Joke of the day

What did dad say when mom asked him to get groceries?

You’ve got to come with me. It’s Twosday.

  • cendawanita@monyet.cc
    5·
    1 year ago

    BTW, come contribute to this regional SEA magazine that i set up on kbin.social: https://kbin.social/m/magASEAN

    And just in case not aware, kbin has a microblog section because they basically slurp content from the fediverse microblogs. If you click on the kbin logo on the left, you can see this nav tab like in the screengrab. The mag tracks posts that put MakanApaToday and TootSEA up top so if you want to also add food and other Fedi posts pls do!

    • Annoyed_🦀 @monyet.cc
      2·
      1 year ago

      I find kbin hard to navigate, always so lost whenever i tried it. Maybe because i treat it like another reddit instead of something new :x

      • cendawanita@monyet.cc
        1·
        1 year ago

        Yeah it’s definitely it’s own beast, closer to being a forum than a reddit imo. I’m also still trying to wrap my head around the use case, tho it was explained to me it’s supposed to be a link aggregator for fediverse content. Kot.

          • cendawanita@monyet.cc
            1·
            1 year ago

            Yaaaa i don’t really know the lore well but before this month, Lemmy was chugging along slowly2 with most ppl on fedi not really finding the need for it + the reputation of the devs being tankies. Kbin not even six months, this kid was just building on PHP code he got elsewhere to do both link aggregation and microblogging. As it was heating up (like shy2 announce got flagship instance etc) more ppl were trying it out (because non-tankie option? Wheeee). ETA: and unlike Lemmy the aggregation to include Fedi content is why the microblog section of the magazines slurps content from other blogs. Then Reddit Migration happened lmao. The tankie issue is still there but the redditor energy of doing their instances or choosing the existing non-tankie ones, and more developer energy to layan a fork should anything happen is also why Lemmy got a fresh burst of life, frankly.

    • Enchanted@monyet.cc
      1·
      1 year ago

      Yay! My boyfriend will be attending with me too (if we can get tickets). Any idea how much they will cost?

      • unhedged@monyet.cc
        1·
        1 year ago

        According to news articles, S$108 and up. Haven’t seen any more info about pricing yet though.

        Very appropriate username for this discussion haha

        • Enchanted@monyet.cc
          1·
          1 year ago

          Time to save up 🥹

          Yeah I registered at once to get my favourite song 😍

          All the best to you in getting the tix!

          • unhedged@monyet.cc
            1·
            1 year ago

            Thank you sis! BTW ticket pricing info is on ticketmaster.sg already. On the Taylor Swift page you can scroll down and see the various categories. Quite in line with the US pricing i think. No nasty surprises.

  • Naomikho@monyet.cc
    3·
    1 year ago

    Thoughts on this insurance? My current company’s insurance coverage is very good, but it might not be the same once I jump ship. I’m thinking that maybe I can go with this insurance for a few years, then purchase a better plan later. Is this a good idea?

    • unhedged@monyet.cc
      4·
      1 year ago

      Almost all the popular insurance plans you can get on that market are kind of fixed payment format. Every month (or year) you put in a fixed amount money into a fund. The cost of insurance of that month is taken out, the balance is invested in various financial products.

      When you are young, the cost of insurance is very low (lower likelihood of problems like cancer and heart problems in a 25 year old vs 65 year old), so most of the monthly contributions are put into investment.

      As you get older, the cost to insure becomes higher. When you’re really old, the monthly cost of insurance is so high that they start to use money in the fund.

      That’s how insurance is kept at a fixed cost for the whole program, despite you getting older and more problematic.

      Which is also why people say to start insurance early, because when you start contributing early you get used to making regular payments, and you are investing money for your future insurance.

      In a way, you can say this insurance in this form is both to spread the financial risk of illness over a larger population, and also to spread the financial impact of insurance over your lifetime.

      So for noobs like you and me, it is better to just do it.

      For the financially savvy types who really know what they are doing, they can choose to purely insure on a year-to-year basis with no investment done inside. This means that insurance payments are cheap when they are young, and VERY expensive when they are old.

      I’m thinking that maybe I can go with this insurance for a few years, then purchase a better plan later. Is this a good idea?

      In light of the above, no. Start your policy now and it will be a way to capture your contributions to start investing and saving up a fund. This money will then be used to partially contribute for your future insurance costs.

      All policies have a maximum total amount that you can claim. So if you are hospitalised or whatever now, use your company’s insurance first. Keep your own claims budget for when you need it.

      • Naomikho@monyet.cc
        4·
        1 year ago

        I see many people saying investment linked policies are bad though… And ILPs especially have very high commission fees which throws people off. Should I be wary of these? I do plan to start my own financial investments pretty soon too 😥

        • unhedged@monyet.cc
          1·
          1 year ago

          TBH, for me the benefits of ILP outweighs the fees.

          If you don’t do ILP, you can do term insurance (insure-as-you-go, but I couldn’t think of that term earlier). Then you need to manage your own investments. Which is a lot of knowledge, time, effort I and many people just don’t have.

          I guess if you’re already got a long, long term plan for investments you can look into this seriously. Put in money into your own investments, and only pay a bit for current insurance. Then let that money grow, but be aware that in your later years you’re going to have to pay a HUGE premium for you term insurance as you get more susceptible to ageing problems.

          • Naomikho@monyet.cc
            2·
            1 year ago

            Yeah I’m aware of that… But I probably start it too late either. The latest I intend to start is 5 years later, and if I seem my financial stability good enough I’ll start earlier

            I guess people saying ILP are scams made me really paranoid. And I realize that even ILP can’t protect from rising costs and you might still have to increase the amount you pay. Most people came out saying it wasn’t worth it anymore and just stopped?

            • cendawanita@monyet.cc
              3·
              1 year ago

              They’re not scams per se, it’s just their dividend payouts don’t really come higher than market returns. Which makes sense then if you just go straight to an index fund. But we don’t have those. The closest we have are mutual funds that acts like index funds.

              Investment i do believe is something you ought to decouple from insurance. And seeing your answer I just want to emphasize that because your early 30s is the absolute last best time to get a good rate on your premiums so if you need to prioritize, priority should go to insurance (you’re likely not to have chronic conditions, so they can’t deny you coverage for preexisting etc. You want them on the hook for having to cover your diabetes for example, not give them the opportunity to deny this + you have to pay higher premium because higher risk)

            • unhedged@monyet.cc
              1·
              1 year ago

              Maybe some people have a wrong expectation of insurance. Eg, if pay monthly then everything can settle.

              So when things don’t happen as they thought, they feel cheated and vent to the world.

              I sound like an insurance salesman. I’m honestly not ok. I do a totally differnent line of work.

              • Naomikho@monyet.cc
                1·
                1 year ago

                That sounds fair… I guess it’s all about the ezpectations. And no I’m not you are an insurance salesman haha 😂

        • cendawanita@monyet.cc
          1·
          1 year ago

          Investment-linked policies also have different types and they will ask what’s your risk appetite and how soon do you want to see returns.

          I’ll say this much: with few exceptions, not a single fund can beat the market overall. Some years you’ll do better, some years you’ll do worse. Consider it as a way to park excess money, but if you’re eligible for the Amanah Sahams, take those instead.

            • cendawanita@monyet.cc
              0·
              1 year ago

              I’d say so, but ILPs will be a dominant part of a typical agent’s sales pitch so if you don’t prep you might get caught up by their catalogue. But at least you got that clear!

              • Naomikho@monyet.cc
                2·
                1 year ago

                Thanks for the great insight by the way! The one thing that bothered me is the base plan was life insurance and TPD, which wasn’t what I really wanted(I’m mainly looking for medical insurance). I guess I just need to think what I really and get a plan that I really need, then only add riders as years go on.

      • cendawanita@monyet.cc
        2·
        1 year ago

        +1 on not shopping around for insurance every few years - your premiums do get recalculated when you switch (i.e. you can’t say I got such and such rate from precious package). So if you can afford a good package go for it. If your company offers a package that’s also good - but pursue your own. The company insurance thing is an American norm that got exported (make money mah) but one consequence is that it’s meant to keep you tied to a company (because in the US especially the risk of having no cheap coverage is real - this is not the same for us luckily). So think of the company plan as a benefit, but not your actual insurance. If you have both, simply use the company one first so your personal premium won’t be affected (because no paperwork to induce them to recalculate your risk).

        With this insurance package it’s a good option but it does assume even as b40 you can get online. So there’s this dimension. But insurance coverage is definitely an issue (especially for a society like us that prefer to privatize a range of social protection instead of expanding the public spending here) so i can see why this is being in the regulatory sandbox (IE they’re testing to see if this can be viable - it’s not quite as experimental as a pilot so that’s good).

        Would i say this is good tho? Based on the video, it depends. A lot of the stuff they want to cover is basic stuff but most people in the market they target don’t even have that.

        • Naomikho@monyet.cc
          1·
          1 year ago

          I see… It’s just that I prefer not to jump too fast into purchasing insurance and I don’t want to spend too much and get over insured :( I’m still doing research on what’s the best way to move on

          • cendawanita@monyet.cc
            1·
            1 year ago

            One way to keep your head straight and not be tempted by all the riders (extra package) is to shop for the one that can give life + medical basic coverage of up to 99 years with a monthly premium you can tahan. That’s it. You can always add the riders later. But if you want to consider, consider the one with the women health coverage - that’s always a good rider.

            Of course, the most ideal scenario is to not think about this at all because we all get universal public health coverage with decent service. But we know that’s a sector that’s dying of a thousand cuts (to the budget)

            (And you’ll always be over insured… Since it’s an industry of probabilities they are counting on you not getting hit by a terrible accident. Idk if that pov helps lololol)

  • TheV_game@monyet.cc
    2·
    1 year ago

    Anyone knows where to play pickle ball in Malaysia? Just wanna experience it, heard there’s a club on top of 1u but seems too atas for me

  • zen@monyet.cc
    2·
    1 year ago

    was it just me, or did this site go down (gateway time-out) for a short while at around 7pm?

    • Naomikho@monyet.cc
      3·
      1 year ago

      Hey guys… sorry to inform that there was an issue with the server earlier. But everything is back to normal for now. 😅I am currently investigating the issue