My friend invited me for a grand dinner at his home. I gave him a few sets of my books as gift for him to give to the children that visits him on Lunar New Year. His wife remarked that it is innovative and better than the traditional ang pows.
Try this new and innovative way here.
http://projects.easyapps.sg/iShop/public/common/File.aspx?file=57
Lunar New Year offer
Enjoy 50% discount on Tangram and Shape Quiz books when you buy 5 copies or more at my office ($3 each after discount, pay by cash)
www.tankinlian.com/contact.aspx
Monday, January 24, 2011
BEST - business simulation game
I wish to introduce you to the BEST business simulation game.
You can click here: http://easyapps.sg/besta/
Watch the video to learn how to play the game.
It develops your skill in running a business and is suitable for undergrads studying business and management.
It is free and fun. You can win a prize in the contests every night.
Tan Kin Lian
You can click here: http://easyapps.sg/besta/
Watch the video to learn how to play the game.
It develops your skill in running a business and is suitable for undergrads studying business and management.
It is free and fun. You can win a prize in the contests every night.
Tan Kin Lian
Excessive charges by SingTel
I am moving my office. Singtel wants to charge me $120 to move 2 telephone lines and 1 internet line. Actually, they are not moving any line. They are just changing their computer records. Why do they have to charge so much? I am writing to the manager of Singtel to get a written explanation.
They also want to charge me an additional $40 every quarter to retain my number. Why is this necessary? Are they incurring additional cost to retain the number? Are just finding an excuse to charge their customers to boost their profit? I am asking them for a written explanation.
I search their website for a statement on corporate social responsibility. I could not find any statement. The search button returned "no document found". At least Singtel is honest in declaring that they do not believe in corporate social responsibility - so they can charge their customer anyhow without feeling guilty about it.
Tan Kin Lian
They also want to charge me an additional $40 every quarter to retain my number. Why is this necessary? Are they incurring additional cost to retain the number? Are just finding an excuse to charge their customers to boost their profit? I am asking them for a written explanation.
I search their website for a statement on corporate social responsibility. I could not find any statement. The search button returned "no document found". At least Singtel is honest in declaring that they do not believe in corporate social responsibility - so they can charge their customer anyhow without feeling guilty about it.
Tan Kin Lian
Bad experience with M V Land
I continue to have bad experience with M V Land. They want me to pay them a deposit of $2,000 to allow me to move my furniture into the building. If I refuse to pay, they will stop my people to move in the furniture. This is highway robbery and holding people to ransom.
They probably feel that they need the deposit in case I cause damage to the building by moving their furniture. But they owe me $60,000 in renovation subsidy which they have paid to me. So, why do they need me to pay this $2,000 deposit? They are causing a lot of unnecessary work for themselves and for their customers. The arrogance of this developer is beyond belief. They act like the government.
Tan Kin Lian
They probably feel that they need the deposit in case I cause damage to the building by moving their furniture. But they owe me $60,000 in renovation subsidy which they have paid to me. So, why do they need me to pay this $2,000 deposit? They are causing a lot of unnecessary work for themselves and for their customers. The arrogance of this developer is beyond belief. They act like the government.
Tan Kin Lian
Sunday, January 23, 2011
Poor yield from Vivo-life policy
Dear Mr. Tan
I got a quote for a Vivolife policy from an agent. I did my calculation. Apparently, the effect of deduction on the 25th yr is far from your benchmark. I also calculated the actual yield of return which is roughly 2%.
I wondered whether is the current market now offers this kind of policy to me? As in most of the company offering roughly the same amount of deductions as well, hence offering even lower yield of return?
REPLY
I have looked at the benefit illustraiton. As this policy requires the premium to be paid for 15 years, it is better to calculate the yield at the end of 15 years. The situation is worse than what you have calculated.
Taking the cash value at the end of 15 years, I found the yield to be between 0.2% to 1.1% The reduction in yield is 3.6% to 4.1% from the gross yield. My benchmark for the reduction in yield, to cover the cost of insurance and the investment service, is 1.5% for all durations. The deduction from the Vivo-life policy is far too high.
Is is better for you to invest in a low cost investment fund, such as an indexed fund or exchange traded fund, as explained in my book on financial planning. If you need insurance, you can buy insurance under the SAF group insurance scheme. Do not invest into any life insurance policy that provides a poor return.
I got a quote for a Vivolife policy from an agent. I did my calculation. Apparently, the effect of deduction on the 25th yr is far from your benchmark. I also calculated the actual yield of return which is roughly 2%.
I wondered whether is the current market now offers this kind of policy to me? As in most of the company offering roughly the same amount of deductions as well, hence offering even lower yield of return?
REPLY
I have looked at the benefit illustraiton. As this policy requires the premium to be paid for 15 years, it is better to calculate the yield at the end of 15 years. The situation is worse than what you have calculated.
Taking the cash value at the end of 15 years, I found the yield to be between 0.2% to 1.1% The reduction in yield is 3.6% to 4.1% from the gross yield. My benchmark for the reduction in yield, to cover the cost of insurance and the investment service, is 1.5% for all durations. The deduction from the Vivo-life policy is far too high.
Is is better for you to invest in a low cost investment fund, such as an indexed fund or exchange traded fund, as explained in my book on financial planning. If you need insurance, you can buy insurance under the SAF group insurance scheme. Do not invest into any life insurance policy that provides a poor return.
Guaranteed Life Annuity
Dear Mr. Tan
I am 50 years old. I do not invest in shares and keep my money in the bank to earn a low rate of interest. An agent has told me about the guaranteed life annuity from NTUC. The agent said that it gives a return of 3 – 5% per annum and I can terminate the annuity anytime and get the principal back plus interest. If you retire early U can also start the annuity payment early. Appreciate your advice.
REPLY
Please ask them to give you the benefit illustration. You can send it to me.
You should also buy my book on financial planning, to learn about better choices. See this brochure. http://projects.easyapps.sg/iShop/public/common/File.aspx?file=43
I am 50 years old. I do not invest in shares and keep my money in the bank to earn a low rate of interest. An agent has told me about the guaranteed life annuity from NTUC. The agent said that it gives a return of 3 – 5% per annum and I can terminate the annuity anytime and get the principal back plus interest. If you retire early U can also start the annuity payment early. Appreciate your advice.
REPLY
Please ask them to give you the benefit illustration. You can send it to me.
You should also buy my book on financial planning, to learn about better choices. See this brochure. http://projects.easyapps.sg/iShop/public/common/File.aspx?file=43
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