CJH Financial Planning

Channel NewsAsia - Govt introduces new measures to cool S'pore property market - channelnewsasia.com SINGAPORE: The government on Monday introduced more measures to cool the buoyant property market. These include raising the holding period for which a home seller must pay a stamp duty and reducing the maximum bank loan amount for existing home owners who want to buy another property.

Here are some of the common myths about insurance that I have heard over my years of consultation work with clients. Some are quite absurd. Some make you think twice. Below are 5 of them and this should help you understand life insurance better. 1. You only get the money when you die. Some folks think that there is little purpose in buying insurance, as the proceeds will only be paid out upon one's death. This is one huge myth, often said by the ignorant. There are various forms of insurance other than death insurance. For example, disability insurance pays out when the insured suffers from a total and permanent disability, impeding his or her ability to earn a living. Critical illness insurance pays out upon the insured being diagnosed with a life threatening disease. Hospitalization insurance pays out when the insured is hospitalized, or needs to undergo surgery. As you can see, there are many forms of 'living benefits' that are paid to the insured during his or

(News article extracted from MyPaper, 23 Aug 2010) SINGAPOREANS are not savvy enough when it comes to planning their long-term finances and are, thus, generally unprepared for retirement, a study by HSBC has revealed. The HSBC Future of Retirement (FoR) survey, which polled 15,000 respondents across 15 markets and about 1,000 Singaporeans aged 30-70, found that a staggering 91 per cent of locals do not have any idea what their retirement income will look like.

Once a CPF member has turned 55 and fulfilled the Minimum Sum requirement (currently at $123,000), any excess can be withdrawn in cash. What happens to the excess amount if he/she do not intend to withdraw this money? Let's take a look. If the CPF member decides not to withdraw at that point of time, the money left there will earn interest same as the account that is is from (i.e. if it is from the Ordinary Account, it will earn 2.5% interest). Therefore this is a better option than withdrawing all the money and leaving it in a bank account, which is paying interest of a fraction of a percent.

Hi all! I've finally taken time to compile some of the best resources that can help you achieve success, be it in your career, in your wealth, or in life. The link can be found in the bar near the top of my homepage. (or you can click here ) The e-store is hosted by Amazon.com so you can be assured of its reliability and security. I will continue adding more fantastic books and learning materials so that we can all grow. Feel free to give me any feedback at cjhfinance@gmail.com . Thank you and all the best to you, in everything that you do! CJH

Currency is designed to move away from us. Its convenience and its portability means it can be spent or wasted easily. The entire economy is after our bucks and needs our bucks to survive. To be wealthy, we have to start converting our currency into true wealth. Investments, commodities, real estate, precious metals, just to name a few. If we make it a hobby to collect as much of these as possible, our net worth will definitely increase. :)

From iTODAY:S'pore economy grew 18.8% in Q2 Ryan Huang | Aug 11, 2010 12:00 AM SINGAPORE - The economy expanded 18.8 per cent in the second quarter from the corresponding period a year ago, slower than the initial estimate of 19.3 per cent, according to final data released yesterday by the Ministry of Trade and Industry (MTI). Despite the economy growing slower than initially forecast, MTI said the headline number was still a record for quarterly growth - boosted by a broad-based recovery, especially in biomedical manufacturing, electronics and tourism. "We have had an exceptional first half. Some of these factors are structural, and will continue to lend support in the second half," said Mr Ravi Menon, MTI's Permanent Secretary. Overall, the first half growth was at 17.9 per cent on-year - a record since 1975.