Author: The Official Helmi Hakim Website

Empowering The Muslim Community In Singapore With Financial Planning….

Alhamdulillah…. NTUC Income Muslim financial consultants will be renewing our effort to reach the community, by having a roadshow booth at Joo Chiat Complex NTUC Fairprice from 23rd July 2012 to 5th August 2012. We have been consistent in our commitment, determination and spirit to engage the community, educating them on the importance of proper money management. We can help you plan for your retirement, plan for your child’s education, plan for your marriage, or assist you in specific financial needs that you will like us to address. Insya’Allah, we will do our best to assist you. If you...

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I am avoiding all forms of investments in Malaysia….

These past few months, I received smses, and msges asking me, if I have purchased my Danga Bay property in Malaysia. My answer is NO. Here are the reasons. 1) Instable political landscape in Malaysia Strong governance is very important in a country that you will like to invest in. The recent Bersih rally, worries me a lot. Roads are blocked and businesses suffered. Police officers were beaten up and their patrol car overturned. I believe, the opposition parties have a stake on this rally, and they will continue to push for such rallies in the future. They will...

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The Avengers and Our Duty As Financial Planners In Singapore…

How many of you have watched this latest movie, “The Avengers”? For every 10 of you reading this blog post, I can guarantee at least 5-6 of you have watched this movie, because it is soooo popular… My facebook feeds are flooded with people “checking in” the cinema to watch the movie or filled with snippets of reviews, line of thoughts about the movie. Overall, the movie was awesome, though I feel, some part of it should be trimmed away. i love fast action movie ………………………………………………………………………………………………………………………………………………………………………………… So, what does Avengers got to do with financial planners in Singapore? When...

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Muslims In Singapore Can Now Use Revocable Nomination For Their Insurance Policies….

Alhamdulillah…. MUIS has issued a FATWA allowing Muslims to use revocable nomination for their insurance policies. (Myself and my client interviewed by BERITASuria, Malay news channel, few days ago. Click the link to view video) ………………………………………………………………………………………………………………………………………………………….. This new fatwa, is a fatwa that has been much welcome by the Muslim community who owns  insurance policies in Singapore . The fatwa will affect all Muslims who have an insurance policy with insurance companies in Singapore with effect from Sept 2009. This is because since Sept 2009, Muslims can only use irrevocable nomination for their insurance policies and there are many limitations...

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Singapore Civil Servants, Have You Get Your Medical Insurance?

These few weeks, I am very busy, with the army camp talk, promoting medical insurance to the army soldiers. This is in view of the special partnership arranged between the insurance cooperative, I am working with and Singapore Armed Forces. There are basically 2 broad categories of schemes for the civil servants. Non MSO and MSO. CPW and CCS (Non MSO) are schemes for civil servants who joined before the year 1994. Whereas MSO, are schemes for Civil Servants who joined after 1994. If you are a civil servant, who joined after year 1994, you do not have any...

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Financial Consultant, Helmi Hakim’s Diversification Strategy To Invest In Funds…

Past few days, there is a problem with my server, and my site was brought down….. headache I emailed the server technicians in US, and was told one of my old sites (I host a few websites with them), was unsafe, and because of that, they have to bring down all my sites, including http://www.helmihakim.com … Imagine the stress, that I have…. Smses from clients, emails from those who advertise their web on my sites started to stream in, asking me, what happened exactly. :/ This is when, I suddenly remembered, the famous theory of diversification. Thus, what I...

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Should You Take Housing Loan or Pay Your HDB House In Full If You Got The Money?

If you recently read my blog, I spoke of my aspirations to accumulate my money as soon as possible, so that when I get married in 4 years time, I can pay my 4 room HDB house, in full, IMMEDIATELY. (clearing the biggest loan, one can have in a lifetime) My rationale is that, when you start up a family, the 2 most important things that you need to have is YOUR house and sufficient life insurance coverage (MONEY) to leave for YOUR wife & children should you go to heaven. My rationale of getting “resale” HDB house because,...

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You Invest In Funds & Now Losing Money? What Should You Do?

In this turmoil, I met a number of people in roadshows saying that they have been “burnt” by their investments. Practically, they have lose money in shares, lose money in funds, lose money in forex, lose money in anywhere….practically all losing money in their INVESTMENTS. Well, I got 2 news, if you belong to the group who practically lose money in funds. I got good news, and I got bad news for you. Bad news? You already doomed yourself of losing money, if you SELL today. Yes….You realised your net loss by selling your units at a cheaper price...

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Savings’ Objectives If You Are In Your Early 20’s…

As you know, in my profession as a financial associate, I get to do financial planning for a lot of people. It is a special privilege for me, as directly or indirectly, I get to see EXPLICITLY on how the rich and the poor managed their finance. I realised, its not really how much you earned, that matters. Rather, it is how much you SAVED. One of the tools that enables me to see vividly, interpret the current financial standing of my clients, is the usage of cashflow statement. I feel sad that a lot of people out there,...

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What Is Assets Allocation All About?

By: Helmi Hakim It is COMMON in the finance world for us to hear these jargons like “assets allocation“, “rebalancing” etc2… In this post, I will like to share with you 2 COMMON approaches, financial planners use to allocate assets of our clients efficiently and effectively. 1) Strategic Assets Allocation Example: If my client get NTUC Income flexilink policy, and invest 60%  equities and 40%  bonds in his investment portfolio. Assuming that because of economic downturn, his equities allocation subsequently reduced to 50%. If I were to adopt the strategic assets allocation method, I will seek my client to...

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Investment That Can Give ROI of More Than 1000%

By: Helmi Hakim In my daily pursuit as a financial associate, I met a lot of people. People with different characters, different goals, different needs and different line of thinking. The beauty of it is that I get a lot of exposure and learning experience from meeting these people. Let me share with you an experience I have yesterday. Just for sharing purpose only ya…. I met with a couple whom I came to know from a roadshow. We talk about NTUC Income Ideal Plan. They specified their objective of savings as “to improve living standards”. I craft a...

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