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Luke Ho

A financial services consultant. Zero filter, only hard truth.

Luke Ho

Kick-Ass Financial Services Consultant at Trillion Financial Planners

164Upvotes

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A financial services consultant. Zero filter, only hard truth.

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Kick-Ass Financial Services Consultant at Trillion Financial Planners

Luke Ho

Kick-Ass Financial Services Consultant at Trillion Financial Planners

164Upvotes
  • Answers (275)
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SeedlyTV EP07

P2P Lending

Loans

Investments

Anything that has collateral involved actually reduces the interest rates of the loan itself. If you take a formal qualification test e.g. m9, they actually describe bonds to be unsecured investments defined by credit rating only. Technically they're not entitled to put up any form of collateral either. That's why a bond can give you much higher interest than a mortgage loan, for example. Obviously, you'd want to pick a company which you can still sue and challenge for the monies, but it would still follow a hierarchy of debt - bonds first, preferred shares later, etc. So that's the risks you take for the absurdly high returns you get. Hey Gabriel. :) Money Maverick

Investments

Financial Planners

I gave some of my personal thoughts here on Christopher and the company as people. Structurally and professionally, I was very impressed. You need to be of high net worth to pay for the fees, though. I can only assume you will get top quality advice because they take their end product extremely seriously - which you should since a fee is fixed regardless of affordability. You pay for results. https://www.moneymaverickofficial.com/post/money-maverick-vs-providend

CPF

Only private annuities that can prove lifetime payouts e.g. annuities till 80 will not cut it can POSSIBLY allow you to opt-out.

Salary

Career

You absolutely should. Freelancers of a high professional operational level would typically have very specific forms that show that they've been paid so much for their work. You have to compile these, show dates and demonstrate that you're worth that much. I think a better way to negotiate what is basically a 33% raise, is to really show how much value you've brought to the startup. Talk to your boss about how things have changed for the work you've done and you'll have a better negotiating position.

Investments

Stocks Discussion

I wouldn't bet against Michael Burry. Everyone laughed at him and everyone thought he was wrong at the time as well.

Insurance

Investments

Savings

You choose someone who solves the conflicts of interests by addressing them when you ask 1) How much do you make from this product 2) Are there any other options 3) Why you, over someone else 4) Expectations for future service and reasons for them E.g. "I will review with you once a year because it's in my interest to do so since your needs change and I want to create customer loyalty." I actually say this. https://www.facebook.com/luke.ho.54

Investments

Savings

What is your original goal for this money? - Yield - End Goal Amount - Purpose of Spending What do you understand from recessions? - Duration of a recession - Standard drops in a recession - Extreme drops in a recession - Factors that foretell a recession and how reliably - Why you think a recession will happen How is the current performance of your funds? - Is it anywhere close to its all-time high, and is that a cause for concern? - Is it in a climbing trend, stagnation or downward trend? And for how long? - Are any of these movements unprecedented? - Has the volatility spiked beyond the time you first looked at the fund? Personal Considerations: - How long is your investment duration? (refer back to ‘Original Goal for this Money’). Do you risk compromising the portfolio by switching out to something less aggressive? - How long are you willing to wait for a recession to happen? - At what price are you looking at switching to cash? - At what price are you looking at switching back to your original portfolio? Or a different one, and if so, why? - Your Alternatives: Do you understand each of the characteristics, strengths and weaknesses, potential costs of these alternatives? - Savings Accounts - Fixed Deposits - Global Bond Funds - Local Bond Funds - Local Bonds - Short Term Endowments - Gold - Money Market Funds - SSBs

Investments

There are a couple of reasons, but I'll try to keep it simple. Index Funds are based on the Efficient Market Theory, which supposes that prices are...well, accurate from efficiency. With USD as the global currency and the SNP500 having most of the companies we know by name - this holds mostly true in the US and is backed by SPIVA - the Standard and Poor Indices vs Active where most fund managers can't outperform their benchmarks, even in a range of categories. But it's simply not the same story in Singapore. As a result, our MSCI Singapore and STI ETF counterpart are almost equally risky (statistically speaking, e.g. standard deviation/beta) but it has hardly any yield compared to the SNP500. So it kind of sets the standard for passive investing here, which is why some people turn to Robos etc. As a general rule, it's better news for you if you're an active stock market picker, a value investor or if you like to experiment outside the US like myself. https://www.facebook.com/themoneymaverickofficial/

Investments

The following does not constitute advice nor is a recommendation. I sell this fund, so I'll tell you several things about it. 1) The dividend yield is extremely high 2) The Bond Fund has a decently high credit rating. 3) The Bond Fund is superior to its benchmark in its history net of fees 4) The Bond Fund is available in many variations for Forex as well as dividend payout format 5) The Fund Manager takes deliberate action not to pay out of the NAV Similarly 1) The Bond Fund dividend yield has fluctuated quite a bit, from as low as 5%+ to as high as 9%+. This can result in both volatility and short term unsustainability. 2) The Bond Fund prices recently took a hit. It's a good fund if you're looking for high dividend yields in the manner of someone retiring. It may be okay if you are looking for capital preservation (I did not say 'good). It certainly provides significant passive income for the risk you're taking, which is not tremendous historically. I typically complement it with other funds to help my clients retire. You can view an example here: https://www.moneymaverickofficial.com/post/on-teaching-financial-literacy-to-kids-and-giving-back Do nudge me back if you're interested in this fund, and maybe I can help you. https://www.facebook.com/luke.ho.54

Family

Insurance

Luke Ho
Luke Ho
Level 6. Master
Answered on 18 Aug 2019
The most recent, award-winning one is Manulife's ReadyMummy. It has the most features, is technically standalone (meaning you have no obligation to buy another policy at the same time) but you also preserve your child's future insurability AND you can buy the follow-up policies at a discount if you do opt to buy them (e.g. Life Plan). You'll notice I didn't actually answer the question because best is subjective. But worth a consideration! https://www.manulife.com.sg/our-solutions/health/maternity/ready-mummy.html https://www.facebook.com/luke.ho.54
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