Who invented investing?

The following is my answer to a Quora question: “Who invented investing?” When the first hominid set aside some food for the next day instead of eating everything in that one meal, so that it could be traded for favours in scarcity, that was investing. Investing is putting aside assets for later use, or greaterContinue reading “Who invented investing?”

What arguments exist for whole life insurance over term life insurance?

The following is my answer to a Quora question: “What arguments exist for whole life insurance over term life insurance?” Both whole life and term have their uses. Generally, I recommend whole life when the client is younger. If they can afford it, I recommend a limited pay whole life, so they pay for theContinue reading “What arguments exist for whole life insurance over term life insurance?”

MediSave Maternity Package

[This post is extracted from CPF Board’s FB page.] Welcoming a new baby to the family is an exciting time for the family! While there are maternity costs to think about, check out how Chris and Pam can get additional support from the MediSave Maternity Package (MMP), to help reduce their out-of-pocket expenses. Find outContinue reading “MediSave Maternity Package”

Of Shariah-compliant investments

[This post was originally shared on my FB profile on 27 December 2019.] When asked about shariah-compliant investments, I personally would steer towards realm of permissibility as it would widen a client’s option. I personally do not view investments for Muslims to be too rigid as how some would portray it under the claim ofContinue reading “Of Shariah-compliant investments”

What are the best ways to give money to your heirs while you are alive?

The following is my answer to a Quora question: “What are the best ways to give money to your heirs while you are alive?” You have many options, and many forms of transferring wealth. One of the best ways is to set up a revocable or irrevocable trust, with yourself as settlor, and trustee. YouContinue reading “What are the best ways to give money to your heirs while you are alive?”

Dollar-cost Averaging or Periodic Investing?

So you probably read DCA is not what you think it is and wonder, was my agent/broker wrong? Did he confuse two different investing strategies? Wide variety of readings in this instance would help you better understand, and not rely on one source of reference. The author at The Simple Sum argues that people useContinue reading “Dollar-cost Averaging or Periodic Investing?”

“My mortgage is late. Should I call my bank and explain why?”

The following is my answer to a Quora question: “My mortgage is late. Should I call my bank and explain why?” Yes. When it comes to taking loans from any financial institution, it is always important to be in constant communication and update them. A bank can tolerate late payment if they understand the reasonContinue reading ““My mortgage is late. Should I call my bank and explain why?””

Why do I feel like I am gambling with my life when I buy insurance?

The following is my answer to a Quora question: “Why do I feel like I am gambling with my life when I buy insurance?” On the contrary, I contend that you are gambling if you do not buy life insurance. Without liability protection, do you have sufficient funds set aside in the event of disabilityContinue reading “Why do I feel like I am gambling with my life when I buy insurance?”

Is Whole life insurance or Term life insurance better, for a 25 year-old?

The following is my answer to a Quora question: “Which do you think is better, whole life insurance or term life insurance, for a person under 25-years-old?” If you are that young, it would be better for you to buy a whole life policy. The reason is because a whole life policy has level premium,Continue reading “Is Whole life insurance or Term life insurance better, for a 25 year-old?”

Do wealthy people buy life insurance?

The following is my answer to a Quora question: “Do wealthy people buy life insurance?” Wealthy people buy the most life insurance. It is an irony of sorts that the people who really need life insurance underinvest in it, whereas the people who might have a lesser need overinvest. People of a higher socioeconomic strataContinue reading “Do wealthy people buy life insurance?”

Create your website with WordPress.com
Get started