Wilfred Ling, The IFA on Duty

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CPF Retirement Sum Scheme

31, January 2019 By Wilfred Ling Leave a Comment

Although CPF Life is compulsory, there are those who will not be automatically enrolled. If your age and CPF Retirement Account meets the following, you will automatically be enrolled to CPF Life. Otherwise, you stay at the Retirement Sum Scheme. What is the Retirement Sum Scheme? Under this scheme, the CPF Retirement Account will be drawndown on a monthy basis starting 65 (the minimum payout age) until up to 95 years old. Most people may be confused with the CPF Minimum Sum Scheme … [Read More...]

How money is created through the reserve ratio and why it is important know?

30, January 2019 By Wilfred Ling Leave a Comment

Have you thought of how money is created? You need to understand the mechanism of how money is created because the supply of money has an influence over an economy. If there is large increase in money supply, it encourages economy activities but drives up inflation. If there is a decrease in money supply, it discourages economic activities but could push down prices of goods and running the risk of deflation. There are generally three ways which central banks control money supply: interest … [Read More...]

Featured articles

What is meant by utmost good faith (uberrima fides)?

23, December 2018 By Wilfred Ling Leave a Comment

When applying for insurance, the principal of utmost good faith applies. The Latin equivalent of 'utmost good faith' is uberrima fides. The principal of utmost good faith or Uberrima fides means … [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

What we can learn from Warren Buffett? Part 4

26, September 2018 By Wilfred Ling Leave a Comment

This is a multi part article. For the previous article, you can read it here: What we can learn from Warren Buffett? Part 3. Do not get emotional Warren Buffett is not perfect. We can learn from his … [Read More...]

If an insurance company pays claims that are much less than the premium collected, does it mean the product is priced too expensive?

19, September 2018 By Wilfred Ling Leave a Comment

I saw this Facebook post the other day and I felt it is one of the most common misconception about insurance. The Eldershield is meant for old age but the pool is young and so the claims are low. … [Read More...]

Dimensional Funds are now available for retail investors

12, September 2018 By Wilfred Ling Leave a Comment

For those who are into index investing will know how frustrating it is to do so. Vanguard has decided only to make its index funds available to Accredited Investors. Those who prefer to invest in MAS … [Read More...]

What we can learn from Warren Buffett? Part 3

5, September 2018 By Wilfred Ling Leave a Comment

This is a multi part article. For the previous article, you can read here: What we can learn from Warren Buffett? Part 2. Treat the investment as a business Unlike many investors, Warren Buffett … [Read More...]

What we can learn from Warren Buffett? Part 2

29, August 2018 By Wilfred Ling Leave a Comment

This is a multiple part article. For the previous article, please refer to this article: What we can learn from Warren Buffett? Part 1 Having a diversified portfolio As at end of 2017, SEC 13F … [Read More...]

What we can learn from Warren Buffett? Part 1

22, August 2018 By Wilfred Ling Leave a Comment

BYD Co Ltd was listed on the Hong Kong exchange in 2002. It was one of China’s biggest rechargeable batteries maker. Berkshire Hathaway - the holding company which Warren Buffett is the largest … [Read More...]

Share Repurchase vs dividends

9, August 2018 By Wilfred Ling Leave a Comment

Many investors understand what dividends are. However, not many realized that there is another type of invisible dividends that is called the share repurchase. Both shares repurchase and dividends … [Read More...]

SingHealth breach: what does it mean to lose your data

21, July 2018 By Wilfred Ling 4 Comments

By now everybody would have read in the news that 1.5 million SingHealth’s patients’ information were stolen. Singapore has a population of 5.79 million. So 26% of the population got their personal … [Read More...]

Why this company’s stock price plunged despite large profit announcement?

30, April 2018 By Wilfred Ling Leave a Comment

Q: Wilfred, Company X5 announced on 8th March 2018 that its full year results for 2017 was US$163 million in earnings. This was significantly larger than that in 2016 of only $6.7 million. However, … [Read More...]

featured articles

3 Reasons Singaporeans Cannot Retire

20, June 2016 By Wilfred Ling 6 Comments

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...]

CPF: How to Accumulate $1m in your CPF by 57?

23, May 2015 By Wilfred Ling 16 Comments

I read from the CPF’s AREYOUREADY facebook about a man named Loo Cheng Chuan who believes he can accumulate $1m in his CPF. Is this really possible? The article did not provide any mathematics. I … [Read More...]

It’s too late to do retirement planning when old, says Citi-SMU

21, July 2014 By Wilfred Ling Leave a Comment

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...]

The risk of using investments for retirement are often underestimated

26, July 2017 By Wilfred Ling 2 Comments

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...]

Up to 70% of financial advisers’ recommendations were unsuitable, says MAS mystery shoppers survey

11, July 2012 By Wilfred Ling Leave a Comment

MAS commissioned an external consultant to conduct a mystery shopping exercise in 2012 to determine the quality of advice given out by financial advisers[1]. The MAS mystery shoppers' statistics were … [Read More...]

ST forum: Guarantee CPF Life solvency for peace of mind

15, August 2014 By Wilfred Ling 4 Comments

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...]

Get Full Report on CPF Life with Escalating payouts and the Lifetime Retirement Investment Scheme

4, August 2016 By Wilfred Ling Leave a Comment

The government announced that it has decided to introduce two new CPF schemes: CPF Life with escalating payout feature and the Lifetime Retirement Investment scheme. CPF Life with Escalating … [Read More...]

Women likely to be financially worst off after retirement

26, March 2016 By Wilfred Ling 4 Comments

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...]

Key in the surrender value and death benefit at the age the policy is terminated

Tips in selecting a Universal Life

25, April 2016 By Wilfred Ling 7 Comments

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...]

Free advice is going to cost you your entire HDB flat!

4, January 2010 By Wilfred Ling 2 Comments

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...]

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