Author: The Official Helmi Hakim Website

M9A Insurance Regulatory Exam Blog Post No 2

When the investor is bullish about the stock’s performance and expect stock’s price to go up, he buys (long) a ___________ option. When the investor is bearish about the stock’s performance, and expect stock’s price to go down, he buys (long) a ____________ option.   …………………………………………………………………………………………………………………………. ………………………………………………………………………………………………………………………….   If you cannot answer this question, do go back to my first blog post where I share more on buying call and put options. http://helmihakim.com/investment/m9a-insurance-regulatory-exam-blog-post-no-1/ It is important that you understand the very basic first, because with very strong fundamentals, you can easily grasp the advanced ones later. Moreover, MCQ exams...

Read More

M9A Insurance Regulatory Exam Blog Post No 1

I understand that some of my colleagues, in the finance industry find it challenging to pass the regulatory exam, M9A. Thus, I will like to make a small contribution here. I will be writing a few blog posts, to help explain in a simple, easy to understand manner, concepts that you need to know, when you undertake the M9A exams.  If you find it helpful, do share my blog post around! ………………………………………………………………………………………………………………………………………………………….. ………………………………………………………………………………………………………………………………………………………….. In this blog post, I’m going to share more about buying a derivative instrument called options. Most of us are familiar, that when we first get married, and want...

Read More

The Mechanics Behind The Formula Of Compound Interest….

Today, I am going to share with you what most finance courses out there, dont teach you. The Mechanics Behind The Formula Of Compound Interest!   In one of my previous blog post, I have shared on how to calculate compound interest, without using a financial calculator. This is the formula again. Principal (1+interest)number of years In this blog post, I am going to share with you the mechanics behind the formula of compound interest for a single cashflow. Before that, let me give you an example, on how compound interest works. Example, you have $10,000 today, and you earn...

Read More

Financial Consultant, Helmi Hakim Graduates With First Class Honours….

Alhamdulillah Wa Shukrillah…. I have finally graduated with Bachelor Of Science (Hons) in Banking and Wealth Management, University Of Wales, UK, with first class honours.   It has been an uphill task thus far, juggling appointments with clients and school, but a rewarding  and satisfying one. I have made great friends along the way and learnt what it takes to be an empathic,  professional and competent financial planner. Now, I have the time and resources to share what I learnt, and apply it fully onto my 600+ clients. Till then, I shall wait patiently, for our convocation in November 2013. Insya’Allah… My other related...

Read More

Disability Insurance Plan In Singapore, What Is It All About?

Incomeshield, Primeshield, Eldershield, Myshield, Supremeshield, Medishield….. All sounds like the same, and clients tend to confuse, which is which. I met my prospects who thought that they have a hospitalisation plan and it turns out to be a disability insurance plan, vice versa. …………………………………………………………………………………………………………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………………………………………………………………………………. Today, I am going to explain more on disability insurance plan in Singapore. At the age of 40, the government of Singapore, automatically subscribe for Singaporeans, this plan called Eldershield 400. (the senior ones have an older version called Eldershield 300) Eldershield 400 is managed by 3 insurance companies, NTUC Income, Aviva or Great...

Read More

I just thought, wanna buy a car in Singapore…

I was planning to buy a car, paying a downpayment of $10,000 and rest on loan. Everything is now stable. I completed my degree. I am happily engaged with my beautiful fiance, getting married at the end of the year, and Alhamdulillah, now, I am having lots of appointments non stop, justifying that a car will help me travel more efficiently around the country. Then came the news that the Monetary Authority of Singapore is imposing restrictions on loans for  private cars to safeguard against borrowers defaulting on their repayments. Beginning, today, 26 February 2013,  consumers will be limited to...

Read More

Malay Weddings: How Much Money You Need, To Get Married In Singapore?

My friend always tell me, “You all Malay, very lucky one….. We, Chinese ar, our wedding can cost $50,000 – $60,000…… Our life savings all gone….” I used to agree with them, until I plan for my own one…. but now, I have a come back line, ” Ya lah….But you all can cover back your costs wat….” lolz….. I have been procrastinating to post my rough calculation on the cost of Malay wedding in Singapore. But for the benefit of all, below is the extract from my own financial plan, just for my side of the wedding held...

Read More

Financial Consultant, Helmi Hakim’s Perspective On 50 Year Housing Loans In Singapore…

I was reading the Straits Times Forum where the author describes introducing 50 year housing loan as being “imaginative”, and as a “daring to be different” move. http://www.straitstimes.com/premium/forum-letters/story/nothing-wrong-50-year-housing-loans-20120816 I beg to differ with the author. Though, stretching a loan to 50 years, makes the monthly instalment more affordable, it also reduces the payer, to a mere debt slave to the said banking institution for life. It is a profitable proposition for the bank, as they earn lucrative interest for 50 years. But for Singaporeans, it is indeed pitiful to pay so much and for so long on something that you will not...

Read More

Will Gold Price Always Go Up, Up and Up And Never Come Down?

“We must keep gold because American dollar is depreciating” “European countries like Greece, Spain, Italy and Portugal are having debt crisis. We should buy gold.” “Capitalist economy is moving towards destruction. Keep gold.” ……………………………………………………………………………………………………………………………………………………………………………. ……………………………………………………………………………………………………………………………………………………………………………. This is the tagline that I get, whenever I meet anyone, advocating the idea of investing their money in gold…. and for some of my clients, they have been asking me, the best time to buy gold. My clients asked me, when the price of gold will goes up, and when the price of gold will goes down. Some told me, even since the...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

Recent Comments