Friday, October 28, 2011
Tuesday, October 25, 2011
The No 1 Brand in The World
AXA Life Insurance - a member of AXA Global Financial Services is the TOP Leading Insurance Company in the world.
Striving to Serve the best to the Worldwide Community
Click the link below to view AXA Global
http://www.interbrand.com/fr/best-global-brands/best-global-brands-2008/best-global-brands-2011.aspx
Thursday, October 20, 2011
Will Writing & Trust
FREE WILL-WRITING SERVICES
Call in 016-4833 007 to find out how to get the services for FREE!!!!!!
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What is a Will?
A Will is simply a last letter written by a decease prior before his death, giving instruction on how his/her wealth should be distributed.
Without a proper will, there will be dispute and thus cause all the friction between the parties claiming to own the estate of the deceased.
What is an Estate?
Simply all the things own by the decease, such as money in banks, properties such as bungalows, houses, apartments, land, antiques, shares, bonds and etc.
How the estate is to be distributed will solely depend on what is written in the will.
Bear in mind, departing away to heaven would mean a hell for the survivors on earth . In fact it will incurred more cost and time than writing a will before death .
Why not call or e-mail for an appointment to write your will for free?
E-mail : lgseng2@yahoo.com
Call in 016-4833 007 to find out how to get the services for FREE!!!!!!
-<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---<>---
What is a Will?
A Will is simply a last letter written by a decease prior before his death, giving instruction on how his/her wealth should be distributed.
Without a proper will, there will be dispute and thus cause all the friction between the parties claiming to own the estate of the deceased.
What is an Estate?
Simply all the things own by the decease, such as money in banks, properties such as bungalows, houses, apartments, land, antiques, shares, bonds and etc.
How the estate is to be distributed will solely depend on what is written in the will.
Bear in mind, departing away to heaven would mean a hell for the survivors on earth . In fact it will incurred more cost and time than writing a will before death .
Why not call or e-mail for an appointment to write your will for free?
E-mail : lgseng2@yahoo.com
Banks Loans and Credit Facility
Today I received a call from a bank in Malaysia asking if I would like to take a loan from them. I had received numerous call such as this in the past but however , it never came across my mind what is the implication in our society today.
Banks today are very profit orientated in reaping interest from loans which is the revenue for banks . In the matter of fact they are actually destroying the retirement planning of Malaysian wheater we realize it or not. They are not encouraging force savings for rainy days but instead they are asking us ( the consumer) to apply for loans thus we will use our future income to buy unnecessary purchases.
Promotion such as Credit Cards & Personal Loans are very common and are well marketed.
We had been burden by the housing loan and car loan and on addition we incurred credit loans /unsecured loan such as credit cards which increses our household debt.
It diminish our plan for savings and at the end of the day we cannot retire and continue to work because we have no choice but have to work in order to do repayment.
Proof of Malaysian banks discouraging public savings;
1) Low interest rate
2) Increase the advertisment on consumer spending such as credit cards, personal loans & etc.
3) Promote more on investments financial programme* ( please see below)
For investment product, banks collect the monies , earns the commission but transfers the "RISK" to the consumer. The banks makes profit if the unitholder gains or even loss in the investment deal.
When we talk about investment, we are talking about capital market such as shares and stocks.
If anything to do about investment, we are talking about risk.
How many of Malaysians or shall I say the lay man are " financilly literate" in investment in capital market which involves loss in capital. No doubt there are a handful of the so called " investors" that make money but a majority of the public lost their money as well.
A good example I met with a guy staying in a remote village in Penang;-
He was approched to purchase a unit trust of 50,000 units which is priced at RM 1 /unit. The marketeer whom is also a banker promises of ROI ( Returns of Investment) of 26% as quoted in brochures but however that was not the case when the guy came to redeem. He kept the certificates for 2 to 3 years and when he came to redeem ,the amount of money that he got was approxiamately RM 38,000 which is far less than RM50,000 . - He incuured a loss of 24% instead of 26%.
On top that he had to bear the Fund Mangers fess and misc expenses.
Supposingly the so called " Fund Mangers" are suppose to ensure to maximize the returns but however it turn out to be at loss. So why the heck should we pay the Fund Managers for!
If this poor guy would had put his money in FD he would make RM 55,168.08 ( assuming the interest of FD remains 3.5% for 3 years compounded)
Banks today are very profit orientated in reaping interest from loans which is the revenue for banks . In the matter of fact they are actually destroying the retirement planning of Malaysian wheater we realize it or not. They are not encouraging force savings for rainy days but instead they are asking us ( the consumer) to apply for loans thus we will use our future income to buy unnecessary purchases.
Promotion such as Credit Cards & Personal Loans are very common and are well marketed.
We had been burden by the housing loan and car loan and on addition we incurred credit loans /unsecured loan such as credit cards which increses our household debt.
It diminish our plan for savings and at the end of the day we cannot retire and continue to work because we have no choice but have to work in order to do repayment.
Proof of Malaysian banks discouraging public savings;
1) Low interest rate
2) Increase the advertisment on consumer spending such as credit cards, personal loans & etc.
3) Promote more on investments financial programme* ( please see below)
For investment product, banks collect the monies , earns the commission but transfers the "RISK" to the consumer. The banks makes profit if the unitholder gains or even loss in the investment deal.
When we talk about investment, we are talking about capital market such as shares and stocks.
If anything to do about investment, we are talking about risk.
How many of Malaysians or shall I say the lay man are " financilly literate" in investment in capital market which involves loss in capital. No doubt there are a handful of the so called " investors" that make money but a majority of the public lost their money as well.
A good example I met with a guy staying in a remote village in Penang;-
He was approched to purchase a unit trust of 50,000 units which is priced at RM 1 /unit. The marketeer whom is also a banker promises of ROI ( Returns of Investment) of 26% as quoted in brochures but however that was not the case when the guy came to redeem. He kept the certificates for 2 to 3 years and when he came to redeem ,the amount of money that he got was approxiamately RM 38,000 which is far less than RM50,000 . - He incuured a loss of 24% instead of 26%.
On top that he had to bear the Fund Mangers fess and misc expenses.
Supposingly the so called " Fund Mangers" are suppose to ensure to maximize the returns but however it turn out to be at loss. So why the heck should we pay the Fund Managers for!
If this poor guy would had put his money in FD he would make RM 55,168.08 ( assuming the interest of FD remains 3.5% for 3 years compounded)
Tuesday, October 18, 2011
Financial Independence: GS Lim - AXA Redefining Standards
Financial Independence: GS Lim - AXA Redefining Standards
Financial Service Provider
1. Life Insurance
2. Investment-linked Insurance
3. General Insurance
4, Savings Programmes/Retirement Planning
5. Medical Insurance
6. Critical Ilnesses Insurance
7. Business Insurance for SME/SMI
8. Keyman Insurance
9. Key Employee/s Insurance
10.Education Planning Savings Plan
11. Fire Insurance
12.Marine Insurance
13. Motor Vehicle Insurance
14.Term Insurance
15.Will-writing services
16.Small Estates
Financial Service Provider
1. Life Insurance
2. Investment-linked Insurance
3. General Insurance
4, Savings Programmes/Retirement Planning
5. Medical Insurance
6. Critical Ilnesses Insurance
7. Business Insurance for SME/SMI
8. Keyman Insurance
9. Key Employee/s Insurance
10.Education Planning Savings Plan
11. Fire Insurance
12.Marine Insurance
13. Motor Vehicle Insurance
14.Term Insurance
15.Will-writing services
16.Small Estates
Wednesday, October 5, 2011
Education Cost
A child born to a couple is a blessing from God, but however the responsibility and effort and cost of children is enormous.
Such can be calculated from the day the child is born until the child grows up and finally graduated from University or higher learning institute.
The cost of education is not cheap nowadays as it could cost your lifetime savings.
Furthermore, the child chooses to study abroad and the cost of expenses abroad and tuition fees, and thing are made even more costly with the rising exchange rate.
Such can be calculated from the day the child is born until the child grows up and finally graduated from University or higher learning institute.
The cost of education is not cheap nowadays as it could cost your lifetime savings.
Furthermore, the child chooses to study abroad and the cost of expenses abroad and tuition fees, and thing are made even more costly with the rising exchange rate.
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