Gambling on credit

I accept that gambling is a fact of life. Therefore, I had supported the building of the casinos in Singapore.

We gamble on the stock exchange and speculate in foreign currencies. On a smaller scale, we take bets on Toto, 4D, football matches, sports events and the turf club. For most people, the biggest gamble is in a property, although they like to think that they are "investing for the future".

I only support gambling with what we can afford to lose. I do not support gambling on credit or leverage, which is the worst type of gambling. Hence, I am shocked to learn that a businessman could lose $26 million in the casino - gambling on credit. This should be made a condition of the casino licence - no gambling on credit! Similarly, loans from sharks should also be made illegal.

Tan Kin Lian

Bundle deal - Wisdom on How to Live Life

Enjoy a 10% discount on this bundle of book 1 and 2. Read here. Order now at www.easysearch.sg/ishop.

How to fight cancer

Here is an interesting talk on how to eat the right food to fight cancer?

Mortality charge

Does an investment-linked policy charge a fair rate for mortality? Do the mortality charge increase when one grows older? How can one avoid paying too much in mortality charge? Read "Investment linked policy" in www.tankinlian.com/ask.aspx or click on "Ask Mr. Tan" at the top of the right panel.

Review of Life Insurance Policies

Many readers have asked for my assistance to review the life insurance policies that they now hold. They ask if they should continue or give up their existing policies. Please read this FAQ to get the necessary inforamtion for the review and be prepared to make a donation to FISCA.
http://tankinlian.com/admin/file.aspx?id=126

Distance based fare - an example

Here is an example of the calculation of the distance based fare - which seem to be quite complicated.

My view
It is a national habit in Singapore to do things in a complicated way and to spend (i.e. waste) tens of millions of dollars on computer systems and consultancy to manage these complexities. The distance-based fare system is the recent example. (So far, nobody has told me how many millions it cost - so difficult to get relevant information in  Singapore). In London, the fares are based on zones, and not calculated in this complicated manner.

FISCA Talk on 21 August 2010

I apologize on behalf of FISCA to the 10 members who turned up at the wrong venue due to the late communication sent by e-mail. For these members, please attend the next talk to be held in one month's time free of charge (if you have already paid for this talk).