beach sea it's it's to like have like, clean beach and sand right then they just like anyhow pollute the sea throw litters into the sea and like at the, like at the


at the sand there the beach there the shore there ah, then ya and, because the plastic all these will also like make the, the, ya those like sea


living things in the sea ah like fishes all these, to die and like plastic lah ya, and, also like


I think something the the the world need to, improve lah more on it and also like there's one time I'm, I was like unable to really help the person all the way I only can help him like maybe uh three quarter of the way because there's a old uncle actually I also like a bit like frustrated lah because I see the old uncle is like


wheeling his his wheelchair ha then he's like uh a bit handicap but then no one helped him then I was like eating my medicine then I faster swallow my medicine then I asked the uncle where you want to go then he say want to go toilet then I just wheel him to #tiong bahru# market the handicap toilet but I was like in a rush then uncle was in the handicapped toilet in the gents toilet lah


we have to wheel uncle inside to the gents toilet then there's a handicapped toilet in in it then you have to like push him in then he he locked the door then after that he he he's like twenty minutes later haven't come out so I have to leave because I'm uh pressing for time


ha so a bit regret I cannot help him to all the way ah the uncle if I have the time I can wait for him ah but I have no uh not much time lah actually already rushing for time, ya okay


click already okay click already click already okay, then <mandarin>对:dui</mandarin> okay ya


positive experiences, oh <P2>christine</P2> you start lah <P2>christine</P2> you start lah <P2>christine</P2> you you must talk more me ah, uh describe a travel experiences that left you in wait ah okay I see which one I want to


uh, actually hor I I think I'm actually quite proud of having having this uh this skills or uh or ability lah I'm actually secretly proud of because usually my siblings ah <P2>christine</P2> can see me right


ya okay the the what ah, my siblings they all ah always misplace they misplace their things then they always ask eh uh where is my hairband where is my earpiece where is, my like uh water bottle then I always manage to find it for them eh I don't know why lah


it's like uh I think it's a, uh this one is not a skill lah but it's a it's a good ability lah you know like guessing game so I'm actually quite proud of this and then <P2>christine</P2> you leh what are you proud of secretly proud of having


ya, ya [loh] cannot imagine eh so so skinny still can give birth to three kids ah,


eh


okay, then for me it's like not bad ah you still do some donation ya you should like you have like too much of your soft toys already it's like very actually very space consuming ah you give it to the orphanage


someone who need it more than more than you do then it's it's also a very good like good uh, it's like feel uh feel very good lah doing good deeds then, my and as for me ha my travel experiences that left me in like very


happy moment ah and like an unforgettable one is like when last time I I travel, (ppc) sorry I think it's my second trip to taiwan, then one of my one of my friend one of my one of my like


one of my online friend he he he drove all the way from Kaohsiung to eh from Taipei to Kaohsiung because we stay at Airbnb in Kaohsiung then he drove all the way from Taipei six hours uh drove ah then he come to find us and bring us tour around taiwan so


that's my like the most awesome experience ah travel experience so far till now so, because then I I I felt like very I felt very like uh, uh like surprised and like , it's a bit like uh how to say ah it's like


it's like it's it's like a bit, like troublesome to him but he he don't see it that way then it's like my pleasure that my online friend uh, come all the way so far to find me then bring us to some of the like tourist attraction then bring us to like all the like uh good places like to see the like you know the


the the the what ah, on ya some of the famous attraction ah, like the, hot spots like thing then to the hill top then to have like some delicious barbecue food and beers that's that's what the taiwanese always do lah like barbecue with barbecue food with beer all these have to come hand in hand and was and my


and last time my biggest reward for I I, ever received uh uh for doing some awesome good deeds is like is like uh, it's like someone approach me and ask like interview me lah ask whether uh what am I doing then that time happens to be uh


I was like looking looking for like changing job in the midst lah while holding on to my to to my that time the current job then the the the boss actually his he happened to be the boss ah of the company then he asked me whether do uh am I interested to join his company


but then but then I turned down the reject lah, cause I because it's like, it's like uh, I think like uh, I think it's like not very good lah to accept the offer lah because I still like ya still with


my uh my that time that time that current company ah so we like already work for quite awhile then, , eh <P2>christine</P2> ah uh wait ah


, then what is your , what is your favourite activity to unwind and relax ah, ah your turn


to to make you happier lah so ya lah so do experience uh like very like uh like, a moment of happiness when you when you have your favourite chocolate , why ah why like kids like that oh Royce


ya Royce is uh very nice ya japan, they'll give you uh like, ya, ya uh uh ya the rush ah


then for me ah I will have a like uh the moment of happiness like the adrenaline uh, don't don't really know how to pronounce the the words ah under the number four lah the one it's like I will feel very happy after I swim ten laps ten to fifteen or twenty laps because I think that I I conquer I conquer my uh I not not say conquer lah like I


uh how how to say like I already accomplish ah uh I feel I feel more accomplished after after swimming for fifteen to twenty laps ya for within two hours then then every time when I go swimming cause uh actually I like swimming a lot


even though I have I injured my leg now I swim slower but never mind, I I still reach the the I still manage to finish the ten to fifteen or twenty laps depending on that day mood lah, so after swimming uh feel like very happy


because I actually like overcome overcome my difficulties ah in swimming, then because don't uh, don't swim as fast as uh last time lah because injured my leg, then this one uh


like now the the COVID like the global uncertainties now like COVID nineteen all these what makes you like more optimistic about the future


is there anything ah that make you like see the bright side of the future ah, after you will be me lah, yup


!wah! !wah! didn't know you're like so sensible person eh , okay , not bad ah ya the the things that you say ha it's like,


, ya of , ya so the so some something to be to be


glad for right the government still help actually they they're they compare to, quite fortunate actually ya cannot have like anything to to to be like to be like sad of or angry of like that


should be contented lah to ya to feel more ya lah to feel more contented then for me I also think like despite this uh COVID ah there's like, many a lot of uncertainties especially like jobs jobs are like unstable and now the and now there's like quite a lot of uh retrenchment


already have uh some retrenchment lah for the hospitalisation and the tourism board example MBS uh the first one is RWS, then follow by don't know which company then MBS maybe also going to to going to like cut a few uh uh uh like maybe a small percentage of the staff lah


then but then I think like the government also like do make plans they they actually, you uh have you been to the market recently the hawker centre or MRT do you do you happen to saw like they have the like job the job skill the future skill skill future the ambassador carrying uh like bag a poster then giving out the pamphlet


ya they ya they approach no they they actually the those like uh, I think the ya ya ya correct they they just uh, distribute the uh flyers then actually like okay lah they actually they, they provide some support and inform information to


like some maybe some some people they are not very IT savvy at at least they are aware of ah they they can still call or go online at least they are aware of lah, after with with the help of the pamphlet I think also that's also quite a good one and I think


also have to be like optimistic about the future ah for this now the for the COVID time now we can actually go and like upgrade our skill uh at the like E two I NTUC learning hub ya because now have uh like, slightly more time because most of people work from home and


hello ya , now have like more free time lah cause mostly work from home and like and also like have slightly more free time so can go and upgrade our skill at this moment so nothing to be pessimistic pessimistic about lah have to like stay optimistic so like


to be content lah lucky that we we we don't have any COVID right, like among among us we we, we are still safe not like some in like other hospital struggling right so just pray for them, then


then what do you think, uh wait ah I see which one ah


I think eh <P2>christine</P2> uh what makes you want to be alive ah (ppc), <P2>christine</P2> you there or not ya what


ya can can can can can hear can ya can


okay,


I think okay for for me ha what makes me uh want to be like, want to be alive ah is like when I I saw so many like unfortunate people around me like those like some of the people who suffer from


COVID they are still you know that time the news they they they actually show they film the those people at the hospital who suffer from COVID then they still like struggle to live so this makes me uh want to like , feel feel very contented lah because we we I never Kena any COVID mah right then people who who


who have COVID is still struggling to be alive eh struggle hard for their life fighting against the COVID so for me ha I think I'll I I have to really also do my do my part to like wash hand use hand hand sanitiser


more look after my hygiene and be more contented that we we are like fine without any diseases you know, unlike those some uh some COVID sufferer in the hospital , then what is the best surprise that you have ah


so far <P2>christine</P2> ya,


surprisingly (uh huh), with your kids ah uh refresh the the, app you got tap on the appen appen apps okay you tap on the appen apps uh to refresh every five minutes


then for me ah I think what is my my best surprise ah my, best surprise is like last time ah last time okay this one very quick one ah last time I I have I adopted a dog I think you know my dog I adopted him for eleven years he's like in when I was like


primary three in the morning he bite my he he come and like he he come and grab bite my umbrella, which my folded umbrella I put in NTUC plastic bag then after that in the afternoon I I do a very quick one in the afternoon then he he come down to he happened to walk past my void deck then me and my brother never bring keys then we are waiting for our parents to come back then the dog actually uh look very poor then we go and feed him some biscuit and drinks then after that


to my, pleasant surprise ah really is a unexpected surprise also best surprises until now ha for the whole lifetime I remember until now since primary three ah nineteen ninety year nineteen ninety three until until I had him until two zero zero four then he left me after eleven odd years


ya then he after after that day when I fed him biscuit and water he follow me all the way until eleven years later then he then one day one fine day he didn't he didn't come home lah but we we know maybe he he went to a better place so we


wish him all the best ah ya my, very loyal dog like maybe it's like uh, it's my best best friend in my previous life who knows so it's really a very best surprise ya the dog


all my friend say !wah! why your this dog follow you when you have this dog ya, so ever since after him I don't have any dogs already because I scared if one day if he were to come back then he saw that I have another dog then he will be very sad ya so this is the best surprise I've got in my whole lifetime it's my best surprise is him lah my dog


then ya and I also I also felt the luckiest because suddenly he's like a heaven drop he's uh he's like uh uh, a gold dropped from heaven you know dropped onto dropped onto me


ya I'm like gold gold stricken, ya then very , ya I feel very happy ever since ever since him I never I went to SPCA I went to action for dogs singapore A S don't know O S ASD action for dogs singapore and a few like farm but I never adopted any dog because I I felt like very guilty if he were to come back then he saw me have having another dog


so maybe it's also my loyalty to him lah also, to to like remembrance ah of my loyal dog then and also my I felt the luckiest and happiest with him for that eleven odd years even though it's not very long but it's not very short


(ppb) (mm), hello (ppl) <mandarin>再:zai</mandarin> tap <mandarin>那个:na ge</mandarin> ya (ppb)


part one financial related topic, so


I guess I can start so, since you are talking about investment products I guess we can, start with what investing actually even is before we talk about our own specifics I guess, so, I mean typically investment for us is


uh you know allocating some of our money with expectation of generating an income or profit and there are many different ways to invest you know uh technically even a business is counted as uh an investment and so are estates and real estate and assets and other things like that


so obviously the expectation of a return in the form of income or price appreciation with statistical significance is the core premise of investing uh essentially meaning that you know you are looking to get more money that we started with and


normally we hope to uh get an interest rate that is higher than that of the uh market inflation rate so that our money is growing instead of shrinking, the spectrum of assets in which uh we can invest is uh actually a very wide one and in all of these actually risk and return go hand in hand so normally low risk generally means low expected returns and high risk means high rate higher returns unless you'd have somehow found the jackpot where


you know you have low risk and high returns but usually people unable to do that so you know at the low rate low risk usually that's what certificates of deposit bonds, fixed income instrument things like that and the more risky things are stocks and equities and


stuff like that yeah there's yeah and crypto as well there's also uh ETH which are lower risk basically but we can talk about that later okay


okay sure


okay but I mean okay I mean but from what you have been talking about I think, to meet uh I like to, segregate the term investment and speculation so


uh what what what you have talked about is is mostly to me speculation because the amount of risks you are taking on is usually a lot higher than, everything else stuff ah I mean we've been talking about high risk assets anyway and, usually the holding period for your uh


for your stocks and uh assets are usually very short term right usually within a week or so you sell yeah, so I mean, and yeah and you're looking for high returns basically but uh for me uh at least personally since they've asked uh how long is your investment horizon and strategy


so for me I I have a mixed strategy actually so I have this only a small amount of my total funds that I'm investing in, in in in speculation stocks basically but even then it's in slightly, more uh


what's the word uh, more assured uh stocks directly so buy stock like facebook and all that or amazon when it was still rising rapidly that kind of thing, uh as for investment horizons so usually most of currently most of my money is uh stored away in either high uh


returns savings accounts or in, more uh much lower risk investments like uh ETFs and funds and bonds so ya so for example a lot of my money is


technically on forex but it's been shifted into ETFs, uh by under companies such as uh the vanguard ETF info tech uh and the Blackrock, uh china industries as well but did at least for ETFs the china industry is uh much higher risk because you know normally china we really don't know what's going on with their market yeah


so for direct stocks tradings I just use uh Standard Chartered because uh my bank account is in them


uh ya so that's my main uh savings account that's where the majority of my money is ya uh is is the account that I don't touch like any money personally it's only for investment purposes and yeah so but other than that


for the ETFs side I actually use this website called crystal, so crystal is uh it's a mixture of both uh Robo-adviser and also uh personal you know human advisers, so uh


basic basically I use them to get a head start on what ETFs were good at that time when I started investing and basically uh I chose them because they actually have a much, more favourable brokerage uh deals than any other company really at small amounts so


they actually don't even charge any uh fees or any such thing uh below fifty thousand USD, and you know since we're still students, no nothing no it it even when you're trading the only fees that is uh deducted is from Saxo Markets


because like Saxo Markets is what is being used to uh carry out the trades ya, but the platform itself has uh no commission or anything so it's it was a pretty good deal


yeah so I mean then for the second question uh risk appetite when it comes to investment and trading usually , my my uh risk appetite is definitely a lot more loss averse than yours I guess uh but that's also partially because


I am, I guess in a way trying to be more financially independent you know I I haven't really taken any money from my family since you know uh army so yeah I'm trying not, to lose my money !huh! so I I I go more for uh


uh slightly lower risk and slightly lower returns than you probably


is it automated


what what's your profit margin usually for the trades that go well


selling me the app , okay okay I'll look into it I guess cause I I'm actually looking into two more high risk as well so can grow the money, yeah definitely definitely


but it's I mean the profit margin can be way higher


so so I mean if you if you can lose up to twenty or thirty percent in one night does that mean you don't really diversify the stocks you buy that means you go like heavy on a few of them


okay trade currency as well


oh okay okay okay that ya


good I guess but yeah uh you know for me I'm generally just being more, averse than anything like I I would have to set aside time to get into this kind of things and I just really haven't gotten around to doing that


uh it really depends on which uh bond that you get for whatever you're uh invested in and at what time you really invest because uh like some of them can be as low as like, I mean some of them can honestly go in negative as well but usually the ones that I have invested in haven't really gone into negative since I've invested but


at least for vanguard uh the uh info info technology uh ETF it's risen I thinks about, twenty five percent already since uh it's, since the lowest point in uh march but that was basically taking advantage of uh the COVID pandemic


yeah the that's why the low risk is good because, for, for the good ETFs at least you know that they will rise back up no matter what happens after COVID unless humanity dies out, ya


, part three negative experiences, okay so uh no humor allowed so that that already throws out like half of my negative experiences in life at least


, so I we can start with the same format I guess we just ask either each other questions you can go first, oh oh keeps me awake at night


so that I actually have had like this kind of sleepless nights less lesser now than before but, uh, let's see what keeps me awake at night, uh it's not just one thing I guess it's it's always a mixture of many different things


you know uh I don't know how to articulate it properly but, at one time the simplest thing that kept me awake at night was like you know why am I alive kind of thing


as simple as that yeah yeah yeah basic basically a midlife existential crisis, uh yeah actually actually have like a episode of depression back in the day as well uh yeah so


but it it it I mean it it was depression it wasn't anxiety so it was a depressive mood rather than uh an anxious mode, so I guess it's it's it's not the kind where your your heart is beating very fast or your mind is racing kind of thing is is really the opposite where you know everything including you and the world seems like slowed down and then you just


end up staring at your ceiling and think about yeah just to think about life you know like what what is life like why am I here kind of thing, ya but at least nowadays I I don't really have that I I have mostly peaceful nights of sleep you know


ya need to have that sleep very important to maintain sanity as well and not go back down the, which is helpful of, being awake at night and thinking about life but yeah, but actually even then even though I said even though I talk about it as a negative experience you know going through at that point that it was definitely a negative experience but


having gone through it you know , it actually, it it helped me grow as a person lah even though it's not the best way to grow as a person but you know it it allowed me to think about a lot of things in life and I've actually able to reach


uh you know reach reach an answer that I was satisfied with even if it might not be satisfying to other people like you know at least for the meaning of life that like the conclusion I kind of reached was that, you know there's really no meaning to life it's just whatever you make of it so you know why not just have fun with life instead of thinking about moody things like what's the meaning of life


does that is that sufficient for you, okay ya ya that's uh that's fine, yeah uh it's okay it's only AI who's gonna listen to this


let me give you a, parts of the pressing question, , have you been heartbroken before


okay describe the time where you felt betrayed I think you will have that


including you or excluding you


it's important to have friends with, reason to take physics


yeah yeah they ask me, same question, well I mean it it you can ask me whatever you want you want me to answer it I can answer it


if this is kind of like the personal time session as well


okay so a time where we felt giving up, well you obviously already know about my past episodes so let's not talk about that , uh yeah but I mean that that wasn't really felt like giving I felt like I've been give up by then but


uh felt like giving up, actually ingenuously there have been a few times where I felt like that as well, the first one was actually it uh actually uh I think the main the main the time and university where I felt the most like giving up was really


about a year one year ago because you know uh one year ago we were doing uh, a rather, ya we were doing a rather difficult difficult physics physics module but not only that I was also doing uh in okay so basically like right before that I had taken a really difficult uh module in USB which is supposed to


help you to improve your writing lah but you know as, somebody who has been in STEM his entire life basically, it's it it was definitely tough lah you know thinking critically writing and all that uh but you know it's it's kind of what I signed up to uh join USB for


yeah to learn how to do that better and it's also the reason why you know I I took why I took it, junior college but, ya so it's like the that, previous semester had already broken me down a little bit you know because it was I was also overloading by a lot I think I was taking


uh, I think I was taking seven full modules, so it was it was really high high workload and then there's this semester came across and then all sudden you know we were thrown in this module where, uh, we we were already like one semester behind everyone else basically


uh so we really had to play catch up so, yeah uh the reason why I felt like giving up was that you know I I didn't really want to accept that, we we were unjustly thrown into that module kind of thing you know because we didn't have to take it before that and it just happened to be that we were unlucky ones


so ya so it it was kind of uh both a feeling of giving up and denial but, you know as the weeks went by


I eventually came to, what's the word, came to uh, I have actually realized lah that you know, I can't just give up like that and it's the problem is not gonna go away especially if I gave up it's just gonna become worse and worse


so, uh you know we really had to buckle down and really spend basically our entire semester on that one module lah like I mean you should knows have and have similar experiences, , uh so yeah it actually even even even after doing that the first time there were so many times during the semester like where I had on and off periods because of that module like there are times where I spend like


literally weeks on just that thing and then that beat and then and then be followed by weeks of me not touching that module again because I'm like, I need to focus on other things in life you know this thing is draining too much time yeah so it it was really a rollercoaster lah that semester end, I feel like


ya I I feel like it really drained uh drained me lah because I and the thing is right before that I have also just done a summer internship so I didn't really have any free time basically in the first two years of university and I was overloading every semester as well


so ya so that that that that got to me a bit lah basically, yeah I actually ended up dropping one of my, uh modules that semester because the module that I dropped basically was taking up the entire recess week


uh to go to indonesia for a field trip, and you know I I just felt that I couldn't afford it so, I I wanted to take that module but unfortunately I had to drop in the end lah yeah and now now that COVID has come around you know there's no chance to go back to indonesia anytime soon


yeah exactly so it it feels a bit, it feels a bit bad lah basically having given up at that point but I think it was still the right decision to make because, I felt like if I didn't do that I would have done significantly worse during the semester for that module


okay I'll go for a more personal one what is your most embarrassing moment


what in one of the injustices of the world that make you angry


it's it's still there it's still there


oh so he came he came from NUS


I guess you can ask me ya, yeah yeah yeah, I mean no no one is forced here to answer


what dream of mine, uh I guess I can answer it uh it's it's not really academic related so like uh uh uh not even job related because uh


you know at least in my job like, I've I've let myself be pretty open in on I'm I'm I'm pretty much spending my first three years of working life exploring anyway as you should, but yeah uh something that dies little everyday is actually more related to I guess personal fitness


so at least back in the day like you know before everything I I used to, uh basically be more of a regular gym bro kind of guy, yeah but, basically then I I got injuries


uh but okay the injuries didn't really stop me but I basically had, uh two two separate surgeries in the span of a they were one year apart basically and the recovery time for each time was three to six months, so basically what happen was that


in these two years right so it I was pretty much sedentary for two years almost, and and that really lead you know to me losing everything that I work for until then ah, and, you know after the first surgery I still did not tried to get back on track you know cause I I didn't know that I'll have to go for second one at that point it wasn't it wasn't a certainty


so I was trying to get my uh my life back in order and all that but, basically like after the second time like I basically became a couch potato and just became really lazy ya and, you know it it's always been the


it's always been one of those things that have nag nag at me every day you know like I I can you know I can always go back to that but you know I since then I've really tried many times, and I don't know I I feel like after those surgeries I really lost, the the


the willpower and the self discipline that part of me like the part that was ingrained in me after so long it already got completely erased because, I I have never lasted like longer than, two three months uh doing like full on serious, like recovery kind of thing to get back to like was


yeah so I guess that that's something that dies in me everyday because you know it is still something I think about like I still think now that you know I should be being more active and all that ya ya I should be more active and all that but yeah it it's become a bit of like a mind block as well for me in the way that uh


you know, you is like when when you start fresh again you you see it it is like to a lot of people it'd be they'll think it's stupid that's like you you go back to from you start from scratch again basically but


part two positive experiences, okay so asking about positive experiences in your life


is it about investment or is it just about anything in general or it's just anything in general, okay then do do you have anything to say first


oh okay but blue fin is so expensive,


as he did so would you have so you just have sushi basically and you spend a hundred dollars on that, for the shops okay, the shop owner must have been really happy though


ya even in japan a hundred dollars is not a small amount ya, actually ya one of my friends had a similar uh experience he when he went to japan actually,


he he also and he ended up in a fish market in in the morning at like six AM basically but he was there with a purpose lah he went there to hunt for the best uh catch he could find because you know that's that's the time when the fishermen are just coming back from, being out at sea so


uh he was trying to find the best fresh blue fin tuna he could find and, he ended up buying this I think, I can't remember I think it's like two point something kilogram blue fin tuna, and it cost him about a hundred and fifty dollars just for one fish


, yeah and he he he ended up he ended up eating that one fish only for like, lunch and dinner for the next like one week and he finish the whole like two point something kilograms of the fish in one in one some in like almost a bit more than one week


ya ya, so basically sushi multiple times a day every day, but yeah I mean it it is in his experience he said it's the same thing lah he said that the blue fin was so good he could just eat it by itself and, and and every time he'll eat it he he still enjoy like it will never become a bad thing for him


uh no I'm not too big on kids honestly


finding best doesn't have to be the most money,


I mean you don't have to tell him on


I guess is also like you know maybe a dad just didn't expect a gift so anything basically anything you gave him lah he really cherished cause is is the thought behind it that counts


I don't think it honestly I don't think it matters to him whether it's four bucks or like four hundred bucks I I think he'd be more mad at you if it costs four hundred bucks then four bucks, yeah , ya I mean it it's just sounds like one of those uh


experiences you know where the where the dad is is given like the mug with the number one dad written on it and then he uses is it all everyday kind of thing


sure uh you can you can ask me a question now I guess, is there a time when you laugh too hard


I mean the the one that comes to mind the most apparent one is actually quite old so, uh I think it was in like uh set two that's twenty eleven that's that's almost ten years ago but, , basically at at back then like uh I used to every every like holiday after school ended during the long holidays uh basically my family used to go back to india to visit my grandparents because both my


maternal and uh paternal grandparents used to live in india back then, uh ya so basically we were at the house and you know there we actually didn't even have like a wifi or anything like till the very end so


there were very few ways to entertain yourself as a as a secondary school child you know you get bored easily you know the only thing you have on hand is homework and which you don't wanna do, , so yeah so we we actually used to like uh watch TV to pass our time most of the most of the day basically because yeah not much to do


uh, so do do you know this show called the uh #shin chan# crayon #shin chan#, ya ya so so it's like a japanese uh kids' show, it's a japanese kids' show but


basically it used to air it it airs in india as well and it's quite famous there as well but, what what really made it funny was, I mean I guess it'd be breaking the rules of this uh chat with english only but in essence what what happened was that uh all all the episodes in india are dubbed with hindi


so you know sometimes it it it it gets quite you can even imagine yeah it gets quite comical how ya, so in in one of the episodes basically uh #shin chan# just said that, like I mean I'm translating the english but he basically like openly just said to somebody in the show that !wow! this guy


this guy sings like a, broken car or something you know, at at at least in hindi like the specific phrase he used is, is one of the how do you say uh less offensive vulgarities but just the way that it was said was


so funny that me and my brother basically burst out in laughter and it really didn't help that you know, but if you were basically forming a vicious cycle because like one person will stop laughing but the other person is still laughing then you look at them and then you continue laughing and then and then it just goes on and on yeah, ya


so ya dub dubs uh make for pretty funny time especially in india yeah, oh this one I think uh you have plenty of things to say so I'll ask you uh share a funny inside joke that you and your friends of group eh that a group of friends that still laugh about till today


, I know you have some in in ESP itself


quite random , yeah I mean that's what makes it funny I guess


nearly effect for appreciated tool, that's actually quite a difficult question I think cause, it requires COVID to have change something big for you but uh I guess uh


it is not really in singapore but at at least in the US like I like you know I I read a lot of international news specifically uh american news, so you know like unlike in singapore where the the COVID scenario is pretty tame and people generally understand how bad it is and so so they they they treated with with with caution and all that but at least in like


you know and US I'm I'm sure you have also watched like, or read plenty of stories about how uh all the clerks and uh basically store people and like baristas and all these are abused even worse in uh during COVID because people they're just refused to wear masks and still expect to be served and uh quote their first amendment rights and all this you know


so at least for me like I I already knew that uh you know this kind of service jobs are already pretty bad you know cause I I I worked in F&B for a while at first and I was like you know this is really not for me it's it's like it's really hard it's actually really hard work for how little money you get


and it it to me it really wasn't worth it lah but it it that that helped me to realize that, uh you know there's so many people that work this job as their full time job and they're using they're they're using it as their livelihood and without it they they will have no money to sustain themselves


so ya during COVID I guess uh it's not you only thankful but it's, uh and and even greater appreciation for such people you know yeah yeah, it's it's it boggles my mind how you know sometimes, people can quote the first amendment right and then just say that their rights are what matter but


other people's rights don't matter, yeah it's really crazy, actually talking about that nowadays do you see uh north carolina university closed down again, , ya they they open they open for the for this semester and I think within like two weeks they they already had a cluster of of coronavirus and they closed down again


yeah it is really pretty bad but I mean it just goes to show again how bad the case in america really is, so I guess also thankful to for having it relatively contained in singapore even though we had to go through circuit breaker and all that


yeah people generally did their part in singapore I think, although now now people are getting a bit complacent but I think it's kind of okay given that you have like, we have almost we're yeah they're single digit every day


but actually we we don't know who is asymptomatic, so we don't really know lah you know, yeah I guess that there's my answer for the coded


uh we have two minutes so I guess I can ask you one last question so, uh try not to find try not to ask you the boring questions, uh okay and there's no new question but !duh! !duh! !duh!


or do you have an answer for the first question or you want me to pick something else, , okay okay I see not not really helped by anyone,


I see I see okay, uh then what about the more generic one which is uh describe a fond memory you share with your loved ones oh nice unfortunate that's nice that's nice okay


yeah, , financial recording copy


okay


uh okay so let's talk about different let's talk about the high risk stuff


so yeah see ah, generally when you plan your risks how how exactly do you try to like how much do you risk and how much do you gain to profit so generally from what I understand the rule of thumb would be a twenty eighty


so for every twenty percent of your net financial uh stocks that you have invested you should be expecting a eighty percent gain so this generally how you try to invest ah so the on


what is your investment strategy right so whether you should buy high sell I mean buy low sell high right, so generally of course I yes this is a this is a strategy ah a lot of people use because it makes sense right you buy low and you sell high and you make a profit but usually these are


okay so with stocks maybe this is a bit more feasible but with, certain things are more volatile in nature for example crypto currency or forex this is not a this is not really advisable method because generally what happens is the markets is too unstable


so if you are to if you are to, buy while the trend line is going up then you do risk losing everything in just one night so, is usually what people do is they try to identify turning points in their graph so we generally call these areas where people expect turning points to be things like uh uh support resistance zones spread


so the way you try to trade is to identify your support resistance zones see where you expect uh, shift in the trend lines where the because generally support resistance zones right


they they tend to stay, constant in the sense that if it has if it was a turning point at one point of time then it it's more likely there will be a turning point again so generally that's how they try to invest in this sort of stuff you know


uh, they try to identify the regions where it will turn and then based on that once it, the graph reaches that region they will they look at it they will look at the trends and see if it's starting slow to down at the rate of uh


maybe uh, if the trend is more bullish or bearish that sense so by identifying these things and by identifying your support resistance zones, you should start drawing a trend lines and by drawing a trend lines you'll be able to of course as I mentioned like uh determine your turning points and try to buy and sell at the turning point itself so they can get the maximum profit


at the same time it also allows you to set a more realistic stop loss so you get to minimize your profit I mean minimize your losses as well


true so actually what what's the platform that you use what's the broker that you use generally for all these things


so I know sign up fees uh some that sort of stuff ah alright alright


the name's crystal right alright okay yeah


yeah alright, generally not really done a lot of low risk trading per se so I've been


most of my investment comes from forex actually uh like all mine is my experience so far so alright regarding the platform right I use this thing called oanda, so yeah it's uh


similarly yeah there's no like uh sign up fee or anything ah you don't have to top up a minimum amount, because certain can't really remember the name of the app the the platform right of the top my head but then a few of them right the really good ones at least uh with a lot of tools a lot of uh stuff and


I think uh, they call it robo trading is that yeah so is it, automated basically yeah automated trading so these things right they require you to, would pay about not pay but top up a minimum of ten K USD


to be able to join their platform and start trading some even go up to fifty K so that's not really it's not really uh friendly to us students here


yeah and of course I mean , I generally tend to have a lower attention span you know so I will I wouldn't really be


very bothered to check something over a span of weeks you know so I'd like to get my trades over and done very fast which is perfect for forex because, the market's usually pretty volatile and uh most of your trades are


open and close within within a week so, and as far as the profit and loss is concerned I the thing is this is a general rule of thumb that I've been following as I stated earlier ah which is the uh you risk twenty percent and you try to gain uh eighty percent


which , okay it works it works in a sense that you get to play more you get to risk more times and in a sense


because how do I put it essentially you are whatever you are losing right the amount that you are losing is much lesser than the amount that you stand to gain which is why generally


even though I do lose quite a fair number of uh trades I, it still make up for it with the ones that go well yeah, okay so usually the index I play with is uh zero point one


I'll start setting my stop losses, at a profit once it hits more than fifty percent of the expected profit ah


so that's generally what I do and then after that I just let the profit grow until it goes back down to stop, generally I'll try to play ah when I'm try to forex and of course


there's a whole bunch of tools that you should use ah whenever you are playing like there's the uh, they call it there's a regression tool thing and then there's the uh uh fibonacci tool also which is actually pretty useful so uh and there's generally a lot of tools and the thing about oanda which really makes me


which has made me stick with them ah is they, they have all these tools and they even have a phone app for you so when you are on the MRT or when you are out away from your computer you can just log in you can just check out your profits and everything and you can even open and close deals from your phone which is pretty good


so ya that's a lot yeah that's a pretty good app, absolutely it's good money but it it takes more time lah it's definitely more time consuming than just leaving your socks there


yeah absolutely I I think there was this one time I managed to make up uh


sixty percent on my net assets in just one night which was pretty yeah like I I had a sixty percent so, either with hundred sixty percent yeah I mean yeah which is which pretty good so it's that kind of thing but at the same time there's also been single nights where I lost about twenty percent thirty percent even which yeah


it happens ah so that's the that's the thing about high risk trading but of course I mean if, you try to use your tools and everything you are raising the probability that you will walk away with money ah if you are doing your trades properly like even if you try to do something like maybe buy low sell high it it's gonna be more likely that you will walk away with money


provided you play your stop losses and uh cut offs well ah essentially


well I mean generally right, usually for a lot of these stocks right because okay it's not really stocks per se when you talk about forex it's currency, so this thing ah when you


when you buy these uh pairs right these currency pairs they all, sort of interlinked because you know the world's interlinked, and usually when


a few of the big one change the other big guys change too and you wouldn't wanna play anything that isn't in, you can't really remember the group I think it's group, the group in all the basically it's just the big countries uh like the US japan UK all those I those pairs so generally when a single one of those countries like drop significantly the rest also will change quite significantly as well so


you would, you will lose money even if you try to diversify, when course ah I mean of it's possible that you could buy conflicting pairs you know like for example in one of the trades you you bet on the US and the other one you bet on you bet against the US so generally I try not to do that because I know for a fact that one of them is going to lose money one of them is gonna to


maybe gain money ya, so it doesn't really make much sense to do that if you are gambling you might as well go all the way right I mean, yeah it's and thankfully in a way yes uh high risk investment


it's a bit like gambling but it's a bit more informed in a sense that you know uh, you can control your odds in the sense ah you can make your odds better I mean of course even if there's like a one percent chance of failure there is the possibility you fail and you might lose your money but


all in all as long as you play your cards right you should be earning more than you are losing ah


alright so can I ask regarding your basically the the low risk trading options right how much profit margin are we looking at


the entire COVID situation ya so that actually that's an interesting point cause you see ah for example during the COVID situation ah it is a very bad time to be playing forex because, all these uh high risk investment options right they become so volatile right that you can't really make an informed decision


and at that point it just becomes purely gambling so, , absolutely yeah


(um) (ppo) (ppo)


that's good that's good


it's it's a bit much but alright yeah okay yeah


uh you can what's next uh, it's alright you can just shoot I'll try


not particularly but uh yeah let's let's skip that one, oh I have that uh, alright so let's talk about


actually lets talk about something in university itself ah so back when I first joined as a freshman right, uh


I have quite big dream and everything and uh I really wanted to go into physics despite being an engineer so I wanted to try and take a physics second major, right and uh


in engineering I mean it's it's physics not really a lot of people don't really want to do physics so the number of people who are trying to apply for this second major thing is really abysmal, and you know in our course I think there was only three people at this point who were really interested and uh excluding excluding sorry so around three or four lah


I would say so and there was this what one module that we have to take one of the uh year one modules ah so, I I took it with this uh this guy who was still is a pretty good friend of mine and this one classmate I used to go out ah so


uh the three of us was supposed to be, trying to go for the physics major and everything and uh we talked about it and stuff and it seems like all of us were pretty passionate in physics all of us were pretty passionate about what we're doing


but uh, as the time went by as the semesters went by right, we, kind of realize that the lady wasn't really putting in the due effort lah like her mind wasn't exactly on the subject itself and everything and she ended up how do I put it uh


essentially she she was the one who who had the biggest dreams actually sort of in the sense that she wanted to become a physics teacher she really wanted to oh, uh uh yeah she wanted to do stuff but then


fast forward to the exam day lah we're trying to call her we're trying to ask her eh where are you the exams about to start but she didn't like she wasn't there lah and, turns out she basically gave up and she she dropped everything she just didn't turn up for the exam she failed exam she failed the module in that way when


yeah it was really it's really disheartening moment for me and I really feel betrayed because, there isn't many people taking physics and having one of the three people and Masago suddenly drop out was a big load to my self-esteem and not really self-esteem sorry that's the wrong word to use like uh


not not reason I would have taken either ways it's more of I felt lonely if that explains it, properly yeah I I felt in that way I I guess I felt betrayed yeah


that was one of my biggest like it's not really much of a story per se but that was time I was most betrayed, alright shall I move on to the asking you alright describe a time which you felt betrayed


actually yeah it it kind of is the same question do you want me to try something else


we're wait wait sorry I I I I asked the wrong question now describe a time when you felt like giving up yeah, the same you know identical alright but ya so when you felt like giving up


I think I remember yeah it was a pretty stressful semester


!wow! okay, it's pretty heavy, it takes some a lot of the time and everything pretty much


alright oh thanks for the honest answer no really really uh okay ya you can ask me something I guess


honestly, to be very truthful about this I can't really think of anything that really strikes up cause I've done a lot of embarrassing things you know so, ya can you try another question maybe yeah apologies


racism I would say yeah so, at least I mean in singapore I we all are pretty nice multiracial country so you don't really get this


you know uh things happening, a lot of uh, you don't really see a lot of really racist people out there, but the thing is is still there of course it's there and I mean you can kind of tell like when people are being racist and everything but uh


generally it's still hasn't been that bad of course like there's differences like people and people do point out on differences and sometimes there is banter about this kind of stuff where people try to joke about race or religion it happens it still happens but I think


what really what I feel is, it's just it's just not right you know for in in especially different countries I in in the US for example cause I I had this muslim friend who uh during primary school right he came over to singapore because


but you know like at that period when we were in primary school uh nine eleven had just occurred and everything and it became a very high hostile place for these people everything so he came to singapore to and and he essentially


cause this this guy was my primary schoolmate and and uh he had to assimilate to a completely different culture completely different lifestyle and everything just because people decided to group one entire, race and religion to being evil or something which which was something that as a


as a primary school kid you couldn't really think much about it besides you like why why would something like this happen but as time goes by right it becomes more and more apparent that racism exists and


it is a problem that we will unfortunately face if we try to, perhaps go to some of the westernized countries because


ya like it's just there and sometimes it prevents you from being able to, step up and step up the ladder you know for promotions and stuff which isn't really a good thing ah so that's one of the injustices that I wish wouldn't exist ah


in a sense so they the world will be a bit more fairer and a bit more nicer, is that alright okay, ya okay okay


what dream of yours die a little with each passing day is this uh is this too harsh of a question to ask


okay


, alright


you should be working out you should be gymming trying to get in shape yeah


part two positive experiences


more of us should start first let's start with first question describe a time when you were helped by someone in your time of need so uh let's see


, it's really hard to think all this when okay but ya okay let me try to recall a positive experience with something like this okay let's get back to this question later let's talk about the best meal because I can definitely tell you the best meal I've ever had


uh Kure in japan so it's a port city quite near Hiroshima, and uh we we went into this uh


sushi shop which is just conveniently located somewhere outside the station somewhere outside the uh basically the one single station that the port city had and, it was like a corner shop where that one really a lot of customers or anything but went in there there was a chef preparing sushi and everything and


ya we sat down I blew about a hundred bucks at that corner shop and I have to tell you, blue fin tuna it is the best damn thing you ever taste


is worth is worth whenever you get the chance to get this kind of experience just just take it you know ya so, hands down I I can't really think of anything that was better so far for me as far as meals are concerned


pretty much pretty much and it's not even like at a restaurant or anything it was like one of those corner shops so, yeah it was a lot of sushi he was very happy


ya,


it's worth it it's worth


that's impressive oh okay


alright okay what is the best surprise or gift you have ever given someone


oh let me try to think well I mean if you are talking about the best gift or surprise like I mean money wise then there's not really much but if you are talking about


see about that but I I feel like this is one of those gifts that turned out to be a pretty good gift because this was when I was in secondary school I think so I was pretty


uh I was pretty broke not gonna to lie and uh I was trying to buy something for my dad's birthday but the thing is I couldn't really find, anything that could fit into my budget so I was just walking along the uh


mall you know and then I came to Daiso so I I stopped by Daiso and I was just like you know what let's go in there and grab like some drink or something but as I walked in there I just had this idea so uh alright buy buy something from Daiso for my parents so


I I spend a long time just looking, around and uh eventually I found the section where they have you know glass cups two dollar Daiso glass cups and so I took one of those cups and I went to the section with like gift wrappers and stuff and I found a really fancy looking box


and I realized that the glass fits in the box perfectly so I spend two dollars on the packaging for that box two dollars on the glass and when I gave, to my dad the gift he was very, he was taken aback because it looked fancy it really looked super fancy with the ribbon and everything on the box you know like !wow! like there must have been quite expensive cup and


I just didn't have the till this day I had I haven't had the guts to tell him you know the whole thing was four bucks, yeah and but and that's the thing and that's the thing like he has been using it even till this date like uh just this weekend he used it like in front of me for like the morning breakfast tea you know yeah which is which is like it's one of those gifts which


causes surprise for me it's not exactly the best gift I've given but it was a it was one that actually went the long way I mean compared to other gifts that I give people like sometimes I give them like a book or, something or like uh what else do I give generally it is catered to the person but then the guy will be like oh thanks and then you keep it for maybe like three or four days and then you never use it again sometimes you just never uses it right off the get go you know


ya so to have someone using the gift I think that counts as the best gift, what about you


or maybe he's just too nice to tell me that he knows that it's four bucks, , I think so too yeah


alright, let's try something so like you just pick a question at random and then like we just ask each other question


describe a time when you laugh too hard what made you laugh,


I think so yeah sounds familiar yeah


alright when the translation comes out yeah it doesn't really yeah,


true that's true oh that sounds nice yeah okay your turn shoot


!wow! uh okay let me try to think ya ya alright I think I have one so


there was this uh it was a pretty stressful, time for uh for me at that point of time because exam periods were coming up and everything so I remember me and my, my friends we were just sitting around studying just


quite near the lecture halls and stuff where a lot of the professors walked by so while we were studying , two of the professors walked by and they seem to be in a very lively uh discussion or perhaps even a heated debate


I'm I'm I'm not too sure so there was this uh there was this man who sounded russian I think and, he was talking about how uh we wouldn't know, because nobody knows the sheep nobody knows to sit sorry and then all of us will just like confused like why is this man so angry about this I why why why do we not know the sheep what what exactly do we not know the sheep of and ya we were we were just


so bamboozled because the guy the guy was, it just so happened right that the guy was trying to enter the lift and the second he entered the lift and just as the lift door close he just in a very loud voice said nobody knows the sheep you know and


all of us just like we sat around looking at each other and then we were like what the hell did we just witnessed like , okay that's nice and uh, so we started making fun of this one guy that we've never met in our lives and we started talking about how ya haha no one knows a sheep but turns out turns out fast forward maybe a week or so we realize that this man is a nobel laureate


and a week after nobel laurate and till this day I think every time we bring up this topic about sheeps yeah we can't help but giggle and stuff so !wah! it was quite a big


yeah, alright my turn I guess what can I ask you really


if I were to ask you describe a time where you took a risk and were rewarded a success you probably talk about forex or something again, so let's talk, about the COVID question so in the post COVID world who are you newly thankful or appreciative towards


yeah


, yeah they don't need to wear masks right


they just closed down !whoa! okay that's that's pretty bad


(hmm) so thankful to everyone alright pretty much pretty much, yeah I think the situations recovering sort of definitely


it's something else oh man ya ya, ya no lah I mean of course I have been held but it's just I can't really remember the time which would be significant enough for you know a discussion not off the top of my head ya


alright so fond memories that I shared with my loved ones, I guess I could talk about the time


me and my brother went uh we went to a mountainous region so it was our first time seeing snow and everything and uh, this memory for some reason it sticks out to me as at that time I was really angry but now it sticks to me as like uh one of those like happy moments in life you know like !hey! I got to experience this cause me and my brother the first time we saw snow we were oh yes time for a snowball fight so we start taking like chunks of snow and start chunking at each other and it just so happen that when he threw the ball at me right when he threw a ball of snow at me he threw a rock at me along with the cause he just he grabbed the whole bunch of snow and there was a rock in there so I got hit by a rock and and then I have to explain that my brother is about a few years younger than me so like maybe I think five or six years younger so there's a age gap and uh at that time he would have been barely like eight or nine and when he hit me with the rock and I I recoiled in pain and everything so uh he came up and tried to bribe me so that was one of my uh fondest memory actually alright yeah so we can finish the thing ya alright alright


part one financial-related topic, uh, okay so I I start first ah ah


okay glenn ah how do you invest your money to ah accumulate wealth


ya for me I think the fastest way to, err, accumulate wealth ah would be through, <B>, , but of, course ah usually you will need to have uh a sum of money first because err you need to


ah pay the deposit, ya, err, so still for the first first ah at least ten years you need to, ah what, in order to you need to have a regular income work at


in that, and save up on the, on the deposit so that you have money to buy properties lor but er you know last time is easier right, now I I find that it's getting harder to ah invest in property because of the AB


SD the additional ah buyer <B>, ah ah, otherwise I think it is a the best form of investment lah


especially in commercial, property (hmm), ah ya correct, especially in commercial <B>, the rate of a return is ah higher


(hmm), so now hopefully the government, will uh, change ah some of the there there are books law so that you will be easier to, purchase (hmm) ah


okay maybe I can share with you ah my, what my friend is doing lah for her is that ah she's using a lot of (ah), she feel that life insurance is a way <B>


so she bought a lot of a life insurance those with a cash value lah but I did tell her that, , actually I find that ah insurance the the return is not as high


as (hmm), as investing in yourself, right, because (hmm) ah, like recently I actually ah gave up some of my, ah <B>


I find that the surrender value, is, ah I've argued , product err the ah I ah the insurance ah I've been, err paying the premiums for more than twenty years so after that I'm getting like <B>


so I, actually surrender the policy for for <B>, but were if I were to calculate ah the amount of money that I put in


and, the cash value that I'm getting back after twenty years, it is really very little although it is still more than, the bank so, err but for my friend is that she still feel that err she feel safer


with ah the ah, putting her money in the insurance [loh]


err so what are the stocks or, or shares that you


but bank bank shares I heard that, is uh <B>, (hmm), ah the dollar value ya


all the eggs into one basket


bank interest are really very low, but zero point zero zero something right, uh interest rate uh yes uh ah ah ok


ah the same, same , , [orh] okay we were just talking about ah or you you mentioned about the blue chip


ah so do you think is a is the right time to invest in shares right now I mean with the COVID going on


!wah! you don't care whether er er the share is going up or down like you just basically put it for life long term is it


something that is able to fight the, err, inflation lah hor, because inflate ah inflation, is not do, two three percent hor


so you don't know how about insurance ah do you feel that it's a good way of investment


hospitalisation and surgical leh


ya I I totally agree with this you know that time , uh I have, my sister-in-law actually I went to the hospital with a, uh i think there's uh


she did a brain scan nowadays and has ah need to perform surgery on it so luckily she's, said that she bought ah ah H&S plan she did not as she she's not an advocate of ah an insurance so she actually the only plan that she has is the


H&S so it was very lucky everything was covered, covered for ya so she, ah and now she's well already so I also feel happy for her lah so she actually encourages all of us that


no, matter what, you have to ah park, uh some money ah for the H and, S ya (hmm) I think, government now they also, actually <B>


ya but a lot of people still have the misconception lah, talking about CPF


uh sometimes I also actually not not very very clear lah, can can we take up <B>, monthly out we can only withdraw after sixty five years old right


ya because, so at least we are given three choices lah not like what I heard from others that you know after sixty five then you can


, and the interest rate ah that CPF board games also is higher than fix deposit right I suppose


ah ok uh can <B>


the pollution is it you mean the pollution will affect the residents there lah


so the the company is not willing to put in so much money


for me, the don't really have much any the, don't have anything which I can think of lah


ya ya ya maybe okay I think than, ah maybe my, more of my daughters lah they, ask them to sleep early they don't sleep early always you know keep, keep ah


ah waking up at some times, see the always on the phone lah then ah, ah at night sleep very late so affect my my sleep as well


yes so some some sometimes ya I feel that you know when they when they are


(hmm), young that time with want them to grow up, faster, so that can be more independent but as they as they grow I think there's also another set of, of problem at different stages of their life we have different things to worry about


so, you know bringing up a child is really not easy lah, you know from young ah once you have them is that, you really will think of them until


the end and then now I know why ah some parents are but to tell their their children to nor quickly get married, ya, so that they will be relief of some of their, their worry


time when you were like heartbroken


!wah! that must be very very long time ago at least twenty years ago ah


myself ah, broken uh <B>, over my daughter lah I think , ya


ya now you know my daughter they are all ah, they are ah one, I have two daughters one ah sixteen and one, eighteen so ah both of them, well be having their ah


ah, GCE O and A level this year, to take note of their emotions a lot [loh], like sometimes they just don't feel like talking


or you know after a long day when you want to talk to them you feel that, eh like , they don't really want to talk, so sometimes feel err a bit sad lah that why are they like that (hmm) but I also understand that err maybe is uhthey have been


school for a long day and, and there probably are some, frustrations over they have some frustrations in their studies or or with their peers as well and just don't feel like talking so give them some space [loh]


and , recently my younger daughter actually ah, uh, invited are one of our friend over quite frequently ah


to our house, so the older one wasn't, very happy on days as well because err she feel <B>, ah her personal spaces is being compromised because of the of the friend


like you know she she wanted, to, ah use the, the, study room but because the ah younger daughters friend is here to, the study room so she has give up the study room for them so


in a way I hope I, have to manage both of, both of their uh, emotion and, ah make sure that I treat


ya like you ask them, ah ah whether they are coming back for, for lunch, ah sometimes you also don't get, err a reply there until last minute ah she came back already ask eh any food


so is like sometimes if you really want to pick up a fight ah we saying you I ask you you didn't tell me what, ah but !aiya! uh just


K lor what do you want to eat sometimes we cook already they don't want to eat or they only eat a litter and have a lot of leftover


every time also, try to compromise with each other lor, I think the more sticky one is my ah


ah my my younger younger one ah, ya because he she's always ah, playing games ah then ah, sometimes when she play her games is like you cannot even talk to her


because you she won't be answering you at all, the the the older one maybe because, older and err, more mature already, ah she was still share things with


me lah (hmm) (hmm) ah so ah, younger one sometimes the the friend come I think it's also better at least you know, ah can find out from


from her friend what she's doing and, in school because she she doesn't tell me mah, then I will gather from, gather gather info from the friend lor


ask my err, my girls to take, good care of themselves, remember to always eat and sleep well and, and (hmm), take care of their father as well because uh there are a lot of things that he doesn't know so


the girls must ah, must not think that you know because he's a man he knows everything but it's not not, true and the uh


and I I don't even mind if ah, she if he, can, finds, another companion, when I'm not, err around anymore


so that, err there is someone to take care


ya then I I will tell my younger one <B>, report to the father lor how, whereabouts and share share mores


things with the, the famliy, and not keep things to herself, anything, always discuss and don't feel, <B>


part two positive experiences, can you describe a time when you were helped by someone


ya I think you are also very ah lucky to have, the supportive uh, family and your siblings also, because (hmm), I realized that not many, not many ah family members ah are


closely knitted some, they don't really talk


I think they also trust you lah that's why, so that's why when you you have any Lobang you also share with them lor


and the loan is also not so easy to, get anymore right, they they check on a lot of stuffs


buying a residential property I think mostly is to stay lor not so much of, as a, err investment lah I mean if it can, it, ah if you can treat it as an investment


and, ah if I mean if you let's say there's investment value to wait ya then that's a bonus [loh] otherwise I think ah for, a residential property would be more of, to stay lah than anything else


K, so recently do you have any


so you you have not been taking beef for like many years last time, since you were born


oh ah what what kind of do you do do you do you have it in grill form or it's like #shabu shabu# or what


so they really slice it very thinly the that's why only you make me like a few seconds dip in the pot will di


oh so that time in japan it was a treat from the management lah right , , so melts in the mouth


then err, is there any, any time where you, , actually can't wait to attend a special event or concert


okay I I was asking whether ah is there any uh special event or concert that you can't wait to


that's why you also subscribe, to the, the channel right


I heard they change their manager right, like some time ago now who's their manager ah, are they still performing well I don't see them winning a lot of games leh these days


cried on TV right that time I think when they won the game and so, the telecast ya very


telling glenn to tap the phone , but they are are they still in the top ten now no more


this year ha oh okay seldom see their news <B>


laugh too hard


[orh] the political broadcasts [orh], oh trust you ya ya, ya very funny


I think if if if not for ah, for, ah her telling us ah we we do not know


ya and I I think also ah one something that I <B>, the way our daughters speak ah, is, is like how he speak in mandarin lor


like as in like, really direct translation and (um)


okay part one financial-related topic


uh yes for me err, to in order to have money ah firstly of course you have to work hard for it and uh importantly is err, err to invest in the education okay uh are also important thing is err to venture into


uh, business if possible uh when you have some time lookout for some part time jobs and things like that and of course uh more importantly is if uh you have more lobang ah okay can look into property investment which is a


most singaporeans are now doing right I mean looking into uh besides HDB err you know to, to purchase a second properties like, condo or commercial or industrial properties if if possible like this uh is the way uh I I choose my my my path lah for my wealth accumulation


ya for me if uh I have a chance I will sell it err to to buy other things like shares you know and other stocks and things like that ya to generate passive income


uh mainly I think the safest one will be the bank stock, err the bank shares I think err at this juncture err is, the safe at this point of time err singapore err bank shares err will generate due to the recent intervention from uh MBS like err otherwise you can the steadily generate about five over percent per annum


you know return of a dividends I faked it to me I find that is quite err a good a good, a good investment


high yes value ya, ya, parting to me I find it is worth to do best one of this part they that is my my opinion lah


and besides that of course err if possible, err get some other blue chips, okay, so some that ya they are listed in the SDX, STI index and things like that so some of the blue chips are worth to look at it for example or


err Mapletree you know so things like that lah can generate you know some pacific come that but always remember lah do not put your your so, called hard earned money in the that's true but there are also do not put money in the


uh in the bank uh, you have a miserable interest earned each year


uh I always feel that err of course err investing in, in such an environment that is up and down things like that lah but the to me I strongly believe in singapore bank mah so I took to play safe lah that that is the most important thing that's what I I uh feel so lah


yes correct correct for me it will be a long term and the my intention for it is to generate passive income so you know


ya, so my my, my aim is uh all stocks are to generate at least err five percent, of annual return and that to me I think is good enough


err investment of uh insurance I think is more towards protecting your health uh and your family in case err anything happen to you


err there's two insurance uh plan that I generally uh like and I actually encouraged everyone to have it at least ah of course first one is the, H&S there's one right another one (ppc) H&S is a


pretty important lah especially when err when we are, you know sick and things like that lah so at least surgical yes, yes, and next one of course is uh critical illness, ya so these are the two main thing err the basic cover that I will encourage everyone to have it lah and err for me I have these two which is uh uh you know properly covered


but I think err important thing is of course uh next uh come to think of theatre is the CPF ah well CPF is very important lah to, every one of us ah so but a lot of people actually do not like CPF right you know err


you know when they about to reach fifty five or things like that lah they actually wanted the government to, you know err, err release all amount to, to everyone things like that I think err that that's not, that, uh good lah so to me ya CPF investment is one of the


the the best lah, at at this juncture like you say just now we have MediSave okay and the in fact err some of the the insurance in fact we can use CPF to pay right that there is a amount that of course there's a cap onto it lah something like a six hundred per year things like that


you know so this is important especially when, when we are old ah err the CPF or play a very important role, ya [loh], I I I read the the two weeks of a right the two three weeks ago in the straits times are saying that the fact


uh, CPF is one of the best in the world right I think currently it's lying seven if I'm not wrong, okay so ya so so so generally speaking I'm glad lah I I can have, uh into it lah


uh no not true that's why I think a lot of people they do not understand fully on our CPF ah from what I know of is that uh when one reach fifty five years old


I think you have to set aside a certain amount lah I mean by the fifth by the year of fifty five one can decide lah in your account what err everyone has this ordinary account special account so once you reach fifty five er these two <B>


RA right you call that a retirement account and the and of course you have to make a decision lah, when you


ah fifty five years old or whether are you going to set how much of a plan for you ah for the next ten years so plan will be err you'll have to set what basic retirement sum there's a full retirement sum at the enhanced retirement sum lah


so which means that you if you have a if you intend to have a enhanced ah so your retirement account must have more than two hundred and seventy two hundred and seventy over thousand


and suppose if you have a three hundred thousand at the end of fifty five years err those balance you you are able to, err withdraw as cash, okay there's first one and of course if you feel that lah that's too much for you you want to have more cash out


one can choose err to have a full retirement sum then this full retirement sum as currently is about one hundred and eighty over thousand dollars okay so err balance amount you're able to


make a withdrawal lah that's why I feel so but of course I think majority, err who do not err have that much right the property due to the purchase of HDB or any other property err you can set aside the so called basic retirement sum lah


okay of uh like niney thousand things like that and uh but of course, (ppc), that will be a difference when you reach sixty five years old because err when you reach sixty five, on your first birthday err CPF board will


uh will give you, a certain amount of money, uh depending on, which err retirement err scheme you take up for example if you take out the basic retirement sum


during your fifty five years old you can withdraw eight hundred about eight hundred over dollars for for male lah about eight hundred dollars every month upon you hit sixty five your first birthday lah okay


so every month you will receive a hundred over dollars ah, until one pass away lah so if one set aside for retirement sum you'll be receiving thousand one to thousand two per month and of course the highest can go is about two thousand two to two thousand four per month


the one set, uh for the enhanced retirement sum so I've I personally feel that err by far possible if one do not, uh, need hard cash ah when you reach fifty five it is really strongly encouraged to leave full amount


to your retirement account lah because err I think, uh nothing can generate that huge the huge amount lah uh, a great return lah so to me I find err generally speaking as you ask me this morning is the best at this moment without any risk ah no risks involved will be our CPF lah okay so


as well ask me a lot of people don't understand who is it that government don't <B>


not true, ya but uh from what I know of is that I'm fifty three err err by now I I'll


err would have been the receiving a lot of err, emails and information ah on attending, uh, you know a CPF talk and things like that lah but I think due to, the, the current pandemic right the COVID nineteen are due due to this pandemic otherwise I think


uh, many people at my age ah I will be starting to attend the talks are to understand more about the CPF lah, ya


yes correct definitely even err currently ah err the ordinary account err we can enjoy or at least two point five percent for the first err for the first err thirty thousand lah, of the combined balance we in fact can earn


six percent you know of course first twenty thousand in the normal account can earn six person that's why I know of and err other than that special account and MediSave or four person so in fact I think, err we're talking about risk free ah this is one of the best ah okay err of course investing in stock market lah for example as I mentioned just now blue chips like


(uh) singapore banks and all that right, ya it still give you (err), they you still have some risk involved [lah]


err, yes err (ppc), I think this case happen err


(ppc), (ppc) about three years ago (ppc) two three years ago err ya I've been err working, for the past err twenty five years for (ppc) my previous company I'm in a MNC uh and I rather err passion in in my work ah so err


what happen is that we have this (ppc) relocation, (ppc), of factories are so these projects I'm one of the (ppc) person in charge of the (ppc) err environmental health and safety expect lah legal aspect of it


err, so I've been involving discussing (ppc) a lot with our government (ppc) especially err, (ppc), agencies like the NEA, you know uh JTC, err


and and so on (ppc) okay so err and this relocation is rather (ppc) critical for us lah because (ppc) the companies going to operate here for another (ppc) err, twenty five to thirty years of lease ah (ppc) so selections of the location is important (ppc) so (ppc) so (ppc) we have been selected


ah to be relocated and build a new factory in (ppc) somewhere in (ppc), ah this area lah (ppc), probably I would say Jurong area (ppc) and the but unfortunately it is quite, err not really extremely near but the (ppc) it is within a (ppc) err one


point five two two kilometre away from residents lah (ppc) so I'll be working for a couple of months ah (ppc) and now we are talking very hard (ppc) into all these planning and the uh bond discussions with the government things like that


(ppc) in order for us to relocate there and the to fully comply with err or, legislation or regulation, (ppc) err, (ppc) we decided that the certain, professors (ppc) ya ya it's always like ya


okay ya better now thanks okay K, ya thanks so, ya so due to


due to the above considerations for legal uh issues so we decided, our team ah decided to remove, err some of the critical processes, which err we feel that it may actually err


err uh, affect the environment lah and also the smell were actually affecting, err, surrounding area like residents in fact we have about two kilometer away we have also another err secondary schools


things like that lah, that that is a potential of err of it lah who are not saying that uh it will really affect but there is a potential so


for safety and health cause we try to eliminate if possible totally eliminate ah how to totally eliminate the hazard and risk is to remove the process totally so our, aim is actually to move it to


other country where other factories are up over that err other country it is in fact located in, industrial area lah and not really near to resident area like in singapore so what happen is ah our plan err was approved err


almost approved by the government things like that we are allowed to do all this thing however I think uh at it, , almost the end of the whole err project discussion uh surprised to hear from HQ that the


uh no, in japan ah they say that the sorry you know this is a critical process ah that, ah, that need to be produced in singapore lah, and uh bout that, we face a lot of difficulties in doing so err it can be done but of course we need to spend a lot a lot of money err you know to engineer it properly we need to install scrabble system and besides squabble system


err err, it is a a a pre-treatment lah for for for it lah, so and the cost and budget and all that err, err, too too too high lah too high costs for us to


to to make, to make it it happen here, ya correct ya so so we we have this budget okay and err


whereas uh we are not possible to work towards this budget lah in fact <B>


(ppc) so that that is a issue here err and real disappointed lah, ya, for for this case lah so I think, uh and, also because of that err, I decided to leave the company lah so because err to me err actually you would like to work to are retired you know so I think is quite sad to this area that is against my will like are you talking about this ah