How to Bag Yourself a Top Insurance Agent in Singapore (Version 2.0)
With Consultants dropping out of your life like flies, this could be a useful guide to nailing a good one.
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- Sep 12, 2019
- 6 min
A Story of Wealth Creation, and Why Investing Isn't a Zero-sum game
ft. Some Simple Investment Concepts I recently got especially annoyed at someone who had been giving fairly bad advice. Maybe it was because I had high expectations of him and even recommended him a prospect for US-equities investing. One of the reasons for my annoyance was because he stated that investing was undoubtedly a zero-sum game when it isn't. Seriously. It isn’t. You are not stealing or taking money from someone to increase your own wealth or worse, compound it. The
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- Sep 12, 2019
- 7 min
Not Salty, Just Honest - Debunking MoneyOwl on Planning
I had a engaging discussion on Unit Trusts with MoneyOwl CEO, Chuin Ting Weber, a week back so I was pretty thrilled to see the team appear in news recently... For a pretty short-lived while. In a Straits Times article, the team quoted, We will integrate CPF to provide a comprehensive financial planning service and impartial advice to help Singaporeans to plan well. This is something uncommon in the current financial planning services as CPF does not pay commission or trailer
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- Sep 12, 2019
- 7 min
My Philosophy as a Financial Advisor and FAQ I get from Clients
My last two weeks were spent in confinement, i.e., Reservist and although it has not been great on work, it did provide me with time to re-connect with the guys as well as read up on a great passion of mine - investments. Forex is such a tricky thing! It also gave me time to address concerns people had about what I did. These are also questions that (would-be) clients ask me all the time so I figured that it'd be useful to compile a few here. I would like you to get to know m
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- Sep 12, 2019
- 5 min
Clearing debts early for a "Peace of Mind" is Overrated - Here's why
A huge range of opportunities open up once you're willing to step out of your comfort zone. There's this line that's been bothering me a lot for the last two years. When I first joined Seedly, one of the questions that came up was from someone who was paying off a low-interest loan. I think it was under 2%. The majority of answers gave this line 'Pay off the debt first, for peace of mind.' I would nod my head upon seeing this answer. Yes, this seems like good, logical advice.
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- Sep 12, 2019
- 6 min
Response to Budget Babe's Open Letter: Probably kinda sorta right...
So. Budget Babe recently released an open letter to insurance agents. It was about as well-received as you can expect; she’s a much better business and marketing person than people think. Whether you liked it, disliked it, agreed, disagreed – it certainly got attention. You can read about it here. Of course, me being me - I would respond. But people hoping for an evisceration will be kind of disappointed, because I largely agreed. Largely. As such, I’m not going to spend time
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- Sep 12, 2019
- 2 min
When it comes to Insurance, Prioritise your Early Critical Illness Plan
The way I see Early Critical (ECI) is that it's a way of evening out the odds. As tech advances, the average Singapore life expectancy also improves. People die older and live with weakened immunity systems longer (8 out of your 82 years of your life, in fact). Throw in Singapore's stress levels and increasingly drug-resistant diseases and you have increased rates of critical illnesses such as cancer and cardiovascular conditions. A study showed that only 20% of working adult
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- Sep 12, 2019
- 4 min
Ditch the Efficient Market Hypothesis if you want to Beat the Market
The EMH stands for the Efficient Market Hypothesis (aka Efficient Market Theory) and it's an investment theory about how share prices reflect all the information available on those shares. Shares are always traded at their fair value and it is therefore impossible to buy undervalued or sell overpriced stocks. In English, it suggests that the market can't be beaten. There is strong support for this theory (e.g. index funds tend to do a lot better than mutual funds in efficient
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- Sep 12, 2019
- 4 min
Do you know if you can handle these 4 psychological problems of BTIR?
When it comes to investing and insurance, a concept you've likely come across is Buying Term and Investing the Rest (BTIR). BTIR is a strategy that gives you the opportunity to beat a whole life (WL) insurance plan. Here's how it works. Plan 1: WL plan with sum assured (SA) $100k and annual premium $3k. Plan 2: Term plan with SA $100k, annual premium $300, and lasting 20 years. If you invest the difference ($2.7k) over the 20 years and eventually end up with, say, $135k, you
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