DBS For Young Adults

2021-08-27 10:00:23 Binance’s CEO worked at McDonald’s. Now he’s a crypto billionaire and one of SG’s richest But don’t hop on a just yet.


Cryptocurrency (also known as crypto) is a digital asset that runs on blockchain technology. The value of cryptos are determined by demand, supply and their individual utility.

While potentially yielding fast returns, the crypto market is highly volatile. it’s prudent to have a core investment portfolio before CONSIDERING crypto for further diversification if you have spare cash. Don’t forget, cryptos are not regulated by the Monetary Authority of Singapore (MAS) and you won’t receive any protection should you lose money from dealing with digital tokens. Pls do your due diligence when selecting a crypto exchange.

The Beginner’s Guide to Crypto go.dbs.com/cryptoguidetele


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2021-08-25 10:00:06 Open / Comment

2021-08-23 10:45:30 Current relationship with student debt?

I…dread it
I save for monthly payments
I invest to help w loan interest Open / Comment

2021-08-23 10:45:21 Calling all fresh grads. How does one stay optimistic about things like a promising career when you’re faced with a mountain of student debt the moment you step out into the real world?

There’s no one-size-fits-all strategy when it comes to paying off your loans. But here are some ways to chip at it while living the best life you deserve: go.dbs.com/studentloanstele

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2021-08-20 10:00:06 This million dollar question boils down to YOU


Macs or KFC? Starbucks or Mr Coconut? Like your fave food, both dollar-cost averaging (DCA) and lump-sum investing have their own benefits.

Small monthly investment on repeat OR large sum at a go?
Monthly transaction fee OR annual management fee?
High OR low personalisation?

Undecided? We thought so. That’s why the experts at DBS developed:

Invest-Saver for DCA
digiPortfolio for lump sum investing (psst. It’s a human & roboadvisor hybrid!)

Decisions, decisions. This will help:

ICYMI: We did a deep dive into DCA a while back. Scroll up to 6 Aug’s post to get the download


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2021-08-18 10:00:17 Didn’t apply for your BTO in the end? It’s ok. Our friends at The Woke Salaryman share other options, and what you can do if you’re waiting for a home right now: bit.ly/TWSMPptyMktplace

Remember, baby steps are still steps forward! #hereforyou Open / Comment

2021-08-16 10:00:13 August BTO application ends tomorrow! Which area do you have your on?

Hougang
Jurong East
Kallang Whampoa
Queenstown
Tampines Open / Comment

2021-08-16 10:00:03 It’s BTO season! Tap for important considerations. Btw, an IPA has nothing to do with beer


I’m a Taobao whiz for furniture, but can I afford THE house?

No need to Math. Get help from a Mortgage Affordability Calculator: go.dbs.com/MHPTele

Bank OR HDB loan?
HDB
Currently 2.6%
Downpayment of 10% can be paid by CPF Ordinary Account (OA) Savings

Bank
Depends on fixed / floating (variable) rate
Downpayment of 25%, min. 5% in cash
Potential to unlock higher interest if you have an account (savings, credit card, investment etc) with the same bank.

For bank loans, get an in-principal approval (IPA) to assess eligibility. You can drop it if you change your mind!



Unlock our First Home Starter pack: go.dbs.com/firsthometele (Login with digibank to view, this is not linked to your banking activity)

Buying a home in SG 2021: go.dbs.com/Home2021Tele Open / Comment