A huge proportion of my clients are the young.
Yup, they read emails.
They chat in msn.
They have profiles in friendster or facebook.
…and least, they visit HelmiHakim.com for financial updates….hahahhhh eksyen only
I feel blessed to be in this industry,helping others to manage their finance.
I have been advising others, and many may be intrigued to my own, personal financial goals.
Let me tell you, what plans, what basic financial goals I have for myself…
Well…First thing first, that I have is a SHIELD PLAN, that covers me, in the event of hospitalization.
A simple heart bypass surgery can cost over $50k. A private shield plan helps to subsidise the amount for me and I am also entitled to hospital cash benefit.
When I go hospital,I am bedridden, I will have no money coming in. With the shield plan that I have, I am entitled to some money, that I can use to pay for my expenses.
Okay…So private shield plan is a MUST MUST…..
Next, I have a limited payment, whole life insurance plan.
This plan is for income replacement purpose.
Now, I am healthy. I can work and use that money to pay for all my expenses.
What if, critical illness like heart attack, cancer, etc2 were to strike?
Heck… I dont want to burden my parents. I love them, because they have been supporting me over 23 years.
Being a responsible child, I get NTUC Income Vivolife. Should death, permanent disability or critical illness were to happen to me, $150,000 will be given to my family.
I also have another critical illness plan with $50,000 coverage.
I get this plan not for myself. I get it because I love my family.
Next, I have 2 investment linked policies.
FIrst one, I am saving $300/mth. This is for marriage purpose. even though I have yet to have a girlfriend
2nd one, I am saving $600/mth. This is for retirement. to me achieve early financial freedom
Malay wedding needs about $25,000.
$300 X 12 months X 6 years = $21,600
When I save with investment linked policies, my money goes to funds. With the fund’s offer (buy) price so low today, I am confident of exceeding that amount.
I also invested in stocks.
Now is a good time to buy em.
I split my money into 2 portions.
1) For dividends yield
Some companies like SIA, SATS love to issue dividends. I invest in them, so that I can get passive income every year.
2) For capital appreciation
I interpret their company’s cashflow statement, looking at cashflow from investing activities.
If the companies invests a lot, I can be assured of more cashflow will come in the future.
Of course, simple nitty gritty things like seeing the profit and loss statement is important.
Especially, the expenses section.
Some companies like to play around with the expenses section, to inflate profit for the year.
Things like R & D expenses…If the company, never invest much or reduce its research and development projects, how can you expect the company to grow?
Read the notes to financial statements carefully.
……… and the best secret, the investment which gives the highest Return On Investment…
Invest in YOURSELF!!!
I went for a lot of seminars and bought lots of books on financial planning, motivation, etc2…
When I have the time, I will do candid reviews for you, in this blog.
I believe, adopting the “kaizen” approach in learning in extremely important.
There is really, A LOT to be learnt and explored…
Live life to the fullest! 
Wed, Dec 3, 2008
Insurance, Investment, Miscellaneous, Motivation