I received this "Thank You" card.
Dear Mr. Tan
Thank you very much for your kind gestures and continuing efforts to help those caught in these toxic financila products. Being a nobody, I will and can only continue to show my support by being a FISCA member.
CSC
Dear CSC
Thank you for your touching words and wonderful gesture.
Wednesday, July 14, 2010
Invest in ETF
Hi Mr Tan,
Thank you for giving us precious advice via your blog and book and my sister and I are greatly enriched by your knowledge and expertise in giving us a transparent picture of how various investment instruments work.
From your experience, if we wish to diversify our ETF portfolio and invest beyond just STI ETF, which other ETF would you advice? We were informed by a financial advisor that we should invest in CAF, the Morgan Stanley China A share on NYSE but we hesitated as the trading hours are different and there are tax implications.
Do you think its good advice us to trade under Foreign Stock Exchange? Which China ETF is illiquid and comparable to CAF in the SGX? How do we know if the ETF is liquid? Thank you for your advice.
REPLY
STI ETF is already well diverisfied. I suggest that you do not invest in overseas ETF as it may have high charges or other problems. Some ETFs are based on deriviatives and should be avoided.
Thank you for giving us precious advice via your blog and book and my sister and I are greatly enriched by your knowledge and expertise in giving us a transparent picture of how various investment instruments work.
From your experience, if we wish to diversify our ETF portfolio and invest beyond just STI ETF, which other ETF would you advice? We were informed by a financial advisor that we should invest in CAF, the Morgan Stanley China A share on NYSE but we hesitated as the trading hours are different and there are tax implications.
Do you think its good advice us to trade under Foreign Stock Exchange? Which China ETF is illiquid and comparable to CAF in the SGX? How do we know if the ETF is liquid? Thank you for your advice.
REPLY
STI ETF is already well diverisfied. I suggest that you do not invest in overseas ETF as it may have high charges or other problems. Some ETFs are based on deriviatives and should be avoided.
Marketing through the Internet
Mr. Tan,
How do you market through the internet? Give some examples.
REPLY
Try the following websites:
http://projects.easyapps.sg/tklw
http://projects.easyapps.sg/egov
For the TKL website, look for the categories called Books and Training under the Information tab.
For the Prototype Website, you can add a tab called Marketing. You can introduce the producst of your company. You can also have a category called "Our Products" under the Information tab.
I have already received an enquiry from a visitor asking about the training programs. This enquiry is submitted using the Enquiry form. It is easy for the visitor.
If you offer good value products, the punlic will get to know about them and will buy them from you through the internet.
How do you market through the internet? Give some examples.
REPLY
Try the following websites:
http://projects.easyapps.sg/tklw
http://projects.easyapps.sg/egov
For the TKL website, look for the categories called Books and Training under the Information tab.
For the Prototype Website, you can add a tab called Marketing. You can introduce the producst of your company. You can also have a category called "Our Products" under the Information tab.
I have already received an enquiry from a visitor asking about the training programs. This enquiry is submitted using the Enquiry form. It is easy for the visitor.
If you offer good value products, the punlic will get to know about them and will buy them from you through the internet.
eGIRO
eGIRO has been implemented for nearly 10 years and is quite successful. Here is an article about it.
My view
MAS can ride on the eGIRO infrastructure to allow customers to make one-off payments to business and individual payees, to replace the writing of cheques. They should also allow e-submission of GIRO authorisation using Sing Pass.
My view
MAS can ride on the eGIRO infrastructure to allow customers to make one-off payments to business and individual payees, to replace the writing of cheques. They should also allow e-submission of GIRO authorisation using Sing Pass.
Door to door selling
Read this article.
My view
It is time to have some control over door to door selling and telemarketing. I find it rude for people to call me over the telephone to market their product. It is intrusion of privacy.
It is time for them to market their products through the internet, rather than keep intruding on the private time of the public.
My view
It is time to have some control over door to door selling and telemarketing. I find it rude for people to call me over the telephone to market their product. It is intrusion of privacy.
It is time for them to market their products through the internet, rather than keep intruding on the private time of the public.
A fair settlement
The investors in Singapore cannot protest against the injustice suffered by them, due to the following reasons:
- all protests are disallowed under the law and are dealt with sternly
- the regulator and legislators in Singapore are not prepared to protect the rights of consumers and prefer to follow the "open eyes" ruling given by our top leader
To be fair, the regulator did work out some settlement for the mini-bond investors, but they left the other investors without any recourse - pinnacle notes, high notes, jubilee notes.
Taunting
One vile person continues to be taunting the investors of the credit linked notes. He has posted the same mesage several dozen times. He said that the investors are not prepared to fight for their rights and use the term "talk only".
This shameless person can taunt people anonymously. Yet he is not showing his real name and is not prepared to step forward to organize action. I know who this person is, from his style of writing and his knowledge of the background.
This shameless person can taunt people anonymously. Yet he is not showing his real name and is not prepared to step forward to organize action. I know who this person is, from his style of writing and his knowledge of the background.
Promotion of Books
Several titles of my books are available on promotion up to 31 July 2010. Please order now. They are suitable as gifts for your relatives and friends.
Medishield and private Shield
Read this article. It gives some tips on selecting the appropriate Shield plan. You should avoid paying premium for an expensive cover that is not likely to be used.
More information on buying a Shield plan can be found in
Practical Guide on Financial Planning.
More information on buying a Shield plan can be found in
Practical Guide on Financial Planning.
Make electronic payments more convenient
Published in Straits Times Online
I REFER to the Monetary Authority of Singapore's (MAS) reply on Monday ("Why it's not feasible to ditch cheques") to my letter ("Cheques are cumbersome and redundant"; July 3).
I wish to encourage the use of electronic payments, especially for non-regular payments to business entities. I did not suggest that cheques be ditched entirely. I recognise that some people find it more convenient to use cheques, or prefer not to use electronic payments for various reasons.
I believe that MAS has statistics on the number of cheques used in Singapore as a proportion of the population, compared with that of other countries. I hope that it would share these statistics, and I would not be surprised to see that the proportion is high in Singapore.
Perhaps MAS should review the current measures that make it inconvenient to use electronic payments. For example, a customer who uses Internet banking has to register the payee first and authenticate it by SMS. This is an unnecessary hassle for small, one-off payments.
Customers are also not allowed to store their credit card details with online merchants, even if the customers are willing to take the risk. They have to enter their credit card details in full for each transaction. I find this to be inconvenient.
Tan Kin Lian
Economic growth
Read this article.
Massive pay rise
My view
There is no point in growing the economy, if it does not lead to a better quality of life for the people living here. Maybe the economic growth means higher pay for the top CEOs and ministers, but leaders should take into account the impact of the ordinary people, and not for their own interest.
Massive pay rise
My view
There is no point in growing the economy, if it does not lead to a better quality of life for the people living here. Maybe the economic growth means higher pay for the top CEOs and ministers, but leaders should take into account the impact of the ordinary people, and not for their own interest.
Tan Kin Lian website
Here is the new Tan Kin Lian website. Click on "Ask Mr Tan" for a list of FAQs on insurance and finance. You can also click on the various categories under the Information tab.
This new website is designed using the Prototype Website, which is available for use by organisations for a modest fee.
This new website is designed using the Prototype Website, which is available for use by organisations for a modest fee.
DBS pays investors in Hong Kong
DBS Hong Kong to pay US$84 mln in Lehman settlement. DBS Hong Kong, a unit of Singapore's DBS Group Holdings, will pay out a combined HK$651 million (US$84 million) to some buyers of Lehman Brothers constellation notes, the territory's financial regulator said Wednesday.
http://www.reuters.com/article/idUSHKU00007420100714
My view
I wonder if DBS will be offering some form of settlement to the investors of the High Notes in Singapore? It would be rather sad, if they compensated the HK investors and not the Singapore investors.
http://www.reuters.com/article/idUSHKU00007420100714
My view
I wonder if DBS will be offering some form of settlement to the investors of the High Notes in Singapore? It would be rather sad, if they compensated the HK investors and not the Singapore investors.
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