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...]
LATEST ARTICLE (SUBSCRIBE TO MY MAILING LIST TO AVOID MISSING THE LATEST)
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...]
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 the 60s with no dependent and assume no liabilities, the two important insurances that are a must have are Medical insurance similar to an integrated shield plans and Long term care similar to Careshield Life. However, recently there was some changes to the integrated shield plans and … [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...]
How do you decide whether to invest or to save?
Question: Wilfred, how do you decide whether to invest or to save? Answer: Savings and investments are the same except that they are like the opposite sides of the same coin. They … [Read More...]
Up to 70% of financial advisers’ recommendations were unsuitable, says MAS mystery shoppers survey
MAS commissioned an external consultant to conduct a mystery shopping exercise in 2012 to determine the quality of advice given out by financial advisers. The MAS mystery shoppers' statistics were … [Read More...]
Case study to generate passive income for retirement planning
In this article, I would like to give a description on a case I worked on to help my clients monetise their existing assets in order to provide for a retirement income. My clients – husband and … [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...]
Strange way of how CPF Interest is calculated & retirement planning
CPF has a rather strange way of calculating interest. In this article, I will explain how CPF interest is calculated and how you can make use of this knowledge to reduce the disadvantage of such a … [Read More...]
Rental income may not be enough to service property loans, warns MAS
"In particular, before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they may not always be able to rely … [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...]
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...]
6 ways to increase your investment returns
1: Asset allocation is critical The most important part of investment is to get the asset allocation right. This is because large proportion of the percent of return variation of a portfolio is … [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...]
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...]