Risk management and insurance

Here are some tips on when to self-insure (i.e. retain) and when to insure a risk.
See Ask Mr. Tan or click here.

Sale of books by LKY

Dear Mr. Tan,
When we work for a company, whatever we create on company time is property of company.
LKY was speaking as MM and doing the interview with the reporters in his office / government premises. so the content should property of government and therefore public property.
Now, LKY is selling his book and making profit from it?
Is this ethical?
SV

REPLY
I recall that, in the past, the proceeds from the sale of books by LKY are donated to charity.

SMS donation for Japan Earthquake and Disaster Aid

Dear Mr. Tan,
I note your blog article regarding the difficulty of donating via DBS internet banking. I agree and encountered the same kind difficulty as well, and was not successful in donating through this channel.
If you wish, you may want to inform your readers that the easiest way to donate $50 to Singapore Red Cross for the Japan earthquake and tsunami aid is through SMS.
To donate $50 by SMS, send the text message "REDCROSS" to 75772. Each SMS carries a charge of 30 cents. This donation is not tax-deductible.
Sources:
http://www.redcross.org.sg/Donation-Channels-Japan-Tsunami-Earthquake.phtml
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_645264.html

Easy Ads

Do you wish to look for a part time job near your home? Or to provide tuition to a student near your home? Or to rent a room near your workplace? You can post your ads (for free) or search for an ad in Easy Ads, http://easyapps.sg/ads/

How to invest a lump sum

Mr Tan,
I seek your advise on how best to maximise returns on my SGD250,000 cash savings. My daughter also has SGD 50,000 placed in a SGD-Fixed Deposit with Maybank with an 0.8% return.

REPLY
Read this
http://tankinlian.com/admin/file.aspx?id=437

Be educated on financial matters

Hi Mr Tan,
Is it alright to just buy a term insurance for protection and purely STI ETF for my investment?

REPLY
Read this FAQ
http://tankinlian.com/admin/file.aspx?id=437

Emerging Asia can teach the West a lot about government

A special report on Singapore from the Economist magazine - giving the positive aspects.
http://easyapps.sg/sgep/admin/file.aspx?id=75

Financial Savvy Test #1

Are you financially savvy? Here is a simple test. You can find the answer from TKL Website -Information tab and type the keyword to search for the FAQ that contains the answer.

1. Does travel insurance cover nuclear risks? (keyword: nuclear)

Answer: __________

2. Who can you approach to review your existing insurance policy? (keyword: review) 

Answer: ________

Financial Plan - DIY

Read this document and prepare your personal financial plan. After that, pass the document to your friends and family members. Show them how to do their financial plans. It will help them to prepare for a better financial future.

Risk management and internet banking transfers

Banks should adopt a more sensible approach towards risk management of internet banking transfer and make it more convenient for their customers to make small payments without going through so much hassle. See TKL website- latest or click here.