The post Seminar: How to be financially independent? first appeared on https://www.ifa.sg. This is a talk to PSA recorded live on 17 July 2023.   Like this article? Subscribe to my mailing list by visiting: https://www.ifa.sg/subscribe ..read more

The post Should You Buy Insurance From Friends? first appeared on https://www.ifa.sg. Question: So should I buy insurance from friends? Answer: No, you should not buy insurance from your friend if your friend has little experience. Do not buy insurance or anything from your friend just for the sake of support. Buy because you felt that the advice given was good and the product suits you. A true friend is the one who will look out for you. A true friend is the one who will recommend an appropriate investment or insurance products that will benefit you. Buy because the product recommended was s ..read more

The post Wilfred Ling’s Story, the beginning first appeared on https://www.ifa.sg.   Like this article? Subscribe to my mailing list by visiting: https://www.ifa.sg/subscribe ..read more

The post Three Approaches to Investments first appeared on https://www.ifa.sg. Someone wrote to me the following comment: “I invested via Endowus, Sfye, Moneyowl  and Stashaway. None of them are doing well. I am very sad. I thought ETFs could weather the storms better than investing in individual stocks.” Do you resonate with the above statement? If you do, continue to read this newsletter. One of the main reasons why many investors are not satisfied with their investments is due to not being aware that there are three approaches in investments. Market Returns The first approach to invest ..read more

The post How to create your own dividends paying portfolio first appeared on https://www.ifa.sg. Last Updated on 23, January 2023 The other day, one of my clients informed me that he plans to take early retirement. Despite being below the statutory retirement age, his employer is offering a special package to encourage employees to voluntarily leave the company due to the ongoing economic recession. Rather than waiting for conditions to deteriorate further, he decided to apply for the early retirement package. During our conversation, he emphasized the importance of converting his investment p ..read more

The post What are the recommended dividend stocks in Singapore for retirement? first appeared on https://www.ifa.sg. https://www.youtube.com/watch?v=m29yx5n-5bU 1. It is not recommended to invest for the sake of dividends I am not in favour of investing for the sake of dividends. I am not saying that we should not invest in stock that pays dividend. However, if the objective of the investment is solely to receive dividends, I am against this kind of objective. I am always a believer in investing in a diversified portfolio. However, to be invested in a portfolio of 100% dividend paying stocks i ..read more

The post Now is the time to start investing first appeared on https://www.ifa.sg. https://www.youtube.com/watch?v=R6vKadJKvyg   Hi, this is Wilfred Ling. I just felt the need to record this video because I have something really important to speak to you. Having been a financial planning practitioner for 16 years, there is one observation. When the stock market is doing well, when there are plenty of jobs, I have many clients coming to me to invest. Almost everyone claims to be high risk taker and long-term investors. However, usually this is the worst possible time because the market woul ..read more

The post AIA Pro Achiever 2.0 and my recommendations first appeared on https://www.ifa.sg. AIA Pro Achiever 2.0 was a product which someone recently asked me about it.  She was told by her insurance adviser that the return of 8% is guaranteed which is false. I proposed that we meet up so that I can provide her with sound financial advice, and she agreed. 1. What are the factual details for AIA Pro Achiever 2.0? So, what are the information regarding AIA Pro Achiever 2.0 that are factually true? Firstly, the AIA Pro Achiever 2.0 is an investment-linked policy that was manufactured for the ..read more

The post 60’s with no dependants – which insurance is a must have and nice to have? first appeared on https://www.ifa.sg. https://www.youtube.com/watch?v=fvx1TTl_Jdg   Question: Question: For someone in their 60s and no more dependent, which other insurance is a must have and what are the nice to have? Answer: Insurance for medical For someone in the 60s with no dependent and assume no liabilities, the two important insurances that are a must have are Medical insurance similar to an integrated shield plans and Long term care similar to Careshield Life. However, recently there was some c ..read more

The post What Can You Invest If You Have $400k? first appeared on https://www.ifa.sg. https://www.youtube.com/watch?v=PnxVBrU_QEA   Question: I have about $400,000 to invest. I would prefer something safe, what should I do? Answer: For capital guaranteed product, I recommend Singapore Saving Bond. First because you can liquidate fast within one month. The capital is guaranteed, and it does not fluctuate with the market. Second, the interest is good – much better than fixed deposits. Third and more importantly, it is backed by the Singapore Government which has the highest credit rating. S ..read more