Monday, November 1, 2010
Managing personal risk
This article explains the importance of managing the risk of unemployment and inadequate savings for retirement and how to tell the difference between a good and bad life insurance policy. Read this article.
You can search for other FAQs and articles in www.tankinlian.com/ask.aspx or the link "Ask Mr Tan" on the right.
Buy financial planning book here.
You can search for other FAQs and articles in www.tankinlian.com/ask.aspx or the link "Ask Mr Tan" on the right.
Buy financial planning book here.
Key tips for a new job entrant
When a graduate starts work for the first time, he or she is likely to be targeted by an insurance agent who will sell a life insurance policy to protect against the loss of future income. The life insurance policy is likely to give a poor yield for the future savings, and the protection need is not really necessary. But, it is easy for the job entrant to be misled by the well trained agent.
Read this article about the uncomfortable experience of a job entrant in being sold a policy that he does not really want, but find it difficult to say "no" to an agent who is his friend.
Read this article to find out about the insurance that you really need. And read this article about the importance of having personal savings that you are kept in flexible form - which you may need for a future emergency.
Read this article about the uncomfortable experience of a job entrant in being sold a policy that he does not really want, but find it difficult to say "no" to an agent who is his friend.
Read this article to find out about the insurance that you really need. And read this article about the importance of having personal savings that you are kept in flexible form - which you may need for a future emergency.
PDF Centric website - some views
14 people participated in the survey.
71% like the PDF centric website (www.tankinlian.com). They find it easy to search and read the information and to download the PDF for offline reading or sending by e-mail. 29% dislike it. They find it difficult to open the PDF on smartphones or Mac browsers.
77% replied that they find it easy to search for information on the PDF centric websites. 23% prefer to use the Google search.
A few people asked for direct links to the PDF rather than to search for it using the search function. My purpose is to get people familiar with visiting the "Latest" tab and using the "Search" tab. I do not want them to only refer to the specific PDF that is directly linked to my blog.
71% like the PDF centric website (www.tankinlian.com). They find it easy to search and read the information and to download the PDF for offline reading or sending by e-mail. 29% dislike it. They find it difficult to open the PDF on smartphones or Mac browsers.
77% replied that they find it easy to search for information on the PDF centric websites. 23% prefer to use the Google search.
A few people asked for direct links to the PDF rather than to search for it using the search function. My purpose is to get people familiar with visiting the "Latest" tab and using the "Search" tab. I do not want them to only refer to the specific PDF that is directly linked to my blog.
Buy High, Sell Low
Its your money and your responsibility.
Neither the Fed Chief, nor your advisor nor any guru nor blogger nor Jim Cramer.
You are the one who is going to be either going to live in comfortable retirement,
or eating cat food tacos.
http://www.ritholtz.com/blog/2010/10/investor-advisors-buy-high-sell-low/?
My view
Some consumers ask for my advice on whether it is the right time to buy or sell any stock or other investment. This is not a fair question to ask of me. Even if they pay a fee to the adviser, they will not get any good outcome. The investor should do their own homework and take their own punting decision - after all it is their own money.
Neither the Fed Chief, nor your advisor nor any guru nor blogger nor Jim Cramer.
You are the one who is going to be either going to live in comfortable retirement,
or eating cat food tacos.
http://www.ritholtz.com/blog/2010/10/investor-advisors-buy-high-sell-low/?
My view
Some consumers ask for my advice on whether it is the right time to buy or sell any stock or other investment. This is not a fair question to ask of me. Even if they pay a fee to the adviser, they will not get any good outcome. The investor should do their own homework and take their own punting decision - after all it is their own money.
How much is 1 trillion dollars?
The US deficit is $1.3 trillion dollars in 2010. How much is it?
http://www.creditscore.net/trillion-dollars/
http://www.creditscore.net/trillion-dollars/
Is the auditing of firms and other sectors that bad?
IN the wake of the recent global financial and economic crisis,
the role of audit was queried.
The audit model is not broken beyond repair, but it needs to be reworked.
http://biz.thestar.com.my/
http://biz.thestar.com.my/
Call for control on hedge funds
Managers want them to be regulated like other funds in Malaysia.
My view
Hedge funds are bad for the global economy. They should be controlled in the USA, Europe and Singapore, not just in Malaysia.
PDF centric website - TKL website
PRIZE: The two winners, selected by a draw, are C Yee and Chen WL. Thanks to all participants.
My website, www.tankinlian.com is designed as a PDF centric website. The new design has been operational for about three months. It attracts over 400 unique visitors daily. The vistors come daily to view the new FAQ and articles on insurance and investments that are uploaded into the website regulary.
I am able to create a FAQ or article easily using Microsoft Word and to convert it into a PDF. It takes less than one minute to upload the FAQ or article and to write a description. The easy of uploading makes it easy for me to cerate a dynamic and active website.
The PDF centric website is also convenient for my readers to search and read the FAQs and articles. They can download the PDF into their computer for offline reading or to have a hard copy printout. They can also forward the PDF by e-mail to another person.
I can add graphics and pictures to the PDF easily, if I wish. The content of the PDF document can also be located with a google search.
I hope that my regular readers are now familiar with the style of the PDF centric website and like this format. Please give your feedback here.
PRIZE: My Financial Planning book (retail price: $12) will be given to two lucky persons who replied to this survey (selected by a draw).
My website, www.tankinlian.com is designed as a PDF centric website. The new design has been operational for about three months. It attracts over 400 unique visitors daily. The vistors come daily to view the new FAQ and articles on insurance and investments that are uploaded into the website regulary.
I am able to create a FAQ or article easily using Microsoft Word and to convert it into a PDF. It takes less than one minute to upload the FAQ or article and to write a description. The easy of uploading makes it easy for me to cerate a dynamic and active website.
The PDF centric website is also convenient for my readers to search and read the FAQs and articles. They can download the PDF into their computer for offline reading or to have a hard copy printout. They can also forward the PDF by e-mail to another person.
I can add graphics and pictures to the PDF easily, if I wish. The content of the PDF document can also be located with a google search.
I hope that my regular readers are now familiar with the style of the PDF centric website and like this format. Please give your feedback here.
PRIZE: My Financial Planning book (retail price: $12) will be given to two lucky persons who replied to this survey (selected by a draw).
Can people afford to retire?
This article explains the need for governments in the West to raise the retirement age, where the state pensions scheme is funded on a "pay as you go" method which requires young workers to contribute towards the pensions of the retirees.
The Singapore government does not face this problem because it operates a provident fund scheme, where each contributor takes back his or her personal savings in the fund. However, the retirees in Singapore face the same problem of rising life expectancy and high cost of living - there is inadequate savings in the fund for their retirement. So, people in Singapore will have to continue working longer anyway as they cannot afford to retire.
But the elderly in Singapore face another big challenge - the elderly find it difficult to get jobs that pay a decent wage. They have to accept extremely low wage and even so, it is difficult to find these jobs. These challenge has to be addressed by the government, not just in words, but in concrete actions.
Tan Kin Lian
The Singapore government does not face this problem because it operates a provident fund scheme, where each contributor takes back his or her personal savings in the fund. However, the retirees in Singapore face the same problem of rising life expectancy and high cost of living - there is inadequate savings in the fund for their retirement. So, people in Singapore will have to continue working longer anyway as they cannot afford to retire.
But the elderly in Singapore face another big challenge - the elderly find it difficult to get jobs that pay a decent wage. They have to accept extremely low wage and even so, it is difficult to find these jobs. These challenge has to be addressed by the government, not just in words, but in concrete actions.
Tan Kin Lian
Inflation, savings and life insurance
A consumer told me that he is willing to take a life insurance policy if he can get back the total premiums that he has paid over a period of 20 to 30 years, without interest. He considers that he is getting good value from the life insurance and does not mind giving up the interest - so long as he gets the total premium back.
The consumer is not savvy and does not realise that over a period of 30 years, the value of money could fall by 50% to 75% of the real value, due to inflation. The real cost of the life insurance protection is only 20% of the amount of interest that he is giving away.
Read this article. http://tankinlian.com/admin/file.aspx?id=253
The consumer is not savvy and does not realise that over a period of 30 years, the value of money could fall by 50% to 75% of the real value, due to inflation. The real cost of the life insurance protection is only 20% of the amount of interest that he is giving away.
Read this article. http://tankinlian.com/admin/file.aspx?id=253
Subscribe to:
Posts (Atom)