Esther Perh Wealth Management

Esther Perh Wealth Management I am an authorised Financial Consultant representing finexis advisory Pte Ltd. https://www.finexis.com.sg/fc-disclaimer.html

Totally horrified when I realised I had forgotten to pay my Feb credit card bills. 6 days late, I had incurred $100 in l...
14/03/2022

Totally horrified when I realised I had forgotten to pay my Feb credit card bills. 6 days late, I had incurred $100 in late charges and $6.37 in "finance charges".

Lesson learnt:
1. It's possible to waive late charges! Apply via ibanking and get instant approval. I'm sure a good credit history is essential; I've always paid in full on time.

2. Setting a reminder in my calendar to remind myself to pay future bills. Giro is an option, but not one I wanna take now cos I use the opportunity to go through my expenses and check each item on my card. My way of managing my expenses.

Do you have good tips to share on how you keep healthy financial habits? Pls share!

- $965m lost in the last 5.5yr to scams. - Out of $201.7m lost in the first half of 2021, only $66m was recovered.I hope...
16/02/2022

- $965m lost in the last 5.5yr to scams.
- Out of $201.7m lost in the first half of 2021, only $66m was recovered.

I hope none of you were impacted by the most recent OCBC saga, and let's maintain our vigilance against scams.

Feel free to share this tip around, and protect the people around us from phishing.

Central banks around the world are raising interest rates or signaling their intentions to do so. Powell said that the F...
27/01/2022

Central banks around the world are raising interest rates or signaling their intentions to do so. Powell said that the FED is "of a mind to raise rates" in March, with experts predicting a 0.5% increase and/or 5 increases in this year alone. What do increasing interest rates mean for us here in Singapore?

1. Beware anything on a floating rate package
If you have mortgage loans, car loans, insurance premium financing loans etc. that are pegged to a floating rate like SIBOR, SORA or your banks' internal Cost of Funds ("COF"), expect to pay more in the months and years ahead. Remember how the government announced measures to cool the property market last month? They know very well that interest rates are rising and are concerned that people would over-borrow.

2. Impact on Bond prices
When interest rates increase, bond prices immediately decrease. Before you go "oh I didn't buy bonds so I'm safe", think again. If you had bought an insurance savings plan, your money is invested 50% or more into bonds. It may not impact you immediately, but insurers already know that it's getting harder for them to pay out the higher returns projected previously. If you have a bond fund or any sort of balanced fund or multi-asset fund, you're a bond holder. Of course not all bonds are equal and so they won't react to interest rates to the same degree, but generally you may not get as much as you'll like out of your savings or investment into products containing bonds.

3. Higher bank savings rates
Something to look forward to, though how much and how soon is anyone's guess.

Are you financially ready to handle rising interest rates? PM me for a non-obligatory discussion!



https://www.reuters.com/markets/europe/fed-signals-intent-join-great-central-bank-stimulus-exit-2022-01-27/

You must have a purpose, a big WHY that keeps you going. It is a question I've asked myself countless times ever since m...
06/01/2021

You must have a purpose, a big WHY that keeps you going. It is a question I've asked myself countless times ever since my hormonal teenage years, pondering existential questions of why I exist. Then, my answer was simply, "to help people". To have made others' lifes better because I was there.

This same "why" underpins my work as a financial consultant and kept me going all these years. It wasn't a role that came naturally to me. I fell into this line simply because I wanted a finance job (having spent 4 yrs getting a business degree), and no one else was hiring in the 2008 financial crisis. Being an introvert fresh grad, uncertain of myself, I struggled with low self-esteem. Fear of rejection led to reluctance to ask for appointments led to poor sales and an empty bank account. I held on, simply because I felt a strong sense of responsibility to those early clients who had trusted me when I was a green wet-ear. Thanks to those clients, slowly I found my WHY again. I realised that our schools didn't equip us with financial management skills, and we muddle through on our own, making costly financial mistakes (I've made my share!) that could have been averted had there been someone who taught us otherwise. I could be that someone, I realised.

I had the education, I am in this profession, I have found the right company and team. And now, 12+ years on, I've gained (some) experience. So here I am, still and always, to be useful, to be honorable, to be compassionate, to have it make some difference to my clients that I have served, and served well.

Thank you for following my page. This is my give back, to share tips and insights with regards to wealth management. Let's walk this journey of a life well-lived together. ❤

Address

Singapore

Alerts

Be the first to know and let us send you an email when Esther Perh Wealth Management posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Esther Perh Wealth Management:

Share

Category