Like Chefs, Financial Advisers Should Be Given Their Due

Like Chefs, Financial Advisers Should Be Given Their Due

I have been advising clients since 1998. Having gone through multiple financial crises , the greatest being the Global Financial Crisis in 2008, I know through experiences and with evidences, that in order to give clients a good investment outcome, the following steps are necessary: Having a suitable asset allocation (different proportion of our money […]

Breaking the Addiction to “Active Management”

Breaking the Addiction to “Active Management”

On 22nd December last year, I invested the monies in my SRS account into one of the investment portfolios that Providend manages. About one month later on the 19th January, I went to check on how it has performed and to my pleasant surprise, it has grown 7.64%! I was very excited about it and […]

A ‘Singaporeans Help Singaporeans’ Scheme

A ‘Singaporeans Help Singaporeans’ Scheme

Worried about not having sufficient financial resources to take care of themselves if they meet with an accident or suffer an illness, a group of friends decided to come together at age 40 to form a self-help group. Their plan (where participation was optional) was this: On a yearly basis and over the next 25 […]

Realisations Of A Financial Adviser

Realisations Of A Financial Adviser

In November 2004, when I wrote in this column on why one should use term insurances instead of whole life plans, I never expected it to create such a great interest. Over the last 2 months, I received letters, emails, forum threads and phone calls expressing their opinions. Many advisers also wrote articles on the same […]

The Case For Term Insurance

The Case For Term Insurance

Since 2003, we have been advocating the use of term insurance. While many Singaporeans appreciated our beliefs, the insurance and financial planning industry fought it. We stood out like a sore thumb and were a lone voice. So it was very encouraging for me when during the NTUC Income’s 40th anniversary dinner 2 weeks ago, […]