Following the National Day Rally announcements on the option (not a requirement!) to retire later and the increase in CPF contribution rates for older workers, Christopher Tan, CEO of Providend and Executive Director of MoneyOwl, who was previously a member on the CPF Advisory Panel, talks about making your CPF work for you to MoneyFM on 19…
At the National Day Rally on 18 August 2019, Prime Minister Lee Hsien Loong outlined plans on education, retirement age and climate change concerns- all of which will affect every one of us in different ways. As the steward of your wealth, we have compiled a few key takeaways which may affect you in varying…
I have seen this question asked in conferences and seminars again. And Again. And Again. And somehow, I felt the people asking that question never got a satisfactory answer. The question: If I have a lump sum of money, should I invest the lump sum in one shot, or should I split them up into…
At the dinner table some months back, my daughter suddenly blurted out that she wanted to watch a concert by Ed Sheeran. As many of us will probably know, it cost a few hundred dollars just to watch a concert like this. My son who was listening in then went on to tell her why…
Hong Kong is a place I would gladly visit anytime. Apart from the great food and the excellent craft beer, the thing I get most excited about is its well-established network of trekking trails. The landscape is unique, and the trails are well connected, easily accessible and most exits take you conveniently to civilisation in…
I was chatting with a new client this week and they mentioned that they just weren’t bothered about saving for the future. They said that they wanted to live in the here and now and that they would worry about the future when it actually happened. It’s an interesting perspective and it got me thinking…
In my last 2 parts, I shared the need to initiate a conversation with your other half and to take actions as soon as possible. In this final part, I hope to touch on the topic of children. After becoming a father myself last year, I experience firsthand how my daughter becomes the centre of…
In the previous article, I shared that by starting the conversation about finances and retirement planning with your other half allows both of you to think about your desired current and future lifestyle. More importantly, how you can balance your finances to enable you to achieve the lifestyle you want for your family. As parents,…
Somewhere in the middle of last year, I met up with a friend of mine. Over coffee, she lamented, “Hey, Yong Cheng, you know I have been wanting to speak to my husband about planning for our retirement. We never got the time to sit down and talk about it because of our busy schedules….
One of the main things I talk to my clients about is their attitude to risk, after all, it’s an inherent part of investing. There is no such thing as risk-free investing. There is no ‘sure-thing’, regardless of what anyone tells you. I always make sure that my clients are fully aware of the risks…
