Friday, August 27, 2010

Survey: Gambling on credit

Here is the letter printed in the Straits Times.

The results of the survey can be found here.

www.tankinlian.com/information.aspx (search for "Gambling on credit")


Govern a society

Read this letter.

My view
It is the duty of the Government to govern. They cannot let the problem of society be "left to the market" or to "personal responsibility". This is why laws are passed to prevent vandalism and crime. If marketing flyers are a nuisance, it should be stopped. If gambling on credit is a serious problem, it should also be stopped. It is easy for people to fall into a trap and lose a fortune that will bankrupt their family - all within a day or just a few hours.

For those people who say that people should be personally responsible and that the Government has no role here, just wait for the day when a member of your family comes home, and cries that he or she owes $100,000 or more to the casino. You will then know the real danger of gambling on credit and how easy it is for anyone to fall into the trap.

Gambling on credit

Invest in Exchange Traded Fund

Many consumers have asked me to provide information on the ETFs that are available for a long term investor.
I have written a FAQ to explain the exchange traded funds available in SGX that are invested in Singapore equities. Go to www.tankinlian.com (search for "Exchange Traded Fund" or view "Latest").

Law School Requirements | Careers In Law

The law school admission council (LSAC) is the first stepping stone for would be lawyers and law school attendees. The LSAC is the first port of call for the process of applying to attend law school as one of the law school requirements demanded by most law schools is the LSAT score.

LSAT score

The LSAT score is the law school admission test score from the LSAC and combined with their Credential Assembly Service (CAS) helps make the whole admission procedure smoother for applicants. The Credential Assembly Service is a service provided by the LSAC which combines all of your recommendations, evaluations, transcripts and LSAT score into one report that is then sent to the law school that you are applying to.

Legacy system of banks

Read this letter.

Lawyer Salary | Lawyer Salaries in the United States | Careers In Law

Lawyer Salaries

Lawyer salaries in the U.S. in general range from $55,000 to $120,000 but these lawyer salary figures can be broken down on closer examination as follows. Lawyers working in insurance generally enjoy a salary range of $58,000 to $100,000, those working in law firms have a range of $57,000 to $104,000 and those in government law jobs enjoy a range from $54,000 to $95,000.
Lawyer Salary

Your educational background will determine your ultimate salary as those with a Juris Doctor (JD) degree enjoy a salary range of $56,000 to $104,000, those with a Batchelor of Arts have a range in 2010 of $54,000 to $135,000, Master of Law (LLM) holders pull down $60,000 to $123,000 and those with a Batchelor of Law (LLB) degree enjoy salaries ranging from $55,000 to $130,000.

Short term investment

Hi Mr Tan, 
What is the best (low risk) investment instrument to use if I have 100k and I need the money in 6 months time? I do not want to leave it in my savings account as the interest rate is very low. I was introduce into dual currency investment by my bank. What's your take on it?

REPLY
For short term invstment, you have to accept the low interest rate offered by the banks. You can place it on fixed deposit to earn more than saving account.  In my case, my short term cash is kept in an auto-save account which earns a low interest rate.

You should avoid all types of dual currency investments. Read the FAQ in my website, www.tankinlian.com. Look for "Ask Mr. Tan" and search for "Dual Currency".

http://tankinlian.com/Admin/File.aspx?id=66

Use of CPF for education

This report shows the default rate on these loans.

Group Representation Constituencies

Read this report about the system and history of GRCs in Singapore.

$1.3 billion sports complex

Read this report.