Josh Tan Jian Liang
Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
Level 3. Wonderkid
‧ 14 upvotes received
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I want to impact our society even more and inspire anyone including you to “take charge of your financial future”
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Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
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  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered 1d ago
    The most common financial freedom goal is $1m. I guess most will reach there from the ages 40-55. But your question is the intention behind saving up. Financial independence is a concept where you don't need to work to support your lifestyle . That's a great reason to save up. With low job security these days, financial independence means less stress on paying off your bills. Maybe that's freedom and flexibility to live and work on your own terms. I can also share from previous polls, some want financial freedom to pursue artistic hobbies. Kind of like ending "required" work to make ends meet. More tips on financial freedom and FatFIRE (which is comfortable financial independence retire early) in this post click more to continue...
  • Asked by Linda Tan

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered 3w ago
    Hi Linda, I've this simple formula on the SSB which is a WAG formula. W - withdrawal: No lock in period A - anyone : Anyone with the right accounts can buy G - guaranteed: Principal and interest guaranteed. If you understand it, you'd realise SSB is a unique solution for savings and getting interest without risk. My full video on it is here. The T2023-S$ 5-year Temasek Bond and Astrea IV bond are closer comparison to the SSB. All other retail bonds listed on the market (like the SIA retail bond) may carry a better yield but are not principal guaranteed by the government.
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang
    Level 3. Wonderkid
    Answered on 17 Mar 2019
    With a retirement plan, you get guaranteed income , ideally in a monthly mode so that you can cover your core expenses. Kind-of like a low risk passive income source. These are FIVE retirement plans to look at now They are the following (You may click to get the brochures) 1) AIA Retirement Saver III : III is the newest version 2) AVIVA MyRetirement Choice : Choice is the newest version with most flexibility 3) AXA Retire Happy Plus : Plus is the newest version 4) Manulife Retire Ready Plus : Plus is the newest version. Sold in DBS 5) NTUC RevoRetire Retire : Previous version was a different plan name In the post is a detailed explaination of the various plans. https://www.theastuteparent.com/2018/08/5-best-retirement-plans-that-will-give-you-guaranteed-income/
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered on 05 Mar 2019
    I understand that it sounds logical to go with a percentage made and percentage loss basis. But that's not what usually happens. Most grab small % of profits and only surrender when its huge % of losses. There are many trading philosophies but I have a scenario for you to think through. Imagine you owned this stock Best World. If you check up the recent prices, the original % projection to take profit and sell would have been blown out of the window simply with volatility and a gap in price movements. How to react then?? For long term investing from a portfolio perspecive, I've an answer in this video sharing "When to sell from equities"
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered on 27 Feb 2019
    Hi Anonymous, take a look at this. It shows that in 2015, 58% of members lost money with their CPF. BUT it also shows that in 2016, 78% of members made more than 2.5% What does this mean to you? 1) Investment has risk. You could lose. If you hate it, then stay safe with your CPF. 2) Investments need time to perform. One year you lose the next few you win. On a diversified approach, this is just to describe the journey. If you're now clear about whether it suits you and want to start, look to invest only the amounts above $20,000 for your CPFOA. I've a further article on a diversified tool to start your CPF investment journey https://www.theastuteparent.com/2018/07/why-first-state-bridge-is-a-good-fund-to-start-investing-your-cpf/
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered on 22 Feb 2019
    Hi Anonymous, take a look at this: The cash holdings of Warren Buffett's company. What you can learn/ moral of the story: There is NO NEED TO SELL all your stocks before the bear market TO WIN! Use your cash to buy during a market crisis as shown above. There's no need to go fully into cash because that's a lot of pressure on you. Imagine the potential regret if the market moves up for the next 2 years. Stop buying when its bull and start buying when its bear. It's easier, makes sense? I've covered this topic on "What is your RIGHT Investment level". Besides how much to sell, how much to keep invested is also formulated. Take care and good luck
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered on 19 Feb 2019
    Hi Anonymous, not overspending on your house makes sense. "so is 5-room HDB too much or stick with 4-room first and upgrade later?" I think upgrading is a common theme these days. Just like job changing. People move to be nearer to schools. People move to cash in on their property. These are some factors you will hear especially at a slightly later stage in your life. And I've this video to share with you to address this question directly. The topic is "Should I buy a $750k Mansionette"
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang, Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd
    Level 3. Wonderkid
    Answered on 17 Feb 2019
    Hi Anonymous, what if you look to manage cost from your rider choice instead of choosing between private and Class A ward. There are certainly benefits with have a coverage of up to private hospital especially when you can afford it. Anyway, medisave can be used to cover most of the base plan premiums and its the rider that will cost you cashflow. NTUC has a 10% co-payment rider. AIA and Pru have a rider with restricted benefits. These are some examples. I've an analysis on how to save on shield plan that could help you understand your choices. https://www.theastuteparent.com/2019/01/am-i-paying-too-much-for-my-ntuc-incomeshield-enhanced/ Good luck and take care!
  • Asked by Anonymous

    Josh Tan Jian Liang
    Josh Tan Jian Liang
    Level 3. Wonderkid
    Answered on 17 Feb 2019
    Hi anonymous, I saw your reply below. If delivery was in a private hospital and a pregnancy complication happens that is within your ISP, a proration factor would kick in. This means a large part of your bill cannot be claimed. Hence, it is a valid concern for upgrading for possible pregnancy complication needs. There is a waiting period of 10months usually before pregnancy complications can be covered. If you would like to upgrade, most insurers have at present moment launched their new 5% co-payment rider plans. Understand your current ISP for its pregnancy coverage. I've a summary here for you https://www.theastuteparent.com/2017/05/pregnancy-complications-integrated-shield-plan/ Good luck and take care
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