Stock markets lost some momentum going into June, with the S&P 500 up only 1.8% for the month after a blockbuster April and May. Emerging Markets picked up the slack by rising over 7% in June after a slower April and May. Regardless, the second quarter of 2020 has been stellar, and the best performance…
Greetings all! I recently joined Providend in a Senior Client Advisor capacity, but whilst I am new to the role, I have had a very long and fruitful association with the firm over the last 11 years (more on that in a bit!). I have worked in the asset management business for close to 19…
Many of our clients are invested in investment-linked policies (ILP) and unit trusts, which are usually recommended to them by their previous advisers. We would often tell them to check the following if they wish to find out if these are the right wealth building instruments for them: The performance of the ILP or unit…
Just four months ago, I was sitting at home, a freshly minted Master of Counselling graduate, applying for jobs when during a break I decided to type “Providend” into my search bar for what must have been the fourth time that day. I had first read about the firm online when I was doing some…
My love for personal finance began 9 years ago when I first entered the workforce with Singapore Airlines as an executive and receiving my first paycheck. Like many others, it felt like a lot of money at that time, having just transitioned from a poor student to full-time employment. I knew that I needed to…
I recently came across an article in the FT which told the story of Victor Haghani, who was a very successful fund manager in the 1990s. He managed billions of dollars for huge hedge funds, worked with Nobel-prize winning economists, and legendary Wall Street names at Salomon Brothers and then Long Term Capital Management (which…
One of the core tenets of Providend’s Investment Philosophy is that we have a long-term focus. This means that we stay invested to capture the long-term asset class returns. We do not trade the portfolio to avoid a short-term negative drawdown (by trying to sell out before a market crash). Neither do we trade the…
We are finally down to the last weekend of circuit breaker! Although we are unable to return to our pre-COVID-19 routine immediately, we are definitely making good progress in the return to normal and that’s definitely worth looking forward to ✨ While we are all eager to finally head out in the weeks…
Here is the third part to ‘The People Of Providend Series | COVID-19 Circuit Breaker’ as we draw near to the final leg of the circuit breaker! If you’ve been following the series since two weeks back, thank you for watching and I hope it has spurred you on to keep a positive attitude and…
1. For the extra 1% interest, how do they divide the interest on $40,000 between SA and RA? CPF allocates based on the precedence of RA-OA-SA-MA. If you are currently after 55 years old, and you have RA, that takes precedence. If you are before 55, it will go to OA (20k) then SA, then…
