A year ago, at about this time, market watchers were generally pessimistic about 2019. Afterall, just a month ago on Christmas Eve of 2018, markets (represented by MSCI World Index) fell by 11.76% as fears of an impending trade war between China and US grew. We started 2020 with similar sentiments. Besides having the concern…
The power of compounding is a concept I came across while in my final year of Undergraduate education. I started to play around with a few numbers to see how compounding works with money. That’s when I discovered that if I were to contribute $15,000/year every year for 20 years, I would have built up…
We are already at the end of 2019 – are you ready for a brand new year? Here are five financial best practices to start your year on the right foot. Pick a few of them or take on the entire list. Either way, you’ll be that much further ahead for 2020. 1. Do nothing Seriously. If you…
Many of us have wondered why there’s more and more talk about the importance of writing a Will nowadays. There are good reasons for this which I will highlight in this article. For the picture to be complete, however, you will also need to consider how your CPF monies will be distributed as those are…
Does what happen in the stock market every day make you happy or sad? If so, every year, you should be happiest on the 28th of October. Because 28th October is historically the best day of the year for stocks, with the S&P 500 Index rising 0.54% on average. It is also the best start date for…
We just concluded our last Retirement Weekend here at Providend. At this event, we explain the holistic considerations that many may not have considered when they are near retirement. One of the feedbacks that we have received about the Retirement Weekend was that not a lot of talks explained how to conceptualize the various assets…
To get ready for your retirement, or your financial independence, you will need a recurring stream of cash flow. We often have clients seeking our help to evaluate certain financial products which can provide them with a regular income component. They would like to know how these products fare against their current portfolio of financial assets…
Are your investments liquid or illiquid? When a holding is liquid, it simply means you can sell it anytime the market in which it trades is open for business, without losing your proverbial shirt in the exchange. If it’s illiquid, you cannot sell it, at least not for anything near what it’s worth. Degrees Of…
We are A Family Serving Families. Learn about our purpose and you can trust our financial advisers to provide honest, independent and competent advice to our clients. Experience The Providend Difference today. We do not charge a fee at the first consultation meeting. If you would like an honest second opinion on your current investment…
Despite going against the grain of the industry, we will continue to advocate our promise of honesty. Honour (Singapore) has chosen to honour Providend as an organisation which embraces such values. Through this video that Honour has created, hear our story and how far we have come. Providend was founded and established as the first…
