This book of challenging puzzles is now available for sale. Vol 2 has 128 unique puzzles. It replaced Vol 1 (which had many repeated puzzles).
I did about 50 puzzles and take from 4 mins to 10 mins. Most of the puzzles were done in 6 mins. Can you beat this? Give it a try.
To order: www.easyapps.sg/ishop
You can also buy the book at 7-11 convenient stores, Popular book stores and other major bookstores.
Monday, August 31, 2009
Survey: SMU Risk Management & Insurance
I have taught three terms of Risk Management & Insurance (about 100 students). Many of them have graduated and do not use their SMU email address. I like to get in touch with these students. If you were my student, please update your particulars here.
If you are in touch with other students in my past years' classes, please ask them to update their particulars also. Pass the word around.
Negative return from endowment policies
Dear Mr Tan,
Thank you for all your effort at this site and FiSCA (I just became a member). I really appreciate all that you are doing for us consumers.
Recently I have decided to give up 4 endowment policies. I have not actually terminate them but I have informed my agent of my desire. I have held them for 10 years and have another 10-15 years more to go. The current cash value is very low. I would only get back half of what I put in if I were to give them up now. Two policies were meant for my son's education and the other two are for my own savings.
I am thinking of cashing them out now and putting them in other forms of investment that would hopefully give me a better return by the time my son enters college. He is 14 now. I do not have a lot of time left as you can see. What is the best way to grow the money to meet that goal? The policies will only mature when he is 24 and 25. Are the policies worth keeping or are there better options?
I really hope to hear your advise on this.
REPLY
Please read this FAQ. I hope that it will help you to make a better decision.
Thank you for all your effort at this site and FiSCA (I just became a member). I really appreciate all that you are doing for us consumers.
Recently I have decided to give up 4 endowment policies. I have not actually terminate them but I have informed my agent of my desire. I have held them for 10 years and have another 10-15 years more to go. The current cash value is very low. I would only get back half of what I put in if I were to give them up now. Two policies were meant for my son's education and the other two are for my own savings.
I am thinking of cashing them out now and putting them in other forms of investment that would hopefully give me a better return by the time my son enters college. He is 14 now. I do not have a lot of time left as you can see. What is the best way to grow the money to meet that goal? The policies will only mature when he is 24 and 25. Are the policies worth keeping or are there better options?
I really hope to hear your advise on this.
REPLY
Please read this FAQ. I hope that it will help you to make a better decision.
You can also read other FAQs here.
High prices in Singapore
Dear Mr TAN
The prices of electrical and electronic engineering products and falling by the day reflecting the advent of sciences and technology, increasing scale of economy, reducing labour cost from cheap foreign labour, falling cost of capital, intensive competition and the substitution of labour with automation.
But the prices of financial services are rising significantly by the day, despite the advent of information technology, ATM humanless banking, increasing scale of economy, reducing labour cost from cheap foreign labour, falling cost of capital, intensive competition and e-documentation.
Is it NOT cheaper NOW to issue and process a bank draft or money order?
Is it NOT cheaper NOW to issue and maintain an insurance policy?
Also, there is a significant management failure in the efficacy, efficiency, economy of distribution cost in Singapore.
Examples: The exact same box of Nestle ice cream is sold in JB supermart at RM5.05 but it is sold in Singapore supermart at S$5.05. The exact same bottle of Narcissus rice wine is sold in Shenzhen China at RMB5.00 but it is sold in Singapore supermart at S$5.00.
Same Air, Train and Bus return trip tickets are sold in Malaysia at RM but in Singapore at S$.
Why are hawker stores NOT restricted to owner operators and instead, there is an intermediary sub-store landlord to increase the cost of operations. Please advise WHAT and WHERE distribution management had gone WRONG.
Thanks & regards
T E O
The prices of electrical and electronic engineering products and falling by the day reflecting the advent of sciences and technology, increasing scale of economy, reducing labour cost from cheap foreign labour, falling cost of capital, intensive competition and the substitution of labour with automation.
But the prices of financial services are rising significantly by the day, despite the advent of information technology, ATM humanless banking, increasing scale of economy, reducing labour cost from cheap foreign labour, falling cost of capital, intensive competition and e-documentation.
Is it NOT cheaper NOW to issue and process a bank draft or money order?
Is it NOT cheaper NOW to issue and maintain an insurance policy?
Also, there is a significant management failure in the efficacy, efficiency, economy of distribution cost in Singapore.
Examples: The exact same box of Nestle ice cream is sold in JB supermart at RM5.05 but it is sold in Singapore supermart at S$5.05. The exact same bottle of Narcissus rice wine is sold in Shenzhen China at RMB5.00 but it is sold in Singapore supermart at S$5.00.
Same Air, Train and Bus return trip tickets are sold in Malaysia at RM but in Singapore at S$.
Why are hawker stores NOT restricted to owner operators and instead, there is an intermediary sub-store landlord to increase the cost of operations. Please advise WHAT and WHERE distribution management had gone WRONG.
Thanks & regards
T E O
Sunday, August 30, 2009
FISCA - Choosing the people
I do not choose the people to join the FISCA committee. They will be elected by the members.
For the protem committee, I only managed to get sufficient people to sign to get FISCA started. Some of them may not wish to be in the limelight.
The FISCA committee will be elected by the members. They will not be chosen by Tan Kin Lian. But I will do my best to encourage people of integrity to step forward. It is difficult to know if someone has integrity, unless one works with that person. More importantly, we should set certain principles for people to abide by.
I hope that members of FISCA knows that they can play a part in building an organisation that is strong, and run by people of integrity. Do not expert other people to carry this burden for you. This burden has to be shared.
For the protem committee, I only managed to get sufficient people to sign to get FISCA started. Some of them may not wish to be in the limelight.
The FISCA committee will be elected by the members. They will not be chosen by Tan Kin Lian. But I will do my best to encourage people of integrity to step forward. It is difficult to know if someone has integrity, unless one works with that person. More importantly, we should set certain principles for people to abide by.
I hope that members of FISCA knows that they can play a part in building an organisation that is strong, and run by people of integrity. Do not expert other people to carry this burden for you. This burden has to be shared.
Saturday, August 29, 2009
Future for cloud companies
Read this report about how work will be done in the future, made possible by the impact of technology.
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