Love Me, Love my Money Habits (14-Feb-10)

It's true. Money can affect a relationship when the issue of bread and butter comes into the picture. We cannot live purely on love as illustrated in TV drama. Disagreements and conflicts on money issues rank high among couples, along with in-laws and work stress.

And of coz, it is better to argue about having too much money to spend, rather than quarrel on where to find money to put food on the table. Imagine one day, one of your spouse loses his/her job, or when an unexpected hospital bill pops in, all without your preparation, I am quite sure life will never be the same. The article highlights the myth of financial issues that you should not be ignorant of.

Long term financial planning helps you in this area but helping you to prepare for unexpected crisis in terms of potential high hospital bill, or loss of income due to death, disability, or even critical illness. As for unemployment, and retrenchment, this is something you have to keep yourself economical valuable.

Be Bold but Agile, just like the Tiger (14-Feb-10)

Coming to the new Tiger Year, how should you proceed to invest in the market? Being through the economic crisis and recession, alot of investors have learnt their lesson well. Emotions play so much a factor in how you invest that you sometimes fight a losing battle, do you have this feeling that the moment you enter the stock market, the tide turns against you automatically?

The dollar-cost averaging is not a silly theory, in fact, it is one of the most fundamental theory that works if you are not a daily trader. Most "experts" will claim the Tiger year will be a volatile year with some sharp pull-backs and periods of turbulence, but that should not keep you on the side line. Those who miss out on the opportunity early last year would have sigh alot during the bull-run.

NTUC Income recently launched a campaign called "Get Rich Slowly", true to a certain extent, provided you have stay invested in proper champion funds with the right adviser looking after your portfolio on a regular basis.

For those keen to start their investment, or upsize their portfolio, do give me a call @ 9876-0237 anytime.

Higher Medisave to pay for Long-Term Treatment (29-Jan 2010)

"As the longevity of Singaporeans increases, the likelihood of us falling ill for a longer period in our lives increases as well"

With the ever increase in medical cost over time, the Medisave in your CPF account may not be sufficient through your lifetime. Depending on your working lifespan as at now, it could range anything from $5k to perhaps $30k? One big operation or surgery can easily wipe out your Medisave savings in one shot, if you know the market rate for hospital bill.

This is why it is so critical to upgrade your existing MediShield plan to a privatised "as-charged" plan so that you are able to minimize your H&S bills. Many of my clients have taken that extra step to ensure this, have you done so? Do not under-estimate how medical bills can eat into your financial plans. You may be in the pink of health right now, but can you guarantee that you will be healthy forever even if you eat well or exercise regularly? I can't.

If you are keen to protect yourself and your family from facing any medical financial crisis, pls ring me to find out more. I cannot prevent you from getting sick, but I can help cushion you financially if you use the right instruments to help yourself.