I received a few orders from overseas for my book, Practical Guide on Financial Planning. I am not sure if they are from Singaporeans who live or work overseas or from foreigners who like to learn about financial planning for their own environment. A large portion of my book contain financial education that is applicable in other countries as well.
Tan Kin Lian
Saturday, April 17, 2010
COE and car prices
I spoke to someone, who is familiar with the motor trade. He made the following points:
a. The recent change resulted in a drop of 40% in COE allocation. This caused COE prices to shoot up due to the cut and also to increased demand generated by fear of further price increases. It is better to have a more stable market, rather than fluctuating prices to drive consumer behavior.
b. Taxis are now in the same category as private cars. They should be kept in a spearate category as the owners of taxis are driven by commercial consideration.
c. There is need to improve the feeder services, so that more people will take the train and buses at the interchanges.
d. Taxis should be considered as public transport. They are more efficient than cars and do not require parking spaces. The taxi fares should be simplified into a flat rate structure. Taxi drivers should be allowed to own a taxi licence and build a taxi business, rather than be renters of taxis.
I agree with these points and will bring them up at the TV program tonight. I will also raise them in other occasions in my blog.
Tan Kin Lian
a. The recent change resulted in a drop of 40% in COE allocation. This caused COE prices to shoot up due to the cut and also to increased demand generated by fear of further price increases. It is better to have a more stable market, rather than fluctuating prices to drive consumer behavior.
b. Taxis are now in the same category as private cars. They should be kept in a spearate category as the owners of taxis are driven by commercial consideration.
c. There is need to improve the feeder services, so that more people will take the train and buses at the interchanges.
d. Taxis should be considered as public transport. They are more efficient than cars and do not require parking spaces. The taxi fares should be simplified into a flat rate structure. Taxi drivers should be allowed to own a taxi licence and build a taxi business, rather than be renters of taxis.
I agree with these points and will bring them up at the TV program tonight. I will also raise them in other occasions in my blog.
Tan Kin Lian
Vera has artistic intelligence
I made the shape of a cat using the tangram pieces. I asked my grand-daughter Vera (3 years old) what is the picture. She looked at it for a short time and said "Cat". Next, I made the shape of a man sitting down. She said, in a naughty manner "House". Later. She said "Man". My tangram book containing 100 puzzles and solutions, will be available soon and can be bought online. I will take advanced orders now.
Tan Kin Lian
Tan Kin Lian
Inadequate savings for retirement
The Sunday Times have an article that showed that many people have inadequate savings for retirement. Why is this the case? The same question was posed to me by a journalist recently. I gave the following reasons:
1. People spent too much money on their property.
2. They got a poor yield on their savings in life insurance policies, due to the high charges which takes away more than 30% of their accumulated savings
3. They were badly advised by insurance agents to switch from an earlier policy to a new policy, incurring the high upfront charges again. This can occur several times during a working lifetime.
Better late than never. Consumers should be educated to avoid bad investment decisions. They should spend $12 and 12 hours to read my book, Practical Guide on Financial Planning. This book also contains tips to the consumers on:
a. What to do with their existing life insurance policies
b. What should they do with their future savings?
c. How should they invest their money during retirement?
d. What type of life annuity should they pick?
3. How much should they spend on a property?
They should advise their children to start their working career on a proper footing and avoid making the same mistakes. Order online.
Tan Kin Lian
1. People spent too much money on their property.
2. They got a poor yield on their savings in life insurance policies, due to the high charges which takes away more than 30% of their accumulated savings
3. They were badly advised by insurance agents to switch from an earlier policy to a new policy, incurring the high upfront charges again. This can occur several times during a working lifetime.
Better late than never. Consumers should be educated to avoid bad investment decisions. They should spend $12 and 12 hours to read my book, Practical Guide on Financial Planning. This book also contains tips to the consumers on:
a. What to do with their existing life insurance policies
b. What should they do with their future savings?
c. How should they invest their money during retirement?
d. What type of life annuity should they pick?
3. How much should they spend on a property?
They should advise their children to start their working career on a proper footing and avoid making the same mistakes. Order online.
Tan Kin Lian
Investors of Pinnacle Notes
A US law firm, Kirby McInerney, has spoken to investors about possible legal action that can be taken in US Courts in connection with the Pinnacle Notes. 45 investors have expressed interest to join this action. Other investors of Pinnacle Notes who are interested can send an e-mail to tkla.km@gmail.com quoting the following: your name
mobile phone
email address
amount invested
type of Pinnacle Notes.
Tan Kin Lian
Subscribe to:
Posts (Atom)