Tuesday, September 13, 2011

Talks by FISCA

FISCA has three talks on financial planning and life insurance over the next 3 months. You can register for the talks here. http://easyapps.sg/assn/Org/Event.aspx?id=5

Here are the details of the Life Insurance talk. Apart from life insurance, it also explains the government insurance schemes.

The financial planning workshop (6 hours) also give details about investing in shares, REITS and ETFs.

Ask young people (e.g. your children or your friend's chidren) to attend the talks, so that they can make the right decisions right at the start of their career and avoid the bad mistakes!

Advantage of declining population

The writer points out the advantage of declining population - it re-distributes power from the owner of capital to the owner of labor, and forces employers to give better working conditions to the workers. It also gives a better life to the people - less crowded public transport and highway and more living space.

The rapid increase in population in Singapore in recent years has indeed worsened living conditions in Singapore.  It is a policy that is bad for the people.

http://www.populationpress.org/publication/2003-4-browne.html

Lack of Equity Can Derail Mortgage Refinancing | Oakdale Real ...

(MCT)?With mortgage interest rates hovering around 50-year lows, refinancing is an appealing prospect for many homeowners. I think this is especially true considering the stock market?s August gyrations. Taking nervous energy and using it to focus on sure-thing money?

RISMedia ? Financing a Home

This entry was posted in Mortgage and tagged Derail, equity, Lack, Mortgage, refinancing. Bookmark the permalink.

Source: http://www.oakdale-real-estates.com/blog/lack-of-equity-can-derail-mortgage-refinancing-2/

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10 commandments of personal finance | Finance Assistant

September 12th, 2011

We all work and earn money. Do we manage our hard earned money effectively and efficiently? New Year is the time to take resolutions. Why dont you take a resolution to prioritize and organize your personal finance? Here are the 10 commandments of personal finance that can help you in managing your personal finance better.

Most of us hesitate to make a budget because we think it is about cutting all the fun in life. Budgeting is not about cutting all the fun; it is about conscious allocation of funds. Once we start spending consciously, our mind will find out a whole new way of having fun within the budget. You need to create a workable budget that gives you extra money and life.

Spending less and saving more are lifelong living skills that need time to develop. Unless and otherwise, you have a clear written budget, you will lose your focus and go after consumerism and materialism.

To save more, obviously you need to spend smarter. To spend smarter, you need to understand your own spending patterns. Consciously you need to track all your expenses on a daily or weekly basis. So that you can find out what influences your spending pattern and you can stay away from those influencers.

As a bread winner, you provide a lifestyle to your mily. This life style need to be protected with sufficient life insurance cover. Otherwise your mily may not be able to continue the same lifestyle in case of any mishappening to you. A word of caution here, don&8217;t ll prey to ULIP schemes. Opt instead for a pure term insurance policy. These policies give you high coverage with low premium.

Also cover yourself and your mily members with adequate health insurance coverage. The coverage amount of the health insurance policy needs to be decided based on your health consciousness, your mily health history, and the class of hospital you choose for treatments.

Before starting to build fresh wealth, it is our duty to protect our existing assets. Assets like house, flat, or car can be insured against accident and natural perils. The event of earthquake or terrorist attack to our flat/house seems to be remote. But the impact of such things could change our financial stability upside down. So protect your house and other major assets with proper insurance.

You need to accrue savings for some surprise situations like loss of job, break in job or sudden expenses like a major repair to your car or house. Generally, the emergency fund needs to be in the range of three to six months&8217; mily expenses. If you have created this contingency fund, in the event of an emergency you need not pre-close your other investments and thus you avoid paying penalty or booking losses.

If you are in debt, you need to create a debt payoff plan with different scenarios. So that you can find out how some more savings or a different repayment order will help you get out of debt ster. When creating a plan, you need to choose one which fits your attitude.

If you dont know where you are going, you may end up somewhere you dont want to be. Decide your financial goals first. It may be buying ahome, buying a car, or childrens higher education.

To get where you want to go in life, it is important to decide in advance how you will get there. What you need is a roadmap, a financial plan to achieve your financial goals.

So create a financial plan for you and your mily.

In spite of the world wide pension crisis and a growing acceptance that we must plan and save for our retirement, the harsh reality is we are actually not saving enough. Research reports reveal that only 15% of the individuals are saving sufficiently for their retired life. Don&8217;t put off today what you can&8217;t afford to do tomorrow. Do your retirement plan TODAY to have a comfortable and enjoyable retired life.

You need to check up your financial plan and investments semi-annually so that when there is any deviation from our original plan, you can take corrective measures to control the deviation.

There is a lot of help available for you online to create a financial plan in various websites with financial calculators. But if you want to create a complete, comprehensive, customized and workable financial plan, you may seek assistance from professional financial planners.

You really need a professional assistance when you want to review your financial plan and investments, when you want to add a new goal, or when you want to pre pone or postpone one of your goals.

If you follow these but authentic 10 commandments, by next year you will be richer than what you are this year. Celebrate the New Year with much more confidence and peace of mind by following these steps for financial success.

(The author is a Certified Financial Planpersonal financener, Founder and Director ofHolistic Investment Planners ( a firm that offers Financial Planning and Wealth Management. )

Posted inPersonal Finance Tags:Adequate Health Insurance,Adequate Health Insurance Coverage,Asset Protection,Bread Winner,Consumerism,Extra Money,Fall Prey,Family Health History,Hard Earned Money,Having Fun,Health Consciousness,Health Insurance,Health Insurance Coverage,Health Insurance Policy,Influencers,life insurance,Life Style,Materialism,Personal Finance,Term Insurance,Workable Budget

Malvika Sampat is a freelance writer who writes on a broad range of subjects for blogs, websites and ezines.She ensures that her clients are benefited by her copy and marketing writing skills.You can reach her at:[emailprotected]

Categories: Uncategorized

Tags: personal fin

Source: http://www.finance-assistant.info/uncategorized/10-commandments-of-personal-finance.html

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Monday, September 12, 2011

Libya's revolutionary leader calls for civil state

Libyan revolutionary supporters react as Libyan Transitional National Council chairman Mustafa Abdel Jalil delivers his speech on the former Green Square renamed as Martyr's Square inTripoli, Libya, Monday, Sept. 12, 2011. The chief of Libya's former rebels arrived in Tripoli on Saturday, greeted by a boisterous red carpet ceremony meant to show he's taking charge of the interim government replacing the ousted regime of Moammar Gadhafi. (AP Photo/Francois Mori)

Libyan revolutionary supporters react as Libyan Transitional National Council chairman Mustafa Abdel Jalil delivers his speech on the former Green Square renamed as Martyr's Square inTripoli, Libya, Monday, Sept. 12, 2011. The chief of Libya's former rebels arrived in Tripoli on Saturday, greeted by a boisterous red carpet ceremony meant to show he's taking charge of the interim government replacing the ousted regime of Moammar Gadhafi. (AP Photo/Francois Mori)

(AP) ? The chief of Libya's revolutionary movement told thousands of cheering Libyans in Tripoli Monday to strive for a civil, democratic state, while loyalists of the hunted dictator Moammar Gadhafi killed at least 15 opposition fighters in an attack on a key oil town in Libya's east.

From hiding, Gadhafi urged his remaining followers to keep up the fight, a sign that Libya's six-month civil is not over even though revolutionary forces now control most of the country and have begun setting up a new government in the capital.

Mustafa Abdul-Jalil addressed a rowdy crowd of thousands in Martyr's Square in central Tripoli, a site that until recently was famous for pro-Gadhafi rallies. Flanked by a few dozen revolutionary leaders in their largest public gathering since rebel forces stormed into the capital on Aug. 21, he called on Libyans to build a state based on the rule of law.

"No retribution, no taking matters into your own hands and no oppression. I hope that the revolution will not stumble because of any of these things," he said.

As he spoke, thousands waved flags, cheered and chanted, "Hold your head high, you're a free Libyan!" Some wept openly as fireworks exploded overhead.

Abdul-Jalil heads the National Transitional Council, founded in the eastern city of Benghazi early in the six-month civil war to guide the rebel movement. Its leaders have been arriving in the capital since it fell into rebel hands last month to start building a new government.

Abdul-Jalil, who served as Gadhafi's justice minister before joining the rebels at the uprising's start, defined the government he says the NTC hopes to create.

"We strive for a state of the law, for a state of prosperity, for a state that will have Islamic sharia law the basis of legislation," he said.

He also thanked NATO, the United States and a number of Arab and European countries for their aid to the rebels during the war. NATO bombed Gadhafi's military under a U.N. mandate to protect civilians, giving rebel forces an edge on Gadhafi's better armed and trained soldiers.

Abdul-Jalil said the new Libya would focus on youth and women, adding that some ministries and embassies would be headed by women. Some have criticized the rebel movement for not putting women in leadership roles, and none stood on stage with the movement's leaders.

This didn't bother some in the crowd.

"God willing, all he said will come true," said Sabriya Mohammed, 50, who came to the rally with her two adult daughters. "He mentioned women specifically and said we'd have our place. He's a man who knows the importance of the law."

Libya's new leaders face the huge challenge of building a new government in a country with no recent history of democracy or independent civil institutions. They also have yet to extend their control over all of Libya.

From hiding, Gadhafi called on his remaining followers Monday to keep fighting.

"We will not be ruled after we were the masters," said the brief statement attributed to Gadhafi that was read on Syria's Al-Rai TV by its owner Mishan al-Jabouri, a former Iraqi lawmaker and Gadhafi supporter.

The message described Libya's new leaders as "traitors" who are willing to turn over the country's oil riches to foreign interests.

"We will not hand Libya to colonialism, once again, as the traitors want," said the statement, which pledged to fight against the "coup."

Gadhafi's whereabouts are unknown, but his followers claim he is still in Libya. Some of his family members have fled to neighboring Algeria and others to Niger, most recently his son al-Saadi.

Showing that his loyalists still pose a threat to opposition control, suspected loyalists staged deadly attacks on the Ras Lanouf oil terminal in Libya's east that began with saboteurs setting fires and then shifted to a convoy of gunmen riding in from the desert.

Col. Hamid al-Hasi, the commander for anti-Gadhafi forces in eastern Libya, said a group of 15 employees set fire to the facility, located on the Mediterranean coast about 380 miles (615 kilometers) southeast of Tripoli.

In a possibly coordinated attack, the port was then targeted by a convoy of armed men apparently based in a refugee camp about 18 miles (30 kilometers) south of Ras Lanouf.

The supervisor of the Ras Lanouf hospital, Dr. Ahmad El-Gnashi, said 15 guards were killed and two injured.

Revolutionary forces are still struggling to seize control of at least three other towns.

Opposition pickup trucks mounted with machine guns converged outside the loyalist-held town of Bani Walid for a possible intensified assault after several failed attempts to drive out pro-Gadhafi forces. One opposition commander claimed Gadhafi's son Seif al-Islam is leading loyalist forces massed in the town, about 90 miles (140 kilometers) southeast of Tripoli.

It's unlikely that pro-Gadhafi fighters can withstand a sustained siege on the town. But it's unclear whether the showdowns in the last loyalist strongholds ? including Gadhafi's hometown of Sirte ? will mark a crippling end or open a new phase of an underground insurgency and hit-and-run attacks against Libya's new leadership.

Dozens of cars loaded with Libyan families and personal belongings streamed out of the town in anticipation of a fresh assault.

Khairiyah al-Mahdi, a 40-year-old housewife, was fleeing the town along with her husband, six daughters and two sons.

She said her house was among the first to fly the revolution's tricolor flag when Libyan fighters pushed into Bani Walid over the weekend. But deteriorating living conditions, threats from Gadhafi supporters and heavy clashes in the town prompted her family to flee.

"We left Bani Walid because Gadhafi loyalists in control of the local radio announced through airwaves that anyone helping the rebels or part of them will be killed," she said. "A lot of people are scared and now leaving."

NATO, which has played a key role in crippling Gadhafi's military forces since intervening in Libya's civil war in late March, has kept up its attacks on remaining pro-Gadhafi sites. The military alliance said its warplanes hit targets Sunday in Gadhafi's hometown of Sirte, including a military logistics facility and three surface-to-air missile systems.

The Misrata Military Council said clashes inside Sirte between Gadhafi loyalists and opposition backers has left at least three people dead.

___

Al-Shalchi reported from Wadi Dinar, Libya.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-09-12-ML-Libya/id-474a667069b04a75ad4c694f9c55a2c3

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Call on PM Lee to act wisely

I call on PM Lee to appoint the elected MPs to be the adviser to the grassroots organisations. My reasons are stated in this Facebook posting.

Obama Finally Approves Disaster Aid for Texas (ContributorNetwork)

COMMENTARY | Fortunately for the residents of Texas suffering through a rash of wildfires, not only are firefighters making some progress, but President Barack Obama has also finally issued a major disaster declaration for the area. But why did he wait? Was he making a point? Are human lives and homes destroyed less important than party politics? It seems so, to this native-born Texan.

With all of the man's flaws as a presidential candidate, last April, Texas Gov. Rick Perry did the one intelligent thing he could, and sent President Obama a letter requesting a disaster designation. Obama denied his request May 3. Why? Was it because candidate Rick Perry decries federal spending? Were the people of Texas denied the help they needed over a spat between two politicians? This goes far beyond the usual ridiculous posturing, mud-slinging and antics of elected officials. Real people's lives and homes were on the line here.

Between the time of President Obama's May 3 denial of assistance to Texas, and his eventual approval of the same aid on Sept. 10, our Commander-in-Chief took another vacation, which was only cut short due to the upcoming Hurricane Irene. The hurricane turned out being nowhere near as big of a deal as the main-stream media predicted, yet those wildfires in Texas were still going the whole time. Were it not for the compassion and courage of other every day Americans -- along with a bit of luck in the weather -- there's no telling what damage would have happened from the fires.

While I certainly do not support Perry as a viable (or even competent) presidential candidate, the delay for assistance to the people of Texas dealing first with a major drought, and then the massive property destruction from wildfires, leads me to believe he may just be biased in which Americans he considers worthy of government assistance. How indescribably terrible of a sitting American president to let people suffer and fight for their lives, in an effort to make a political opponent look bad.

This one move alone should speak volumes to voters on the next Election Day. I'm not honestly able to say I want the Republican Party back in the White House, but after seeing how easy it was for President Obama to vacation comfortably while Texas burns, I will say any other candidate would be a better selection for the next four years.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ac/20110911/us_ac/9111191_obama_finally_approves_disaster_aid_for_texas

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