Pang Zhe Liang - Seedly
Ā 
Pang Zhe Liang

I love Consumer Finance because I am part of it! Like my FB Page for more content on estate planning & financial planning in SG!

Pang Zhe Liang

Top Contributor

Senior Financial Services Consultant at AIA Singapore Private Limited

About

I love Consumer Finance because I am part of it! Like my FB Page for more content on estate planning & financial planning in SG!

Credentials

Senior Financial Services Consultant at AIA Singapore Private Limited

Pang Zhe Liang

Top Contributor

Senior Financial Services Consultant at AIA Singapore Private Limited

  • Answers (615)
  • Questions (0)
  • Reviews (0)

Career

Firstly, we will need to identify the source of your stress, e.g. too much work, co-workers' pressure, work envrionment, job security. Whenever possible, write down on pen and paper on all the factors that contributed to your stress level (regardless on whether it is a minor or major factor). Secondly, understand the trigger. In your case for example, one of the contributing factor is too much work. In like manner, list down all the reasons that leads to the overwhelming amount of work, e.g. lack of work efficiency, lack of knowledge, skills, experience, distractions. Thirdly, have a talk with your work buddy or lunch buddy. Understand from them on their perspective that leads to the piling of work. Fourth, continue the list that you have done and start to brainstorm on all the solutions (regardless of whether it is feasible or not) that can alleviate the situation, including discussing the workload with your boss. Finally, be determined in wanting to solve the problem. Give yourself a couple of weeks or months to adjust to the work environement and do your best to resolve the situation. At the same time, understand that the learning curve is always the steepest whenever you work in a new environment. When all else fail, you know that it is time to leave. Additionally, you know you have made the right decision because you have put in your best effort to wanting to improve the situation. All things considered, always remember, health comes first! šŸŒ» Here is everything about me and what I do best.

SG Budget Babe

Insurance

It depends on your needs and the reasons why you are choosing a traditional whole life insurance over other types of life insurance policies. The first thing and most important thing to do is always to have a comprehensive insurance portfolio summary. Through this process, it allows you to fully understand your current insurance policies and to know if the new policy complements with the existing insurance policies and your long-term needs. Here are the key reasons: https://www.blog.pzl.sg/why-every-client-needs-an-insurance-policy-summary/ For China Taiping i-Secure, it is a participating whole life policy. Accordingly, part of your money is placed into the policy's participating fund. At this point, it will be important to understand how a participating fund works and its track record. What is a Participating Fund: https://www.blog.pzl.sg/what-is-a-participating-fund-singapore/ Unfortunately, a quick search on Google did not return any results for its participating fund. Therefore, I am definitely as worried as you at this point. According to the product summary, the participating fund was set up in December 2018. With zero track record, you will have to make a sound judgement here, especially on the expense ratio (cost to maintain a new fund). Smoothing of bonus will not work as well since you are the first batch of clients. As a result, even if the fund exceed expectation, it is unlikely to be rewarded in like manner. How Smoothing of Bonus work: https://www.blog.pzl.sg/smoothing-of-bonuses-singapore/ Having mentioned that, the only redemption here is part of your money is protected by SDIC up to the agreed limit. For the Death benefit, Total & Permanent Disability benefit, the definition are pretty standard across the industry. Hence, there is not too much of a concern here. If you opted for Critical Illness coverage, I will suggest for you to speak with a professional who is capable to analyse through the condition for payout with you. This is because not all insurance companies adopt the same definition for the critical illness conditions - some has more strict criteira while other adopt a more broad definition. As a result, this may make the claim more complicated than it needs to be. All things considered, you may wish to discuss with your agent or seek a professional second opinion on your choices. In case you are open to hearing my perspective from AIA, feel free to drop me a coffee invite: https://www.work.pzl.sg/#coffee Here is everything about me and what I do best.

MileLion

Miles

Travel

Yes, you will have to wait for a notification from the airlines, in most cases via periodic emails. As soon as the seat becomes available, you will be notified via email. At two weeks to the flight departure date, any unsuccessful waitlist redemption will be cancelled. Thereupon, you will receive a SMS and email to notify you to this end. Here is everything about me and what I do best.

Stocks Discussion

To be fair, understanding the value of money and how to become its master is more important than investing itself. Once we understood its real value and is determined to not become its slave, we will be more driven to maximise its value during our short life span. Personally, I will suggest to go back to the basics by understanding our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ Thereafter, understand what is going to happen in the future and set tangible goals, e.g. wedding in 5 years' time, starting a family in 7 years' time, children's education in 27 years' time, and retirement in 30 years' time. Additionally, goals can be as simple as not having to worry about money for holidays every year. To help us acknowledge the urgency of each event, calculate the exact amount that we need for each event. Then work backwards to find out how much we need today. From here, it should be obvious that such goal is impossible without compounding our money. The power of Compound Interest: https://www.blog.pzl.sg/what-is-compound-interest/ Now, learn about the various tools available to help us achieve our goals, e.g. bonds, equity, balanced portfolio. So long as we are serious about our goals, then we will know the importance to use the right tools to achieve it. Without a tangible goal, it is often tough to understand why we should grow our money. Here is everything about me and what I do best.

Stocks Discussion

When Apple was a billion dollar company, many investors asked this question. Now that it has hit the trillion dollar mark, the same question re-surfaced. There and again, we will analyse the business model that Apple has, which has ensured its sustainability so far. What is definitely impressive is its vision for the future, listening to consumers and giving in to consumers' demand. While it is playing the catch-up game lately, its branding and marketing is so strong that "because it is Apple", consumers will buy. At a tech-saturation point now, I'm curious to see what they are up to. And I'm confident that there are more to come. Hence the valuation may be excessive but it is not over yet. Here is everything about me and what I do best.

MileLion

There is a similar thread lately, check it out: https://seedly.sg/questions/which-book-the-cook-option-is-best-on-sq Here is everything about me and what I do best.

Stocks Discussion

I have to start somewhere when I first started investing. Accordingly, investing in one stock was all I could afford. Fortunately, Singapore market wasn't that volatile before I acquire enough wealth to invest into more stocks and funds. Here is everything about me and what I do best.

Stocks Discussion

I follow the annual reports of the companies that I am invested in. So long as the business model remains viable in the long run, I continue to hold the stock. Open communication, transparency, honesty. With good management dynamics, everyone can work together to achieve a common goal. Here is everything about me and what I do best.

Stocks Discussion

The ability to earn passive income consistently without having to worry about market movement. Here is everything about me and what I do best.

MileLion

Miles

Consider KrisFlyer with Singapore Airlines, which is part of Star Alliance network. They cover an impressive 1,250 destinations and 195 countries. Unfortunately you cannot exchange your points from Citibank and UOB card to Emirates Skyward. Here is everything about me and what I do best.
Load more questions
Level 8. Wizard
2023PointsGoal 3000
977 POINTS TO LEVEL UP
Browse Rewards
Top Contributor
Top Contributor
NOV