I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at ...
Three young people and two mid-career people have expressed interest and are quite excited about this way to become an entrepreneur. http://tankinlian.com/admin/file.aspx?id=616 I asked them to find a few friends to work with them. If they are not able to, I will get them to form 1 or...
For a long time, I disliked stock options for the harm that it can cause to the economy and the bad impact of greed. Now, here is an article that support this view. http://management.fortune.cnn.com/2012/01/30/ceo-pay-us-economy/?section=money_topstories&utm_source=feedburner&utm_medi...
For a long time, I disliked stock options for the harm that it can cause to the economy and the bad impact of greed. Now, here is an article that support my views. http://management.fortune.cnn.com/2012/01/30/ceo-pay-us-economy/?section=money_topstories&utm_source=feedburner&utm_mediu...
MR PAUL Chan said in his letter "Park funds in the right car park" (Jan 25) that "residents would prefer to use an open car park, where it is cheaper, more convenient and vehicles are easily accessible". The Housing and Development Board is able to charge S$65 a month for these lots p...
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at ...
The insurance agents frighten consumers about the high cost of health care, and offer insurance as a solution. They did not explain the high cost of insurance, as seen in this example about AIA Health Shield Gold Max. I have not calculated the cost of similar plans offered by other in...
Infidelity in modern society is a common everyday affair, just ensure you are able to handle it well, or able to wipe your mouth clean to keep it under wrap. If you can't and get caught with your pants down, then come out to admit it, apologise and do some form of self punishment. Rea...
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at ...
the proposal of tax hikes and gst abolishment are very practical. however without power you cannot implement anything. the incumbent government is extremely stubborn and arrogant and will never admit that they made a mistake in their policies of gst and taxations. Just like the minist...
We need tax hikes to solve the deficit problems in the advanced countries. The governments have to pay unemployment and other benefits, to avoid extreme hardship on those who lose their jobs due to factors beyond their control. These payments have to be funded by those who can afford,...
The story of Freddie Mac and Fannie Mae shows the failure of deregulation. Under a deregulated environment, the sub-prime mortgages were created recklessly, and this caused the sound institutions to be sucked into the mess. http://money.cnn.com/2012/01/24/news/economy/freddie_mac/inde...
In Singapore insurance companies are also misleading the public with their ads, especailly the returns.Also they are using scare tactics to scare the public , like ntuc's recent morbid pictures of cancers and diseases for their Vivoscare product. The regulator should fine them for usi...
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at ...
http://www.todayonline.com/Voices/EDC120125-0000034/Park-funds-in-the-right-car-park? Mr. Paul Chan argues that it is more convenient and cheaper to park in the open car park. However, he did not take into account the cost of the land that is used in this way. If the land is priced at...
Here is another bad example of the lifestyle in Singapore. http://www.todayonline.com/Voices/EDC120125-0000056/Parents-should-be-discouraged-from-driving-children-to-school Parents want to send their children to "good schools" and that require long travelling distances. The public tra...
http://www.todayonline.com/World/EDC120125-0000054/World-needs-600-million-new-jobs-in-next-decade The world needs 600 million new jobs over the next decade. How can these jobs be created? Here are my views on this global challenge: Global competition results in income disparity Stagn...
I have written a letter to the Straits Times in my capacity as President of the FISCA (Financial Services Consumer Association, www.fisca,sg ) to ask MAS to treat the indexed ETF differently (from other ETFs based on derivatives) and allow consumers to make online purchase without get...
Read this story about the burden that will be shouldered by the US tax payers over the losses that are suffered by Fannie Mae and Freddie Mac: http://www.cnbc.com//id/46106075 Here is the background to this state of affairs: The real estate market in the US was a bubble for one or two...
Here is a way for someone to start a new business as an entrepreneur and achieve a greater chance of success and without the need for a large capital. You only need to have an idea, the passion and the willingness to slog it out.
PM Lee encourages Singaporeans to have more babies. The comments from netizens are overwhelming negative. It is so sad that Singapore has now reached this negative state. PM Lee has a difficult time to reverse the situation. It has gone too far down the road. http://sg.news.yahoo.com/...
This is an interesting example of a democratic political process that works. Mitt Romney, the leading Republican candidate for the US Presidential Election has a high income background, as the former head of a management consulting firm. He lost the South Carolina primary election to ...
I share my views about salaries for ministers. I find the basic salary to be acceptable, but the concept of a high rate of bonus based on performance is bad. Many Singaporeans are not aware that the concept of "pay for performance" has its negative impacts, especially in the public se...
I share this story of how a retired school teacher was almost cheated of a large sum of money by investing in gold bars at an inflated price. This type of scam is being applied to other products, such as industrial oil.
There are several articles reserved for FISCA members only. Some articles can be read by the public. These articles are shown here: http://easyapps.sg/assn/Org/Information.aspx?id=5 Members can click on the "Login" tab and enter the email address and password to read the articles that...
What are the pitfalls to avoid? Is there a safe way to invest in overseas properties to enjoy the capital appreciation when the economy develops? Read this article (for FISCA members only): http://easyapps.sg/assn/Org/Information.aspx?id=5 Non-members of FISCA can read the article her...
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at ...
There are two proposals to pass a law against online piracy in the USA. They are known by the acronym SOPA and PIPA. Someone asked me for my views on these proposed legislation - especially if a similar legislation is being considered in Singapore. I prefer to let this matter be handl...
To tackle the congestion on our roads, the Ministry of Transport is developing a new expressway and adding more lanes, flyovers and underpasses to existing roads. Infrastructure development takes years to be completed and, in the meantime, the construction work aggravates the current ...
An edited version of this letter was published in Straits Times on 19 January 2012 The two train breakdowns in December was a surprise to Singaporeans, because they were totally unexpected, not only to commuters but to the train operator. My friend had just experienced a train delay o...
