What are the investments apps to use ?

 There are several investment apps available that cater to different investment preferences and goals. Here are some popular investment apps that offer various features, including stock trading, robo-advisory services, and more:

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2. StashAway:

   • StashAway is a robo-advisor that creates a diversified portfolio based on your risk profile and investment goals. It offers features like automatic rebalancing and tax optimization.
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3. Kristal.AI:

   • Kristal.AI is a robo-advisor that provides access to global investment opportunities. It offers algorithm-driven portfolio management and personalized investment strategies.
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4. DBS digiPortfolio:

   • digiPortfolio is a robo-advisor by DBS Bank that allows users to invest in diversified portfolios based on their risk appetite and financial goals.
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5. Syfe:

   • Syfe is a robo-advisor in Singapore that offers a range of investment portfolios catering to different risk levels. It also provides a feature called "Aria," which allows customization of investment portfolios.
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6. Tiger Brokers:

   • Tiger Brokers is an online brokerage platform that allows users to trade stocks and other financial instruments in multiple markets, including the U.S. and Singapore.
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7. moomoo:

   • moomoo is another online brokerage app that provides commission-free trading on stocks and ETFs. It offers research tools and market data to help users make informed investment decisions.
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8. Futu SG:

   • Futu SG is an investment app that allows users to trade stocks, ETFs, and other financial instruments. It provides access to real-time market data and research tools.
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9. SaxoInvestor:

   • SaxoInvestor is a user-friendly investment app that allows users to invest in stocks, ETFs, and bonds. It offers a range of investment tools and educational resources.
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10. Interactive Brokers:

    • Interactive Brokers is a comprehensive online brokerage platform that allows users to trade a wide range of financial instruments, including stocks, options, and futures.
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11. Endowus:

    • Endowus is a robo-advisor in Singapore that focuses on providing access to institutional-quality investment strategies. It offers personalized advice based on your financial goals and risk tolerance.

Before choosing an investment app, it's important to consider factors such as fees, available investment options, ease of use, customer support, and security features. Additionally, make sure to conduct your own research and, if necessary, consult with a financial advisor to align your investments with your financial goals and risk tolerance.

What are the considerations and financial numbers to reach for people in their 20s, 30s, 40s, 50s, 60s?

 In Your 20s:

Emergency Fund: Aim to have 3-6 months' worth of living expenses in an easily accessible account.

Savings and Investments: Begin saving and investing for long-term goals. Consider contributing to the Central Provident Fund (CPF) and explore other investment options.

Debt Management: If you have student loans or other debts, work on creating a plan to manage and pay them off.

Insurance: Start considering basic insurance coverage, such as health insurance.

Top 25% Net Worth: SGD 20,000 to SGD 100,000 or more (individual net worth).

In Your 30s:

Emergency Fund: Continue building and maintaining a solid emergency fund.

Housing: Consider homeownership and start saving for a down payment.

CPF Contributions: Maximize CPF contributions and explore additional investment opportunities.

Family Planning: If starting a family, budget for related expenses and consider life insurance.

Career Development: Invest in your skills and education for career advancement.

Top 25% Net Worth: SGD 100,000 to SGD 500,000 or more (individual net worth).

In Your 40s:

Retirement Planning: Review and possibly increase contributions to your CPF for retirement planning.

Investments: Diversify investments and consider both short-term and long-term goals.

Debt Reduction: Work on becoming debt-free and reducing outstanding liabilities.

Estate Planning: Start thinking about estate planning, including wills and power of attorney.

Healthcare: Plan for potential healthcare costs in retirement.

Top 25% Net Worth: SGD 500,000 to SGD 1 million or more (individual net worth).

In Your 50s:

Retirement Evaluation: Assess your retirement savings and adjust your plan if necessary.

Catch-Up Contributions: Take advantage of catch-up contributions to CPF and other retirement accounts.

College Savings: If you have children, finalize education savings plans.

Downsizing Consideration: Evaluate housing needs and consider downsizing.

Healthcare: Ensure that your healthcare coverage is sufficient for retirement needs.

Top 25% Net Worth: SGD 1 million to SGD 3 million or more (individual net worth).

In Your 60s:

Retirement Transition: Plan for the transition into retirement, including adjusting living expenses.

CPF: Understand CPF Life options.

Healthcare: Review and update healthcare coverage for retirement.

Estate Planning: Finalize and update estate planning documents.

Legacy Planning: Consider legacy goals, including charitable giving or inheritance plans.

Top 25% Net Worth: SGD 2 million to SGD 5 million or more (individual net worth).

Remember, these are general guidelines, and individual circumstances may warrant adjustments. Regularly review and update your financial plan based on changes in income, expenses, and goals.

Monthly Cost of Living in Singapore for a Single person

 Average Spending of a person in Singapore for cost of living without a car and a house.

1. Housing:

2. • Rent for a one-bedroom apartment in the city center: SGD 2,500
   • Rent for a one-bedroom apartment outside the city center: SGD 1,500

3. Utilities (electricity, heating, cooling, water, garbage):

   • SGD 100 - SGD 150

4. Food:

   • Monthly groceries for one person: SGD 200 - SGD 400
   • Average meal at a mid-range restaurant: SGD 20 - SGD 50

5. Transportation:

   • Monthly public transportation pass: SGD 80 - SGD 120

6. Healthcare:

   • Basic healthcare costs can vary but might range from SGD 50 - SGD 200 or more per month, depending on insurance coverage and medical needs.

7. Entertainment and Miscellaneous:

   • This can vary widely based on personal preferences. Budgeting SGD 200 - SGD 500 for entertainment, dining out, and other miscellaneous expenses could be a rough estimate.

These are general estimates, and actual costs can vary based on lifestyle choices and individual circumstances. Keep in mind that Singapore has a high standard of living with excellent infrastructure, healthcare, and public services, which contributes to the overall cost of living.