Why you should stop trying to beat the market - Oct. 21, 2011

Why you should stop trying to beat the market - Oct. 21, 2011

a blog on: Financial Planning Advice - Christopher Pua

Most S'poreans not well insured: AIA poll

sources http://www.btinvest.com.sg: 22 Jul 2011 11:57 by Lester Hio

NINE out of ten Singaporeans are underinsured and will be forced to downgrade their living standards should anything happen, according to a recent AIA Singapore survey.

The 2011 AIA Singapore Nationwide Protection Survey, conducted between March and June this year, made five key findings with respect to Singaporeans’ perception of life insurance. It found out that Singaporean couples were not having either the correct or complete conversations about their family protection’s needs, and that it was acceptable for dependents to downgrade their living standards or remarry to make up for loss of income should anything happen.

Furthermore, there is the perception that insurance is not affordable, especially with rising costs of living, as well as a slightly misguided idea of what adequate insurance entails.

AIA’s survey was prompted by a 2007 study done by the Life Insurance Association (LIA), which found that the average Singaporean was underinsured by more than 65 per cent. It showed that the average Singaporean was covered for an average of approximately $165,000, when adequate protection, to maintain a similar level of living standards, was estimated to be $495,000.

LIA defines adequate protection as total coverage of approximately ten times one’s annual income.

AIA’s CEO and president of LIA Tan Hak Leh pointed out the discrepancy between knowledge and action.

“We found out that approximately six in ten Singaporeans claim to have a clear idea of how much they need to set aside for their dependents in the event of the death or permanent disability. However, only one in ten Singaporeans is sufficiently protected,” said Mr Tan.

AIA is rolling out a series of public awareness campaigns to inform and increase public knowledge of the insurance gap. It has also collaborated with the National Family Council to implement future plans that would help inform families about the insurance gap and to help build financial resilience for families.

Lim Soon Hock, chairman of the council, says that the collaboration would help with the council’s charter in building “strong, resilient and happier families”.

a blog on: Financial Planning Advice - Christopher Pua

Nancy McGuirk: The Brevity of Life

"only one life, 'twill soon be past;

only what's done for Christ will last."

- C.T. Studd

a blog on: Financial Planning Advice - Christopher Pua

60 Minutes [CBS] - The day of reckoning - State and Local Budgets Crisis - State and Local Bon...

The "day of reckoning" as the Senator Chris Christie puts it, is coming to all Americans as they realized that the states they lived in are running out of money and are unable to pay off their debt obligations when they are due. Their over spending and excessive benefits programs in the country has caused America to arrive at this state of their economy. They have dug a financial pit hole so deep that I believe it would take many future generations' labour to pay back their current debts, and that's provided they stop their overspending.

Watch this video, and get yourself prepared for the NEXT big Crisis that may bring America to its knee, and how it could affect your future even if you are living outside the USA.

a blog on: Financial Planning Advice - Christopher Pua

Fiat Currency or Real Assets, take your pick

Ever wonder how the story of each fiat currency plays out in the end? Ever question why things are getting more expensive? What's the cause of inflation? is it true that food and things are getting scarce? Or are our money worth less now because loose monetary policies around the world?

So, if these fiat currencies are devaluing each day, wouldn't it be wise to store your monetary value in real assets like gold, silver and other commodities? Take a pick, because when the day of reckoning comes, it will be too late when you realized that your paper dollar has turned into monopoly money.

a blog on: Financial Planning Advice - Christopher Pua

Meltup

I would to share this video I found on www.inflation.us it's a very interesting video on the impending hyperinflation that may strike the US economy, and how it will affect the whole economy and ultimately how it will matter to you. Educate yourself and be prepared for the next huge financial roller coster ride.

a blog on: Financial Planning Advice - Christopher Pua

Overdose: The Next Financial Crisis

Educate yourself in what's coming our way. Man, when this next financial bubble burst, it's going to be so huge, it will make the Leman Brothers collapse and the 2008 crisis looks like child's play.

Prepare yourself for the mother of all bubbles.

a blog on: Financial Planning Advice - Christopher Pua