Sunday, August 15, 2010

Survey - TKL website

Visit my website, www.tankinlian.com and take part in this survey
http://www.surveymonkey.com/s/MZJNFDN

Micropayments

Paypal is trying a new system of micropayments. It is an excellent idea.

Poor ticket sales

It is sad to read about the poor ticket sales for the Youth Olympic Games. The underlying cause is the high cost of living, which requires people to work hard to earn enough to pay off their loans. They cannot afford to pay for tickets to watch sports and arts events. They also have no time, after working long hours.

Many community events have to give away free tickets and goodie bags to attract retirees and grassroots leaders to attend.  This state of affairs has been happening in Singapore for more than two decades. When will our leaders wake up and recognize the weakness of the Singapore economic model?

Buy term and invest the difference

Regular visitors to my blog will find that I keep repeating the same message, "buy term insurance and invest the difference in a low cost fund". I keep posting this message in reply to questions that are directed to me by my visitors, who might have missed this message earlier.

It is all right to invest in life insurance products, provided that the charges are fair and that the products provide a decent yield to the consumer. The consumer should learn how to identify what are fair products and what are "rip off" products by studying the benefit illustration. So far, I have seen dozens of benefit illustrations and all of them take away too much from consumers. I have not seen any product that meet my benchmark of being fair.

I will have to keep mentioning this point, for the benefit of recent visitors to my blog who have missed the same message earlier. If you find that a message that is similar to what you read before, just learn to skip it.  Do remember - it is meant for other readers.

I also advice visitors to read the FAQs in my website, www.tankinlian.com/ask.aspx. You should also buy my book, Practical Guide on Financial Planning. It is not fair for anyone to ask me to spend time to give free advice, when you do not bother to spend the time to read my guide book or the FAQs.

Tan Kin Lian

Investing the CPF Minimum Sum

In this FAQ, I explain the options for investing your minimum sum at age 55 and how to choose between the retirement account, CPF Life annuity and buying a life annuity from an insurance company. Many people reaching age 55 have to make this important decision.

Read "Investing the CPF Minimum Sum" in
www.tankinlian.com/ask.aspx

Practical Guide on Financial Planning

Youth Olympic Games

Poor coverage in international media
Low turnout at concert.

Meal for volunteers
Meeting basic requirements

My view
The low coverage in the media in other countries is quite disappointing. Singapore is getting a lot of bad luck lately. But, on the positive side, the Sentosa casino is doing well.

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Law Office Technology

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Good piece about encryption technology in the law office and the importance of security..