If you have been following my posts – risk management, the following will impact most of us
- There will be a major change in the insurance industry as Singaporeans are getting more insurance savvy and demand for better and suitable products
- In housing loans, while most of you have been debating and timing between fix, floating or hybrid interest rates, did most of you measure the future affordability when rates increase to 3-4%. As a result where would most of you have the additional cash to finance the mortgage loans.
Since the financial crisis/Lehman back to 2008, Singaporeans have been enjoying competitive housing interest rates for almost 4 years. As always, most Singaporeans fail to see financial impacts .....
BUT When (2) occurs (it will definitely occur as a result of global growth), situations will occur and WILL
impact most Singaporeans, financial industry, stock market and the economy!
The above post is a reminder to Singaporeans/PRs/mortgage loan owners .....
What should you do next?
My warning comes ... such that you are advised to make and take precautions and not become as a victim to the above events.
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