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Josh Tan Jian Liang

Financial adviser who is on a mission to inspire young families to improve their financial lives.

Josh Tan Jian Liang

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

About

Financial adviser who is on a mission to inspire young families to improve their financial lives.

Credentials

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

Josh Tan Jian Liang

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

  • Answers (72)
  • Questions (0)
  • Reviews (0)

Investments

Stocks Discussion

SGX

Hi SH If you are unsure about which stocks to buy, I've this video on buying OCBC shares vs STI ETF vs Singapore Fund. It will quickly help you understand reason of buying with a diversified approach. Watch: https://youtu.be/4AjcMnd5344 ! As to when to buy? Start today. Plain and simple. It's something I've done myself, suggested to family and to any private clients. There is little benefit to procrastinate. What matters to you most is to be able to invest and not look at it for 5years. It is very likely (when you look back then) a great decision. Hope it helps, if in doubt seek advice from a qualified adviser or drop me an email at [email protected] PS: Follow us also on Telegram too
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COVID-19

Investments

Stocks Discussion

Savings

Hi Anon, Start today. Plain and simple. It's something I've done myself, suggested to family and to any private clients. There is little benefit to procrastinate. It doesnt matter what the market will look like next month. It could be much worse, a little bit worse, same, better... ? What matters to you most is to be able to invest and not look at it for 5years. It is very likely (when you look back then) a great decision. It is better to give up the idea of finding a market bottom because low can always go lower. Bad news has always been around and may persist. Avoid losses totally is not an investment goal and neither should you wait for "all clear" because it doesn't happen. Have a plan like dollar cost averaging and stick to it Read more from our article "Don't worry about the market bottom" here PS: Follow us also on Telegram too
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Investments

Fresh Graduates

StashAway

ETF

Robo-Advisors

Stocks Discussion

COVID-19

Hi Anon, Get started on regular investing now. There is never a perfect time. If you are dividend investing, some yields are getting good. That's if you can look past the problems in the next 6months. I remember back in 11 sep 2001, markets came down sharply after the plane crash. The next few weeks was jittery.... Why? Everyone was guessing where the NEXT ATTACK would be coming from. Could it be a virus letter or another plane hijack. Similar in some ways to now. Where is the next country to show an exponential spread? USA? Malaysia? From my memory of 2001, there were more attempts to sabotage but the "bad guys" were stopped in time. We upped the surveillance everywhere. We got used to the new risk levels, learned how to survive and actually started to get bogged down by new problems". Now, we can't even remember the trauma of 9/11 anymore. Everyone wants to wait for the markets to recover first then start to invest. As shared above, it's more often then not "We get used to the new risk levels, learned how to survive and actually get bogged down by new problems" cycle. Hence, there's NEVER ❌ a "confirmed green light NOR a definitive ❌recovery sign". It is intuitive to hope for it then go in but really... it DOES NOT EXIST. Markets move first. It looks past an event. Then news and media justifies to the masses. We will figure a way to cope with Covid-19. I've this new article that addresses specifically what you need to know: https://www.theastuteparent.com/2020/03/find-the-market-bottom/ ! If unsure or concerned in this period of investing, speak to a qualified adviser or someone experienced in the markets...
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Health Insurance

PFF Panel 1

Seedly PFF 2019

Insurance

Hi Anon, If you're leaning towards cancelling the policy do so after you've gotten in a new coverage. For critical illnesses there is a waiting period for claims. An alternative would be to do a premium holiday on your ILP. At a younger age, insurance charge is very low and can actually provide you some years of coverage with the funds inside. Get your health insurance coverage first and then a term plan. We have done plan comparisons on our website before and I'd leave some for you AXA shield: https://www.theastuteparent.com/2019/01/axa-shield/ AIA shield: https://www.theastuteparent.com/2019/11/aia-healthshield-gold-max-and-riders-revision-starting-11-11/ Raffles shield: https://www.theastuteparent.com/2018/12/raffles-shield-details-and-case-studies-that-you-must-see/ For term plans, there are ways to fit you a best fit too. If you're keen, drop me an email at [email protected] or look for a qualified adviser. PS: Learn how to invest your first $1,000 in this tutorial https://youtu.be/pYBrj8xwR54
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Insurance

Early Critical Illness (ECI)

Disability Insurance

Whole Life Insurance

Josh Tan Jian Liang
Josh Tan Jian Liang
Level 6. Master
Answered 4w ago
Hi Lim, These are possible answers to your queries 1) Is multipay or single ECI better? - Multipay is slightly more expensive than a single ECI. Many feel it's value. Me included 2) Which company is better for multipay and which for ECI? - these are some solutions https://www.theastuteparent.com/2019/08/multicare-vs-multipay-critical-illness/ https://www.theastuteparent.com/2019/04/singlife-early-critical-illness-step-up-feature/ 3) old plan with no ECI, just CI - getting early CI coverage for him will be meaningful now. It covers short term loss of income well 4) Is multi-pay very hard to claim? - Claims are based on condition stated and definition is the same as early CI. 5) we buy him a plan and he buys another later - Lock in the plan benefits now and the premium at his current age. Then he ONLY needs to start buying more coverage when he has a life stage like marriage and/or mortgage liability. Hope it helps. Look for a qualified adviser to run through the pros and cons of the various solutions and the stages of multi-CI claims. If I can be of help drop me an email at [email protected]eland.com.sg.
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Career

Hi Anon, Our FA industry needs professional individuals. At least you mentioned "wish to make the transition when im able to make a stable income from it." It is important for everyone in the FA industry to be fully committed. The FA business is a results based business and there are a few revenue streams. I've this video that should help you. How much do financial advisors really earn? I Insider sharing Think through these two questions 1) What are your plans to commit time for training and developing skills and knowledge while being part time. Have a goal and a drive to accelerate it. 2) Do you have a foundation on doing marketing to individuals? If not what do you think is a possible solution to do well. Be hungry in learning and unafraid of rejection. Hope you've gotten some answers!
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Insurance

Whole Life Insurance

Hi Clement, Yes you may apply for the AVIVA MINDEF Group plan again. But the plan has strengths and weaknesses in getting you covered comprehensively and sustainably. I've these suggestions for you. Firstly, the death coverage works best for ages 65 and less. Premium jumps up significantly after. Hence if you want permanent life insurance then AVIVA Mywholelife plan III or an AVIVA term plan can possibly be a solution to explore. On a personal plan, you can nominate beneficiaries also. Secondly, if you feel the need to cover CI and Early CI, it will likely be better with a personal term plan or with the AVIVA Mywholelife plan III. The MINDEF Group term plan's CI riders get expensive once past the age of 45, especially at a time when you may need it the most. I've more sharing on the pros and cons in this article over here. https://www.theastuteparent.com/2017/06/saf-group-term-life/ If in doubt, look for a qualified financial adviser for your AVIVA plans, or if you prefer drop an email to [email protected] and I'd assist you personally. Take care
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Payments

Lifestyle

Credit Cards

Hi Anon, From what I know from the pump attendant, its mobile phone pay (im using apple) that is less. Not recognised for some discount factor. Must be credit card paywave. I use ESSO. Hope it helps
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Insurance

Whole Life Insurance

NTUC Income Life Insurance

Manulife Life Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Hi Ha Lai Wah Both these plans cover ECI with the rider attached. Coverage wordings on the ECI has strong similarities so both are good. The NTUC's VivoLife350 has a lower starting amount for ECI as compared to the manulife LifeReady Plus. The maximum cap you can purchase is also higher at $350,000 (vs $250k under LifeReady Plus) if you want that level of early CI coverage. The Manulife LifeReady Plus can do at a 5X multiplier if you want to reduce premium outlay at expense of surrender value. There is a guaranteed insurability option to add on more coverage at certain stages. If you happen to be planning for kid, this plan is also a top suggestion of ours. More here: https://www.theastuteparent.com/2018/08/whole-life-plan-manulife-lifeready/ Speak to a qualified IFA or contact me at [email protected](mailto:[email protected]) if you've further queries.
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SG Budget Babe

Family

Hi Anon, Helper cost in total is about $1,000/m but it's not the biggest concern surviving day to day. Main question is alternative help like mum or MIL. If you have it, you could do without. If not, it's not really the cost. Hope it helps
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