FISG - Financial Independence with Stanley Gan

31/05/2023

" Interest rate for SA & MA are pegged to the average yield of 10-year government securities over a 12-month period & reviewed quarterly...will go up if expectations of future inflation are to rise... " - for long term

"OA rate is based on average of the 3 local banks' saving & FD rates over a 3-month period..." - for short term

22/05/2023

All you need to know about health insurance in Singapore (from CPF)

https://www.cpf.gov.sg/member/infohub/educational-resources/money-matters-health-insurance-and-you?

All you need to know about health insurance in Singapore.

20/04/2023

Light shines the brightest when it is dark. The light brings warm & comfort in the midst of inflation, uncertainty outlook. We are looking for entrepreneurs to join us in this journey. Arise & Shine!

*PM me for a discussion

21/03/2023

A good read and reminder about CPF nominations & Will-writing. Seek professional advice to ensure lawful & correct distribution.

16/02/2023

"Rather than restricting access to a limited pie, it is better to grow the pie, so that everyone gets something, and in that way, everyone gets more".

Look at the successful financial planning of our country. How are you growing wealth so that it is a blessings to others? PM to explore options.

01/02/2023

"According to a study from the American Psychological Association, experiencing burnout may increase your likelihood of developing myocardial infarction, ischemic heart disease, stroke and sudden cardiac death, not to mention psychological distress like depression and anxiety.

The costs associated with these critical illnesses can be hefty, which could undercut all the wealth you’ve worked through so much stress to build."

https://www.greateasternlife.com/sg/en/personal-insurance/lifepedia/medical-coverage/is-your-workplace-costing-you-your-health.html?utm_campaign=gels_dem_cp_ld_blog44927&utm_medium=display&utm_source=other_facebook&utm_content=&utm_term=workplacehealth&dclid=CKSr6LPx8_wCFVwstwAdrgcEgQ

Everyone is a WIP. Make yourself a priority and take action with protection.

27/01/2023

06/12/2022

Very thankful for the Outcome Review report by Ministry of Finance (M*F). It provides a good perspective on our standings in the global market. You can find the report at the link below:

http://go.gov.sg/spor

There are things we cannot control & things we can control. Very delighted to know the increase of LPA being done, showing more people are aware of the importance of Estate Planning & chosing to do it. An increase in the chronic disease reminded us not only to keep healthy but also to be well insured.

What are you thoughts in this report?

16/11/2022

While hanging out with friends, common topics are Family, Finance & Future. "How's Singapore market?", "How do we know when is the right time to enter the market?"...etc. There are 2 areas to it:

1. The hardware - 1 of the common ways is to deduce and decide from the price chart of Strait Times Index (STI)*, ie Active-Trading. This may not be suitable for many as it requires constant monitoring & involves a lot of emotional discipline.

2. The heartware - "Can you still sleep at night if your investments have short-term losses?" **. It is important to know your risk appetite and not fall into a gambling mindset.

If you realized your risk appetite is not as high as you think(meaning to have a peaceful sleep), it would be better to transfer the risk to professionals & let them handle for you. You could also consider a lower-risk financial products that would complement your life goal.

* (Yahoo Finance)
**(https://www.cpf.gov.sg/member/faq/growing-your-savings/cpf-investment-schemes/how-do-i-decide-how-to-invest)

02/11/2022

Legacy planning is not just for the rich. It allows you to have full control over who you want your assets to be distributed & make full use of it.

https://www.channelnewsasia.com/listen/money-talks/legacy-planning-not-just-rich-ep-17-3035591?cid=FBcna&fbclid=IwAR1sUOHbvrJxlqmeiX1xiEU167ZwNcXF-1ZSXOuN403VD3rKbIFkN1ID25o

Thinking of what happens when you die and making active plans to manage your assets may seem morbid, but legacy planning is important for everyone with dependents. John Yeo, Lead for Client Advisory, MoneyOwl discusses the need for wills and other aspects of legacy planning.

28/10/2022

A useful 15min podcast on Critical illness coverage - insurance for your income :

1. The concerning critical illness insurance gap
2. The lingering misconceptions debunked
3. Affordability of C.I. plans

What happens to your income when you fall really sick and need time off work to recover? Howie Lim speaks to Colin Chan from Great Eastern to find out. Read more at The Business Times.