Wednesday, October 28, 2009
Purchase from my office
If you are interested to buy the rechargeable torchlight (5 pieces or more), you can get a discount of $1 per piece (i.e. you pay $5.50 instead of $6.50). You also get a discount of $1 for any of my books, provided that the order is for 5 books or more, of the same or different titles (i.e you pay $6.90 instead of $7.90). You can buy them from my office shown here. Open weekdays from 9 am to 6 pm.
A customer who bought 6 pieces of the torchlight came back today to buy another 5 pieces. He also bought 10 pieces of the Shape Quiz ($1.50 per piece) to give to children.
To make it worthwhile for a trip to my office, you should take orders for your family and friends. Ask someone who has a car to collect the torchlight or books from my office.
Fair value for investors
Dear Mr. Tan,
What return is considered as fair value for investors? Is it 3%, 4% or 5%?
REPLY
It depends on the following:
a) What are the underlying assets? How risky?
b) What are the charges taken away by the fund manager and distributor?
c) Do you get the residual gain?
The best type of investment is a low cost unit trust or exchange traded fund (ETF). You enjoy low charges (usually less than 0.5% p.a.) and the benefit of diversification. This is likely to give you a return, over 20 years or longer, of 5% per annum or more, but is not guaranteed.
A poor investment is a participating life insurance policy, due to the following:
a) High charges taken away for distribution, mortality and expenses, usually 3% per annum
b) You may not get the full residual gain as some part of it may be kept from you due to "smoothing of bonus".
Another poor investment is a structured product, where most of the charges are not transparent and the yield to the investor depends on chance (i.e. gambling) and is likely to be low, especially for a guaranteed product.
Tan Kin Lian
What return is considered as fair value for investors? Is it 3%, 4% or 5%?
REPLY
It depends on the following:
a) What are the underlying assets? How risky?
b) What are the charges taken away by the fund manager and distributor?
c) Do you get the residual gain?
The best type of investment is a low cost unit trust or exchange traded fund (ETF). You enjoy low charges (usually less than 0.5% p.a.) and the benefit of diversification. This is likely to give you a return, over 20 years or longer, of 5% per annum or more, but is not guaranteed.
A poor investment is a participating life insurance policy, due to the following:
a) High charges taken away for distribution, mortality and expenses, usually 3% per annum
b) You may not get the full residual gain as some part of it may be kept from you due to "smoothing of bonus".
Another poor investment is a structured product, where most of the charges are not transparent and the yield to the investor depends on chance (i.e. gambling) and is likely to be low, especially for a guaranteed product.
Tan Kin Lian
Quiz Books
Mr Tan:
I was sad when Sunday New Paper stopped the game....about the house,sports, person, etc...I enjoyed figuring it out every Sunday and looked forward to Sunday morning when I receive my newspapers. Can you please let me have the title of the game book and where can I purchase it?
REPLY
www.easysearch.sg (Internet shop)
Intelligence Quiz Vol 1, 2 $7.90 each
I was sad when Sunday New Paper stopped the game....about the house,sports, person, etc...I enjoyed figuring it out every Sunday and looked forward to Sunday morning when I receive my newspapers. Can you please let me have the title of the game book and where can I purchase it?
REPLY
www.easysearch.sg (Internet shop)
Intelligence Quiz Vol 1, 2 $7.90 each
Hub and spoke system for public transport
Read my views here. I hope that the Land Transport Authority is planning along the lines that is suggested here.
Benefit illustration for a Cash Back Policy
A reader asked me to use an actual case of a cash-back policy. If you have bought this policy, please fax the benefit illustration to 6405 3100.
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