The IQS Performance Fund invests in managed futures. It is a super high risk fund and had a super performance of more than 6000% returns from 1995 to 2010. It is only offered to Accredited Investors. After 2010, it lost so much that it almost gave up all those nice past performance. From end of 2010 to 30 Oct 2015, the IQS Performance Fund lost nearly 79.73%. Many investors bought the fund … [Read more...]
These are the list of articles relevant to high networth individuals
The Disastrous Premier Diversified Property Fund
The Premier Diversified Property Fund invests in commercial properties in the United Kingdom. It was only offered to Accredited Investors. The Premier Diversified Property Fund was launched in 2002 and had a whopping return of about cumulatively 45% for 5 years. Its volatility was almost as low as risk-free. I, like many financial advisers, were approached to market this … [Read more...]
New Earth Solutions Recycling Facilities Fund, aka ‘Rubbish Fund’
The New Earth Fund invests in recycling facilities in the United Kingdom. We IFA gave it the nickname the “Rubbish Fund” and it is only for ‘Accredited Investors’. Like many investments marketed to Accredited Investors, it represents a nightmare. The historical performance was impressive delivering 68.5% cumulative return since launch on July 2008 to March 2015. Check out the performance below … [Read more...]
What is Accredited investor?
Accredited investor means an individual: whose net personal assets exceed in value $2 million (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of the first amount; or whose income in the preceding 12 months is not less than $300,000 (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe in place of … [Read more...]
Case study of a typical 2nd generation high networth portfolio
Sometime ago I met an individual who wanted to consult me on his investment portfolio. One of the bond that he bought from a bank had defaulted. He was concerned that more bonds in his portfolio will default. The bond that defaulted consist of only a negligible portion of his portfolio (approximately less than 1.5%). Mathematically there is no cause of concern. But upon more fact finding, I … [Read more...]
Manulife Heirloom (I) product specifications
The Manulife Heirloom (I) is a Universal Life. This policy is issued from the Manulife insurer in Singapore. You are reading this article because your relationship manger, a Manulife agent or an independent financial adviser proposed to you this product. This article provides a brief outline of the product specifications of the Manulife Heirloom. If you require more information on Universal Life, … [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 very popular in Singapore and Hong Kong. I always get enquires from individuals in these two countries seeking my second opinion. 1. How to get proper documentation on Universal Life? Many financial … [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% claimed to have begun to plan for retirement Asset allocation is the same regardless of the difference phases of retirement planning. Asset allocation is something like: 60% in stocks 40% in … [Read more...]
Case study on simple integration of retirement & special needs planning
A client of mine has a daughter who suffers from Down syndrome. He wants to do some special needs planning for her but is not prepared to go through a thorough estate planning service because he has yet to decide on how to deal with many of his assets. Hence, he and his wife do not wish to write their wills (yet). They are also not prepared to go through a very detailed planning with me … [Read more...]
The curse of the 3rd generation high networth individuals
I want to tell a fictitious story of Mr. Sam and his family. Mr. Sam Senior started work as a salesman when he was just 18 years old. He worked hard and become very good in what he was doing. At age 30, he decided to setup his own business only to become bankrupt when he was just 35. It took him another 15 years to get himself out of bankruptcy. At age of 50, he became his own boss again. For … [Read more...]
