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Showing posts from October, 2022

Know the Financial Benefits of Living in Singapore as an Expat

The Singaporean economy is growing at a rapid rate, and this is attracting more and more expats to the country. Singapore is one of the most expensive cities in the world, but it is also one of the safest and cleanest cities. The cost of living in Singapore is much lower than other countries and there are many economic opportunities for expats. Singapore has a very high standard of living and it is rated as the best place to live in Asia by ECA International. The government offers attractive tax incentives for foreigners, including no tax on income earned outside Singapore, no capital gains tax on investments outside Singapore, and no estate duty or inheritance tax. Expats who are living in Singapore can gain access to a whole range of financial benefits that will help them live better lives here. Therefore, the best way for expats to save money is by comparing and shopping around for their insurance needs. This is especially true when it comes to  whole life insurance in Singapore...

Benefits of Hiring a Professional Financial Advisory

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A professional financial advisor can help you plan for your future, make suitable long-term investments, and protect your assets against risks. An investment advisor or 'risk manager' helps individuals and organizations identify their goals, set financial objectives, and develop a suitable investment strategy that meets those objectives. A good investment advisor will help you keep track of your investments and work with you over time to achieve your goals. A professional advisor can also help you with other important financial tasks like retirement planning; investing in company stocks and bonds, purchasing a home, side businesses; education costs, and much more. Are you ready to explore your options? Here are some benefits of hiring a professional investment advisor.     1) Professional guidance . Although you should ultimately take responsibility for your financial decisions, getting professional advice is not a bad idea. These experts are qualified and have finished ...

How to manage Regular Investment Saving Plan while living in Singapore?

Beginner investors have probably repeatedly heard the phrase "dollar-cost averaging" used. Dollar-cost averaging's fundamental tenet is that regardless of price changes, you set aside a specific sum of money each month for investing. By using this approach, market timing is not necessary. Over time, those that use DCA are typically able to average out the highs and lows of the market; you purchase more when prices are low and less when prices are high.   What is a Regular Savings Plan (RSP)? Getting on board with a monthly savings programme is a simple approach to starting dollar-cost averaging. RSPs enable investors to automatically make a set amount of money a regular contribution to a financial product (usually on a monthly basis). The minimum investment amount for this fixed sum is frequently low (about $100), which makes it more accessible for novice investors or those with limited resources. One precaution is that although RSPs are designed to be automated...