Don't Fall for the Lure (29-Dec-09)

Most of us would at some point of time being approached by our financial advisers to invest your hard-earned CPF money into Unit Trust investment. Absolutely nothing wrong with that, but it can be disastrous if you end up with an unscrupulous one.

Yr CPF-OA account is earning you 2.5%p.a. (at the moment) while your CPF-SA is earning 4.0%p.a. (at the moment). Looking at the long term, as an IFA, I would also advise you to park some of your CPF-OA account into some good funds to enable your money to work harder for you. But before you invest, make sure yourself as a consumer knows what you are buying into.

Understand what kind of risks and returns you are exposed to. If someone offers you risk-free product with high returns, definitely something is very fishy. Remember, there is no free lunch in this world.

Key to Unit Trust investment is constantly reviewing with your reliable financial adviser and going forward with a strategy. If in doubt, pls contact me at 9876-0237 straight away.

Memories are Forever (03-Dec-09)

Happened to come across a meaningful article in 'Mind Your Body' section in today's paper and liked to share with you. A few important lines:

"Who does not know that cancer is a terrible illness & that many succumb and die from it? One in four Singaporeans will die from cancer""

"She had never smoked and had advanced stage lung cancer with brain metastases"

"However, most patients do not die from the cancer per se. Infection, especially chest inefection, is a very common cause of death"

"Death is always and certainly inevitable"

No, I am not a medical doctor here telling you how to take care of your health and avoid cancer and other illness. The moral of the story is that, IF something really unfortunate happen to you, or to the people around you, would you be ready to tackle it? Psychologically wise, perhaps never will be. BUT financially wise, this is something you can prepare while you are still healthy & in the right state of mind.

Have you got yourself a good hospital & surgical plans to limit your medical bills?

You have some insurance policies, but is it sufficient to cover all your potential liabilities?

Do you plan to leave a legacy behind if one day death occurs, be it naturally or not.

If you have many question marks & not knowing the answers, why not seek professional help and use the right instruments to solve your problems?

Probably some of you will brush this topic aside and think that everyday is a peaceful day. But I leave the decision to you. This morning, it perturbs me to read abt the 5-year old little child being killed instantly when crossing the road. Because yesterday I also had a near accident when a reckless van driver cut into my lane from a side road. CMI.