For those who has read my blog for some time is well aware that I am against the way many Singaporeans invest in properties. In this blog, I will be doing the same except that I will be providing more figures to proof that property investment is an illogical investment. Myth #1: Assuming interest will be low forever One of the major mistake when purchasing property is to assume the low interest rate environment will last forever. Nothing last forever. Many people tells me that if interest … [Read More...]
LATEST ARTICLE (SUBSCRIBE TO MY MAILING LIST TO AVOID MISSING THE LATEST)
When insurance agents jump ship, clients may suffer
For those who does not read newspaper, the Sunday Times has an article today on the potential problems that could occur when insurance agents are being poached (When insurance agents jump ship, clients may suffer, 24 September 2017 Sunday Times). The following is a summary: 300 Great Eastern agents mass resigned to join AIA Financial Advisers. AIA Financial Advisers in turn paid $100 million to them. 250 Prudential agents mass resigned to join Aviva last year but the amount Aviva paid … [Read More...]
Featured articles
3 Costly Mistakes to Avoid in Retirement Planning (Facebook Live)
Topic: 3 Costly Mistakes to Avoid in Retirement Planning. Date/time: 16 September 2017 10am (SGT). Duration: 1 hour. URL: … [Read More...]
Conservative Account (for existing clients only)
This is an announcement for existing clients. The Conservative Account is an investment that aims to provide a return of 2-4% per annum (inclusive of dividends) with low volatility. The Account … Read more
A retirement product to be avoided at all cost (This post comes with an IRR calculator)
Not too long ago, I met a client who purchased the most horrible retirement product on planet earth. Apparently, his relationship manager used a Universal Life policy as a retirement product. The … [Read More...]
CPF Life Standard default plan is the worst of the two (22 June 2017 update to the new booklet)
This article was originally written in 8 July 2014 and has been updated to reflect the latest changes. Question: "Wilfred, can you take a few minutes to look at an example of a CPF life annuity … [Read More...]
Dementia and Financial Planning (Facebook Live)
More than 1 out of 2 senior citizens are predicted to suffer from dementia resulting in partial or total lost of mental capacity. Like all financial planning matters, planning for this eventuality has … [Read More...]
Why Retirees Tend to Invest in Ponzi?
Recently, there was a report that there was a Ponzi Scheme in Australia which many investors suffered large loses. The company was alleged to have got investors to invest in property development. … [Read More...]
CPF Top-up at 79 years old, an actual case
One of my client – who is 79 years old - was thinking of how to make his money work harder as his fixed deposit was earning just 1.2%pa. So I suggested to my client to consider to do a CPF top-up … [Read More...]
More choices with Robo-advisers, more specialisation or more confusion?
In recent times, there have been a sudden increase in number of financial institutions that provide financial advice. I am not just referring to the quantity but the type of financial institutions … [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...]
Should I convert/sell (fill in the blank) as I made a lost?
I always get this question from clients whether should they convert their USD or GBP (or whatever foreign currencies) to SGD (or to other currencies). Similarly, I am always asked whether should they … [Read More...]
For young children: Multiple Early, Intermediate and Severe Stage Critical Illness Package (promotion ENDED)
This promotion is meant parents who are looking to purchase insurances for their children. Promotion Summary Insurance Planning fee is WAVIED if you buy an insurance product that provides Multiple … Read more
featured articles
(Another) 4 reasons why Singaporeans and you cannot retire
There was a report that an aircraft technician was worried that he may be force to retire when he turns 65 years old this Saturday. This is because the re-employment age ceiling will increase from 65 … [Read More...]
Examples of mis-selling an insurance
In this short article, I will show how insurance products are mis-sold to unsuspecting customers. This article also serves as an education short write-up for existing financial advisers because they … [Read More...]
Vacuum Cleaners and Financial Services
What has Vacuum Cleaners salesperson and the Financial Adviser has in common? You'll be surprise there are many similarities. First publish in The Online Citizen, Wilfred Ling tell us what the … [Read More...]
Why you should NOT select your CPF Life plan at 55
CPF Life has undergone another change. Before the CPF Life change At age 55, the CPF Member has to choose whether he or she wish to enrol in the CPF Life Standard Plan or CPF Life Basic Plan. After … [Read More...]
Case study on CPF Retirement Sum Topping-Up Scheme resource optimisation
One of the most time consuming task I have to do for comprehensive financial planning is often related to the allocation of limited resources. Under comprehensive financial planning, there are a … [Read More...]
ST forum: Guarantee CPF Life solvency for peace of mind
The following letter was published in Straits Times Forum page on 13 August 2014 regarding CPF Life solvency: Guarantee CPF Life solvency for peace of mind THERE is merit in removing the Central … [Read More...]
High networth asking govt for help because of poor financial planning
There was a letter written to the Sunday Times on 19th February 2017 about a high networth (or at least behaving like one) who was so cash scrapped that she asked whether the government can help her. … [Read More...]
Tips in selecting a Universal Life
Stroll down to the end of this page if you are looking for the Universal Life Calculator I created. Universal Life products are often marketed to the high networth individuals. It appears to be … [Read More...]
