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THE WRITER Koh Shi Li. Born on 6 Sept 1987. Virgo. Has 2 sisters, whom i'm in a love-hate relationship with. Met the most wonderful guy, who is also damn lucky to have met me, on 18 Nov 2006 and we have been working hard towards a beautiful future tgt since then. HER MAN Puah Yeow Chong  HER UPDATES TAGBOARD HER FRIENDS OTHERS HER MEMORIES August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 CREDIT |
Friday, February 20, 2009 Ever thought of... Having a clearer view of what are your short, mid and long term goals, and if you're able to meet those goals financially? Want to know if you can better to help you meet your goals? Whether your investment is sufficient with the current inflation rate? How much risks are you willing to take and if your investments are within your risk tolerance? Why do you need 2 persons to take care of your investments and insurance when you can have one person to do the job? Then perhaps you're looking for a financial advisor, who can help you handle both your investment and insurance based on what you need and to help you keep your investments within your risk tolerance. (Of course if you have low risk tolerance, you cannot expect extremely high returns. After all, this is what we have been learning in school.) Also, a review will be done half yearly as things are expected to change every now and then right? You’ll never know, some day you make wake up and find that you’re a parent.For those that who don't already know, my boyfriend is a financial advisor, who is working with PIAS (Professional Independent Advisory Service), but I am not typing this entry just because I want to promote him. Anyway, the story goes like this... Darling wanted me to be the 1st one to sit down and do the Fact Find, which is a procedure to understand my goals, financial condition, and what policies and investments I already have, because he hopes that I can have a better understanding of what he is doing right now. So I sat down with him on Monday night and he went through with me my short, mid and long term goals. Since I think that I’m still young, I have never really thought of my goals seriously. Like, I always say that I want to marry soon but I don’t even know much I have to spend, and save, for a wedding dinner, the gown and the photo shoot. As for midterm goals, I have not even ever thought of those before. It was when he did the analysis with me when I seriously thought of my goals… how much savings I want to accumulate 5 years and 10 years down the road, what kind of house do I want to buy, whether I would want to upgrade my house, etc. I was quite happy with my current financial condition as I am paying for my own insurance policy, which doubles up as an investment, and thanks to my very smart mummy, I have investments in unit trusts as well. But then, much to my disappointment, I found out that I did not buy insurance policy, I bought an ILP! Meaning, if I were to treat it as an investment and withdraw the money in the future, I will not be insured anymore! I feel so cheated by the bank which I bought the ILP from. Now they are deducting $200/month from my bank account and it has been so for the past 3 years! Argh. So after realizing this, I decided that this dumb ILP will not be my life insurance policy, so I have to get one more, which mean I have to incur more money monthly. Sigh. Darling also helped me planned my retirement and asked me how much do I think I need if I were to have an accident and will not be able to work. That part was abit sad, but darling says it’s just life and it doesn’t hurt to be prepared for such things even if they do not happen. Basically, it’s just helping me to protect me and my family if such a thing ever happens and to see if my current policies is sufficient for me to cover my expected expenses in the future. After reading such a long entry, if you’re interested in having a financial analysis to get a wholesome view of your financial and insurance situation, please do not hesitate to contact me. Anyway, darling asked me to give referrals and I gave him 40. For those who are close enough to be reading my blog, it is HIGHLY LIKELY that you’re one of them, so he may be calling you~ Lastly, just want to say that it is good to understand what you want in life and whether you’re prepared for what is to come. But what’s the point of knowing what you lack if you don’t do anything about it right? Don’t worry because he will not recommend you things that you already have or do not need at all. He’s an honest man who wants to establish long term relationships. (As seen from our relationship. Haha!) |