Singapore Financial Consultants Share Their Reflections on 2019 and... Eh, you get it.

Updated: Sep 28

Sorry for not being influencer enough, lah.

Last week, DollarsandSense compiled a list of sharing from some of Singapore’s Financial Influencers. Surprisingly, not a single one of them has ever had a MAS license for influencing, particularly if you ever have to take serious responsibility for someone you influence. Naturally - Money Maverick has asked some of Singapore’s Financial Consultants - people from various other firms and specialties. Thankfully, every single one of the following operates ethically and competently.

Aside from their own unique brand of influencing - through Facebook groups, Instagram, Blogs, Telegram and the like, I actually have quite a lot of respect for them and the impact they have on people's lives.

Here's some of their reflections, lessons, resolutions…

You get it.

Hariz Arthur Maloy

Independent Financial Advisor Representative at Promiseland Independent

No # preference, but probably #seedlygod [inserted here by Money Maverick]

#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, etc?

Reliance on cold prospecting methods from Facebook has been less important - a good chunk of business has come from readers of my contributions on the Seedly Q&A, FB groups, and even from some telegram finance channels.

I've maintained my stance on not soliciting and getting people to PM me for no reason, so this influx has been a pleasant surprise. I would say I'd get message requests on fb, or random emails or telegram chats at least twice or thrice a week.

I've continued work around the region to support and improve one another in the communities I’m involved in.

But I'm glad the year is coming to an end. I could've have worked harder especially at the start of 2019, and I want to go through a full year working hard.

#2 What are the biggest lessons you learnt from 2019?

Strength in numbers - I've had the opportunity to be contributing to various communities consisting of both regular Joe's and a few enthusiasts, to expert groups, to rubbing shoulders with the CEOs of advisory firms, insurers, even international insurance organisations.

We're all here to understand how to have a better life for ourselves and our loved ones with better use of money and resources. Everyone needs help.

And I'm just glad some of them have chosen me as a trusted professional and practitioner to assist, but I can't help everyone. We need to learn to help each other more effectively at a community level.

#3 What are your personal resolutions (finance or otherwise) for 2020?

I want to launch my book (that I've been procrastinating on since September) to be out before the end of the first quarter of 2020.

I want to also start my podcast. Something casual, not too technical. Just good conversations on things we can do to improve our financial health.

And I believe lastly, to get into the credit card game. I've had bad flashbacks to just a few years ago when I was struggling to pay my education loan, affecting my credit score and my BTO application. Bad times.

But I've been missing out. Since I expect to travel a lot more this coming year, I should be getting rewarded for it. Saving on our spending even by 3-5% adds up. And the miles game is fascinating.

Riley Koh

Riley Financial Planning


#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, and Riley Financial Planning?

2019 was pretty alright. There's been a boost in personal savings, but not up to expected growth yet.

In addition to learning how to offer a wider range of accumulation plans successfully, I’m proud to say I'm settled for risk management (at this stage-for now!)

For Riley Financial Planning, I've decided to gear more towards a combination of lifestyle + finance and motivating myself to step out of my comfort zone by doing more branding (RileyLivegreat)

Will learn to incorporate more of personal styling into it so as to have my own unique USP.

#2 What are the biggest lessons you learnt from 2019?

Never ever be complacent and procrastination kills.

Attended my first MDRT conference and was overwhelmed by the utmost enthusiasm and learning spirits of the giants. Sometimes I tend to slip into my comfort zone and end up achieving my goals at a later phrase, but time waits for no one.

Keep progressing, and always have belief in yourself.

#3 What are your personal resolutions (finance or otherwise) for 2020?

Setting more time for myself and my loved ones as I'm quite a workaholic. (Love what you do so you won't think it's work!)

At the same time increasing my personal savings by 20% so that my savings won't dip after the wedding expenses. Also looking forward to deploying more funds into investments so as to grow my passive income pot.

Lean Jun Xian Investment Therapy


#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, and Investment Therapy?

After having a good return from 2018 with my personal short term trading, I think I have pushed my luck too far to expect the same kind of return in 2019. I was lucky to have diversified my long term and short term investment separately, although I might have took off some profit from my long term investment because of the seemingly confused market in 2019.

#2 What are the biggest lessons you learnt from 2019?

This is the first time that I am fully exposed to re-investment risk as I was fearful of the market volatility. Instead of adding more capital to it, I started to take off profit (it does not mean right or wrong). I invest almost nothing for my 2nd half of 2019, except continuing to re-invest my REITs dividends to buy more share units.

I am seeing a very interesting era where countries are maintaining very low interest rate, some with zero or even negative rates. I also realize that journey of learning investment does not stop after you start making profit.

Times change. So does the market, too.

#3 What are your personal resolutions (finance or otherwise) for 2020?

Planning to work hard for my active income and waiting patiently for the next opportunity to come.

Continue to learn new things and create positive energy to share with my friends and families.

Mikayla Ng

Financial Consultant at Prudential #miktherightchoice

#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, etc?

Anyone who knows me would know I am NOT an investment girl. I’m really not big on numbers or market trends, so I pride myself on something entirely different: Protection.

In 2019, I’m proud that I’ve converted a high number of single, young minds from blind fixation on growing money, to secure their protection portfolio first. After all, without health what would you do with all the wealth, right? That being said, both aspects are important.

Think of your financial portfolio as an umbrella- if there are any holes at all, you’ll still get wet when the rainy days roll around.

#2 What are the biggest lessons you learnt from 2019?

It’s important to have goals, an end point in mind that you can visualise. Make it so clear that you fall asleep and wake up picturing it- that’s the only way you will not procrastinate or lose motivation.

Your life is what you make of it.

Have big dreams, but at the same time make sure you come up with each step to take towards your goals. Control the controllables, and don’t worry so much about the rest.

Plus, get your insurance young. (I’ll tell you why in person :-))

#3 What are your personal resolutions (finance or otherwise) for 2020?

At the top of the list is to really let go of all mind blocks. Someone told me- your face isn’t worth more than your career. It’s really true and resonates with me... so those who know me, get ready for my phone call in 2020! Or you can always contact me first.

That, and put to all the ideas I’ve been prepping for in Q4 2019 into fruition. I’m like an Energizer bunny when I have new ideas and then I overload myself. Then again, if not now, when?

I also wish to meet at least 50 new people. I think it’s interesting and I love hearing your stories. So you can make my life easier by reaching out to me yeah ;)

Loh Tat Tian

PolicyWoke Pte Ltd

#tradedendowments #notafinancialconsultantthough

#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, and ValueMatrix?

During 2019 I became a bit more woke and used personal finance hacks whenever I could, so that was good. My investment portfolio was largely redirected back into the business.

ValueMatrix evolved into Policy Woke Pte Ltd - and roped in more people. It was a good year overall.

#2 What are the biggest lessons you learnt from 2019?

Speed is very important in business and finance alike.

I also learnt a few new ways to overcome lethargic energies.

#3 What are your personal resolutions (finance or otherwise) for 2020?

To grow PolicyWoke Pte. Ltd, and to help others grow their personal asset valuation.

Luke Ho

Money Maverick, Caring Bliss Co-Founder


#1 Looking back, how was the 2019 for you – in terms of personal finance, investment portfolio, and Money Maverick?

My personal finance side was a little rough. When increasing business expenses, I didn’t budget as effectively as I could. Thankfully, my investment portfolio did well this year, ranging from 12% to 30+% this year.

Money Maverick probably had it’s most successful year for both business and features. We’ve doubled our viewership this year despite quite a significant hiatus, and hopefully much more with rebranding finally being complete. I’m very grateful.

…Although that’s not saying much, because it’s only been around for two years... (We even fell off the Top 20 Investment Blogs for lack of producing content regularly.)

I was able to help a lot more people and a wider range of solutions with more confidence, at least.

#2 What are the biggest lessons you learnt from 2019?

I learnt that being good at a job doesn’t automatically make you a capable teacher - or future manager, in my case.

Teaching Finance to a client or a reader is one thing - trying to teach someone how to do my job is an entire thing altogether. You are not entitled to respect and obedience and results just because you are remotely competent. People value many other things as well.

It was a harsh lesson, but I’m trying to learn it.

#3 What are your personal resolutions (finance or otherwise) for 2020?

I’d really like to learn better management and people skills. This would not only help me with a team in the future, but back end servicing for client inquiries and amendments would be faster and clearer.

CaringBliss has been put on the back-burner for a while now, but I am hoping to work with additional competent specialists to get insurance to those who need them most - the chronically disadvantaged and autistic.

I also hope to release videos and higher quality written content on Money Maverick, so that my business can develop a stronger reputation. And of course, that investments will continue to do well instead of (greedily) anticipating a market crash.


Money Maverick believes that the biggest Financial Influences in your life need to be competent, ethical - and more importantly, capable of sustaining a long term business relationship with you.

We'd love to see you at the Seedly Finance Festival this year, amongst other events - and see how we can be a great positive financial influence in your lives. Have a great 2020,

Money Maverick

Investments are also available using CPF (Ordinary Account), SRS (Supplementary Retirement Scheme) and Cash.

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