I started to search for a private property, as the property prices must have corrected. I went to StreetSine and found it to be very useful. Here is the link:
http://www.streetsine.com
I looked for new condominium projects in districts 1, 2 and 3 and saved them in MyOrganiser. I looked at each project, to see the price trends and the properties available for sale. Several of the projects have shown a 20% reduction in price in recent months. The price may fall another 10% to 20% more, but it is time to understand the market.
There is a useful SQI index which gives points for the amenities in the nearby areas. Most importantly, I could see the map and the distance to the MRT station.
I was able to view "List Nearby Properties" to see the properties that are available for sale. I was able to send a SMS to the advertiser, which is usually a property agent. This is a convenient way to search for a property.
Monday, December 15, 2008
Offer of voluntary assistance
Mr. Paul Smith wishes to offer voluntary assistance to anyone who needs help in the following areas:
> writing complaints to banks
> writing complaints to FIDREC
> give moral support
> attend interview with bank or FIDREC
If you need his help, you can e-mail him at stopdisc@hotmail.com
BACKGROUND
Mr. Smith's wife invested in a credit linked note. She had a difficult time to making the complaint to the bank. Mr. Smith helped her during the process. He finds that the bank did not treat the customer fairly. He now wishes to offer his voluntary assistance to other customers who faced similar difficulty.
Mr. Smith is willing to help the investor in the interview with the bank or FIDREC, but he needs the investor to sign a mandate for him to attend the interview.
> writing complaints to banks
> writing complaints to FIDREC
> give moral support
> attend interview with bank or FIDREC
If you need his help, you can e-mail him at stopdisc@hotmail.com
BACKGROUND
Mr. Smith's wife invested in a credit linked note. She had a difficult time to making the complaint to the bank. Mr. Smith helped her during the process. He finds that the bank did not treat the customer fairly. He now wishes to offer his voluntary assistance to other customers who faced similar difficulty.
Mr. Smith is willing to help the investor in the interview with the bank or FIDREC, but he needs the investor to sign a mandate for him to attend the interview.
Distributor can recover the compensation from the issurer of the credit linked notes
Some investors asked me if they can expect the distributor to compensate for 50% of the loss, when they only earn 3% to 5% as commission to distribute the product. Perhaps 30% is adequate.
I suggest that the distributor should compensate 50% and get the subrogation rights to recover their loss from the issuer of the credit notes. Apart from Lehman Brothers, the other issurers are still in business and are able to compensate the distributors. The distributors can also seek to recover their loss from the receiver of Lehman Brothers.
By acting in this manner, the distributors will be able to win back the trust of their customers, and also reduce their actual loss.
I suggest that the distributor should compensate 50% and get the subrogation rights to recover their loss from the issuer of the credit notes. Apart from Lehman Brothers, the other issurers are still in business and are able to compensate the distributors. The distributors can also seek to recover their loss from the receiver of Lehman Brothers.
By acting in this manner, the distributors will be able to win back the trust of their customers, and also reduce their actual loss.
Sunday, December 14, 2008
AsiaOne: Slip sliding into depression
BY DHANY OSMAN
..'With the economic downturn, it's important to help people keep things in perspective and not catastrophise,' he said.
That is what Ms Tan (not her real name), a communications executive, 50, has been doing.
She lost $50,000 in investments in DBS High Notes 5.
She said she kept the news from her husband for fear of starting a fight and lost a lot of sleep wondering how she would pay for her younger child's university education.
Ms Tan said she felt worse when she realised that she might either have to borrow money or delay retirement to make up for the loss.
Being in control of the family finances made it easier for her to keep her worries to herself although she felt the stress each time her husband talked about money.
It left her feeling mentally weary and constantly distracted. However, with support from relatives who lent a listening ear and by making a concerted effort to think positive, she has since recovered her spirits.
'I certainly was upset at first. But after a point, I felt it was time to move on and not dwell on the loss,' she said.
http://health.asiaone.com/Health/Wellness%2B%2540%2BWork/Story/A1Story20081212-107323.html
..'With the economic downturn, it's important to help people keep things in perspective and not catastrophise,' he said.
That is what Ms Tan (not her real name), a communications executive, 50, has been doing.
She lost $50,000 in investments in DBS High Notes 5.
She said she kept the news from her husband for fear of starting a fight and lost a lot of sleep wondering how she would pay for her younger child's university education.
Ms Tan said she felt worse when she realised that she might either have to borrow money or delay retirement to make up for the loss.
Being in control of the family finances made it easier for her to keep her worries to herself although she felt the stress each time her husband talked about money.
It left her feeling mentally weary and constantly distracted. However, with support from relatives who lent a listening ear and by making a concerted effort to think positive, she has since recovered her spirits.
'I certainly was upset at first. But after a point, I felt it was time to move on and not dwell on the loss,' she said.
http://health.asiaone.com/Health/Wellness%2B%2540%2BWork/Story/A1Story20081212-107323.html
Helplines - for managing mental stress
Samaritans of Singapore (SOS. 24 hrs) 1800-221-4444
Singapore Association for Mental Health Helpline 1800-283-7019
Care Corner 800 Hotline (in Mandarin, 10am-10pm daily) 1800-353-5800
Touchline Mon-Sat (10am-10pm)(for 13 to 25 year olds) 1800-377-2252
BABES (For teenage girls facing pregnancy crisis) 1800-833-6666
Pregnancy Crisis Service Mon-Fri (9am-5pm), Sat (9am-1pm) 6339-9770
Association of Women for Action and Research Helpline (AWARE) Mon-Fri (4pm-10pm) 1800-774-5935
National Family Service Centre (FSC) Helpline 1800-2255-372
SENIORS helpline (for older persons and their care-givers) 1800-555-5555
TOUCH Caregivers Centre 1800-352-1622
SAGE helpline Mon-Fri (9am-5pm), Sat (9am-1pm) 1800-3538633
Alcoholics Anonymous 6475-0890
Eating Disorders Helpline - Tel: 6345-3435 (10:00am - 4:00pm Phone Mail Mon-Fri
Source : http://www.giftoflistening.com/resources.html
Singapore Association for Mental Health Helpline 1800-283-7019
Care Corner 800 Hotline (in Mandarin, 10am-10pm daily) 1800-353-5800
Touchline Mon-Sat (10am-10pm)(for 13 to 25 year olds) 1800-377-2252
BABES (For teenage girls facing pregnancy crisis) 1800-833-6666
Pregnancy Crisis Service Mon-Fri (9am-5pm), Sat (9am-1pm) 6339-9770
Association of Women for Action and Research Helpline (AWARE) Mon-Fri (4pm-10pm) 1800-774-5935
National Family Service Centre (FSC) Helpline 1800-2255-372
SENIORS helpline (for older persons and their care-givers) 1800-555-5555
TOUCH Caregivers Centre 1800-352-1622
SAGE helpline Mon-Fri (9am-5pm), Sat (9am-1pm) 1800-3538633
Alcoholics Anonymous 6475-0890
Eating Disorders Helpline - Tel: 6345-3435 (10:00am - 4:00pm Phone Mail Mon-Fri
Source : http://www.giftoflistening.com/resources.html
Coping with rising health care cost in Singapore
Read this article:
http://www.tankinlian.com/articles/health.html
And the discussion in The Online Citizen
http://theonlinecitizen.com/2008/12/dont-save-face-go-to-c-class-wards-says-tan-kin-lian/#comments
http://www.tankinlian.com/articles/health.html
And the discussion in The Online Citizen
http://theonlinecitizen.com/2008/12/dont-save-face-go-to-c-class-wards-says-tan-kin-lian/#comments
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