BT Money Hacks Ep 81: How Gen Z youth can save and invest smartly earlier

12:14 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode looks at how and why Generation Z youth approach savings and investments.

SingSaver conducted a survey over August and September this year, and found that when it comes to saving habits, Singaporean Gen Z youth (aged 18 - 23) are savvier than their millennial counterparts (aged 24 - 39).

• 85% of Gen Z respondents started saving before the age of 22, more than twice the number of millennials, at just 41%.

• 65% of Gen Zs stick to their budget “often” and “very often” as compared to 56% of millennials.

Chris Lim hosts SingSaver’s interim country manager Prashant Aggarwal.

They discuss the following points:

1. Three reasons why Gen Z youth are already saving for retirement and starting investment journeys earlier than older generations (1:55)

2. Why it is easier to start investing now in this age of robo advisers, Internet banking, app-based stock trading and easy access to global markets (3:35)

3. Which are the top five asset classes that Gen Z youth focus on? (6:15)

4. Understand the key principle: Higher return, higher risk, higher effort and inversely, lower return, lower risk, and lower effort (7:00)

5. Steps on how Gen Z youth can start small with $50 targets and gradually generate a passive income of $1,000 a month (8:00)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 80: Controlling your fund fees is key to investment success

10:32 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles the importance of understanding and controlling your investment costs or fees, so you can let the power of compounding interest work for you.

Chris Lim hosts Gregory Van, chief executive and founding partner of Endowus, the only digital investment adviser that now has a CPF investment option.

They discuss the following points:

1. Are Singapore's investment fees higher than average sales and fund level fees globally? (1:08)

2. What is the little-known "trailer" fee in this industry? How that is practised here and why the investor does not see this (1:50)

3. The trailer fee raises the question: Are you working in the best interests of the client? (3:02)

4. Is there a way around this? Should your fund managers rebate that trailer fee to you here when they receive it? (4:48)

5. Why just a 1% fee difference over many years can result in compounding costs eating into your returns (7:20)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 79: Differences and misconceptions over ETFs and unit trusts

9:22 mins

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles the importance of knowing the pros and cons of ETFs and unit trusts.

Chris Lim hosts Gregory Van, chief executive and founding partner of Endowus, the only digital investment adviser that now has a CPF investment option.

They discuss the following points:

1. What are ETFs and unit trusts and are there big differences between them? (0:45)

2. Are unit trusts and mutual funds the same product? (2:32)

3. Why are ETFs essentially a wrapper for products like funds, Reits or bonds, so they can be traded on exchanges? How does that impact the net asset value? (3:15)

4. Unit trusts are more convenient for investors who do not need intra-day liquidity (4:55)

5. What are the differences between ETFs on SGX as compared with the US or the UK? (5:40)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 78: How to manage your wealth and plan your legacy

12:01 mins

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles the importance of managing your wealth and planning your legacy. It is brought to you by Opus by Prudential, which is Prudential's unique approach to wealth management and legacy planning for high net worth individuals.

Chris Lim hosts Angeline Alexander, head of high net worth and affluent segments at Prudential Singapore, on the following points:

1. What exactly is wealth management, wealth preservation and wealth transfer? (1:25)
2. Three tips for high net worth individuals to get started (3:35)
3. What is legacy planning? The new trend of high net worth clients using philanthropic pursuits to give back to the community (6:35)
4. Depending on complexity and number of heirs, Opus by Prudential brings in specialist expert panels on trusts, tax and business advisory (7:20) 
5. Plan, insure, give back: A 3-step guide to planning your legacy (9:15)

More at Opus by Prudential - https://www.prudential.com.sg/opus#!about_us

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 77: Why sticking to an asset allocation framework is key in volatile times

12:57 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles good starter tips and discipline for asset classes and portfolio construction during this Covid-19 era.

Chris Lim hosts Asheesh Chanda, founder and chief executive of Kristal.AI, that specialises in digital-first private wealth.

1. The four pillars for asset classes and allocation during these volatile pandemic times (2:00)

2. Building a discipline of following an asset allocation framework is key to success during periods of uncertainty. What are the general rules? (3:19)

3. You can improvise after following rules of investment, but not deviate and fall into the trap of "emotional investing" (5:20) 

4. Passive and active investment approaches: What should beginner investors know and why they should avoid active approaches? (9:00)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 76: Understand what products and risk profile suit you as an investor

12:57 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode tackles portfolio diversification and what products fit different profiles.

Chris Lim hosts Dhruv Arora, founder and chief executive of robo investment advisory Syfe, who explains some basic starter tips:

1. How to build a diversified e-portfolio and manage risks for products with an easy click of a cursor (1:15)

2. Why the majority of people here prefer lower-risk portfolios, useful in this Covid-19 pandemic (4:12)

3. Reits: Which kind of investor do they suit? (6:10)

4. How do you get into low-cost property investment with $50 for example, in your 20s (9:45)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 75: Insurance - term vs whole life, what makes sense amid Covid-19?

10:53 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode is aimed at how investors can manage risk and insurance during the Covid-19 pandemic.

Host Chris Lim speaks remotely with bionic financial adviser MoneyOwl's chief executive and chief investment officer Chuin Ting Weber.

She explains the following points:

1. Why the role of insurance is protection (2:40)

2. Why our most important financial asset is our income (3:45)

3. What does it mean to be comprehensively insured? (5:45)

4. Why term insurance is more affordable and preferable till your planned retirement age and you no longer have dependents (7:00)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 74: Why insurance is good risk management during uncertain times

10:42 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

This episode is aimed at how to understand basic personal risk management amid the market turmoil this year.

Host Chris Lim speaks remotely with SingSaver's founder and country manager Rohith Murthy.

They tackle the following points:

1. Accept the reality that Covid-19 is a serious threat to income and jobs, and how to assess your finances (3:20)
2. Typical financial journey of a Singaporean or Permanent Resident here (4:30)
3. Why insurance is still seen here as a grudge purchase, and why it is more important in a world of uncertainty (5:15)
4. Establish the risk to your income, cash and health needs; ensure you have the right affordable policy to be protected (6:40)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Money Hacks Ep 73: Fortitude and the market in Covid-19 times

12:33 min

Synopsis: In this fortnightly podcast series on Mondays, The Business Times breaks down useful financial tips.

This episode is aimed at how investors can approach the market despite the impact from Covid-19.  

On May 26, finance minister Heng Swee Keat delivered an unprecedented fourth budget, dubbed the Fortitude Budget. Together with the previous three 2020 Budgets, this year’s total comes up to almost S$100 billion. 

Host Chris Lim speaks remotely with two experts from OCBC Bank - Selena Ling, head of treasury research and strategy, and Carmen Lee, head of investment research. 

They tackle the following points:

1. What is the outlook for Singapore's economy, for the next three to six and 12 months, and what does this mean for investors?  (1:00)
2. What is the outlook like for Reits? Which Reit sectors took the biggest hit during Covid-19 and which are still attractive to investors here? (3:30)
3. What is the market expecting for corporate earnings this year? (8:08)
4. Will dividends be cut? Or even be paid out at all? (9:50)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

Discover Money Hacks Podcast fortnightly on Mondays and rate us on:

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

---

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Money Hacks Ep 72: Passive vs active investing - debunking misconceptions 

12:59 min

Synopsis: In this fortnightly podcast series on Mondays, The Business Times breaks down actionable financial tips.

In this episode, we talk about passive and active investing, ETFs and unit trusts. Why should the average investor care about the differences?

Host Chris Lim speaks remotely with Gregory Van, chief executive and founding partner of Endowus, the only digital investment adviser that now has a CPF investment option, as he explains the following points:

1. Understand why you have a historically proven 17% chance of "beating the market" over a 15-year period even as a professional or "active" investor (2:30)

2. What is the difference between active and passive investing? (5:53)

3. Understand the differences between cash, high-quality government debt like Singapore Savings Bonds, corporate bonds and equities (6:21)

4. How digital investment advisers can help you with lower costs and passive investing coupled with strategic asset allocation (9:40)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

Discover Money Hacks Podcast fortnightly on Mondays and rate us on:

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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

---

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