Deathsythe Neutral Newbie September 12, 2011 Share September 12, 2011 I believe Financial Planning is not uncommon. I believe it's better to get a 2nd opinion on my insurance coverage. But how often is it recommended to do Financial Planning? Anyone facing the same dilemma as me? ↡ Advertisement Link to post Share on other sites More sharing options...
Acemundo Supercharged September 12, 2011 Share September 12, 2011 I believe Financial Planning is not uncommon. I believe it's better to get a 2nd opinion on my insurance coverage. But how often is it recommended to do Financial Planning? Anyone facing the same dilemma as me? the unfortunate outcome to this highly desired activity is that you are often hounded by planners to buy insurance Link to post Share on other sites More sharing options...
Deathsythe Neutral Newbie September 12, 2011 Author Share September 12, 2011 the unfortunate outcome to this highly desired activity is that you are often hounded by planners to buy insurance I believe that there will always bound to have black sheeps in any industry. That's why I believe in getting a 2nd opinion to be sure that I'm not over or under insured myself. If suay kana both juz want to sell then I'm in deep s--t. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear September 12, 2011 Share September 12, 2011 Some say only the rich will need to review their insurance plan periodically. What can the average person do? But to buy a basic term and a critical illness plan. Not like the average guy got so much money to worry about his own life and family welfare. Link to post Share on other sites More sharing options...
Zanter 3rd Gear September 12, 2011 Share September 12, 2011 Some say only the rich will need to review their insurance plan periodically. What can the average person do? But to buy a basic term and a critical illness plan. Not like the average guy got so much money to worry about his own life and family welfare. Why would the rich need insurance? They self-insure. Insurance is for the people who cannot afford for things to happen to them, so they buy a bet against the undesired outcome. The rich is not worried about the money at all, just the outcome. Link to post Share on other sites More sharing options...
Sabbie Clutched September 12, 2011 Share September 12, 2011 I believe Financial Planning is not uncommon. I believe it's better to get a 2nd opinion on my insurance coverage. But how often is it recommended to do Financial Planning? Anyone facing the same dilemma as me? You should ask Sabbie for advice, he is the resident financial planner here.... Link to post Share on other sites More sharing options...
Deathsythe Neutral Newbie September 12, 2011 Author Share September 12, 2011 You should ask Sabbie for advice, he is the resident financial planner here.... You promoting yourself? How often would you recommend? Post here so that the rest of clueless guys like me will know. Thanks. Link to post Share on other sites More sharing options...
Sabbie Clutched September 12, 2011 Share September 12, 2011 You promoting yourself? How often would you recommend? Post here so that the rest of clueless guys like me will know. Thanks. Review it half yearly or when your circumstances change, for example the birth of a child Link to post Share on other sites More sharing options...
Deathsythe Neutral Newbie September 12, 2011 Author Share September 12, 2011 Review it half yearly or when your circumstances change, for example the birth of a child Bro, please enlighten me why half yearly? I understand the part on circumstances change. Thanks. Link to post Share on other sites More sharing options...
Sabbie Clutched September 12, 2011 Share September 12, 2011 Bro, please enlighten me why half yearly? I understand the part on circumstances change. Thanks. If your investments and policies are for long term, just review it quarterly or half year to balance your portfolio lor....switching in and out also incurr transaction costs what... Link to post Share on other sites More sharing options...
Piyopico Supercharged September 12, 2011 Share September 12, 2011 I believe Financial Planning is not uncommon. I believe it's better to get a 2nd opinion on my insurance coverage. But how often is it recommended to do Financial Planning? Anyone facing the same dilemma as me? The important thing is not second or third opinion but whether you asked the correct planner to begin with. A decent one will meet you twice a year and should be largely independent. Link to post Share on other sites More sharing options...
Freestylers09 5th Gear September 12, 2011 Share September 12, 2011 rich not buy trust? buy insurance one meh? Link to post Share on other sites More sharing options...
Pentium 1st Gear September 12, 2011 Share September 12, 2011 Why would the rich need insurance? They self-insure. Insurance is for the people who cannot afford for things to happen to them, so they buy a bet against the undesired outcome. The rich is not worried about the money at all, just the outcome. Poor man and stingy man buy term insurance. Rich man buy universal life insurance. Link to post Share on other sites More sharing options...
Jamesc Hypersonic September 12, 2011 Share September 12, 2011 If you go with Sabbie to do your financial planning he can help you turn $400,000 into $400 within a few months. Not an easy thing to do. It takes someone special to be able to do this. Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear September 12, 2011 Share September 12, 2011 I believe Financial Planning is not uncommon. I believe it's better to get a 2nd opinion on my insurance coverage. But how often is it recommended to do Financial Planning? Anyone facing the same dilemma as me? I believe financing the planning to be of more concern instead (can not just read literature). Link to post Share on other sites More sharing options...
Ben5266 Supercharged September 12, 2011 Share September 12, 2011 I believe that there will always bound to have black sheeps in any industry. That's why I believe in getting a 2nd opinion to be sure that I'm not over or under insured myself. If suay kana both juz want to sell then I'm in deep s--t. From your statement, you seems to think Financial Planning == Insurance. No... Insurance is only a subset of of Financial Planning. Don't get fool by the Insurance agent who now called themselves Financial planner. Link to post Share on other sites More sharing options...
Deathsythe Neutral Newbie September 12, 2011 Author Share September 12, 2011 If you go with Sabbie to do your financial planning he can help you turn $400,000 into $400 within a few months. Not an easy thing to do. It takes someone special to be able to do this. Wah I can do that myself too provided I got $400,000. Link to post Share on other sites More sharing options...
Deathsythe Neutral Newbie September 12, 2011 Author Share September 12, 2011 If your investments and policies are for long term, just review it quarterly or half year to balance your portfolio lor....switching in and out also incurr transaction costs what... I see it's more of a review of the investments. Yup switching in and out of the funds will incurr costs. Thanks for sharing. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Income Tax Planning: SRS vs CPF Cash Top-ups
Income Tax Planning: SRS vs CPF Cash Top-ups
Share your painful experience with your financial investment
Share your painful experience with your financial investment
Extend retirement age? Maybe it's time to think about that from another perspective
Extend retirement age? Maybe it's time to think about that from another perspective
Global Financial Crisis 2.0 - 2023 Edition
Global Financial Crisis 2.0 - 2023 Edition
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful
My boyfriend wants my rental money if I move in with him
My boyfriend wants my rental money if I move in with him
Sgcarmart moves into financial services
Sgcarmart moves into financial services
Planning to import rim myself.. but still buying tyres
Planning to import rim myself.. but still buying tyres