Daniel Au Financial Services Consultant

Daniel Au Financial Services Consultant Hi! I am Daniel, a Financial Services Manager & Prestige Personal Wealth Manager with AIA!

As Singaporeans, we are blessed to have CPF, a comprehensive social security system! If you are 55 and below, 37% of our...
11/10/2024

As Singaporeans, we are blessed to have CPF, a comprehensive social security system! If you are 55 and below, 37% of our monthly wages (20% Self + 17% Employer) are contributed across our 3 CPF accounts!

But do you know how CPF helps us lay a robust foundation on our Financial Planning Journey? 😊 Swipe 👈🏼 to find out more!!

Most Singaporeans rely heavily on CPF to build up funds for their future Retirement funds! But how will you know if it’s sufficient?

Do you know that for a similar standard of living during our retirement years, we should prepare enough funds to receive at least 75% of our last drawn monthly income for our golden years, adjusting for inflation!

Let us know if we can be of help, helping you and your family gain more clarity & awareness planning for Retirement! Or do speak with a Trusted Financial Advisor to walk this through with you!! ✨

Gain Clarity, Do more and Do earlier if you can!! 😊

We hope to partner you in your financial literacy journey!

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Preparing for the next phase of your life with your Partner? Home Purchase is a significant milestone in our ✨Adulting J...
10/10/2024

Preparing for the next phase of your life with your Partner? Home Purchase is a significant milestone in our ✨Adulting Journey ✨

Here’s an overview of what you need for your home purchase in 2024!

Recent cooling measures implemented on 20th August 2024 brings Loan to Value Limit for HDB Home Loans from 80% to 75%, in line with Home Loans from Financial institutions! In 2020, it was up to 90%!!!

The new HDB Flat Eligibility (HFE) replaced HDB Loan Eligibility (HLE) from May 2023, you & your partner gets to know about eligible grants and available HDB housing loan quantum beforehand!

Read on to find out more! 👈🏼 P.S this serves as a general guide, information is accurate as at 9th October 2024 and please do further research and consult with a trusted Financial Advisor!

We hope to partner you in your financial literacy journey!

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5 Common Financial Planning Mistakes Singaporeans Make! Swipe 👈🏼 to find out more on how you can avoid them!! Have you f...
10/10/2024

5 Common Financial Planning Mistakes Singaporeans Make! Swipe 👈🏼 to find out more on how you can avoid them!! Have you faced these situations before too?

#1: Proper Budgeting
#2: Reliance on Credit Cards
#3: Insufficient Insurance
#4: Delayed Retirement Planning
#5: Uninformed Investments

It is never too late to get our finances back on track!! We hope to partner you in your financial literacy journey!

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The CBOE VOLATILITY INDEX (VIX) •How do you know what’s the broad market sentiments now? •VIX, A.K.A. the Wall Street Fe...
18/03/2022

The CBOE VOLATILITY INDEX (VIX)
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How do you know what’s the broad market sentiments now?
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VIX, A.K.A. the Wall Street Fear gauge have been used as a real time index, representing a 30 day relative strength projection of price changes in the US S&P 500 index
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Generally, a number >20 signifies higher market volatility and investors are more wary.
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What’s the VIX now? Is it as high as during the peak of Covid, in March 2020?
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You would be surprised its at ~26 as of today, as compared to a peak of 85.49 on March 16, 2020.
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Should you Buy, Hold or Sell though? Read on to find out more!!
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I am pleading guilty. I am a victim of Sleep Revenge!! 😴💤A couple of months back, one of my good friends introduced me t...
27/08/2021

I am pleading guilty. I am a victim of Sleep Revenge!! 😴💤

A couple of months back, one of my good friends introduced me to the term "Sleep Revenge" and I completely didn't know that was a thing. 🤔

I thought he made that up. So I asked him what does it mean?

That was when I realised what I have been doing (more often) ever since the entire Covid-19 (sadly, still ongoing) saga happened was actually "Sleep Revenge"

Sleep Revenge -- Describes the decision to sacrifice sleep for leisure time that is driven by a daily schedule lacking in free time

I used to feel guilty of doing it, LIKE WHY AM I NOT SLEEPING though I tell myself in the Morning, that I am dead tired. 😩😪

But I subsequently realised that, it is PERFECTLY FINE, and I shouldn't feel guilty.

We juggle between multiple roles during the day, as a Student, Working Adult, Colleague, Child, Boyfriend/ Girlfriend and the list goes on and on..

If sacrificing a bit of sleep gives me happiness, in that I finally have a pocket of time at night where there are no more disturbances (Projects, Work, Emails..) Why not? 😆

Do what makes you Happy, and no two individuals are the same, we can't expect everyone to Wake up at 5am, Sleep at 10pm.. right?

Your Income Dictates Your Lifestyle •The result of slogging hard at School for close to 15 years for most of us, is to f...
10/08/2021

Your Income Dictates Your Lifestyle
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The result of slogging hard at School for close to 15 years for most of us, is to finally move on to the next phase of life.
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Entering the Workforce!
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We start to earn an Income, and are finally able to start our path to become financially independent.
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Our Income provides us an opportunity to choose the exact kind of lifestyle and standard of living that we desire.
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Type of food, home, car, clothes, vacations.
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Similarly, without an Income, all this would not be possible.
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Hence, our Standard of living is dependent on 2 things.
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1. Our earning ability
2. The depth of our bank account
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Everything in life can remain as rosy at it seems.
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As a working adult, have you thought of what happens if you lose your earning ability overnight?
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Have you prepared sufficiently for these scenarios?
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Critical Illness. Total & Permanent Disability. Death.
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Or would you be leaving your family in financial distress, with their desired lifestyle in shambles when the Income you once earn for the family, is gone?

One of the GREATEST joys of being an Adult, is having access to “Adult Money” a.k.a. Monthly Income. 💰•Our level of Inco...
03/08/2021

One of the GREATEST joys of being an Adult, is having access to “Adult Money” a.k.a. Monthly Income. 💰
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Our level of Income dictates our kind of lifestyle. 🍣🛥🏖📖🏡🧥
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It gives us the opportunity to purchase Food, Shelter, Clothing and Experiences like Vacations, as Marie Kondo says "Sparks Joy". ✨😊
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And as any other human being, it is natural for us to carry on living our best lives without pausing and think, what happens if I stop receiving Income overnight?
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Because heck, for the past 20, 30, 40, 50 years of our lives, nothing has ever happened to me! 💪🏼
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3 months is okay, how about for a year, or two, or five? ⏳
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Or worse still, FOREVER! Because you are either no longer able to work or around to support those who are dependent on you, your Family. 👨‍👩‍👧‍👦
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Just think about it. 💭
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What have you been actively doing to protect your Income? 🤔

3 Greatest Fears We Have Subconsciously•As working adults, especially those of us whom have just stepped into the work f...
27/07/2021

3 Greatest Fears We Have Subconsciously
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As working adults, especially those of us whom have just stepped into the work force, it might not be a stone throw away.
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Occasionally we will have flashes through our minds, “AHHHH how good would it be, if I can enjoy round the world vacations, shopping, gifting, dining out or even just spending my days lazing away” 😌🤪🤩
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But, what IF life just doesn’t unravel or allow you to enjoy like how you planned out? Have you ever thought of that?

28,000 – A Figure that you shouldn’t forget! & Here’s why! We have an average life span of 28,000 days, which is approxi...
23/07/2021

28,000 – A Figure that you shouldn’t forget!

& Here’s why!

We have an average life span of 28,000 days, which is approximately 80 years!

80 years sounds like a really long time but its definitely not! Just think about how fast time has passed, can you imagine you are currently __ now?

With 80 years, we go through 4 different stages in our lives! Studying, Working, More Slogging, AHHH finally.. its time to rest and relax (Retirement). 🛳🗺

But, taking a step back, do you realise that, we will only be receiving active income during half of our lifetime?

Coincidentally, thats the period where we have the largest financial commitments, 🏡🚘👨‍👩‍👧‍👦📖 also, the period where we spend the most because of our purchasing power. 💰🛍🛒

With your financial goals & what you have been doing to manage your finances, how well do you think you will be able to retire by your desired age? 😄🛳🍹🕶✈️

Here’s a simple exercise:
1. Take your current salary/ expected graduate salary
2. Multiply that by 20 years/ 240 months
3. Multiply that again by 75%

^ That is the amount you will need to have saved up, if you decided to retire today, and maintain similar standard of living for the next 20 years!!! 🙂

03/08/2020

Changes to Critical Illnesses (CI) definitions!! 😱😱
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Do you know there will be changes to the definitions for some of the MOST common CI such as stroke, heart attack and major cancers? 😲
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With a hospital plan, do you still need a CI plan? 🤔
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Have questions and or keen to find out more? Leave a comment and I’ll get back to you! 🤗

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