Site syndication http://www.wilfredling.com Mon, 15 Mar 2010 02:01:50 +0100 FeedCreator 1.7.2 http://www.wilfredling.com/images/M_images/joomla_rss.png http://www.wilfredling.com Site syndication http://www.wilfredling.com/content/view/1122/9/ For those who did not know, I’ve a newsletter. Please sign up ->HERE My Blog - My Blog Fri, 12 Mar 2010 22:34:39 +0100 http://www.wilfredling.com/content/view/1113/9/ (The newspaper article referred by this blog is appended below) To highlight the importance of financial planning and its relevance to the ordinary man-in-the-street, I want to cite a real life example of a tragic case in which a 87 years old grandmother was forced out of the HDB flat by her grandson. The case is summarized as follows: My Blog - My Blog Thu, 11 Mar 2010 10:00:00 +0100 http://www.wilfredling.com/content/view/1121/9/ It is announced that only amount in excess of $40,000 in the CPF Special Account could be used for investment. This is effective from July this year. See HERE (http://www.channelnewsasia.com/stories/singaporelocalnews/view/1043005/1/.html) Personally I wonder why bother with setting the threshold. Why not just ban investments using CPF altogether? Afterall, the investments universe is so lousy. My Blog - My Blog Thu, 11 Mar 2010 07:43:04 +0100 http://www.wilfredling.com/content/view/1111/9/ I have many clients who bought unsuitable products and as a result have to postpone their retirement for many years. Let’s say if they had just bought simple products, they would have retired at age 55. But because of the unsuitable products, they have to postpone their retirement to age 70. Most of the time the unsuitability arises due to... My Blog - My Blog Tue, 09 Mar 2010 10:00:00 +0100 http://www.wilfredling.com/content/view/1119/9/ I was introduced to some funds by a fund management house. The funds are all simple products that do not appear to contain toxic assets. They are easy to understand. More importantly, these funds outperformed most of their peers over the last few years based on extreme low management fees and simplicity. Unfortunately they are only offered to Accredited Investors... My Blog - My Blog Mon, 08 Mar 2010 09:26:58 +0100 http://www.wilfredling.com/content/view/1110/9/ “Dear Wilfred, can you tell me the very one thing which clients will find most unusual if they engage your service? – J” Dear J, The one thing that clients will be shocked when they engage me are the fees I charged. For example, the financial planning fee I charge ranges from $X to $Y while... My Blog - My Blog Sun, 07 Mar 2010 10:00:00 +0100 http://www.wilfredling.com/content/view/1115/9/ New rules in HDB will increase complexity for man-in-the-street and more job security for civil servants. One of the most ridiculous policy is with regard to the computation of the amount a person is permitted to borrow from HDB if this is the second concessionary loan. The complexity also means greater job security for professional financial planner because nobody else... My Blog - My Blog Sat, 06 Mar 2010 02:51:31 +0100 http://www.wilfredling.com/content/view/1109/9/ Your networth is a balance sheet listing your assets and liabilities. The difference for both is called the net worth. However, the net worth or balance sheet contains many “off-balance sheet” items. Today, I’ll write about the most common off-balance sheet item. I will give an example: My Blog - My Blog Thu, 04 Mar 2010 10:00:00 +0100 http://www.wilfredling.com/content/view/1106/9/ Many people buys disability insurance thinking it is a good plan. What they don’t know is that the definition of disability is very strict. Normally this is referred to as “Total and Permanent Disability” or TPD for short. They come in various names like “Permanent Total Disability”, “Enhanced Disability”, “Deferred Disability”, etc. The various names also indicate how... My Blog - My Blog Mon, 01 Mar 2010 10:00:00 +0100 http://www.wilfredling.com/content/view/1108/9/ The Office of the Public Guardian (http://www.publicguardian.gov.sg) will turn live on 1 March 2010. This BIG happening is the latest who-ha among professional financial planners as it will also mean that the much awaited Lasting Power of Attorney under the Mental Capacity Act will also turn live on 1 March 2010. This latest and powerful tool will be added to... My Blog - My Blog Fri, 26 Feb 2010 10:19:01 +0100