yeah, [orh] durian plantation yeah lah didn't go as well because that was after ya the multiple, experiences that I had trying out new things right and then all these things don't work then there's a reason why these things don't work lah because there is no track record when there's nothing to track on


then where is your margin of safety no margin of safety lah you just flying in the air right so we only invest in things that has a good track record, where you can see past data where can see past results how they perform that's when you can look backwards then you can only see where you're going to


true, like you will do a that's why I don't go into IPOs already yeah


that that's that's why it is very risky to be an entrepreneur it's very risky to be your own boss you start something you put all your eggs into one basket right ya that's very, uh it takes a lot of guts ah to to stop whatever you are used to doing like you have a stable job then one day you decide I want to open a #char kway teow# stall right or not because apparently you can do pretty good


#char kway teow# lah but there there's so many things more to it, than, than just saying I'm I'm gonna pack up shop and then now I start something new right so ya lah


oh no, which is what I did as well I think we that's why we have the same interest


yeah


okay okay yeah


[orh] okay, ah alright alright alright


so you didn't do it in the end lah or what or you, [orh] right, yeah yeah yeah yeah yeah


okay okay I see


so never looked back since ah actually flying is a great experience ah, yeah what's that, oh ya okay


it's the experience you acquire from flying lah right you not so much like a frog in a well already you get to see what, you know the world has to offer then it gives you ideas, gives you perspective yeah so it's it's not so much , like how people would say it's a like a non-career kind of uh job it's it's it's an experience kind of job lah it's it's how you use the experience to your advantage


in in your future you know so not everything is by the book you know, people do different things, and they gain different experiences, so we can we should not ever judge anyone for doing what they do lah you never know what is it that you know the outcome that they are getting from it see yeah


at so at the end of the day lesson is uh to never give up lah right so life is a you know a a a whole it's a path of challenges that are


that's lying ahead you know, the best thing you can do for yourself is to keep on track lah the moment you give up then you're just gonna be wasting your life away right, you see so many people have wasted their lives away or they've not been very productive lah, you know but I guess it's because of our experiences lah before if if certain things didn't happen if my parents didn't get retrenched


if I was still happily living in that uh, mentality that you know I'm the only child and I should be, pampered and taken care of then I'll never be where I am today what it's because something happened and then that changed your outlook in life you know that money isn't easy to earn


you know you know that you can't just depend on, a single income to to get by and you need to adapt the, multiple sources of income uh concept lah by rich dad poor dad right Kiyosaki'S method, so that's that's something that could open up your mind lah


right to grow and and with growth then you can you know achieve your financial freedom yeah, uh I'm gonna meet my my friend later on lah with you know


you know how I am lah I'm still I'll discuss I'm still gonna continue to to have this discussion with my friend cause we are talking about stuff like that every day if it's not with you it's gonna be with someone else uh no he he he's he's, he's uh he's actually, somebody who who works in a very high post in one of the financial markets ah


ya so I I yeah yeah of course some some some day I want to bring you to meet him yeah he's he's got his own views and perspectives and outlooks on things yes, yup


part two positive experiences okay, I think I spoke too much already lah I think you should start


yeah, yeah yeah you did mention something like that with uh Jia Jia #jia ying# is it or


no but she also did cheerleading right I don't know we were we we talked about this once when we hung out so, ya anyways yeah back to your cheerleading


your passion ah, okay, uh how did you get into it in the first place


oh so you never had any experience and then you just went for the trial lah, [orh] you went there to pick up chicks ah, what was I what was I doing ah I was playing LAN games ah Counter Strike


ya, ya


yeah, everybody was into it ah, that was yeah probably one of the happiest moments in my life also right every day after school just look forward to to go and play LAN ya


yeah it was crazy lah we didn't study in school ah I don't know you did lah but I didn't study I don't know how I got my certs, all the way lah from secondary school we were playing already what, is it [orh]


okay, okay, okay so cheerleading and games lah what what else is there to it


oh where !wow! so touched ya I I would say the same for you lah bro we we really have, uh at least what seven eight years ah no lah maybe later a bit slight slightly later into our career


I engaged #jia ling# to manage my property back in two thousand sixteen right so that's when I met you ah, [orh] no no or maybe she was twenty eighteen okay no no then that means wrong that means I knew you even before her


we did a flight together is it, ah oh ya ya okay so the Zurich we met Zurich we met was during the world the world cup or was it euros euros right, so we had we had a we had a ya we had a poker game and then we had a cookout session


and then we bonded from there lah then from there then we realise actually we were quite close in batch what and and in years lah we are only about what a year apart, ya so then we met up and we had Popeyes at


downstairs the what's that Cathay Cathay right, you remember remember then I'll I'll I'll take out my paper and write notes then you is like !wah! you Sibeh Ons sia like we just hanging out ah why you're writing notes lor


right then, even another occasion also I met you in LA then we also hung out then we just like we could we ya ya we we always have things to talk about lah there will never be a time that we we run out of things to say so yeah I would agree that


uh we are friends because of that lah right because you can't be close to someone you can't converse with the person what, ya ya lah, you you know how I am lah I'm always very positive uh I'm I'm always into


creating and growing new, things ah right even from an an early stage although I didn't study I , you know over over time when you interact with people right and when you speak to them especially the guys from you know who are a bit more senior than you


yeah yeah I of course overseas when we organise uh Makan sessions then I will always invite the whole set, right because it's always you know it's it's like the culture that we we we do that


, we are flight crew lah by the way if you guys haven't already got figured out , so we have a lot of uh we have interaction lah when we are abroad you know we don't, always keep to ourselves we have time to bingo and this is the time that we get to share and make friends lah so during this kind of sessions


when we talk about the more serious things in life like you know money management and investing which is my forte lah like I've always been that guy, and they find that they are actually learning from me more than like than I'm learning from them lah so they are very yeah they're always quite impressed by my sharings and my thoughts


and on how the stock market works or even back then when I was doing FOREX trading right ya, okay ya that one all that we will talk about it during the negative uh


talk because I have some negative experiences I didn't go in that yeah lucky I didn't go in that yeah, you know there were so many things that I wanted to go in and there are so many things that I actually did go in and of, course some worked out well and some didn't lah but that's all just part of life, you got to experience certain things to know whether it works or not


and so, oh so the positive ones were okay lah property ya lah as long as at this point I'm not losing money there there's positive and negative when you buy property lah so, the idea of getting the property is because you are secured when you own a hard asset lah and at the same time you get to leverage from the bank see so I'm I'm always very positive on using leverage because I know that it will


be to my advantage lah if you use it properly if you buy the right thing right if you don't then you are more or less at a disadvantage so you must always have an, edge when you you go in lah but I bought it when I was pretty young lah so I was you know your first property you are just trying it out


you're not too sure but it's a good thing that I didn't go too heavy on it I I bought a one bedroom compared to if I would have bought a two bedroom right, then it will be, how do I put it I I got to commit uh ya my liability will be higher lah my mortgage definitely will be more


you know and there is always no guarantees to rental lah so you you the hindsight is ya very nicely you have your property rented out and you get your monthly rental your, you know it's a dividend play lah at the end of the day it's a leverage dividend play


uh but if you can't sell it if you're in need of money and you can't sell then it became a you you'll become a slave, to the property if instead of an asset becomes a liability right so uh basics again assets are things that gives you, you know income and liabilities are your things that does not lah yeah so it takes away income from you it takes your uh it's more like uh expense rather than an income you see


so the the the positive way to look out, you know for whatever you do in life is that as long as, there are more things going on for you in in terms doesn't have to be, just financially right can be anything as long as as you are doing things that makes you happy and it it gives you a


a a positive result and outcome, then you should continue and and and and and do those things and the things that do not work, cut them down lah cut them out from your life and not just things like people as well right there are a lot of negative, people around you you see so if you let the negativity influence you because as humans we are very prone


to be you know , we're very prone to want to be accepted we are very social creatures and the moment you feel that you don't fit in then it messes with your psychology already so people are always trying to please other people but sometimes you can't please everybody


right so so the best thing that you can do for yourself right is do what that whatever that makes you happy as long as you're not, cheating people as long as you're not bringing harm or ill to anybody I, think you should do whatever that makes you happy lah and and in in in return if you can give back to society


you can make you know, you can make a change with the things and knowledge that you have to share and offer then I think that is a step up for you in life already lah right


uh yeah there are many ways of course donating is is the easiest way lah to give money right is really the easiest thing to do what's, the tougher thing is to use your time to give back like uh I, just sign up for another uh give back uh sessions where we have to go down and pack food for the people at the old folks home ya I think you do that as well you do that as well so maybe we should do that together sometime but so I've got one coming up end of the month lah so that is a way of yeah


ya that's the, oh okay I I got to show you later because I oh shit I went to touch my phone, okay submit ah nothing I back to the first page lah ten minutes


submit ah, yeah, negative ah yeah, so we continue with this until it finishes lah okay okay I want to touch my phone to show him where I'm going to ah !aiya! I'm so I'm so natural to to just do that okay never mind we continue


ya we we so we are still on the positive uh things right okay so


yeah yeah be happy to yup yup, !wow! that's good


yeah, it's it's good to have all these new experiences lah I I get it man it's like I'm I'm very I I want to try to be a bit more open to to try new things also, cause we are so used to just doing what we used to right


then you're you're you're you're gonna always be, like frog in the well lah you know you don't you don't do anything else besides what you are comfortable doing so ya lah it's all part of of getting into new experiences yeah yeah yeah, and then recently I've been cycling more also lah so that's that's giving me


ya not really lah just you know from here to east coast and then maybe all the way to MBS and then back, yeah, remember I told you before I used to just do that all the way to Kallang I'll ride to Kallang to play football and I ride back from Bedok


yeah ya ya ya that's why I got really big calves I do my insanity yeah I try to still do it once a day, yeah yeah, we usually after wake up or before dinner ya so it's either morning or a evening thing lah depending


yeah, you gym at home or you you you go out for the you have weights right you have weights at home right


yeah I I think exercise is very important lah it gives you it not just uh you know trains the body it trains your mind as well right you're a bit more focused when you get your exercise in then you don't feel like such a a slob lah right when you don't exercise you feel very lethargic and then you can't get things done ah


so I think that's the difference now that we are not, flying we get a lot more time to get adjusted to our sleeping although we trade till the morning sometimes, but we we ya lah, oh ya but we can't we can't we I mean at this point actually we did try but


they still didn't allow us to book the the turf you see we yeah because you can only have what five what then how you play five two versus three yeah still cannot book the cage I can't book the cage, yeah yeah, nothing lah like we haven't done it we we only thought about doing it but we no no


oh okay, ya ya that means you randomly come together to play right, oh he yes that ah so we got discount code ah


okay depending on the returns lah bro if if you are making better returns sound yeah yeah, I think I it say that so later we'll talk more about startups ah because I've done a few startups and then not they they don't always work out well lah so it burned a lot of capital yeah so the best thing actually you you can do for yourself now is uh just stick to what works lah and so you are happy right so far with your trading progress


so yeah lah uh me me and rock we uh like I mentioned earlier we have a group and uh recently the group kind of grew even bigger right because I've uh incorporated more people who are


actively trading into the group so those new guys that are coming in they are actually quite active you know, yeah cause initially it was only just us and I was only reaching out to my friends so now I want to include uh people who are more involved in the live market so that they can also give back


and share with you guys who are starting right uh what is it really like to trade options lah and how is it is it different from trading stocks you see so you you get not just my opinion or my my point of view ya


yeah yeah so I I attend a lot of courses lah I've I've I've paid quite a bit of money for different courses but it it's to me it's always an investment lah right your investing not just covers your financials but it you you you have to invest in your knowledge and experience as well


so by paying for courses I think it's just an education lah you you people invest in education to get a cert right so for me it's just investing in in different courses to give you perspective lah on how people view uh different things especially in terms of investing which is my passion lah right


yeah, MoneyTree ya go the MoneyTree yes so again lah based based on the positive attributes right so always use your time wisely right use it on, and and and use it uh things you love you spend it with people that you love


your and then secondly your funds right you you you don't have to go crazy on it lah you the you preservation is more important than growth lah I would say if you are going to use all your money into something that doesn't work then, it's very difficult to recover from that kind of experience ya so so time money


and then education I spoke about that also right so invest in the things that, could uh you know give you that opportunity to grow uh in in terms of of you know uh your, your your education lah learn something new every day if you think something is interesting and you want to take it up doesn't have to be based on finances you can take it up right


can be on anything what can be whatever can be even cooking classes for example, ya then, oh ya bro thanks thanks for remembering, yeah, we can hang out lah bro I've not seen you actually in a long time I see you every day online but I don't see you person right because you stay so far


no lah I won't I won't go all the way there lah no no we meet in the middle lah we meet in town lor yeah, I mean I call her a cab lah but by the time I go back with her it'll be so late I wouldn't want to disturb you at that time right so ya


ya ya, actually we have a lot more interaction online than we do physical right because ever since we we've been doing this live trading thing, yeah, ya ya so that's the thing lah when you are put in that situation where you lose your your your income or you lose your job then you need a supplementary income which a lot of people sadly do not have


right and now depending so it's always good to, be be be prepared lah right you take the mentality into your trades as well you think everything is now nice and flying high the stock market is up but you never know when the next crash is coming right so that's why my philosophy on hedging is very important you know don't take it for granted that the stock market will be flying high every day you never know when is the next uh crash gonna come


so just be prepared lor so don't don't go crazy on the stock market, let's hope for the best lah, yeah


but but looking at the chart yeah I already show you lah the next high that they're testing is three three nine it's it's not very far you know it's about seven dollars more , once it breaks three three high then I don't know lah I don't know whether I should now I my my hedge my hedges are all losing money which is fine it's the idea of buying insurance right you you wouldn't don't mind paying insurance if you are still healthy and and alive what


you wouldn't want to receive that kind of payout right , oh ya rock you're into insurance ah yeah actually we didn't talk about that should give you some time to talk about your insurance, yeah


okay we are done, thank you, ding ding ding


part one, ~cial related topic, after me you know right so how was the


uh how's uh yesterday's night were you up, all night for closing, yeah that's right


speaking of green right I was reading on the news about SE so SE uh is, they games uh related company lah so basically they run Garena local company, and uh, I think those who play call of duty will be uh quite familiar with this as well or uh yeah but a


but apparently what I read was that they were like super inflated in terms of their value so, I'm not too sure how long this green will last, so so


yeah, yeah exactly, very speculative


yeah true, true true, ya I missed that boat ya you were telling me I was betting against it and ah apparently you won definitely


uh I mean options for me is relatively new still I'm still learning, so, if talking about stock I I do have also I mean it's mostly fundamentals for me for stock, so usually the same same ratios ah look at ROE first uh more than fifteen and then, debt to equity maybe less than one I also look at year on year ah year on year I'll if it's a good industry operated more than ten percent


and also uh P for me is, I mean, I think your teaching and my teaching different for for me personally less than nine forty yeah so, yeah for because uh because for me


for me when I look at uh because when I was playing stocks not options ah it's more towards a strong you know strong companies that established already, so for me it's more for capital gain slight capital gain just as long hit thirty percent I'm good, most of the tech stocks are considered growth stock lah so I'm not into that


uh that that category that that industry, ya for stock market definitely I'm more of a value investor but the short term, I I'm not like warren buffet you know go long hold until like Coca Cola, those kind, so as long as hit thirty percent I I'll exit more than twenty five I actually okay already I can exit already yeah


ya for thirty percent usual uh usually I see from my past records I think about two years to hit the thirty percent mark which is on average not too bad I mean consider fifteen percent if if we reuse in a layman way fifteen percent per year is not too bad


options wise uh it's really about volatility so now yeah all the things that I'm going to is with high volatility which is usually growth stocks and, uh things like you know uh Zoom is one uh


Netflix all these are considered as well cause they are all SAS companies so, yeah, so I will look on these things but of course their valuation is, very high so the the capital to going to buy a stock is different so that's why I play options options has a limited risk


definitely and you can, you can capitalise on it and the returns of options is more attractive as compared to stocks I think, ah exactly the strategy you you adopt must be careful lah you have to


well said, yeah because what I because what I just did recently you know we we were talking about TD american trade and you know commission is zero now so I actually pump in I actually sold some of my performing stocks in SGX and I'm channeling all the funds to TD american


so not too bad yeah, oh exactly yeah in fact even


and of course with Robinhood as well, yeah uh partly Robinhood also


I mean besides the TD american uh commission zero commission, Robinhood is one of the biggest corporate I guess, so many influx of uh, amateur traders coming in so yeah ya, uh let's see lah I'm just hoping for an entry point with such a green market you know there's not much of a entry point


that's right


I agree ah


oh that's right


yeah, well I believe they are picking up lah I mean uh, previously during our time ya not so much of a financial literacy but now I think there are initiatives going on lah so yup let's let's hope uh we goes in it goes in well in a good direction


uh you mentioned before about the rolling rollover strategy right so for not performing uh option position right, you actually rollover so now my


okay


agree, but uh coming back to rollover remember cause uh yeah, yeah you got the position ah yeah yeah no yeah I get what you mean


yup yup, yeah


so let's say for example uh, you self put and your position you're you're in the red because of your position, and, the thing is you okay if you're doing a rollover you're actually closing the actual the the current position and then creating a new position right, all in one trade right so


so what, it's like a rollover of your okay is you're try you're trying to create a new position of the sell put let's say for example you're collecting the premium to cover up the premium lost in your previous close close position


but given given the second position because it's it your first position is in the red already likely the premium you are collecting from the second transaction, you will not be collecting as much premium already right


yeah it's, ya it hits a limit it hits a limit of the price mah I see


okay okay, yeah, yeah


but it it, it then in such a case every, is it true that every single position can be rollover I mean if let's say yeah


that is using that's using time in your side lah as a seller yeah, or if the stocks just go bust yeah, that's it right yeah


for differences yeah


yeah


to options yeah, so I believe you are still holding some stocks right, for yourself, SGX bank one lah I suppose


REITs, sets is terrible now, yeah cause yeah yeah


ah banks are not paying too well now dividends everybody is exiting, yeah you're correct


but doesn't mean you are not checking you're signing off your sets especially for sets ah I think they're doing very badly this year, ah a small amount a small position lah so okay


uh my, yeah understood understood yeah if not you can actually do, dollar-cost averaging lah but you're not interested in the, stocks now so, so yeah


yeah, true yeah especially technical analysis is like you know the the moment you study prices and of course with your fundamentals it's not into know you trading will not be like gambling at all already


cause you're doing your homework and you have uh projected probabilities and you know how how well this, how well this company is doing, internally, !wow!


okay lah for me I think there is a take lah you it's either you are recreation gambler you are professional gambler you know you know, professional, yeah exactly exactly exactly exactly exactly


yeah yeah, I have I have no time I have no timestamp


part three, negative experiences (ppc), what negative !hais! you know my relationship lah


yeah quite a bit right, so in relationship ya ya exactly so, okay lah but I'm okay lah but then again uh, nothing much to share also lah it's just all negative stuff but I I did not tell you uh


so after this I was, I'm I actually rushing off so what happened was uh, uh yesterday I visited my aunt I'm just diverting from relationship ah so my my father side ah so I think uh she was supposed to go for heart valve surgery


so that was like she has actually two, heart valve that is having issue that are having issue lah, so COVID period she her, her surgery actually postponed so they actually did during july it was supposed to be a medium to


medium lah risk uh surgery, but after that ah what happened was there was a lot of complications so we heard about it but uh we did not thought it were so severe, and then there was news about, doctor have having to amputate her leg


yeah that was last week so yesterday we finally managed as a family to get some time together go down then realised from the two daughters that my aunt has ah uh, in fact my uncle actually passed away two years ago, so


and then after that followed by the, I think the one of the granny lah then now, today we just heard news that uh, doctors say may not be able to make it already, it was quite severe already cause after her surgery right all sorts of complication like liver


kidneys everything yeah, so !wah! it was quite, taken aback ah we were all quite taken aback lah I did not know there was so much complication so now the daughters yesterday actually ask us, uh, to me lah that the doctor mentioned that uh


her small intestine is failing also, so, yesterday night they were supposed to make a decision, to you know to put, her through surgery which may only have ten percent chance of survival, or or


or yeah or just let it be but the toxic inside the small intestine, may also cause her death lah eventually and then this morning the news was like doctor say cannot make it through the midnight already, yeah to so that's why it was like


yeah it was I mean for me because I was never really close to them but uh, you know as a family I think still very important lah to show some emotional support so I was there and then uh later I will be rushing off lah to to meet the two daughters, in fact I sympathised with the two daughters ah cause


both of them no no, they they are married but they they are mothers they just they have a, the elder one has two kids I mean oldest I mean the two kids that she has is only, maybe like, four years old at kindergarten, or so, so they are busy the other one is only like maybe two years old


so now they gonna you know run back and forth, !hais! not easy lah, really I think health in know as you age ah health is really important it's so unpredictable , quite sad lah


ya so many sad case lately and then uh you know <mandarin>陈大哥:chen da ge</mandarin> you remember the Taipei, driver, I'm quite close to him one but you heard about him right I always keep in touch with him so, ya ya ya ya ya so he will


always buy bubble tea for right, oh he went into a coma he's, I think he's a vegetarian it's been three years already so since he started I mean since he was, hospitalised ah I think I visited him three times or four times yup


uh I try to I try to lah if I have Taipei flight I will go so yeah he actually changed like a few times already hospital, okay so I only know about his family uh after he, got admitted into the hospital lah


so apparently he has like three sisters all younger than, him younger sisters, so the issue is, uh his sisters is holding on to him okay his his uh family side ah meaning to say his wife side ah


actually wanted to let him go, he's not very close with the his own son and he's uh I think his wife also maybe quite jealous about the all the stewardess ah always, visiting yeah so yeah ya lah


so so so I did keep in contact with the sister lah then uh yeah the sister mention to me about his condition lah, ah the last the last I see him was before I think last year lah at least his eyes are open lah, but he's you know but he's not in shape lah definitely not lah yeah most unfortunate lah yeah


yeah yup definitely, !hais! so how about yourself any negative experiences lately


[orh] ya the outlook it look the outlook looks better definitely


it's okay lah startup is like that lah I guess, for me also uh share with me eh how the the startups that you have besides your tuition one, yeah yeah yeah


oh yeah oh yeah yeah yeah I remember you are the one that did the food app business right


programmer yup yup


so now the problem you feel that is the quality of your merchants that, were were not doing too yeah, yeah it's hard to penetrate it's hard to penetrate I agree


a niche ah


yeah exactly, so that was one and uh, I guess part of the problem was the merchants ah besides that eh any other problem within with this startup


how, how many partners you have, so all were based overseas


it's too fast expand, yeah, ah nice


in the food industry, uh I agree I agree


I agree it's always for me it's always about the team, more than the idea itself the team plays the most important part


a mentor yeah


broken ship, oh brokership alright alright, yeah, yeah just by transaction only


yeah correct yup


I agree, don't go in blind lah don't go in blind lah, and not knowing what yeah don't know anything exactly this is going blind


so speaking of the durian plantation earlier


thank god you didn't go man


I mean if you are investor in terms of if you're the trader lah trader is in this this mindset lah this mindset frame but of course if you are a startup or you're a entrepreneur it's you know, do or break only lah and the mindset have to tweak ah


yeah, yeah, there's more than the yup exactly


yeah I agree I also have my fair share lah like uh after I graduated so I actually did a minor in entrepreneurship did I mention to you


oh so I actually uh we we have same interest because of we are startup ah end up that now investing, so my minor in entrepreneurship I mean I ran quite a few ventures over the years so, the first one I think was during the minor itself so it was more like tryvertising concept but that that


venture taught me greed lah because we were very greedy so what happened was uh tryvertising concept is a marketing, uh method, so you let people test out food like you know in supermarket they let you test the food sample the food and then uh you you sort of buy them uh sell convince them to buy


so we actually copy this concept tryvertising uh from this uh this lady who does uh cosmetic tryvertising, so she will get small small samples from, big companies Loreal all these and then they will she will give out free hoping that uh she can collect a membership fee and then you know create some marketing traction for the big companies


we did we did this for snacks and we, we actually look into uh cocoa trees you know cocoa trees right, all the chocolates, so back then we were students lah so we have a we have a vantage point, and say eh !wah! we are students ah and we want I think your snacks will fit well into the campus especially when people are like you know just studying and then they need something to munch on we did that and uh apparently we want to create a fest for them


and uh we were too greedy we charge them management fee location fee all this thing, and then they say okay we'll wire the cheque to your school, so so, when they say that we were like oh, oh no, school's gonna find out that we are charging a location that we actually got entitled for free we are gonna be headache yeah so so that venture was flop lah and then


eventually we all graduated because we were in the final year, we we we we, in in the end what happened was that eh uh we tell them okay uh the school decided to pull out from that because we know we're gonna bad we gonna be screwed then uh


then we say uh why not we can help you in your campaign so we end up in the malls ah, taking their location we charge we just do the tryvertising lah getting yeah, but then we did not go on lah because you know we were all too greedy and then uh, after that when we graduate most of them wanted a job mah stability


so the team is important definitely I agree with that and then when I, before I entered uh the side, I was doing uh sports as well sports events management, so there was a uprise in sports events just, when before the OCBC arena opens ah


uh I got two partners uh we wanted to run sports camp, and there's uh eventually what happened was uh, the other two partners were not in agreement with each other lah and then


they pull out lah we did run one or two events uh but for small time tuition enrichment workshop uh contractors ah, so we got them all together and then uh run a program, but after that that was it lah then that's when I


joined flying and then, yeah that's why because when I venture into Thirst mah do you know Thirst, my F F and B uh venture yeah yeah your one that's where I copy from the analyse what the different drinks from different


places around the world then coupled with, food yeah, yeah on what is lacking exactly


agree, yup yeah


agree yeah so yeah couple of them, but okay lah I think guess uh all these startup shape us the way we are right now lah got to where we are


okay alright so what you're up to later


stock option ah options ah, ah intro leh intro leh then I can start, yeah nice


part two positive experiences, eh after you


!wah! positive experiences !wow! okay uh, I guess a few positive experiences that I have was uh maybe talk about my life lah I mean, I mean heart to heart talk with you lah, yeah you know did you know I was a cheerleader back then


in cheerleader, ah really ah no lah #jia ling# is not ah #jia ling# is not my poly friend yes, she did ah I didn't know that have you catch up with her


ya lah so those are I mean cheerleading was one of my, positive experience not not really passion I actually did not wanted to join I was more of a skater boy back then, until my coach uh cheerleading coach was like eh I need your help for national team you know uh


how did I get into it ah it was easy lah because they need guys anyway cheerleading, I no I was never a yeah it was more for the girls lah then I went for it then my friend ya lah of course back in the days but I was never really like


in involved in it lah oh really, !wah! not too bad Counter Strike yeah for some reason I feel the Singapore eh LAN game, uh talking about SE ah chill, somehow the Singapore LAN game uh uh industry ah actually shaped SE into what it is today


cause Garena is you know Garena right last time we have Garena yeah during, so I think our LAN game were culture was very strong, not too bad !wah! then, listed in IPO exactly exactly !wow!


!wah! so on ah you, that was in poly or in in, !wah! secondary school I was a good boy lah I study only ah ah poly ya lah poly poly also partly cheerleading lah so after that was like yeah if I hang out then I go LAN


uh StarCraft StarCraft StarCraft was like !wah! the big big thing in Counter Strike back then, and Dota lah Dota, ah then after that gym lor nothing much already ah, gym gym gym and paintball also I was in paintball for industry for like one year also was into competitive as well


and then ya lah met you in the not bad lah you're one of my positive experience bro, eh how long we met already ah, no leh no maybe later


which was when uh I'm quite I cannot remember when was the first time I fly with you, !huh! she meh she you what no


yeah, we I the last memory I can recall was Zurich, but before Zurich eh


not too sure I know we gamble lah, yeah, yeah yeah oh yeah coupon sessions , one year yeah one year difference


Popeyes when was that, oh oh ya ya ya ya ya ya ya ya ya yes yes yes yes yes yes yes yes yes


ah ah ah yeah I remember already yes that was yeah, yeah most of the time was cooper session eh it was so enjoyable yeah yeah exactly


yeah totally, definitely I totally agree


so what so how did you meet friends with so many and uh and the chips, like all through flight one by one ah, you join the accession lah you must have to join the accession lah if not


he invited you over, yeah, ah okay courteous uh yeah


figure out


yup true, really


I were you the one who Jio me for uh, the durian plantation, no no as in as in, no but you invested or not I


ah thank god you didn't, ah thank god, ah that's part of life yeah exactly, so what was your what was the biggest risk that you took and it rewarded rewarded you the most property


yeah


liability already yeah


yeah, yeah


that's true


I agree


yeah, speaking of which of uh giving back to society I think you have a different point of view, from me right yours is more like donating money and then a a lump sum that will be


one of the, one of the way you would like to contribute ah, for me I think yeah, yeah


yeah I usually I enjoy those yeah yeah, where where where you heading to what, oh my I'm going to I think #tang guan# ah I think one of the hot alright no worries no worries


it's


just stay there, yeah yeah that's right that's right, it's okay lah it's okay


yeah I understand I got it yup, yup yup that's right, yeah so I'm doing one lah so usually I will do once a month ah definitely so, but COVID period I was like I stopped for a while so it's a good


four months already so now, with phase two I'm thinking like let's pick up so you should join me lah I mean since, we are free in the day, let's do it lah I can Jio you ya, eh yeah also recently I start hiking also trekking, !wah! my god, the last last session was twenty two kilometre I one of my


poly cheerleading mate just came back I mean she was back in Singapore from Ireland so uh suddenly just catch up with me say let's go for a hike I say okay let's do it !wah!, that day was it was really enjoyable but then lots of catch up but !wah! my legs was swelling man


new activities yeah exactly, yeah


trek together ah let's go let's do it what was so what ah you oh you do long distance ah, Bedok I that's quite big already about ten klick already


!wah! play football leg power, are you still on your insanity


once a day !wah! now not too bad mah , so in the morning lah after wake up, or in the afternoon, I see !wah! I also trying to ya I trying to lah


last two weeks was busy hectic for me so, just now I did lah my session my gym session at least I done, start for the week, yeah still at home lah, yeah I have a adjustable dumbbell and a bench so suffice


yeah make it sharper


yeah but, yeah I do miss the social sports also leh like you you still you still hold soccer sessions right I mean, I would love to join lah but I'm not into soccer lah


really okay, ah so cannot book, but you can book a turf what, or the kick, !wow! okay then where you where you all kick at I mean


eh you should also check out this uh Footsy app ah, you know about this this uh, ah ah that one is by my friend he's starting up yeah, I not too sure leh but he's trying to


I mean if you want to be a angel investor lah I think he's trying to raise about he's looking for BCs now lah so he's trying to raise about half a mil, so if you're interested lah, ah startup is different lah startup you know one lah it's all all about risk


I agree yeah, okay lah I mean trading is part of uh my evening routine now I guess, yeah and if it makes money why not


that's good


that's true I see, that was through those those those people were from your workshops right, and the courses ah


yeah lah I agree, yup yup


I see yeah your MoneyTree , yeah like me ah growing plants, things that you like


yes yes definitely


yeah, eh I think your birthday is coming up right, eh nice


!wah! you can always come by your girlfriend stay so so near !wah! then where you all go usually where do you all date at, are you serious but you have to send her back mah when you send her back you can meet me what


we still catch up online man so we can just, ever since we uh definitely have a grounded actually


yeah, well us doing investing and trading is a hedging from our job already lah so yup let's let's hope for the best


yup , hope for a red day where I can do entry , yeah, uh new I think they will hit a new high lah definitely a new high lah SPOI


!aiya! speaking of which I next !wah! I haven't go office this few week so I need to go office next


yeah it's alright, still learner lah still learning , very good


so I stop and then I submit right


financial related topic


ah okay so we will go like one question she answer first then I answer, correct okay okay , ah okay so uh is my turn uh what do I think of this FIRE in short so I think that is achievable with planning based on the income that you made so with that I think that a person should actually allocate


based on how much the person uh can save per month and then from there then do appropriate planning, uh, I personally think that the person should, do the planning first before approaching help from external parties like bank or insurance


advisor so and I also think that the faster way uh the fastest ways is investment or stock purchase because I think that that is a, eh have a more favourable outcome with a shorter amount of time


for me I would think that they may be able to seek assistant from family members first before seeking help from external parties because of the interest rate and then from there maybe they can do like a side job that is uh more


commission based so that they can earn more income


I agree I personally also wouldn't think that one should own a credit card because I think that is too much of a hassle when I have to call in monthly for a waive so I believe that a lot of bank always ask their customer to own a credit card, but, and say that they can do a waive but


ultimately sometimes when you forget or you miss out a deadline there's too much of a hassle and I think that the benefits are barely significant when you own a credit card, , then for the next question, uh which advice would you give to someone in order to retire comfortably


I would think that there is, uh, okay for me I'll I'll think that there's, this goal that I have in mind is to ensure that there are three zero with addition to my current age into my asset so for example if I'm twenty years old then, I should be able to have twenty K


ya so I think that this is the amount that one should had for their age to be to you in order to retire comfortably, ya so the next question


I also think so I think that is a very good planning for the future and is very necessary so just for example uh singaporean they will not be able to they won't have to worry so much at their later age but let's say people from other country like let's say malaysia they


don't have this CPF contribution and they have to rely mainly on their own savings so and they don't know what will happen to their savings someday so I think that the CPF contribution is necessary, , so next question


I agree with the part on transferring CPF account to uh special account and I also know that there are some products on the market where you can actually purchase uh some kind of insurance using your CPF uh savings so from there the


err out, the money will be more multiplied, and I think that this is a good way to maximise the CPF savings, ya so the next uh question


personally I don't really know uh what are the more, feasible way to do that so I would think that making maybe making donations is a way out of this


okay I know that in a nutshell this uh actually helps to contribute more to the savings to draw on upon retirement and I think that this scheme can be more largely advertised because before this I didn't know about this scheme so if this can be more uh largely advertised then uh it can


uh, that it will be more favourable to the citizens


so in regards to financial plan I wouldn't really do so for family members but if for children in the future I'll teach them the concept about money growth and uh interest earning and also open up a bank account, , when they are young and then teach them about the concept of savings


ya, so uh next question


so for me I I categorised on, wants and needs so the needs are basically the bills uh food transport necessities uh and, insurance and for wants will be beauty product and clothings so I have been spending too much on I think beauty products because uh the online platform are very accessible now nowadays


, so next question


uh for me I would think that I'll actually approach both but firstly I would DIY first so that I'll have a view of of or a goal based on my income, and then from there I can see what I can do personal on a personal level and then after that I'll approach a financial adviser to see if they can assist me better


, so the next question


okay for me because mine is on a fixed basis and I have a fixed uh salary amount


so I will withdraw fifty percent of my salary for monthly expenses and another fifty percent will go to savings insurance and also blue chip purchase ya from I will purchase from the bank,


so next question


so uh for me I also think that having a side job uh can be, a way to earn an extra income and also uh studying the stock, purchase and I doing investment I think is also another way to increase your income


for me I also have savings so, uh the habit of me saving is always to plan to save how much first instead of spending without planning and then save whatever that is left with, , then the next question


for me uh if I'll be able to give a advice to myself five years ago uh I will tell myself to start to explore how to purchase blue chip and uh do investment because I didn't know that purchasing blue chip from bank it only require uh


what like the minimum amount is actually one hundred dollars per month ya so I could have done that at my age back then but uh I was too young to know about that, ya so maybe we'll answer additional questions


I see so uh when I buy a insurance policy I will also look out for the, uh the coverage that this policy can, uh cover me on as well as uh how much do I have to contribute on a monthly basis so if it's too high then it may be out of my consideration


ya, so uh I don't see that insurance is a essential uh expenditure as I age so during my younger days I actually don't think that it's necessary but as I have aged then I realise that yes I do need a coverage let's say that I'm hospitalised


uh due to accidents or any illness then uh I can actually get reimbursement, for, the things on healthcare related stuff, ya err, so uh I'll go on to answer one more question


uh what kind of insurance are essential for people of my age so for my age uh I think that healthcare is something that uh is very important because even though we are in the twenty to thirties but things may happen and hospitalisation


(uh) fees are very expensive in singapore so if we are not covered (uh) in that area then all of our savings may be gone


negative experiences, okay, so uh I'll I'll go first uh describe something that uh I have watched or read that give me goosebump so uh it's actually reading uh the


a suicide note from celebrities that was published online, so because I do like this uh K pop culture and but unfortunately a lot of them in this uh industry decided to take their life and they are all around the same age as myself ya so when their suicide note was being published online uh it took me


quite, quite uh a long amount of time and courage to read it ya so and when I read it it actually gives me


so next I'll describe a time where I feel that I have uh commit something wrong and there's no way that I can get back up and start over uh for me is when I was know that I didn't do well for my N level and I cannot make it to secondary five to take my O level


ya, I think that I have not studied hard enough and there's no way that I can start over, so uh and, I know that with my own determination I may not be able to study on my own and then go and take the O level, ya so for that I


having to (ppc) sorry having to go through ITE uh I don't find it regretful instead ha I find that it was a very fruitful journey but I do feel bad for my parents because they will feel that they didn't really want me to waste time


ya so it is something that I couldn't get back in time and start over


okay describe an event that made me very angry, for me it happened in my previous job, because, I think there's this culture where being lazy is an advantage because people will look for them because they are not reliable


ya so I for that did made me be really really very angry uh, I am not really someone that uh maybe people'd say, uh , uh I am not someone that may sabotage my colleagues but for that I actually went to my boss and I told him about it


okay so uh what discuss uh disgusts me for me is I think there's a term for it but when I see that there're uh like pictures or items with a lot a lot like many many tiny holes I'll feel very uncomfortable, ya how about you


so uh what is a issue that I feel upset about and I feel that the world need to do more about uh for me is, uh I feel that the, I'm upset about those country with people suffering from hunger issue, and I also think that the world need to do more about it


because previously when travelling is still happening I know that there're different group of volunteer that will go to all these country to assist them let's say uh, uh ship food over and then uh be there for them physically but right now because with all of us couldn't travel so it makes me more worried about the people over there


ya and then I think that the world can do more about this because, uh I actually see some advertisement that it only cost like let's say a dollar a day to feed one person in that country so I thought that it is actually achievable with the help of people of people who are in living better conditions


okay so uh the next question in the post-COVID world what I what are some of the worries, that I face so uh number one is the resources of our medical supply for for example when I see that there are so many


, so many cases happening and in every day and singapore being such a small country so I am afraid of uh the medical supply and then are also, and let's say that if we are able to solve this current issue moving forward how much time is needed for singapore to make income from from tourism because we don't have any natural resources


because we don't we actually produce a lot of products since we do not have natural resources and our main income as a country actually come from tourism but, , right now I believe even after let's say the situation got better many still wouldn't be able to travel or they wouldn't dare to travel yet so from there uh


, I believe that a much longer time is needed for us to recover as compared to other country that can actually make their who actually got natural resources to produce thing and then and then make income, ya, so how about you


okay and now I'd I would describe a time where, I hurt someone's feeling so uh this happened in my previous workplace where, there are, where the team isn't very united and they will always take turns to take MC and things like that so and there's this one of my colleague that he uh really couldn't contribute and couldn't deliver his work but we are rushing for a project deadline


so but when he was interviewed and or he, actually said that he got a lot of certifications and he is actually very good at his work so he is actually of a senior position but I'm actually in a lower position as compared to him but I actually told him that his work is way below standard and I


I asked him if his certificate was real so he was very upset and he went out of the office ya and then uh, after that like he told me that he was really very hurt from from my comment, ya so I think this is the one time that I really hurt someone feeling


okay so for next , I get really frustrated when people doesn't respect other other people's timing so for example like if you are if you know that you are going to be late then at least just notify the person in advance or if you know that you cannot and in work


uh, in the work world if you know that you cannot meet this project timeline then at least let people know like know that you need help so that everyone can meet the timeline so I think that timing is something that is very important and it and I feel very frustrated when people doesn't respect


I see, okay what is the one thing that you have witnessed one what is one worst thing that uh I have witnessed and keep quiet about so, uh when during in my previous workplace there is this printer that was missing and then uh I believe that a group of closer colleague actually decided to uh accuse one of a guy who is known to be more of a loner ya but then


I know that it couldn't be him but I didn't have any proof to prove that it wasn't him ya so I kept quiet and I think that this is something that uh I still feel I couldn't really get over yet I feel that I could have speak up, at the part at the point of time


ya how about you


uh I will recall a scene from a movie that made me too anguished too angry to watch it's a scene where a mistress actually hit the wife and claims that uh love is right so for that uh I got really very angry


uh next I will describe a time where I was unable to help someone in need, so uh uh in secondary school days actually this uh one guy that is very popular because he is mentally unsound so he always will hit his head


uh before the national anthem and it happens almost everyday like he will like just hit himself and then, , made really loud and weird noises so back then when I was younger I will just think that oh he's a very weird guy and I will just avoid him but until today I still remember him and I will will just feel that he would have felt really helpless at that point of time and it is something that


no one can help him beside himself, ya, so how about you


okay what is my greatest fear, for me is illness I think that everything in the world can be solved besides illness and death so these are the things that, err but


I will think that illness is more scary than death so I'll pick illness as my greatest fear


positive experience


I see uh for me it happened at uh Yangon because uh, uh since I'm a singaporean so I mainly live in a city and uh I always visit country err that are like in korea or taiwan they're all very city area but


uh, at Yangon things are more different it's more laid-back and slow and uh the infrastructure is also very beautiful it's something that I couldn't see in singapore and when I know that uh it was a handmade and hand-built by pure gold I uh I was very amazed by the experience


ah so uh, the next question is what is the biggest reward uh you have ever received after doing doing a awesome good deed so uh for me is that during my primary school days uh I was awarded with the most helpful student award within the semester


describe a experience when my faith in mankind was renewed for me is uh seeing a group of people helping this man that is trapped under the train uh when I was scrolling through Facebook ya I thought that it was a very touching, uh image when I look at it ya how about you


describe one of the moment where I feel uh the luckiest uh one of the moment that I feel the luckiest was uh winning a pair of concert ticket


I did hear something just now but, it's gone now ya okay uh, okay so I'll repeat ah so which is uh one of the moment that you feel the luckiest


one of the proudest moment in my life was that I was awarded with a scholarship so that was uh what happened during poly days, ya, so how about you


uh so what amaze me for me it uh is a person knowledge so when I get to know that a person actually uh know a lot and have a lot of experience it actually amaze me


uh okay so uh what makes me want to, be alive is uh mainly three things uh travel, uh eat, and then uh feel so travel is because uh I even though now in the situation cannot I cannot travel much but travelling is something that uh helps me to gain knowledge as well as experiences and I get to see a lot more out of this uh little red dot singapore


and also uh I enjoy uh food, and, I enjoy uh different kind of feelings so be it negative or positive I think that is a very essential part of life ya how about you


what is a skill or a ability that I'm secretly proud of having so uh I will say that I observe people emotions pretty well and I can kind of studies people, expression as well as reaction so most of the time I'm quite aware of the situation


when did you blush the most describe the experience uh I will blush the most uh when I'm in front of a opposite, uh gender of a guy that I like so uh the one time that I think I blushed the most is when I went out with a guy that I had a crush on during ITE days


so describe your favourite activity to unwind and relax uh for me because I'm quite a homebody so uh I like to lie down on the massage chair with my bubble tea and then just relax while I watch korean drama


okay then uh next will be describing a time where you made a comeback and shut everyone up uh for me is that when I was rewarded with uh the scholarship award so uh I quite a lot of people are quite shocked about this because I don't really behave or look like a high-flyer in school


like I'm not the kind that sit at the first row for lectures and I also do skip school from time to time, and I'm not a, I just don't really behave like those very, high-flyer in school ya so quite a lot of lecturers are also quite surprised that I can actually do well in school


what is your best surprise so for me is that , I am, aware of the things and situation by observing but, often keep quiet until someone asks so I think this is the best surprise that I can always give to people


of, my surrounding that they're actually they will be surprised when they know that I'm actually quite aware of what is happening even though I may not look like one


so despites the ongoing global uncertainty what makes you optimistic about the future for me the first one is uh scientist invention I believe that a lot of scientists are still uh working very hard to invent on certain let's say medicine


or things that can prevent, , this kind of uh illnesses , and then second is also medical advancement so I believe that, , throughout the years uh, this advancement has been always taking place and I think with this uh more resources are being pumped to healthcare and with that we can actually achieve more in the future and uh the third thing is that because I'm


I'm uh recently got a job in the engineer the engineering field that, that, I wasn't really interested in but now I was given this opportunity to explore more so I actually feel that it is quite interesting even though in the past I thought that it's quite boring


but I, I now know that this field can actually do so much and it's actually very essential and it's also, a very good field that, uh, is known as as a essential, uh


so that means we won't uh experience pay cut, or uh job cut, in this industry so I think that this is a good opportunity for me to explore in the future


so uh next I'll describe a moment when things turns out, better than I expected, it was also during my poly days because even when I'm awarded with the scholarship I have, to uh, I have to maintain a certain grade for it so as to not lost the scholarship so for that I was actually quite stressed and


I would, oh think that I don't do well for my exams and I will actually got like nightmare and things like that but uh it turns out that I am actually I actually managed to do it and managed to maintain my result, ya so it was


and, my result actually came out to be, better, under this stressful situation


what is the nicest thing that someone has ever told you uh for me is that this, a guy friend of mine actually told me that I was loyal than all of his, , I was loyal as a friend as compared to all of his, brother, so uh I think mostly people would think that uh guys are more


uh loyal in terms of friendship because of brotherhood, but , and girls turns out to be not that loyal and they're always maybe two-faced in terms of friendship but I think that that is not the case for myself so , I was I feel that it was very very nice when he uh told me that I was a very loyal friend


okay so what was the happiest, moment in my life for me because I'm quite, a simple person so I think that as long as I am, healthy I'm, very happy already so as long as I am not sick and I don't have to


uh restrict myself like let's say for example people who are born with a, illness uh, they may not be able to enjoy certain things so for example uh if this kid actually have a diabetes he or her may not be able to enjoys a sweet stuff but I love sweets stuff so


I'm actually quite , ya I think that the happiest moment is that I am born with a very


okay so describe one of the most memorable travel experience so for myself uh it's going to korea for the first time so me and one of my uh ITE friend actually said that uh we will, go to korea together


after our three years of poly because it is a long way from ITE to poly and then upon our graduation for poly we were, a hefty trip to reward ourself ya so uh we actually like since we got three years so we actually uh take these three years to save up and then uh to slowly plan on the trip that we wanted


to happen, ya so for me it is very memorable, and on top of that uh it was also , very, uh it feel that very fulfilling ya because we finally did it and finally got our diploma


ya so it was a (ppb) we've enjoyed the trip and also, we I personally feel that it's a very (ppb) meaningful trip for us


oh okay, financial related topic


one of us should start first, oh okay, uh so maybe I go first, then , what do I think about financial independence retire, early I think to retire, early is possible if one sets


a saving goal, like, to achieve a desired, desired amount to retire and then, it can also be achieved like, to, like through purchasing of insurance plan


like Great Eastern like from uh from Prudential and et cetera then I myself also have like uh one


protective life insurance plan which covers up to hundred K coverage and then , the daughter premium is like, uh oh, okay so it'll be until like sixty five years old the hundred K coverage then after that it will be fifty K onwards


then next uh, I just move down the question is it, oh okay then, what advice would I give to someone, to, get him or her out of debt,


oh okay kay


uh next question would be what advice would I give to someone to get him or her out of debt uh okay so firstly I would like, like let him or her know like to categorise, uh their monthly expenses by using an app


to record, his or her spending, then like, uh also to create a pro and con list like, before purchasing and then maybe you also take up a another side job


do I think that one should own a credit card uh I think, to like, a credit card is not a need for everyone like especially those who have, like, a lot of loans to pay like student loan house loan


then maybe it's like like, and also like for the person who's not earning so much then maybe, he or she might not need a credit card, so like


if let's say like the person is, earning a higher income and then like don't have much commitments then I think she, he or she can consider a credit card


okay so our like, like give advice like don't spend money on things unnecessarily, and then like , maybe also to create a list like, to, like needs and wants and then like


uh what else ah uh and then, and then like save more money regularly


okay so next question is, what are your thoughts on CPF contribution I think CPF contribution is important as the money not only allows uh not only helps with housing but also helps with a lifelong retirement income


and healthcare, so I think this is uh


so next question is how do you manage your CPF savings what advice would you give to someone in order to, maximise their savings for their retirement, uh I guess our like


if I do not need to utilise the CPF then, I will not touch and just let it accumulate then uh my advice to someone, would be to if possible to pay mortgage in cash and not touch CPF savings and


then , and also to top up the special account which is for retirement, and, transfer france transfer funds from CPF account to special account


so what advice would you give to someone in order to reduce their income tax


uh I would advise the person to top up his or her special account as every dollar contributed will be, will make the person eligible for dollar for dollar tax relief and then uh I also will advise them to like voluntary MediSave top up


which is also can claim for a tax relief and then uh, and then and also to like make donations


okay uh next questions uh is what are your opinions on supplementary retirement scheme uh okay so I understand that, , contribution to supplementary retirement scheme is voluntary and then I think it's useful as the contribution


make to SRS can be used for investing and subsequently can be withdrawn once the person reaches retirement age at the, age of sixty two so uh there's also, he or she is also eligible for


the, dollar for dollar tax relief and then there's also an contribution cap which is currently set at uh fifteen thousand three hundred for singaporeans and


okay uh okay, so next question is how would you make a financial plan in a investment portfolio for your family or children, uh I think I would create a


plan, uh to invest and then like maybe to set a minimum savings goal and then also like to meet up, err to like get a, right insurance and then to plan for retirement


okay so next question is how do you spend money which expenditure is justified and, what have you been spending on, uh okay so, usually uh because right now working at as a GrabFood cyclist so


err, mainly I'll spend on is like transport bills insurance and then, ya and if like let's say if I need other things then, I'll like , maybe use my own savings to buy also then the salary wise I will just spend on transport bills and insurance ya


so err, what I have been spending on is mainly skincare products lately


uh next question is should I DIY or get a, financial adviser to plan my finances, uh okay so I think like, it's more it's much better if you like uh


get a fix an appointment with a financial adviser, and then like to discuss about your finances because they have been like in the line for like, maybe few years so it's like, I think they will understand much


better like, to how to plan the finances and everything ah ya


so next question is how do you manage your cash flow and then how much of your income is allocated to savings expenses and insurance on investment, uh okay so how do I manage my cash flow cause uh


right now I'm work working part time so it's like a own time own target kind of thing, so err, and then we have like , like, weekly we can, keep an incentive then then maybe I won't like withdraw out from the app itself


and then like, uh because I use mainly is my savings my own saving so, uh, I'll usually use it for like, like expenses like transport and then like to pay my bills and insurance ya


okay next question is uh what can you do to earn extra income or to improve your income, level , I guess I can take on another job if time permits because currently I'm studying


uh uh, uh design course so I don't have much time


so next question is do you have the habit of saving how's how do you ensure you beat your saving goals, , yes I do have a habit of savings like previously when I was still in my full time job which is uh back then in june


then I'll like usually like, only withdraw out like maybe, maybe three to four hundred for my monthly expenses


do I have to answer the question in the chat, okay so uh next question is


what's one financial advice that you will give to you five years ago, uh I guess, my advice to me myself five years ago is like maybe to take up a life insurance plan with wealth accumulation


so uh what do you look out for when buying an insurance policy do you see insurance as an essential, expenditure , mainly I look out for is like err, like the coverage and then what does it


err like, the coverage amount and then like, uh, me myself I have healthcare insurance and then err, personal accident plus and then still got one more is a, uh uh hold on ah


still got one more is PruActive Life, which is I think it's important essential it because, for like PruExtra right , like let's say if I admitted to hospital and then like the expenses I can claim for reimbursement


because the as in the, plan itself it covers up to ninety ninety five percent so I'm able to claim for it, and then next err for, PruActive Life because I think is important because it covers death disability critical illness and


and then early critical illness as well so all these like because healthcare in singapore is very expensive so I think it's also very essential to have and then lastly I also


took the one, the another one that I had is personal accident plus it's under Chubb uh this is pretty, important for me because, uh because right now I'm working for GrabFood so it's like, cycling on the road


might be quite dangerous for me so, uh I just to like get it for extra protection ya


(uh) okay, (uh) okay


negative experiences, K okay


okay uh for me it was a article


about a man who killed his mother and grandmother, and then I, I thought it was quite quite inhuman of him doing that, but, also after that I get to know like he had some mental issues


and then like, I think it's like a bit, uh, a bit cold blooded also lah as in like he didn't like go and seek treatment or something and then like he vent his anger on his mother and grandmother at the end


by killing them ya, so it gave me goosebump lah


for me I personally think personally don't think that I have committed like something really wrong, like uh if let say like , because back then I also didn't like make it to O level but then like


after that subsequently I I feel that like, maybe going to ITE is like, is like also much better for me, and then like, after that I took on a mass comm course at MDIS then like


I I feel like like, to study another new course like uh I can get to like learn more new things and then like, like learn from experience also, and then right now like I feel like


maybe I'm like much older than, than my classmate right now in the design school but then I also feel like it's, like something what I want to do lah so I feel like very, like, can learn more things lah yup


for me I think it will be maybe like, maybe like, to hear about like from, my previous colleagues like, like


like nasty stuff about other colleagues, so I feel like, it's not very very nice of them saying like the about the person lah like very nasty things and then like, like, because they like jump into conclusions like very easily so I I feel that is is like something that made me very angry ah like they don't know


like, they don't really understand about the person so well but then they still like say so much about the person ya


for me it would be like, cause nowadays I observe that like, like many elderlies would like, sit at like, void decks and then like maybe at the bus stop, like near to the bus stop and then they are like chit chatting without wearing any mask I feel like


is an action that disguise disgust me ah ya so because like, cause I feel like, when they talk right then, like, the like saliva would would be like transmitted around then it's like it's not very nice ah ya


ah okay for me it'll be cyberbullying , I uh, I feel that it's like unnecessary for people to become like keyboard warriors and then like slam the person, uh just because of the particular person did something wrong


uh for instance like recently I read, about this err this, a female wrestler who was who was named as, #hana kimura# she was a she was not only a wrestler but she was also a member of terrace house this reality programme and then because


because of this episode, where, one of the member in the house actually ruined her costume and then which triggers her and then uh like be she became angry and then like, she like


uh sort of tipped his hat off and then this triggers a lot of people like, the netizens and then they started to leave like, nasty comments on her social media and et cetera which leads her to commit suicide


but after, that I read I read like the follow ups of the news right uh her her mum actually clarified about this this incident where she said the, the, the there was one part that


it was staged which was the part, where, she tipped off the member's hat, and then uh I feel that, it's quite, it's quite like I I feel that people shouldn't like jump into conclusion easily uh without knowing the truth ya


uh for me I would say, after, phase two had started right I spotted like more people, gathering maybe outside the mall and then like, I also like spotted like more large crowds in the mall


and then like, , the anxieties that I feel uh and then maybe like they don't really like


they don't really like like feel that it's like, the COVID is very serious, it's like they like for example the people that are outside the mall, gathering right they are like very happy about their life and that and et cetera I feel that they should like at least like take take this COVID more seriously because the number of cases is like every day it's like maybe maybe few hundred and


and so on and then, ya I feel like people don't take it very seriously ah ya


uh for me it will be err, because err back then I was like quite a, speak without thinking much without doing much thinking person so I actually said something pretty hurtful about


about err my friends attitude towards towards like, like things that, err in her life that got her upset, and then uh, she also later like tell me that, the words that I say are


are pretty hurtful so, ya I think that's the, like the one time that I hurt someone's feelings


uh for me it would be maybe uh, maybe when I have issues with like my mobile phone the signal or anything like


and then I try to call the hotline then it takes like, maybe like more than three minutes, to, more than three minutes or maybe sometime like ten minutes to like, get to speak to someone and then like when I get to speak to the


particular officer right then it's like I will let him or her know the issue and then it's like I, have to like, and then they will like let uh let me know that uh I have to wait for a while again and then like they will check on the issue but then it's like when they check on the issue they will usually also take very long it's like maybe I once encountered like maybe I wait another ten minutes during the call so ya I think it it's something that frustrates me the frustrate me the most


the worst thing the worst thing might be uh to witness a classmate whom, I didn't really like, and then uh he was like being called out by others about his, attitude and behaviour like towards


towards project work and everything then I felt that, uh it was like err, I could have speak up about about it also lah like to stop the the people from like, like, like scolding him or like or something then maybe like


uh handle the situation more peacefully ah


okay for me it's a scene from, this korean movie which is parasite, uh there was this scene where at the last part where the, the male lead's father actually stabbed his employer which is the a rich man


because he felt that he was being looked down, and then uh I I feel that, it's like very angry to watch because I I think that he should at least like maybe walk away and then to like calm himself down and then instead of like committing committing a serious crime and then hide at the basement forever


for me I think it was this one time where, an, elderly lady, uh came over to me and ask me if I have any coins as she she didn't had any cash to take a bus


eh or MRT so err, because at that time I wasn't err I I didn't have any cash on hand and then I wasn't like near any ATM so I, like uh, told her that I didn't have any coins ah so


err, I feel that that's the time that, I wasn't able to help someone in need ah


for me I think my greatest fear might be, like uh like, have like example like uh maybe if someone that , someone that I know


but are not close to then like, suddenly they pass away because due to illnesses, I feel, I feel like to attend funeral this kind of thing like, makes me very afraid lah like maybe I would think like maybe my time might


be soon or something ya so I would like imagine the worst also [lah] when I attend a funeral, ya that's my greatest fear [lah]


positive experience, uh okay so describe, a travel, experience that left you in awe


I think, the, positive experience that, positive travel experience that I had might be the one that I went uh solo trip to japan, uh, that's when when I I remember I asking some japanese people for directions


and, I was using a translator app but then despite doing that they are still willing to help, like, to guide me along like, where how to get to the place and everything, ya, they was using a translator app as well


uh, okay for me it would be like, to, I helped a friend who was in need like, to like, like lend some money to her and then


after that she did return and then she also treated me to a meal treat lah, ya


uh for me it'll be I previously I witnessed some stranger, who, actually went forward to like guide this blind man to get to an escalator so uh I, find like it's like very very nice of the stranger because we usually don't see much people doing that in singapore


like, because like everybody is like uh looking at their phones while walking and then like you don't really observe the surrounding ah ya


one of the moment that I felt the, luckiest maybe is like, uh I won a pair of movie tickets to the movie that I wanted to watch ya so it's like, I never really like win stuff before so it's like a first


ya okay so for me is uh, I received a good progress award when I was in ITE, and then err uh, I felt it was the proudest moment because I wasn't that hardworking despite


like, like I didn't put in much effort but then I did listen in class ya so it's like a quite a shocking and proudest moment for me ya


okay what amaze me is uh maybe the advanced tech, no actually like, err, like nowadays if I observe like, like if let's say if you go out and then you spot a, vending machine you can actually like pay using apple pay already so it's like not necessarily you have to use cash


and then uh what else ah uh and then it's like , for transport wise also like you don't have to use your EZ link you can use your bank account, uh bank card you have, ya and then uh what else that amazed me is like maybe


maybe the the like, artwork that like uh, that like show like, like, pieces of singapore and and so on ya


eh uh for me it's uh it's not only travel but it's like own also like having a family and close friends around and then like having someone to be able to talk to like to, to share my


uh happiness and woes and then and then also like to have a dream that I've yet to fulfil which is like to become a graphic, designer err


for me it's, , usually like if I have like unhappy things right, I can like forget, very quickly like maybe like, I'm angry at someone then after that like maybe one hour later I might not be angry at him or her already ya so


that's one ability that I'm


okay so for me, when did I, blush the most , for me it would be like, like example I did like something, maybe something good or something, err something like rewarding and then someone praises me and


then, I think that I'd blush because like it, also like boost my confidence and, et cetera ya


uh, okay for me it will be err watching a movie, like maybe on Netflix, and, uh usually I like to watch like


maybe korean drama like, uh, I think that's the time that really make me completely relax lah


for me it would be during secondary school where uh I wasn't very good at sports but then at that time there was this uh, there was this two point four thing two point four kilometre run thing so uh I did train for quite a while and then I did manage to get like top ten for for the run and then it was like


quite a shocking to everyone ya


uh for me is maybe, uh maybe I, I have the like like I can, it I'm able to like read people emotions and then like


uh, like to tell and then like to be more sensitive to one's feelings ya like able to tell whether he or she is happy or angry ya


uh so for me it would be maybe the technology like nowadays like, if let's say if you want to like, like during like err, circuit breaker time right then you are not able to like meet your friend or anything you


can like just Zoom them, and then it's like, I think it's like much better as compared to the past where, err where like, in the past we we don't have this kind of like video conferencing then it's like just like mainly like


like maybe texting or like or something, and then uh I think another thing that make me, feel optimistic is the medical advances, like , like I feel the


like medicine now is more advanced like, like uh previously I've read about this article where they said they have found a cure for, I think is leukemia or something ya so it's like


I think I'm very amazed by it lah


for me it would be err maybe the one of the like very first job that I did which is a receptionist because I'm, quite a, introverted person so it's like uh being a receptionist is like you have to like I was working in a school back then so it's like


I have to like interact with people also not only handling receptionist's duty so in the first place I wasn't do doing very well but then as time goes along and then like guidance through my supervisor and then like


things got better and then I was able to like uh converse better with people and then like not only like, be able to like converse better with staffs and superior but also like to converse well better with like


parents and then students ya, and then like also uh be able to like, handle calls much better, and then uh I think that's like, err ya, that's like turn out better for me lah instead ya I did get a pay rise after that ya


okay so the nicest thing that I heard uh maybe the one that I, I can still remember was also in during my receptionist time where uh my second boss actually told me that


I was like the most hardworking, person like, born in one nine nine three that he has ever seen lah so that was like, the nicest thing and then like, until now I can still remember ah


okay so the happiest moment in my life err, maybe it's like I'm able to, to travel to like, japan bout during my first trip which was I was still studying then uh


I would, I think it's like the happiest moment because you not only like get to, have, like experience and then you like get to do like learn their culture and then like like to learn new things about people and then like to observe their language and then like to like also observe like what kind of clothings they wear


and then like to learn about the history of japan like the the attraction that I went to, ya and then also to get to try uh, the food over there like, Sushi Ramen and then I also tend to like


compare it with like singapore standard also ah ya


okay uh for me it it's maybe the, last year, the trip the japan trip that I went last year because I also bought, bought this err, bullet train ticket where


uh I, get to explore like different prefectures so I went to like uh Hokkaido which I also like get to experience snow over there which is like a first time for me and then I also uh get to go to


Nagoya which is uh to get to see the famous, Totoro house over there, and then also I get to watch a hockey match over there also, and then what else ah and then also


I get to like explore new places like (ppb) maybe Kyoto and then, (um), new places in Tokyo like museums and et cetera


part one financial related topic, okay <P2>yan</P2> you want to start first


okay what's about property home financing grant you want to talk about


uh well I'm not investing in property so I don't follow what is the current uh uh rate now


uh ya ya small little HDB house fully paid so no more outstanding loan, car uh both my cars are fully paid as well so no loan for my cars


no I don't have I don't really actively trade in shares I let my relationship managers manage some structured uh I have some structured, investment with the bank they are the one that is uh managing it for me because I'm a lazy person you know I I don't have I don't want to spend my time to track the shares up or down


so the the bank will, come to me offer me some structured investments whatever they feel that is is suits my appetite for risk low risk high risk mid risk short term mid term then I look at it if it's okay then I just take I'll just ask them to invest my money into that structured investment


uh structured investment ya is is is this is a uh OCBC uh my main my main bank is OCBC so they they have this something called structured investment which they diversified the the shares


so you you you invest certain amount of money then they will show you okay uh I'm going to pick Prudential as one share uh Wyatt as another share, and maybe uh Walmart as another share so this total three shares add up to be how much maybe hundred K US dollar and every month will give you every year will give you eight percent uh ten percent fiftteen percent coupon


as in interest uh it is it is uh literally guaranteed if it stays within a certain price range


oh ya it's a it's a six month structured so for this six month the money that I put in you are not supposed to touch, it at all uh lock for six months and then every month they give depending on how much you invest so if you if it's a eight percent


per annum and you invest two hundred K they will give you uh, one point five uh K or something like that every month then until six month it stops lor so if it's within this, knock in and knock out level then you're you are safe lah that means your money will your your capital is so called stay there and every month you got one point five kall the way up then till six month lor then you close it then they can maybe start another new one lah


no nothing nothing everything is everything's no nothing, nothing, ya but the thing is you this money this sum of money will be locked for six months so if the shares goes right deep down dive down then physically you will have to hold the stocks


yes yes after six months, but then OCBC my bank would be holding the shares for me on my behalf any dividends uh that given by that


company goes direct to my account so the bank just only hold it for me only they don't they don't uh touch it anymore already so when a shares go up to a certain level that I feel that is is break even then I say okay you go and sell for me


it could be one year two years three years I don't know so to me this is uh it's a mid risk lor it's a mid risk means, uh this amount of money that I park in there I probably if it's so bad it go the market slump then I physically hold the share but then it's not going to kill me you get what I mean so when the shares goes up again then is where I sell then I recoup my my capital lah


basket yes


three for for mine is three three company in one basket, ya the bank will tell me these are the ABC company, so I feel comfortable then I say okay let's proceed with this the structured investment


if you don't like this then they give you another they probably give you another options but so far okay, I've been with them for like maybe a year a year a year a year plus already a year already


no for this structured investment there is isn't any, then then there is there is a there is a range as long as the stocks price stay within this range then you are safe means you don't have to physically own the stocks alright so uh ya correct that means it matured already this structured investment stops


the money we invest will the money you invest goes, back to your account then they can they will probably come to me again eh <P2> ronald </P2> you know can I start something something with you again you know ya something like that lah


coupon ya every month yup, agreed term agreed price range then ya percentage, yes principal only you're you're correct


yes that's what the banker told me so far I I don't hold it hold it I lucky ah I don't want to hold it so that I can keep on you know roll the money what


no need no need what is if okay I'm not so much worry about going up I'm worry about going down actually yes correct because literally the bank uses my our money to go and buy the share stocks


you know I did once a while I need monitor so from initial purchase price right the price in uh one month right can go up to twenty percent leh, but they only give me ten percent per annum eh so, ya but I can't do anything ya because the yes correct it's a shared risk in a way lah so it's a mid risk product that's why it's only ten percent only what


yes correct correct there are high risk one fifteen to twenty percent gain if you want to know but higher risk lah of course


yes correct but of course you have to do your own own own due diligence study lah make sure that these these these three companies that they they invested in on the structured structured investment is sound enough you know you look at the fifty two weeks one year two year three year data whether it will fall below certain percentage or what they have uh agreed or they have set up for you


the bank stands to gain only what no I won't get anything


if it goes down very deep down maybe half the price then I probably need to own it lah something like that ya that means like I will I will physically hold the physically buy the share under my name lor, yup, is is in the is in the agreement lah but so far so far I've done


two session with them quite safe lor you know the next maturity will be mid of this month is the sixth month of this second or third structure I have with them, so I have not talked to the RM yet whether if the price is below or above you know I'm still getting my my every month agreed uh coupon so far nothing no changes


US, US ya uh Prudential Prudential is one of it and then one pharmaceutical company and the other one I think is uh gaming or IT company these are the three


uh Prudential okay lah then the uh the pharmaceutical company has it's not a very big company but they have some infrastructure and then the other one is uh gaming or IT company I can't remember ya ya ya ya you know


because


ya ya ya the the minimum for this is uh for this structure is uh sing dollar two hundred K, ya but is is to to me is, it's better than putting in putting it in the bank ya put on fixed deposit the best advice is very safe this has some risk the thing is that you have you you do not need to use this two hundred K for the moment for next few years then you you can invest in this kind of of of such a bond in the worst case in the worst case of course


no but of course touch wood lah ah there's no go the market don't slump you know if it's a bull okay you know all this ya, this is a mid is a mid risk structured investment that gives out eight to ten percent


per annum, I'm not even interested in those anything that below five percent


ya because my current portfolio my current stocks holding that I have uh the dividend itself is about, eight percent how many percent per annum already ya so my my small little shares that I have it with CDP is already give me firm eight percent uh some even ten percent per annum so why should I even looking at things that's below five percent


no meaning ah !huh! CDP CDP, central depository uh ya, correct ya


okay I'm my recording stopped already


no, ya ya like I say I'm a very lazy person uh so whatever my RMs offer I look at I look I study I, take a quick look at it if it's if it's low risk uh it's a mid risk and uh it will not really eat into my capital or my principal uh even if hold it for a few years I'm fine I just let it go


yes I I don't have the knowledge to look at individual shares stocks, or trading you know and like US shares I know that it can goes up hundred dollars per night you know US dollar per night but I don't have the kind of knowledge the kind of time or or to do it lah I have the time lah but I just I want to sleep so I don't want to monitor the US share


no lah is because US stocks are very volatile lor so it can goes up it can goes down lah you know I I just want to have a steady little stream of incomes you know passive income then that's that's enough already lah


, ya but is is is in a way safe what there's a there's a buffer there is a knock


in and knock knock out price range the, the, ya but it unless it goes down too deep if not if it go down to certain percentage I'm still very safe doesn't affect me at all the buffer the buffer is quite quite quite huge actually


uh ya there is a couple of time I think it went up too high overshot then they will they will stop the contract, then uh the fifth and sixth that one no more already no more coupon


ya no more no more then then they will offer me something new lor have to start afresh again [orh]


customer know customer of course if they the share they tell you they know what


then uh, if they they they can take the profit and then they stop the thing what they have they have uh ya


ya ya this this is in the agreement lah, ya but like I said this suits my appetite because the the the range is quite huge it can even drop to I think thirty or forty percent drop I still it will still not affect me I still get the the the coupon


yes so it's quite quite mid in in a way so you cannot blame them for earning money if they drop then then they have to bear the difference uh you know I have cases that in within one month the share shoot up to about forty fifty percent, ya ya really one month I went two weeks only the share double up to twenty to thirty percent but they only give me eight percent per annum but what you one month


uh after two three months ah there's there is a certain agreement range lah you know that I'm not too so much concerned in a way no I just know briefly about there and then just okay already signed and then just move on lor


there may be there may be other structured investments that give three or nine or twelve months ya but this is so far uh this is the one that I'm I'm I'm buying lah


different phone I guess


like I like I say I'm a very lazy person to study individual company individual stocks ya you get what I mean so I I do not want to put myself in certain risks


that I can even forget about it oh it went too low I even forget about it or went too high that I even I I forget to sell something like that uh uh you know I unless I'm I'm with a group of friend yes of course I have some friends that deal with US stocks as well actively uh but I I we don't talk that active


and uh and stock shares are very sensitive you you can blame a person you know eh why you the share K I also don't want to end up in this structure lah in this this situation so I rather ya I rather take a simple investment


ands, low it low mid risk ah don't say low mid risk and enough for me to live by okay


uh they have a lot of unit trusts, but all is uh no it okay no unit trust I did not say I didn't I uh did not tell them but they keep on sending me some bonds and all these bonds uh is so low and so long tenure that I I I I just delete delete delete every WhatsApp they send me


I can't I didn't go and study lah I I know the SG bond you can uh SG bond the one you can buy anytime and then you can sell anytime your or SG bond give you some good interest ya but that one I also didn't too lazy to go and study


no I'm talking about SG bond [orh] not SG stocks [orh] SG bond there's I think hold by MAS or by Temasek there's this SG bond some some kind of thing like that that you can actually go and buy ya and then pretty good pretty good investment or pretty good share or something like that


I I didn't I no lah less than that SG bond you can buy I think even buy at quite low but I didn't go and study that one ah ya ya ya I just I just like I say you know I I I don't want to be stressed


you know, it's not in the fixed deposit if fixed that one is like, a'ah assume ya assume yes assume is, in the fixed deposit uh actually the RM don't manage they just they just park it over there and then buy the and leave it there for six months and then every six months he will come and buy me starbuck coffee


I mean they don't have they have they don't have really commission lah I mean they but they have a they have a target to hit they have target to hit they have target to hit, okay


maybe maybe maybe okay good


part three negative experiences


foreigners expatriates, foreign talent K


if you are sure it but at that at that point of time if you are sure that they are not belong to the same family you should have called the police and just


no lah nine nine nine how can it be voice recording one you call the wrong number nine nine nine is for emergency is you I think you called the wrong number already <P2>yan</P2> kay you call again now