Articles
Investing Principle #11 – Past Performance Is No Indicator of Future Performance
Have you ever waited a long time to watch a movie directed by a renowned filmmaker who had clinched many Oscar and Emmy awards in the past, only to be disappointed by its lackluster script after you have watched it? Just as how we cannot judge a movie based on the...
The Tech Sell-Off and the Korean Boy Band IPO
Was last week the time of reckoning for the stock markets? For those who worry that investors have been irrationally exuberant, two pieces of news over the past week might make them seem right. The first is the market sell-off in technology stocks towards the end of...
Is it wise to use Insurance Retirement Income Plans in place of CPF LIFE?
If you have been searching for ways to plan for your retirement, you would probably have come across many insurers promoting their retirement income or annuity plans. With such plans, you either fork up a lump-sum or pay regular premiums over a period of time, in...
Principle #3 – Insurance as a Foundation for Building Wealth
Some people think that it is not necessary to buy life insurance. Why should I pay to be protected from something that is not likely to happen and with money I can’t get back? They may think it is better to accept the risk and retain full control over their money...
How to Manage Risk in Your Life
Risks are part of our daily lives. We risk waking up late for work, we risk contracting a virus when we’re out and about, we risk losing our jobs in a market downturn, we risk our marriage failing, we risk our children going astray, we risk losing our money in poor...
Help! How do I make sense of the new Critical Illness (CI) definitions?
Unless you’re a medical practitioner or a healthcare worker, you’re unlikely to have studied the definitions of critical illnesses in your insurance policy. These definitions play an important role in determining whether you are eligible to claim from your policy in...
Changes in CI Definitions & MINDEF-MHA Group vs Individual Insurance: What you need to know
If you have not heard, all insurers would have to adopt the new 2019 Critical Illness (CI) definitions set out by the Life Insurance Association Singapore (LIA) from 26 August 2020. The new 2019 definitions are meant to reduce ambiguity over what can or cannot be...
A Tale of Three Workers
Imagine a company which has three employees. The first employee, Stuart, is your typical go-getter, strategic and smart. He is always ahead of the curve in innovation and brings a lot of value to your company, driving growth and delivering outcomes. However, Stuart is...
All You Need To Know About SRS
If you are planning for your retirement and haven’t heard about the Supplementary Retirement Scheme (SRS), you might be losing out! What is Supplementary Retirement Scheme (SRS)? SRS is a voluntary scheme to encourage individuals to save for retirement, over and above...
Best SRS-Approved Single Premium Plans (Updated)
In our previous article, we shared a simple guide of how you can identify types of products to suit your retirement needs. In the next section, we give an overview of some Single Premium Retirement Income Plans that allow you to grow your SRS (Supplementary Retirement...
Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times
As an NTUC Social Enterprise, MoneyOwl has inherited a legacy of doing social good and caring for the community. We care about helping ordinary Singaporeans manage their money well so that they can reach their life goals. In light of Covid-19 and the recession, our...
Principle #2 – Insurance is for Protection
If you were asked to key in your life insurance premiums into a budget worksheet, how would you classify it – as an expense, saving or investment? If your insurance plan has a cash value, you might treat it as savings. If your insurance plan buys units in a unit...
