HSBC to sell general insurance business to AXA and QBE

HSBC Holdings PLC said Wednesday that it has agreed to sell its general-insurance businesses in Hong Kong, Singapore, Argentina and Mexico to AXA Group and Australia’s QBE Insurance Group Ltd. in separate deals valued at about $914 million in cash. The move is part of HSBC’s efforts to diversify away from noncore businesses, while focusing on its core banking operations. Following the … [Read more...]

NTUC Income Value Pack for the Low Income Group

NTUC Income will be launching a Value Pack comprising a low-cost term insurance and Enhanced Incomeshield Plan C specially for the low income group and the uninsured. This initiative is driven by NTUC’s social purpose and seeks to address the protection gap issues of the low-income group, uninsured and underinsured.  This pack is only sold to those who meet the following criteria: Those … [Read more...]

Can You Make Consistent Income By Selling Weekly Options

Recently, I attended a seminar talking about making income through selling options. my friend has written a blog article summarizing the event. I agree with him that this kind of strategy is never as simple as it appears to be. If you follow my blog, you know that I am often skeptical of the unrealistic simple and easy money making strategies promised by investment courses. One can never make … [Read more...]

Standard & Poor’s cut Greece’s Credit Ratings to Selective Default

When the market was still cheering for the rally last week, I wrote an article “Take a look at Greek debt problem from a Folli Follie point of view“. I reckoned that “Greece default” is no longer a myth but a fact. Yesterday, according to Bloomberg, Greece had its long-term sovereign credit ratings cut to selective default from CC by Standard & Poor’s Ratings Services, … [Read more...]

Take a look at Greek debt problem from a Folli Follie point of view

In Oct last year, I wrote a blog entry “Greece Default Almost Certain“. Now it is 2012 Feb, Greece “still hasn’t defaulted”, instead, the creditors took 50% haircut in Oct and another further 53.5% cut this month. So on the paper, a $100 Greek debt is worth only around $25 now, but it is NOT default? Anyway, in the previous article, I asked “Who has made money in this crisis?” The answer has … [Read more...]

What can happen if you are at the wrong side of the market

I always advocate that investors should not to pay too much attention to financial news. The main reason is that as a retail investor, your reaction just cannot beat the “big sharks”. This morning, when you may be having your company meeting, having a toilet break or even watching the computer screen, Reuters announced that Europe seals new Greek bailout to avoid default. Take a look … [Read more...]

AIA Healthshield Gold Max opens to Foreigners

Hospital bills in Singapore are constantly on the rise. Medisave Approved Integrated Insurance Plan is no longer a luxury but a necessary component of anyone’s financial health. It is very affordable and covers high sum assured. However, if you are a foreigner working or living here, being a student, working expatriate or dependent of a Singaporean or PR, a large medical bill can create an … [Read more...]

How to become a millionaire by investing in properties?

Most of the time, investors focus on how to “make quick money”. The idea of “becoming next door millionaire” is all time gimmick and never fails to attract followers. I am not surprised to read from Sunday Times article that people actually paid nearly $3,000 to attend a 2.5 day course, hoping to become a property guru overnight. While I do not know how many of them have … [Read more...]

Has STI rally surprised you?

I haven’t blogged for a few weeks as I was overseas. When I was back, I felt so hilarious to see the newspaper headlines every day saying “investors were all surprised by the recent market rally”. Back in early January, horrible stories covered newspapers every day. “Professionals” and “Analysts” who used to advocate how cheap the stock valuations were … [Read more...]

How can you outperform Warren Buffett?

If you have not noticed, Warren Buffett has “underperformed” S&P 500 index in 2011. Buffett’s Berkshire Hathaway slipped 4.7% in 2011, while the Standard & Poor’s 500 index ended essentially unchanged. What would you have done to outperform Warren Buffett in 2011? Simple, Hold Cash! This reminds me of an interesting story. Recently, I was doing an investment … [Read more...]

CPF members enjoy average 12% savings on Home Protection Scheme (HPS)

With effect from 1 January 2012, about 362,500 CPF members who are paying annual Home Protection Scheme (HPS) premiums will enjoy average savings of 12% on their premiums. This constitutes 80% of members who are currently paying annual premiums for their HPS, while the rest will continue to enjoy the low premium rates they are currently paying. With the reduction, CPF members will pay … [Read more...]