Monday, April 11, 2011

Financial Savvy Test #22

Take a test of your financial knowledge by answering the questions below. You can find the answer from www.tankinlian.com/information.aspx - type in the keyword to search for the relevant FAQ

1. I hear a lot of good things of Private Shield told by insurance agents. Can I believe them? Keyword: Myths
2. What are the good and bad points about a investment-linked policy? Keyword: Investment linked policy

Poems about PAP

A reader composed a poem about PAP - published in SGEP

FISCA - reset password

Dear Mr Tan,
I was a member registered with the old website, since 11Feb2011. In the new website, I am not recognized as a member. Please advise if I need to do something to be re-registered as a member at the new website?

REPLY
In the new website, the password has been reset. You need to go to "Forget Password" and provide your e-mail address. An e-mail will be sent to allow you to enter your new password. After that, you can login with the new password.

This instruction was sent in an earlier email to members. You must have overlooked it. Give it a try now.

Investing for a retiree



1. A retiree, with just enough savings for future needs, asked for my views about investing in a private studio apartment costing $800,000.

REPLY:
Do not spend too much money on a property. Try to find a cheaper one, or rent.

2. She then asked about investing in gold.

REPLY
Don't invest in gold. It is highly priced. There are people going around with gold investment scams.

Read this FAQ
http://tankinlian.com/admin/file.aspx?id=186

3. It is important for consumers to be educated about financial matters. They should not ask friends for advice, as they may get the wrong advice. Read this FAQ: