Tan Kin Lian

Means Testing

January 16, 2008 by Tan Kin Lian

By: Tan Kin Lian Mr. Tan, What are your views about means-testing? REPLY It is a lot of work, all lot of uncertainty, for quite negligble savings. The Minister for Health said that the subsidy will be reduced from 80% to 65%. The savings to the government is only 15%. Most people who uses the [...]

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in Categories: Insurance

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Charges under a investment linked policy

January 10, 2008 by Tan Kin Lian

By: Tan Kin Lian Dear Mr. Tan, I am confused about the many charges under an investment-linked policy. The insurance agent does not explain them clearly to me. I am now stuck with these high charges. Can I get out of them? REPLY It is better to buy a low cost Term insurance, to provide [...]

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in Categories: Insurance

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Taxi fares in Singapore

December 28, 2007 by Tan Kin Lian

By: Tan Kin Lian Fares and surcharges Applicable to CityCab, Comfort, Yellow-Top Cab, SMRT Taxis. Different fares apply to other operators Flagdown fare: S$2.80 (≤ 1 km) Meter fare S$0.20 (every 385 m thereafter or less > 1 km and ≤ 10 km) S$0.20 (every 330 m thereafter or less > 10 km) Waiting: S$0.20 [...]

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in Categories: Personal Finance

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Big writeoffs for sub-prime losses

December 20, 2007 by Tan Kin Lian

By: Tan Kin Lian Mr Tan, Why are there so much writeoff for bad loans by the big American banks and brokers? I thought that they package the products to sell to other investors. It seems that they are stuck with a lot of these products in their own funds. Surely, they know the risk [...]

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in Categories: Market Review and Trends

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Bid and Offer prices of Unit Trust

December 16, 2007 by Tan Kin Lian

By: Tan Kin Lian Hi Mr Tan, Not really about specific financial product, but I’m keen to know the difference between Bid-offer spread to Single pricing Unit Trusts. Is there a better model or do they work out the same? REPLY Most unit trusts indicate the Offer price and Bid price separately. You buy at [...]

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in Categories: Investing

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Act in the interest of consumers

December 10, 2007 by Tan Kin Lian

By: Tan Kin Lian Dear Mr. Tan, You spent three decades promoting insurance. Why are you now posting anti-insurance articles in your blog. Why? REPLY I do not wish to be anti-anything or anti-anybody. My purpose is to educate the public, so that they can make the right choice for their future. In recent years, [...]

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in Categories: Insurance

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Investment Horizon

November 25, 2007 by Tan Kin Lian

By: Tan Kin Lian Hi, I have some saving to invest. I am undecided about investing in shares or putting them in foreign fixed deposit. Which can give a better return for an investment of at least one year? REPLY If you are investing for 10 years or more, it is better to invest in [...]

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in Categories: Investing

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