This is a talk to PSA recorded live on 17 July 2023. https://www.youtube.com/watch?v=ceIwmpOYIwI … [Read More...]
LATEST ARTICLE (SUBSCRIBE TO MY MAILING LIST TO AVOID MISSING THE LATEST)
Should You Buy Insurance From Friends?
https://www.youtube.com/watch?v=IbXP_sUiF8M Question: So should I buy insurance from friends? Answer: No, you should not buy insurance from your friend if your friend has little experience. Do not buy insurance or anything from your friend just for the sake of support. Buy because you felt that the advice given was good and the product suits you. A true friend is the one who will look out for you. A true friend is the one who will recommend an appropriate investment or insurance … [Read More...]
Wilfred Ling’s Story, the beginning
https://www.youtube.com/watch?v=Yu1lzL8ra7s … [Read More...]
Three Approaches to Investments
Someone wrote to me the following comment: “I invested via Endowus, Sfye, Moneyowl and Stashaway. None of them are doing well. I am very sad. I thought ETFs could weather the storms better than investing in individual stocks.” Do you resonate with the above statement? If you do, continue to read this newsletter. One of the main reasons why many investors are not satisfied with their investments is due to not being aware that there are three approaches in investments. Market … [Read More...]
How to create your own dividends paying portfolio
The other day, one of my clients informed me that he plans to take early retirement. Despite being below the statutory retirement age, his employer is offering a special package to encourage employees to voluntarily leave the company due to the ongoing economic recession. Rather than waiting for conditions to deteriorate further, he decided to apply for the early retirement package. During our conversation, he emphasized the importance of converting his investment portfolio to one that generates … [Read More...]
Featured articles
60’s with no dependants – which insurance is a must have and nice to have?
Question: Question: For someone in their 60s and no more dependent, which other insurance is a must have and what are the nice to have? Answer: Insurance for medical For someone in … [Read More...]
What Can You Invest If You Have $400k?
Question: I have about $400,000 to invest. I would prefer something safe, what should I do? Answer: For capital guaranteed product, I recommend Singapore Saving Bond. First because you can … [Read More...]
My Retirement Pastime with iFAST TV
Here is an interview with iFAST TV on my retirement pass time. Haha.. … [Read More...]
High Savings Account Or Bonds?
Question: Can I just put my money in high interest savings account rather than buying bonds? Answer: The advantage of these high interest saving account is that the minimum entry amount is very … [Read More...]
Off-label cancer treatments cannot be covered by Integrated shield plans
With effect from April 2023, off-label cancer treatments will no longer be covered by your integrated shield plans. What are integrated shield plans? Integrated shield plans are insurance products … [Read More...]
What are the recommended dividend stocks in Singapore for retirement?
1. It is not recommended to invest for the sake of dividends I am not in favour of investing for the sake of dividends. I am not saying that we should not invest in stock that pays dividend. However, … [Read More...]
Why are your prospects paying expensive investment courses instead of consulting you?
This video is for financial advisers. However, it is also somewhat relevant to those who are not financial advisors. Can I ask you something? Have you wondered whom do prospects normally go to find … [Read More...]
Now is the time to start investing
Hi, this is Wilfred Ling. I just felt the need to record this video because I have something really important to speak to you. Having been a financial planning practitioner for 16 years, … [Read More...]
Market keeps crashing, what stocks to buy now?
Question: The market keeps crashing. People are asking what is the shopping list, for stocks, what should they be buying during this market crash? Answer: We are having a what you call bear … [Read More...]
What is the expected returns if you invest now?
The stock market, S&P 500 is now at bear territory. That means that a bear territory means when the index falls by more than 20%. However, many blue chips stocks have actually fallen much more than … [Read More...]
featured articles
It’s too late to do retirement planning when old, says Citi-SMU
According to Citi-SMU (SingaporeManagement University) symposium on financial Literacy for young adults, it is important to start managing one's finances when young. This is because picking up … [Read More...]
Women likely to be financially worst off after retirement
The latest survey conducted by HSBC Future of Retirement (Healthy New Beginnings) Singapore Report reported that: 32% of women say that their actual financial situation got worst after retirement … [Read More...]
The risk of using investments for retirement are often underestimated
In this article, I want to write about a little-known danger when using investments to support one’s retirement. Very often, I hear of clients using stocks and REITs as a source of income to support … [Read More...]
Free advice is going to cost you your entire HDB flat!
Everybody I know is concerned about their salary because they want to save for retirement. Financial advisers are no different from the human being next door. They need to earn a living as well. … [Read More...]
3 Reasons Singaporeans Cannot Retire
Do you know that a survey shows that Singaporeans comes up number one in financial literacy? The strange thing is that in the same survey, it was found Singaporeans failed in retirement … [Read More...]
MAS gives examples of illegal sales tactics for the Balance Scorecard
In 2015, there will be new laws governing the conduct of financial advisers in Singapore. Despite large number of laws governing the manner which financial advisers must act, majority of these laws … [Read More...]
HSBC The Future of Retirement: 78% worried about not having enough for retirement
HSBC made a survey called “Future of Retirement” and it was found that: 1/3 of Singaporeans expect their standard of living to fall when they retire. 78% of working-age Singaporeans are worried … [Read More...]
Why financial advisers must abandon their clients?
I often hear of complains from clients that their previous advisers stop contacting them after a few years. Clients often felt that their advisers were just out to make money but did not bother about … [Read More...]
Why private banking clients have no asset allocation skills?
A UBS survey among high networth individuals in Singapore and Hong Kong revealed interesting findings: 62% of investors admitted that they did not know how much to save for retirement Only 1% … [Read More...]
3 common excuses to delay retirement planning
In the HSBC’s latest global report, Generations and journeys, a whopping 59% of retirees is using cash savings/ deposits to help them fund their retirement. There were other worrisome findings … [Read More...]