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Business

6 Hours workshop on estate planning (9 & 10 May 2012)

May 15, 2012 by Wilfred Ling
Written by Wilfred Ling  Monday, 14 May 2012 On 9 & 10 May 2012, I conducted marathon workshops on estate planning. This is my first time doing so as I was unsure how the response would be. Each workshop lasted 6 hours. Altogether, there were 16 individuals who attended this talk. I consider it to be [...]
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Bill Ng Rangers Bid

May 11, 2012 by FF
Glad to read in the newspaper about a Singaporean, Bill Ng, who made a bid for Rangers football club and is now in the running again to buy the club despite earlier suggestions that he was out of the race. Reminds me of Peter Lim, the billionaire who was also bidding for Liverpool football club [...]

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The Avengers and Our Duty As Financial Planners In Singapore…

May 11, 2012 by Helmi Hakim
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 [...]

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The winning team lead by the professional planner

May 1, 2012 by Wilfred Ling
A professional financial practitioner does not work alone. He worked as a team. More than merely a team member, the professional financial practitioner is the one that exhibit the leadership quality to lead the team. An analogy is that the general medical practitioner does not work alone but relies on other professionals. But the difference [...]

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My Feedback to the Financial Advisory Industry Review (FAIR)

April 30, 2012 by Martin Lee
Ever since MAS announced that they would be doing a major revamp of the financial advisory services sector, the industry has responded with many views. Most of the current incumbents are against moving towards a fee-only model, while some consumers supported the move. I have added the links to some of these views at the [...]

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Apple Reports 2Q2012 Results

April 26, 2012 by The Journalist
In our recent post on Apple, we’ve stated that we believe the company’s quarterly result to be decent and that China will be the key growth factor. Yesterday’s result from Apple proved us right. iPhone shipments of 35.1 mil units easily surpassed the estimated 31-33 mil. As reported by Bloomberg, China has made up a growing slice [...]
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SoyBean Business : Good Trends and Bad Trends

April 26, 2012 by Dave
What makes a Good Trend and What Makes a Bad One? I have made a screen capture of the trend of SoyBean in the last 5 years. There has to be a surge of prices from Jan to May for a good trend to be established. Is the price in May much higher as compared [...]

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Theory and Evidence in Understanding the Incentives of Commissions Motivated Agents

April 25, 2012 by Wilfred Ling
Someone informed me of a research done by three researchers from Wharton,Harvard Business School and Harvard University relating to commission-based agents in the India life insurance market. The following were some observations: In our first experiment, we randomly vary both the stated belief of the customer as to which product is most suitable, as well [...]

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Why I will shun investing in Facebook

April 24, 2012 by financiallyfreenow
Facebook has been mulling going public and it is not new news. It will trade under the ticker symbol “FB” in NASDAQ. Rumours are flying around that it will list on May 17th 2012. Though Facebook going public is akin to the unveiling of a new iPhone, I’m not buying into the hype nor will [...]
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My Feedback for Financial Advisory Industry Review (FAIR)

April 18, 2012 by Wilfred Ling
I just submitted the letter to MAS: Dear Sir, RE: Feedback for Financial Advisory Industry Review (FAIR) As a full time fee-based professional financial planner for many years, I bring with me significant experience which I want to share with the committee. I am a CFA charterholder, Chartered Financial Consultant and as well as an [...]

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Business idea: Confinement nanny agency

April 16, 2012 by Greatsage
I have not been blogging for quite some time. This is because last month I became a first-time dad and I was real busy with my day-time job. I engaged a confinement nanny to look after both my wife and my little bundle of joy during this challenging period. During our research on confinement nanny agency in [...]

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ST Forum letter: Financial advisers go beyond writing reports

April 4, 2012 by Wilfred Ling
The following was published on the ST Forum Online on 31/3/2012: HERE AS A fee-based financial practitioner for many years, I take issue with the reported comments by Mr Vincent Ee, vice-president of the Association of Financial Advisers Singapore (‘Financial advisers seek gradual changes’; Thursday). He said financial advisers who are paid a fee for [...]

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Financial Advisory Industry Review Panel

April 3, 2012 by Martin Lee
After MAS announced their intention to do a review of the financial advisory industry last week, they have now announced the lineup of the panel who will be involved in doing this review. Panel for the Financial Advisory Industry Review (FAIR) Chairman • Mr Lee Chuan Teck, Assistant Managing Director, Monetary Authority of Singapore Members • Mr [...]
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Starhub Neil Montefiore talks recent developments

April 1, 2012 by Drizzt
In this recent video, the CEO of Starhub gave his insights on why pure mobile operators might be under threat the issue to address mobile roaming tariffs managed services may not be what people think [Video @ Telecoms.com]

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Silverlake Axis – Part 5 (Conclusion)

March 31, 2012 by The 20 Years Old Investor
Let’s do a recap of what has been discussed thus far Financial Statement Analysis Positive Negative Very high profit margin of 35% to 65% Profit margin might vary due to 4 different segment margin in the range of 25%, 40%, 65% and 90%. However, sales of hardware often constitute a very small part of total [...]

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ST Forum letter: Fee-based scheme not a problem

March 30, 2012 by Wilfred Ling
The following letter was published on Straits Times online HERE: I SUPPORT the Monetary Authority of Singapore’s review of the commission-based structure of financial advisers (‘Financial advisory sector faces shake-up‘; Tuesday). Many advisers and firms have their doubts, anticipating that clients will be unwilling to pay for advice. But that is the case because the [...]

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Financial Advisory Industry Shake Up

March 29, 2012 by Lau
It seems that the recent speech by the Managing Director of MAS has triggered a strong response from the industry. I guess it is because he mentioned points that will have a significant impact to the industry like raising the entry criteria from the current 4 ‘O’ levels to keep up with current education trends [...]

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Sweeping changes to the financial industry is coming…

March 27, 2012 by Wilfred Ling
Yesterday, the Managing Director of Monetary Authority of Singapore announced possible sweeping changes to the financial industry at the anniversary gala dinner hosted by the Life Insurance Association. It was also reported by the Straits Times Financial advisory sector faces shake-up Mr. Ravi Menon spoke of the need to put customers’ interested first. The following [...]

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