Archive for January, 2010
Accident Prone People
Posted by Stephen Mok in Financial Planning on 28/01/2010
Recently I have been hearing people breaking their bones, sprained their knees and ankles etc.
I believe none of these people expected the accidents to happen. That’s why they are called accidents. Can we prevent accidents from happening? Can we minimise the chances of accidents happening to us?
Yes, we can! Sounds like President Obama!
I believe we will fall victim to accidents for some of the reasons below,
1) Not enough rest, we tend to over work or over play till we are exhausted.
2) Not paying attention to what is happening now. Our mind drifts away when we should be concentrating on the present task, like crossing the zebra crossing.
3) Too impatient, too impulsive or rash in our decision making. Jumping across a drain when we should have walked further and walk safely over a pavement.
4) Failing eye sight as we age and not getting a pair of glasses due to shyness or vainty reasons.
5) Still think we are young, energetic and flexible when we have not exercised for the past 10 years!
There are many more reasons but I rather cap it as it is getting rather late now…
My solution is to do the opposite of the above 5 points and you will be less prone to accidents.
Don’t agree with me, then you better buy an accident insurance policy from me, haha… 
Why You Need A Will.
Posted by Stephen Mok in Financial Planning on 25/01/2010
Most of us know that we should have a will done but do not see the urgency to write it down professionally. Procrastination is your greatest enemy.
Who needs a will? Only the rich and famous? NO!!!
1) People who are divorced or separated. Your will must be re-written otherwise your (ex) partner will benefit from your untimely demise.
2) Married couples without children. Especially if you hate your in-laws. They will receive 50% and your spouse will receive 50%.
3) You have a bankrupt family member. That person may inherit your assets which will be go to his creditors.
4) You intend to give unequal portion of your estate to your family members.
I have written my will, have you? If not, give me a call now.
I can direct you to the right person who is a professional will witer. Why not a lawyer? In my opinion, a lawyer is like your medical general practitioner while a professional will writer is like your heart specialist.
You have to get the right person to do the right job.
Get your financial advice from an independent financial adviser, like me.
Creating Your Child’s Tertiary Education Funds
Posted by Stephen Mok in Financial Planning on 20/01/2010
Yes, it will be great for our children to learn how to deliver a baby ( a robot baby?) But do you know the cost of sending your child to University to learn that? It is very important that you plan to have the funds ready when your child is ready to take the course.
There are many ways to save up for it.
1) Putting your savings in the bank.
2) Buying an Insurance Endowment Plan.
3) Investing in Stocks and Shares.
4) Investing into Unit Trust Funds.
5) Investing into Gold or Gold related funds.
Which way is the best way? You will have to decide depending on the time you have and your risk profile. I can help you decide when we meet up. Please contact me. Thank you and I look forward to meet up for a business meeting soon.
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