Risk Management Approach for Investing in 2020
This month, I wanted to give you a high level overview of what precautions to take based on what has transpires so far. Specifically, insights on equities and property market. First,
General
Endgame: ILP Sustainability in Jeopardy [Case Study]
This is a very good example on what happens to your investment-linked policy sustainability when you are over 70 years old. It's so important for you to plan and allocate funds
Hike in Insurance Charges – what’s that & how to handle?
If you've had an insurance for a couple of years, you are likely to encounter this - Hike In Insurance Charges (nope, it does not mean direct Hike in Premiums) This
How we get medical card application from Postponed to Approved
If you are in your 40's or above, chances are - it won't taking a stroll in the park when you apply for medical insurance (aka medical card). The worst outcome
Stupid & Smart Way to Buy Large Sum of Insurance
So here's the thing...like some things in life, you probably need to go to both ends of the spectrum to know the entire picture. How can you understand what's evil in
Timeless Strategy to Invest in 2019 & Beyond
You might have tried every investment vehicles out there - stocks, real estate property, unit trusts, and even bitcoin maybe. And you might have learnt every investing approach there are -
Why your Medical Card Reject your Claim (Why and what you can do)
Picture this. You pay for your medical card premium for n-th number of years. Then one day, you need to be admitted to the hospital. You expect hassle-free, cashless admission. But suddenly hospital informs
Kisah Benar on Cancer Treatments (the bill will shock you)
How High can Cancer Treatment Bills go? The subject line is self-explanatory and I hope this serves as a useful practical (not medical) perspective for your reading this. Withhold your judgement
Things that are inside the policy contract but isn’t in the quotation
If you've been admitted to a hospital before, have you wondered why the specialist come to see you twice a day, but not less and not more? That seems to be
How Banks Blindside you in Broad Daylight if you’re a Financial Idiot
If I were to offer you something that gives you 25% return in 15 years, would you take it? Most people first reaction would be - 'YES!' then they will be
KD+30M+IF = Insider Formula to Rapid (& Safe) Weight Loss
"But why I want to lose weight in the first place?" Because every few weeks, we got new AskCF members who asked in their very first question: 'I am in urgent need
How to Survive the Stock Market Post GE14
Impacts of Pakatan Harapan’s GE14 manifesto on sectors and stocks. Consumer goods sector to be resilient in 2018 and 2019 as the new PH government is expected to abolish the GST,
EPF-approved funds with foreign exposure: Complete performance comparison table
Updated 15/2/2018 This table is computing the total returns up to end 2017 if you were to invest RM 50k into the list of EPF-approved unit trust funds with foreign exposure,
Best cost efficient medical card for elderly parents
I always got an equal number of inquiries when it comes to buying a medical card for: Your children Your elderly parents In your opinion, which one should we prioritize over? Most
How we helped a client get his insurance approved without loading/exclusion
I am sure you are aware of the outcomes below when it comes to insurance application: Approved per standard case, as quoted (best case scenario, standard premium, full coverage) Approved
Get your credit application Approved like a Pro
Don't underestimate this knowledge on how to get your credit application approved (or never rejected in the first place). Let me put you in a situation. You discovered a dream home for
How to help your parents get 2x FD returns from their savings
Have you been in a scenario where a retired/non-working elderly parents/relatives always hunt for the best fixed deposit deals from banks to park their retirement money? They are usually very risk-averse
How to ‘use’ your parents to get more money back from the right tax relief
In this month's episode, I answered the questions: What is the evidence required to claim the 3,000 parental tax relief from 2016 to 2020...(remember, you don't want to mess with
A 92 y.o. was ‘slaughtered’ by an insurance agent 30 years ago; daughter helpless
Before all these money scams / pyramid schemes became popular, one of the common methods to save & invest for long term is via insurance savings plan (aka endowment plan) But
The lies you’ve been told about value investing practised by Warren Buffett
The "conventional wisdom" has always been that Warren Buffett's success can be explained by his stock-picking skills and his discipline. And that lead people to adopt his stock picking strategy aka
Copy & Paste this Framework to Construct your Financial Roadmap
People always asked "how do I know if I can sustain my lifestyle until my twillight years with what I already have?" In other words, they are looking to quit or slow
Webinar Recording: Shortcut to getting world class investment returns
Profitable + consistent annual returns in long term investing doesn't have to be a scary, frustrating experience. This is your ultimate shortcut to getting world class investment returns, matching even Warren
Private Equity Investment Update – case studies
Back in Oct 2015, I did a webinar with KCLau (recording way below this page), educating the public about the legitimate form of private equity investment in Malaysia. These are
[Case study] Is it still worthwhile to buy medical card when you are older?
Considering the cost of current medical procedures now and future medical inflation, is it more worthwhile to either self-insure myself or buy a medical card? I got asked the questions above
Medical cost & claim amount in Malaysia (2014-2015)
When we buy and maintain a medical card, we must know the estimated costs of common medical procedures in private hospitals. It could vary from one hospital to another. The
Insider information – Mortgage loan process and approval criterion
The below is a detailed scanned presentation slides outlines the following aspects in mortgage loan application & approval: Classification of high risk occupations How Debt Service ratio (DSR) is computed,especially how financing
Mortgage Calculator w/ Principal Reduction Visualization
The loan calculators you obtained online (like iMoney or Loanstreet) will tell you the difference in total interest paid when you change the interest rate variable, say, from 4.40% to
Savings Plan versus FD 2016
A member, Darren Chow, asked if an endowment plan from GE, Great Premier Wealth (GPW) is better than FD 3% in 2016. The GPW Plan needs you to pay 6k
Inpatient Hospitalization – how itemized medical bill looks like
This is a medical case which I could share with you - a 3 y old child who had emergency admission into private hospital on a weekend. Reason was -
The pitfalls of insurance due to customer negligence #2
The story below comes from my FB timeline - a case relating to AIA Singapore. Click to enlarge.
The pitfalls of insurance due to customer negligence #1
The link below contains true story of a lady in her 20's having colon cancer, which is pretty uncommon as this condition normally affect males and normally not as young. Battle
Do you need a 1 million ringgit life insurance?
While a million ringgit lifetime limit for a medical is logical for now and future, the same cannot be said for life insurance. You might or might not need it. Some
Do you need a million ringgit medical plan?
I always advocate an annual limit of RM 100k minimumly and a lifetime limit of RM 1 mil. Although very few customers questioned me on it, I can tell you
Why some Private Hospitals were removed from insurer’s panel list
Summary of this video Note: this could happen to any insurance company, anytime! (below using Prudential memo as case study) What it means when a private hospital is under an insurer's
Insurance Claims Part 2 – Medic Claim Process you should know
Summary of this video What can you claim from a medical card aka H&S policy Conditions for the relevant documents to be eligible for claim The Hospital Admission process flow
Insurance Claims Part 1 – Process you should know
Summary of this video Insurance claim & payout from insurer's perspective Type of insurance claims Process flow for insurance claims Claims outcomes - not every claim is the same! Major
Can Insurance Savings Plan really beat putting money into Fixed Deposit?
Summary of this video The pros and cons of a savings plan (aka endowment policy) How Savings Plans are structured - The protection part, the guaranteed surrender value part and
Medical Insurance Claim, Tax Relief & Cash Value
Have you ever wondered why and how some people take advantage of their medical insurance to do full body health check at private hospitals? Aside from the ethics part, what
Medical Insurance Claim & Underwriting Secrets
Have you ever wondered why some medical cards are easier to admit into certain private hospitals or claim compared to others? And why sometimes private hospitals still need to charge
Medical Insurance Jargons and Workings Part 2
Summary of this Recorded Webinar with KCLau.com The Big Difference between Standalone Medical card and Medical card rider The Risks of a Standalone Medical Card (how Medical card rider mitigate
Comparing Different Loan Packages by Calculating Total Interest Paid
This is the exact loan packages offered by the asset management division of the insurance company as of Nov 2013 (click the image below for large view) How to properly use
Medical Insurance Jargons and Workings Part 1
Summary of this Recorded Webinar with KCLau.com A General Perspective on the Needs of Medical Insurance Making it Clear Cut the Purpose of Medical Insurance vs Critical Illness coverage What
Important Details You Should Know about Investment Linked Policy
Summary of this video What are the "hidden" things to look before signing an investment linked policy? What is top up premium and policy sustainability; how these 2 aspects are
Don’t get MRTA/MLTA – Get this instead
Summary of this video MRTA/MLTA Downfall - who's the beneficiary? How Banker can give you huge discount on MRTA premiums, at the expense of your family should you kick the
Quantify Basic Protection Needs #2
Summary of this video Quantify Critical Illness Coverage Understand the Hard Facts behind Medical Card Coverage Quantify Hospital & Surgical Policy Coverage
Quantify Basic Protection Needs #1
Summary of this video The 4 pillars of protection Why coverage is not equal to premiums paid Quantify death and TPD coverage