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(Post 85/Year 1 week 22)Learning investing/trading together part 17: Practical Guide On Financial Planning (By Tan Kin Lian) part 3
By Sonicericsg  •  April 19, 2019
Simply avoid products that are complicated to understand, unless you have a lot of time on your hands 22. Unregulated Investment Product MLM, wine investment etc, you name it, avoid it! 23.Investing In A Life Annuity The book recommends putting your money in a life annuity, but I think you are better off parking your money with SSB(Singapore Saving Bond), which is backed by the government and either in the STI ETF or Singapore ABF bond 24. Writing A Will Definitely a must for retirees! 25.Experience Of Consumer Do read this interesting part about the various scenario of people with a different financial and family background
26.Commonly used words and what they mean Annual management fee This is the fund management fee, charged by the fund manager to manage your fund Benefit illustration
Shows the benefit you get from the insurance...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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