when I hear those music it's like nostalgia for me so uh I actually wanted to attend the concert but I was serving my NS and, getting a leave, for N from my national service during back, that time was almost impossible


ya it's very very difficult so I missed out that like experience but I, I think maybe perhaps next time in future, in the future where there's a particular band that I've I, I I like or would like to go then I will


I no I I prefer english I listen to more english songs than chinese ya actually one particular band that I'm, always looking forward for them to come to singapore is the the script cause, ya the script cause I think


I I just love it and they are like, their voices are like really awesome and then I, no no the script as in the band script, ya their song have


uh some of the songs I can't name any particular one right now, but ya their songs are, uh their songs are really meaningful and I think the way they they they sing their, uh their songs because I have a friend that actually attend the script concert few years back and he said that !wow! even on like microphone even on stage concert right their voice is almost the same as what you hear on your on your headphones or from your phone that is how like


how good they are so that actually like !wow!, okay maybe I will attend their concert next time they come ever come to singapore or maybe in, if I'm at overseas and I will attend the concert ya but, if I can buy a concert if I can buy a ticket to watch their concert I think that's the concert I will really look forward to <B>


I think I'll move to what makes what makes you persevere, I think uh for me uh


I always believe like , hard work pays off and like no matter how tiring or how challenging it is, so long we so long I put my heart into it and I persevere through this difficult time or any difficult time my life I will actually get it through so uh one


instance is during my army I think this persevere thing is very relatable to my army experience I think mainly for most guys also so I was in brunei I attended this course called jungle confidence, course so , ya JCC so it's a three weeks uh three weeks' course


in as sorry three weeks' stay in brunei uh and brunei's environment is very dense uh it's not almost not the same as singapore while brunei have like mountains you see we don't even have mountains in singapore, so it's very dense so the the insects you see are like two times three times bigger than what is seen in singapore even like mosquitoes and like it's really very huge


ya so the terrain there is very, different so when I was in army I actually , what, my phones got our phones got confiscated because of some, someone who did like uh illegal in camp video and then was spotted by one of our commanders and we got our phones <B>


I haven't contact my family and I'm not sure if my family know that I'm alive ya so so we and we still have like another week to go uh in the brunei and then like we didn't have like proper


hard ground to sleep I slept on like literally mud so uh ya it was it was it was very uncomfortable for me but I remind myself like !hey! at least once I go through this course I would get a badge that you know not many, people will have uh you know not many boys or men who go through NS will have so


I actually persevered and eventually nine days in a jungle with only given like three days' worth of food, ya I actually lost like six KG I lost that's like the best the best slimming programme you can ever find ya so I actually, persevered through


I think my friends actually together we help one another we talk through so we persevered and we managed to, uh pass the course and we were very proud to to actually wear that badge on our uniform so that actually taught me something that you know no matter how difficult or challenging uh our life can be so long you know


if we have friends we can stay together if we have family we stay together and we can always persevere through together to overcome the difficult times that we are in, ya do you


do you want to talk about, persevere or you want to move on to the next question


(mmhmm) (mmhmm) (mmhmm)


(mmhmm) (mmhmm)


so so what would you tell your, if you can rewind time what would you tell your old self a year back ago, what what advice would you give


ya I can't see you ya okay I can see you now, okay you're saying, uh (mmhmm), uh some you have you you you you cannot you have to like plan you can't uh you don't expect things to go


ya very worried person ya that was the last thing I I, ya you can continue now


ya okay, uh worried person you are a very worried person yes


ya now now I can hear you again uh sorry the connection is bad, okay move on to the next question, so, oh in the post-COVID world who or what are you newly thankful of and uh appreciative towards


, so for me the post-COVID world I think the, I think the people that I have to be thankful for are my friends and most importantly uh my family because, ya


so I was saying very thankful for my friends and family because, when we are and uh at home uh we spend we don't get to spend time with the, I mean during normal circumstances before COVID we don't get to spend time with our family as much as right now actually if you think about it COVID may be a good thing also apart from the illness part uh for social wise I think we have spent more time we get to spend more time with our families than


we used to so, uh I get, I don't really have a very good relationship with my brother uh not in a sense that we always quarrel uh and we always pick a fight on like small little things that's actually not very important I think it's just like siblings all siblings problem ya but


I learned to like or rather we learned to like tolerate one and one another lot more because now that we see each other more of of course that will also mean that we have more quarrels and conflicts but, uh it kind of like strengthen our bond and like our relationship with one another and I would say that actually my relationship with my brother actually did improve after COVID like he's more comfortable sharing things with me because


you know I always see him every day and I don't get to see my friend so instead of sharing things with my friend I will ask my brother how's how how's everything are you okay and then I think that are like kind of like open up, we are more open to each other and he's more willing to share his problems and what he encounter in his life with me so I think it's a very good bond for me and because I'm the elder brother so I can give like good advice and that I have never been able to give before


so then it's as a good thing uh for the post-COVID world ya


sorry I I can't hear you so we stop okay


alright, need to clap ha, part one financial related topic


okay uh do you have any personal insurance basically yes, I, have insurance including medical, uh life


endowment investment linked mortgage et cetera, , basically I have I'm insured in various by various uh providers lah like NTUC


AIA tokio marine, uh prudential and great eastern, so my experience with the policy ah basically I think uh


I have more experiences with medical but it's not really my my own personal uh medical insurance it's more for my father, we cover him for uh NTUC uh medical insurance with rider so he actually


used it, uh my dad has already passed away he used it because he had cancer so we have more interaction with the uh the provider, and I would say that uh it was a very good experience uh because they they


actually called called us up and asked if we needed help uh in submitting claims and uh although the claims took about every time about uh, two to three months but uh it was still a very good


experience of pleasant experience, because they didn't like , ask a lot of uh questions about oh uh why is this medical bill or et cetera so everything was very smooth in claiming , and uh it was quite a substantial amount lah and there wasn't any question asked lah


how about carol


, ya so far I think the travel insurance are mostly are quite uh good because we do change we usually buy travel insurance as a family lah for us, so uh we have a a


quite a couple of experiences like we have a damage to the rental vehicle and loss of items and most of them are quite uh the claiming process is quite pleasant ah meaning that we do not need to uh


to actually provide excessive document sometimes they will ask you you must go and get a police report done and et cetera but most of them are quite okay uh I think it's just the it's just that recently


I I've I found out that some of the travel insurance they are they have , a lower uh, cash limit in the sense like uh every claim is only how much I think the recent one that uh we wanted to uh


uh changed was #hong leong# if I'm not wrong ah, right because uh I think there was a limit or as shorter number of days if you need to go and see a doctor instead of the normal two weeks I think they give you like seven days or something so uh it's not as comprehensive as the ones that we had last time so


because travel insurance I feel that it's important so it's important to look into the fine prints ah ya especially the limits of claim


, oh


(mmhmm) , , ya so I think uh I think particularly it's important to


get medical with rider and also travel have to be more careful ah this type insurance also (hmm), uh basically I have endowment plan lah it was bought very long ago and if I not wrong it's


AIA ah, I it's it's basically well because I was younger like twenty so it's just like a a form of savings, but after when I grow older have more knowledge of course endowment plan is good because it's a form of savings but a lot of people say that uh you are not working your money hard enough


ya so instead of investing in and like uh insurance for savings, we also do other forms of investments ah, (hmm) what about you


okay well ,


(mmhmm)


uh I bought it when I was very young I think it's a eh if I'm not wrong is prudential one while it was very popular in the beginning a lot of people were buying uh investment linked because uh it would not only have the life, uh insurance component it also has the investment component but after looking into it in detail and some discussions with other friends we realised that uh there's lot of admin charges lah


admin charges so it becomes uh not a very effective uh investment uh policy in a sense so nowadays people were just uh if you want to invest you get a purely investment uh policy if you want a life


you get a purely life one because, the administration charges for this kind of policy is very high, so a lot of people actually advise that we should sort of uh either change it to a totally investment one or or or just uh stop the policy after a particular age because


the cost is just the I mean the cost is just too high and it becomes uh redundant or something uh the the brief discussions are that we have uh I have my friends ah (hmm), so ya we we will just waiting I think there is a a time whereby uh you should actually cash out the policy (hmm)


, ya


okay, so for, for me I don't really buy term lah term insurance , some people feel that buying term is because it's cheap so they are insured


uh but of course term insurance there is no returns ah, so but uh for for, for others it's because uh sometimes it's too costly because you have if you want to insure yourself


for a particular amount and if it's too costly uh then they will actually try to sort of uh integrate some of this term insurance, instead of fully just life insurance so it's the insurance costs will not be so high


so basically uh basically like uh the breadwinners uh will definitely uh integrate some term insurance ah if need to, you (hmm)


assured sum , oh so that one is the term lah, oh


, oh so basically the term will kick in if it's below seventy but there will be no more term after seventy sort of like that,


, , okay sounds good ya basically


I for for me personally I don't mix insurance with investment lah, ya how about you,


basically nowadays the life insurance there is a limited pay plan right, do you have any of those like meaning like uh you only pay for like ten years or five years ya


so, , it insured yes yes, ya I think those are quite good because


ya at least we can pay up first, and then after that we do not have to be bothered about it anymore (hmm) okay


CPF insurance ah oh ya ya CPF insurance do we think it's enough ah I think it's not enough right what do you think


I I think the DPS right is more for uh if you are the only like like if you are the breadwinner and then you have dependents like young children right so in case you're not around then I think you will pay off, the whole loan you know If I'm not wrong yes it's for the housing loan it's for the HDB housing loan


ya, ah some some mortgage loan also


full


yes yes I I think medical is important , and I think eldershield probably it will help, it will help in the extra is it like two hundred two hundred and fifty in case you're disabled it'll help your family members but of course is not more not a full comprehensive uh insurance ah


, four hundred ah , (mmhmm) (mmhmm) (mmhmm)


(mmhmm) [oh] ya I heard (mm) okay stop and


one two three part three negative experiences, okay uh ya future and helpless basically uh times where I think it's mainly


work like uh not being appreciated even though we put in a lot of effort , and and especially when your bosses don't give you directions they they just say that this is not good uh but they they don't really tell you how to improve that's why


uh I think that bosses have to have to give, certain directions and feedbacks to their subordinates or else sometimes ya that would be helpless lah, (m)


(mmhmm) okay , hurtful words that people say to me that I wish to forget , uh when


probably not very personal lah not personally to the person ya it's always usually to the work like oh uh this is not good enough I think it's uh hurting lah obviously if you put in effort


I have actually uh because I was teaching right I think one of, my uh bosses actually asked me or why did I send out this email


, then the the problem is, the main boss actually told me to send out which is the principal told me to send out lah but she she approached me in a very accusing you know like upset and accusing way so of course I was upset lah


you know then when I told her then she she was apologetic because I said that oh uh the principal told me to send out and she told me you do it quick very quick you know , so I didn't uh told my direct boss uh that's why she was also upset but of course after a while we talked it out and then it was fine


ya so basically so I learnt, to to be more calm and not be too confrontational because you might hurt others ya (mmhmm)


I think we we do experience this kind of thing when we are overseas ah because , because especially when we are in countries but the majority is not ya our race okay I


what do I worry about uh basically I'm a person who don't worry a lot , I believe that things will just turn out right okay there's no point worrying lah you know you try not to worry but of course uh as a mother I only


worry about my kids lah sometimes I feel like oh he put in so much effort and didn't get it you know I feel sad for him you know and then I will pray for him, so it's not so much myself but of course uh the main thing is uh I hope for is for a harmony in the family good health for everyone lah so that is mainly the thing which is health I worry for


because I think that's the most important thing in life right, if you have no health you have nothing right


uh okay saddest moment ah, well of course , uh I would say the saddest moment is the passing of my father lah


very sad moment so we should always treasure what we have in our family


(mmhmm) (mmhmm) ah


(mmm), okay just one thing you could change ah , , what would you change


, (mmhmm) (mmhmm) (mmhmm) okay


well yes I'm uh I'm I'm quite contacted contented with my life , so of course if there's one thing to change something that I want to change is I hope, that I could go back in time also


and change my parents' life more than my life , because of course I think their generations they're not as educated as us so there're mistakes that they make so


so I hope to you know go back and help help them sort of not uh, make so many mistakes no sometimes they they they do a lot of trial and error ah because of uh education ah you know and of course their character you know sometime stubbornness and et cetera


and (hmm), ya that's always something that I I I thought about, ya so, what makes eh have you gone through any loss in life okay what makes you stressed


ya I think in singapore especially we have to manage a lot of things you know expectations, from the bosses you know and then you have to have a balanced life you have to take care of your family


so uh sometimes for us mothers is quite challenging ah ya then especially when your kids are, uh naughty then you have to to do a lot of you know you have you have to uh sort of cope with all these at one time


especially then ya very stress lah , uh yup, what is the most dramatic what's the biggest thing holding you back from your goals basically for


me maybe I want to go and pursue my studies so I, of course holding me back will be my children lah at this moment they still need a lot of care so that will be something that I want to do when they grow up


when uh of course when, I help them achieve what they want to achieve first seems like their goals are first before mine lah,


, (uh huh) (mmhmm) okay,


okay a time whereby things didn't turn out meeting your expectations, (uh huh)


(mmhmm) , of course there are there are moments whereby I think for me I'm a person that I will if I want to accomplish something I would try my best


and when I can't achieve it of course I will be, uh upset lah (uh huh) so a time as a mother at time whereby uh things didn't turn up meeting my expectation would be


the results of my children because no doubt you know my kids do study and I do coach sometimes it it may not match, ya so we are upset but uh we have to console ourselves lah sometimes


you know and and nothing is perfect ah life is not perfect so no all the time you put in this effort and then you get what you you you think you should get , so ya there's ups and downs so try to take it easier you know with it's not important


it's all right lah ya how about you


(mmhmm),


(mmhmm), (mmhmm)


(mmhmm), yup


(mmhmm), do one slide


hello hello hula hula


part two positive experiences, okay , turn


a moment where things turned out better than expected, basically I think it's, uh maybe my A levels, uh, studying experiences more lah


A levels results uh master's results, and I think generally life turned out good, for me


how about you


, ya


ya I think A levels is a very tiring period, in a sense because I think it's really too short, and then and I was doing science subjects uh for me I think like physics oh my goodness man I don't really understand you know a certain point and there's a lot of things that because I have a few good friends that they


uh, physics also so they I have one that's particular very smart she gets as all the way so certain things she tried to she tried to explain to me ya, but I think is generally a lot of people it's too abstract


for for us and then she would just say never mind just memorise ten year series never mind just memorise the answers uh but ya we we were we were very glad because we fail all the way lah, , so ya A levels is quite interesting so by the end like we we did we we did pretty well lah of course my very smart friend oh she she got all As ah


uh for for two two of us me and another friend that we always study together ya our physics we had, we had B eh if I'm not wrong ya so so we did pretty well and so that was something that turned out much better


and after that uh for master's I think studying became quite easy ah because it's more like, just doing thesis just doing papers doing project work instead of uh examinations you know after examinations uh I also developed an interest


so in like like like doing uh papers research papers, so it it didn't it become much better the sense turned out much better than I expected to study this master's


ya and of course if can uh I will continue to to my doctorate lah when my kids are older ya, so uh what's the nicest thing someone has ever told you


, (mmhmm), , yes


so maybe you you feel that it's uh, people's recognition of your work, , yes I think it's nice when you put in effort and people recognise your effort so in all aspects of life lah


for example like in work as you mentioned, even like relationships like as a mother for me I think the nicest thing when uh people tell me would be uh, uh you are a good mother lah you you support your child you encourage your child uh sometimes because I I teach my child my children personally


so my friends will will always say that I have I'm a ridiculous mum lah you know uh, you're like crazy or superb you know you know you teach them all sorts of things you know lah I cannot be bothered to do it , they will always say like uh how I ridiculous lah play piano probably you can teach lah you know they themselves as mothers


it's like oh ha you can teach violin also ah you can teach whatever also ha you play with them also they were like okay don't tell me more so that is, more of the nicest things lah I mean doing things uh that that that I enjoy and people actually tell me that


it's worth it lah , happiest moment , probably uh when we have our children


I think of course it's it's very happy it's very happy thing you know you have your own child and you have a mini, you lah and I think the happiest moment uh would be for me as a mother is the accomplishment of my children lah


I think the accomplishment of my children is more important than my own accomplishment now it's like uh, when my kids accomplish something like a, when my eldest got into a national sport


for for sailing !wah! I think I'm the only person that cried eh, , my son was asking me are you okay , ya because I feel that uh he has put in effort ah we all have put in effort and


is very happy that you know our effort finally you know got him somewhere lah , ya how about you


oh graduation ah oh okay okay, ,


(mmhmm) (mmhmm), oh really , !huh! okay what


ya, uh uh ya quite chill you know when I was in uni I also felt a bit tired of studying and I didn't really for for me I didn't really put in a lot of effort, uh I did business ah so it was quite uh I will


say it's not so strenuous so we have actually a lot of free time and I was just busy ya doing other things ya (hmm), so okay , travel experiences


I think of course I I I I love finland ah I think finland is fantastic, uh the people are nice and they are, very helpful to stay they're very honest and they're very simple people in a sense that you can see that they are


easily contented, and, you know we we rent cars and then uh when we return the car we just told the man that oh uh please ensure that the car is locked and he said that he actually told us that


oh in finland nothing usually get stolen you know, uh even even my boy right he dropped a handphone !wah! the man there's this man he he saw it and then he actually ran after him you know, to give him back uh it's it's a very nice place


and then that time when we went it was uh it was christmas season, uh so it was so nice to play in the snow and, we we were in a airbnb in Rovaniemi and it was


it was so it's like a picture ah picture perfect and the kids enjoyed it so much , uh the huskies the husky rides and etcetera so it was, very very nice even going to stay in a ice igloo it's very interesting


how about you ,


look different ah , , oh that's it


okay lah hassle free hassle free , okay but I think travelling is it's very enjoyable lah especially you go with uh , uh your family or your good friends ah


what are you thankful for uh basically thankful, for for family for for, being in singapore actually ya because I think


uh to to me most important is my family my kid, my my parents okay uh, and I'm very very thankful for being in singapore because we are so privileged


and we there's a lot of things that others do not have like security certain countries that's why a lot of, like as a russian friend she told me that she loves singapore even like japanese friends they they all love singapore because they say that is so safe here which which is which is not what you can have in in their countries sometimes ya


ah


okay, so okay you as a kid , I what do I hate ah uh probably I hate, to eat vegetables


okay lah but when I'm a an an adult of course I I like, to eat vegetables ah things have changed , so especially when we are older and then we have to also change our, you know liking of the food we have


to be healthier et cetera and so, after eating for a while I think we will our taste bud, do change and like like to eat healthier fruits and vegetables lor, (mmhmm)


, (mmhmm)


ah I think it's puberty leh a puberty puberty cause a lot of oil excretion ,


but I think when we were young we always used to blotting paper for the face ah I don't know we'll always the whole day blotting and blotting ,


okay uh what do you love most, about yourself (hmm) what do you like most about yourself,


(mmhmm), uh (mmhmm)


, I think I love myself, for being, , no matter what I will ensure that I enjoy myself no matter what I'll ensure that I


try to make myself happy okay I would just enjoy the little things in life ah even like wearing a dress to go out uh will just be very happy oh this dress very nice oh this colour very nice oh this bag so pretty okay like that so the simple I think very it's very important to be contented


and that is what I try, to be uh contented everyday ya we do grumble but, I do know that , we are all very blessed already ya you know


perfect day, will you describe your perfect day ,


, ya, I'm I'm I'm actually quite uh, schedule freak ah at times so if your perfect day will be a day that I have done all the things that I scheduled, yes and I'm quite I like to be packed


super hyper lah my friends always say a very hyper person I'll, go here go there go here go there and then oh ya I'll be very satisfied uh once I've done everything that's in my schedule, so that's perfect day


okay so is


part one financial related topic


okay similarly I I do have personal insurance policies with AIA great eastern income tokio marine and , HL assurance for my travel insurance uh most of my policies are savings or rather not savings policies life policies uh great eastern is a H and S policy hospitalisation and surgery policy with income


that's the latest policy that I bought a few years ago that's more annuity for my retirement, , and actually I don't have any experience except for travel uh insurance because, fortunately I do not have to uh reach out to


the insurance companies uh on any of the claims except for my travel insurance so ya and so far uh with regards to the travel insurance when I have to reach out to them to submit claims for loss of items and


delayed flights I think they're pretty okay except that they they they do take a while to uh reimburse the claims ya


, ya I think the last year or the year before two one eight when I was insured under uh HL insurance I think that's the #hong leong# one I didn't really read the fine print and that was also the time when I I had a


a very bad cut or wound on my feet and I was in hong kong it was my last day I flew back to singapore and then I went to see doctor then I realised that there's a limit, to the claim that I can get from my travel insurance, up to a hundred dollars actually so I ask them for the logic and their logic was that actually there's no limit if you see a doctor when you're overseas


and when I explained to them that I was in hong kong and it was my last day that the wound was infected and I didn't have the time to go to the hospital or the clinic, they they just explain to me that's their policy so I felt , I felt a little upset lah so that's why last year I changed uh my travel insurance also to FWD I think ya and that's where I claim for my delayed flight uh when I flew into


london to change a flight to portugal and my flight was delayed and my claim was very uh it was very easy to to submit my claims for the additional air ticket that I had to buy


, I don't have any endowment policies though because I I think savings was not my priority when I was young I think it was more protection and that's why the first few policies that I


bought I first started working was more life policies and then after that when I had some uh, savings or money I actually dabble with a bit of investing on my own in shares and that's why I it never crossed my mind to buy an endowment plan


ya ya , actually I'm interested to know just now you mentioned you have investment linked policies what what are these investment linked policies because I do have, policies bought with HSBC insurance with investment component uh into funds like a unit trust but the insurance component is fixed meaning for example if you buy X dollar if you invest X dollar


uh in this policy the X dollar also form your insurance component where there's no increase in the amount, but your money will be used to uh put into various funds that the HSBC insurance company they dabble with


and every month they will give you a statement of how your funds are doing I don't know whether this is a investment linked I see this more as investment policy with insurance component and not so much as a investment linked policies


actually that's a feedback I've heard uh about investment linked policies as well that sometimes because you'd you depend on the, insurance company to deal with the funds and


well nine out of ten people or eight out of ten people that I speak to they're they're not their policies are not doing very well their investment are not doing very well and you're right, the admin cost is too high so I guess mine the one that I had with HSBC insurance it's not really a investment linked policies I guess it's more investment policy with a insurance component


and I bought it in two O O eight I think that was lehman brothers uh time I must say that it's doing fairly well over I think what twelve years, uh it has grown thirty percent uh in terms of the value so but I I use my CPF money to buy it because that time you know they the government allows CPF money to be used for some of this investment


with a bit of insurance component I think they still don't want people to uh abuse the money and then later on you spend all your CPF money right so there's some control by MAS and so I I took that money and uh bought some of these policies ya


, I think but sorry ya you continue


I I think my I have one policy with tokio marine that incorporate what you mentioned earlier about the term component, so this tokio marine uh policy that I bought is a whole life policy where the unique feature about this policy is there's a minimum benefit


a feature where you'll get a higher sum assured up to seventy meaning anything happened to you before seventy your minimum sum assured is, double the amount of what you are uh of your amount


so let's say for example I buy a policy of two hundred thousand but anything before seventy if anything happen to me the oh not don't say the return the the the, benefit is four hundred thousand but after seventy it will go back to the two hundred thousand so


it's a term and life there's also the ah ya so but they discontinue with this policy uh it's called the my legacy plus I think that time when my agent was telling me about this he was saying that this is quite good policy but they are discontinuing it ya


yes uh, ya so the value will be higher before the seventy so the the rationale when I bought it was that


because I'm single my dependents are only my parents so before seventy if anything happen to me if that value is higher they they have more protection, whereas after seventy I don't think my parents will be around when I'm after seventy right so there's there's no need for that value so I pay the the premium will not be as high as if I bought four hundred thousand upfront so so that's the that's the reason why I bought that policy at that time lah


ya ya


no I that's what I said the the few policies that I have with HSBC insurance is actually I think uh to me they are investment policy not so much so when I think of insurance my insurance policy and the amount of protection I have it never crossed my mind to include that


uh that that X dollar of insurance uh component that comes with that the investment policy, you know it's a bonus ah but I won't count that as part of my protection in that sense


ya, limited pay plan meaning


ah yes ya so the the tokio marine policy that I bought is fifteen years so after that I will not uh need to pay any more premium but I will continue to be insured ya


, ya


shall , no to me I think the dependent protection scheme is only forty six thousand if I recall the letter that;s sent to me every year right I I don't think that's enough unless uh


well the dependent protection scheme protect you against terminal illness I just discovered not just death and total permanent disability but terminal illness is when the doctors certify you that you will die in twelve months or you know so


the forty six thousand may be enough if that's the case ah but if you have permanent total disability I don't think forty six thousand is enough


ya, the housing loan and maybe ah but if you but if you, but if it comes with that forty six thousand as well I don't think uh is sufficient if it is really for the dependence so that's why usually people will buy some term in that sense


ya ya ya , for medishield life I think it's a very basic policy that the government is trying to uh insure all singaporeans so that it becomes uh so healthcare costs can be more affordable for singaporeans


but if if you can afford I think uh people should top up with their own uh, integrated shield plan, that's my that's my sense lah


eldershield the payout if I recall is four hundred dollars per month for seventy two months ah and that's probably six years ya but actually they allow your appointed insurance agent of which my is aviva, oh sorry I I I didn't mention aviva ya mine was assigned to aviva and a few years ago my insurance agent actually told me that they have a supplementary plan for eldershield it's under aviva it's called mycare plus ya


stop


part three negative experiences


(hmm) okay so for me the time when I felt helpless okay was in my second job, uh the first, I think is the first month first one month or two months I felt so inadequate because I


didn't know, what and how to go about doing it , the skill sets are the same but the content is different and because it's industry work the content you cannot just read from books or papers and


I was assigned four industries so it was very tough because, all are new to me and I really don't know where to start like uh should I start with one two three four but all are equally important in a sense , and I guess what makes it worse was uh I was the team leader and I had to lead the team so that kind of make it even worse it was really very bad ya


(mmhmm)


, okay I , actually I cannot remember what was the words ah that was said and it's actually people that I do not know it was in a trip to US to visit my sister


we she was in #san diego# with her husband and we went to uh as part of my holiday uh they brought us my last stop was LA because I have to fly back from LA , and we drove from #san diego# to Vegas and then to LA


and we were moving we were taking the subway and this group, of young youngsters and they're hispanic because we were standing uh they actually look at us and spit at us and then


uh walk away it it okay so so I was actually quite taken aback because you do not experience this in singapore , uh ya and and and my sister said ya just just ignore but to me I felt very uh terrible because I to me I felt terrible because they themselves are hispanic and they are


in a way not the majority in their own country why do they want to treat us uh like that in that sense ya so I think that, that incident was I was quite affected by the incident in fact I I will never want to go back to LA again in that sense lah although a lot of people tell me that actually uh it is not so bad just that


usually people don't take the subway well but that was an experience also


okay, , for me I think that's the difference between a single and a a person who's married, when you're married you worry about your children I think when you're single you married you you sorry when you're single you're you worried about your parents


uh about them getting old uh about, whether you know uh, they they can manage themselves , whether you know little signs that scares you whether they uh are having dementia or just memory loss because uh of


old age so these are the little things that constantly uh whether they falls down uh you know if they fall down are they okay so these are the things that kind of worry me lah, ya


true true I think for me I'm I'm a bit more blessed if I looked back I think the saddest moment , was when I when I I was still in my first job and uh


one of my secondary school friend we used to be quite close uh a group of us I think about seven girls uh call me, we kind of lost touch because I was my work required me to work, on weekends and called me and told me that one of the girl passed away uh and that girl is the


uh shining star among our group she's like the most intelligent the most ambition uh ambitious uh as she joined procter and gamble in her first job because she graduated from business admin


and in our rare gatherings uh she was amazed that I can go on uh holiday, one after another and she told me that in her job she cannot go for holiday more than five days because if she comes back after the long holiday her accounts will be taken away by her colleagues


so so, when ya I think that that was a time when I really kind of like, I I was really very shock she got lung cancer and ya so


it was really like she's only thirty plus so ya you're right I think health is important because you don't know how long or what's what's next in that sense, ya


if one thing I could change uh which I can never but would never be able to turn back the clock , ya I think I think I think if I'm able to turn back the clock and start my life again it may be very different


that's true,


work work work and projects I guess (hmm) I I but for me because I'm single uh work takes up quite a fair bit of my time uh in the sense ya so


you and also I guess because I'm a person who have, my own expectations so in a way it gets worse uh that stress is even more in that sense ya


ya , ya we uh


, okay for me what's the biggest thing holding me back I think is myself, uh much as I am quite task oriented when it comes to work uh


in my inner self maybe because I'm so task oriented at work I do have a lazy streak in me , the procrastination part in that sense ya so I guess the


if I were to ask myself as the biggest thing holding back is myself lah I wish I have to overcome myself I I think it think a lot of convincing for myself in order to do something so that's that's something that I need to do uh only when I'm convince then I will put my heart into it


, not meeting out your expectations


okay I think I think for me uh, if I recall in one of my work one of my job uh, we we had to present I was we we were asked to make presentation to our CEO


and this CEO is very tough okay he he is a very strong uh minded person and he has his own views , we were asked to present


a a framework on talent talent uh development, to him uh my SVP asked me to present that part my colleague was supposed to present on career development and we we kind of like told ourselves that okay we we clear the slides with our SVP and we told ourselves that look we have at least more than ten slides


probably you know we won't get through even like the first three slides and that's it lah so that that was what we expected lah because we were like you know , the the the at that level where actually


we were quite shocked that our SVP ask us to go and present lah because uh she is usually a person that's very close to the CEO and we were not in her her her her list ah so


I this this topics were presented a few times but each time I think he was not happy with it so at that time when I was telling my colleague we were probably asked to go because if get scolding the two of us will get it lah


hi yup so so uh we went and guess what we he allow us to present


more than half then he interrupted and, uh he asked questions about what we presented , and then he after halfway through more than uh fifty percent of the slides he then gave his own views and tell us what he wanted so I think that was something that turned out not meeting our expectation but in a good way because we went in with the expectation that we will be not be able


part two, positive experiences


okay , I think for me is my A levels O levels okay but uh, quite expected because you know the results was not that fantastic I think A levels because it was only two years for me I really did very badly for first year I got elephants I got elephants you know E and so second year I try to buck up


but somehow I still don't really feel that I put enough and so when my results came out I actually got a A, and a B I was actually uh, quite surprised, you know that my grades could brought me into NUS so ya that that that was something that it didn't it turned out better than what I thought it would be


, okay, I think I think for me uh I spend quite a lot of time at work so the nicest thing I think someone has ever told me is uh not just someone but


people told me is the work that I do are actually the work and the effort that we put in in our projects or even in our work like our framework are actually very useful and practical for them, uh to be apply in their uh work it is relevant and I think that kind of bring joy and satisfaction to you uh or to me because then I find meaning in my work purpose I guess


in a way yes because you don't want to do work that people tell you that is white elephant right I mean quite meaningless in that sense


okay, in your life,


I think for me is more even even though I, graduated so many years ago ah I think that's the happiest time in my life that I finally finally uh make it and uh finish with studying I thought okay at that time I think


the three years was quite tough I I guess if I were to relive my university life again I would do it quite differently I will play more I think I spent too much time studying but, ya I'm I'm back at campus even on sundays ah but because I have a group of friends who will go back and study together


and ya so of course that that that is the other thing that come with it lah you get a group of close friends but when you really finished I, thought !wow! you know no more studying anymore because PSLE O levels A levels and then finally the three years in university was like


no, ya


okay


, uh well I guess my most memorable one would be


the first time when I, when I went on my own with my friend to italy, and most memorable because uh I was the one who actually ah ask her to go I planned the itinerary based on what I see on internet


because it was so scary to go for about two weeks plus in italy moving from places to places I even had to download the pictures you know and uh so that I can recognise if I go there and so the places really it was like when I reach the railway station it was


ya it looks the same so it's easy it's easier, for me because I had to do a lot of research uh and I was the one so she just uh came along, and so it was scary because uh other than the plane that you know you are reaching that destination the rest is all on your own


uh taking trains uh whether it is uh outlet shopping or you know uh sightseeing uh the leaning tower of Pisa uh Venice and all these places and all the transport, uh public transport that you have to take so it was a very memorable experience and also because after that uh I was more I was more confident


uh it it was only after that trip that I was a lot more confident and I went on my yearly trips uh free and easy out with my friends so that that was memorable it was also memorable because, uh I actually bought my HDB flat


during that trip without seeing my flat ya it was so scary because my brother was uh looking for a flat he saw a few and then he text me and said actually he shortlisted both or two and then he told me why don't you take the other one


and I was like okay you know uh, what what's the condition like and he said the condition was, okay you know he he he, it it just that he can't take both obviously so I decided then well okay you know and I I got my flat


so it was also memorable because when my friends heard what I said she was like you mean you don't have to go and see the flat yourself and for me it's like okay I trust my brother so I, just got it lah so ya so that was that lah in the sense


true


(mmhmm), okay for me for me I'm thankful for my family I think my siblings uh thankful for a big family I have like five there are five of us so uh in in in now now the time uh you


have very small families right usually people will just give birth to two or three but during those days when my mother she had five so when people like how many how many siblings you have five of us they will be like !wow! you know uh that's a very big family but


the good thing about such big families is that you can count on each other ah sometimes uh to help out each other so that's that to me is something that I'm thankful for lah ya


, okay


(hmm) okay for me for me uh what I used to hate as a kid or as a teenager right my oily face, !ow! yucks you know how, especially when you are in a co-ed school I I used to be for girl's school then after that my school admitted boys and it's really terrible you know your your face would be like so oily


you don't even need to be middle of the day but now I'm very thankful as you age ah because that means you have less wrinkles or hardly have any, wrinkles because of the oily !huh! no it's true, so so when I went for my massage uh few days ago my masseur was just telling me oh !wow! you you you don't have any wrinkle look at mine you know when I smile all my wrinkles come out and I tell her that ya so now I'm very thankful for having oily face


because when you have oily face right you hardly have any wrinkles you know dry face ah you'd get a lot wrinkles by now at my age ah so I have to be, uh thankful lah although I hate it when I was a kid lah


ah I can't, I don't know because I I was in the girl's school all the way to secondary three I think so, uh we don't really care in that sense


uh what I love most about myself ah uh I think I'm quite adaptable uh, in that sense so that's that's something that I


I learned to love to to love, myself in that sense uh physical wise I like to think that I love my nails, oh maybe because I hardly do work any housework ah so every time you know when I go for my pedicure manicure my beauticians will always tell me got lovely nail beds you know and when you put on your nail polish it looks really good and it's true so uh I I think that's the best


thing I have lah I think although it's not much


true true,


, perfect day , I think a perfect day is when I spend me time myself doing


what I think is torturing myself but uh still is me time like my massage, my facial and then after that having coffee with friends to catch up I think that's that's something that I'm just happy with


ya, oh okay


done, financial related topic


okay for myself uh I also read up and research the, particular stocks that I want to invest, and then I will, do more research before I decide, on uh buying any stocks


and then for unit trust I will be, I also invest in unit trust so I will, uh ask, some people for advice ah before I, do my commitment for my


investment horizon I'm, about more than five years ya that's all


okay for myself uh I consider myself, more than medium risk taker ah uh stocks at the current climate I think we can slowly


start to go in to invest, and uh do more research that's all


okay I for myself I do, I'm currently also doing trading, and uh I as I said uh, currently because we are in a recession, I also look at the uh straits time index to do my planning uh and uh


and decide whether I want to go into, any trade, uh for options, I'm not familiar with uh, options ah because uh what I understand is that you need somebody


who is a good advisor to advise you on, uh the particular stock you want to invest ah and then you need to uh have a good feel because your, option trading sometimes is as short as one month


uh ya that's all


okay uh uh (ppc) for myself I'm, the same as what kelvin say, uh, I will study the technical analysis, and the fundamental analysis, of the stock uh I think for the current market


looking at the, ah, uh price to book ratio PB, uh it's important ah and, to to invest in the medium term to long term


for current market, uh they maybe they buy, buy low sell high we can, start to take a look uh, uh singapore basically is at the low low market now


, first before the COVID, I think, STI was about three thousand two three thousand three, currently now we have at about two thousand five, so, that could be an entry point ah


for for me


uh same for me also uh, for automating I think, depend on which financial product ah I think for unit trust, somebody, a a a a sound and good advisor will, can advise you on which unit trust to invest


and then for stocks uh, there could be a remisier who can advise you but then, we still have to, do a bit of our own, research and uh


I will try to invest in a medium term to, long term so, to avoid having to look at the stocks daily or weekly


uh the my opinion is that, buy low sell high that one probably suit, oh ya, okay


okay uh, for buy low sell high it could be for, short term investors ah, so that the, uh short term investors will need to


monitor it quite quite daily, uh if for people like us medium long term uh, it's also good lah to know where to buy low and sell high, but uh


not so much as compared to the, short term trading


uh for me timing uh is also important ah and, I think a lot of people in the market also, talking recession playing stocks and shares I think current market will be quite a good time to take a look as for the as for the pre-COVID time


uh maybe the market is on a all time high might not be good to, really go in go into it, ya, if we invest in the long-term, pre-COVID can be consideration


ya I agree uh with kelvin uh, dollar cost averaging is, important because, you won't know what is a, low of a market so, for example STI now at two


two thousand five there about uh people might be afraid to invest now, thinking like the market will go lower, but, looking at all the fundamental, of a particular stock


we can do a dollar cost of averaging that means if you go in now and the market go down further, uh, understand your strategy, and, do a dollar cost averaging to look at another entry point when


the uh stocks go down again, think the question ya


what's the question, uh ya, I think there is a difference ah trading and gambling just gambling


the, uh probability, of losses is to me is higher, eh for trading because you do uh, uh, can be a long term and then there will be more better investment return


so I think, it cannot be compared investing cannot be compared to, to gambling


ya agree uh I think option, you need somebody good to advise you accordingly, uh and I really, even when I do up some read up on options trading


I find a bit hard to hard to understand but, what I understand basically is that, if you don't have enough capital you can actually invest, option is good good way to to trade, but uh


uh you still need to do a lot of research uh before, and a and a good advisor to advise you


I agree uh for using, CDP or custodian account, uh I have both lah basically I have, CDP and custodian account, uh but I realise that


custodian, they are able to charge you, uh vessel fee so now uh, I prefer to use custodian account ah, ah for local market


, for me the current performance of the stock market, uh singapore is a bit lagging ah as compared uh to US market uh so I hope the local stock market will have a rebound uh soon


uh between ETF and unit trust, uh I prefer uh I think both is alright with me ah uh ETF you can you don't need to look at the


particular stock it is a basket of stock, uh I think but uh unit trust also, is alright similar to ETF, and and uh for me unit trust


I invested quite a few I mean there's a few, so for ETF so far I invested less


negative experiences


uh I think for me trying to get a job or, interview at the current situation, COVID nineteen uh it's very difficult and then uh it makes you wonder uh sometimes


make you feel negative lah, whether you know, is the situation that bad, but I guess uh from newspaper report uh the situation


current situation we are in a recession, is indeed very bad, so we just have to find our own ways and think positive try to think positive to move from it


uh I've, almost similar situation ah my dad, (ppc) actually have uh, uh heart attack uh but we thought he was okay because when we in a hospital he seems revived but then


out of the blue suffer a second attack and, then you know was gone and then subsequently my mum also uh have passed away at the both at the same year


so that was a big blow to all of us ah that they went off at the same year, so up till now sometimes we will still think we have done, enough or not so but we think try to think positive and move on


uh I think younger time when I don't do well in school uh, relative tend to makes uh passing comment ah so uh well we we


I try to take it in my stride, then overcome this, so for me it's only the study time


ya, for me same thing, uh work wise ah uh, we were doing a project, and then when things goes wrong my boss will find somebody to blame ah uh but I think overall you know we work


thing was always things will always goes wrong, but I think important thing is how the boss react, and and guide you ah that for my case (ppc) uh part of it is because my boss is not trained


not not not a technical person, so we have the same rank uh in a meeting, and then if one starts shouting and, asking, people to go all the meeting, my


I feel that my middle boss must, uh put a stop to this because, we are the immediate subordinate, he must know how to protect the, immediate subordinate and not let another person uh override this, and then it makes the situation very bad


so when when thing things don't, don't turn turn out right, you know don't put the blame, just purely on subordinate, it's a wrong thing to do ya, have to also have to take ownership


uh, for me last word, will be the same thing lah take care and, uh know what to do next ah but for us I think we have to do our our


due diligence lah make sure we have, uh uh LPA done lor you know so that we don't make the financial, more difficult, if we suddenly go away ah but last words will always be uh to take care uh and


hopefully we we also don't want to drag, and prolong our agony ah yup that that will be for me


uh I agree with Kelvin ah uh, to me also same thing poverty, is the, injustice of the world sometimes you, read in the papers uh uh corruption you know happening but then the government


having the ability and not helping the poor, that that really makes people angry ah but, you also wonder why people, government have the ability and then don't want to help the poor and then when we're


poor you see people begging on the street, and ya, for me that that will make me angry


uh for me the, embarrassing moment would be, having to do my first uh presentation so because that time I was not trained so quite terrible quite uh fumble and then


subsequently during the Q and A also, uh there are question which we were be not be able to answer lah and then we're not sure how to react so subsequently, uh my boss from the MAC side uh do a personal training for for me and taught me how to


react to questions, uh we're not able to come up at the at the at that moment so subsequently it was okay uh for me it's the same same problem with uh project management


during my project management time, uh, you you you get blamed and then my boss's boss, also didn't know the the whole situation also start to blame you but luckily I managed to find out and then uh I I I did a explanation because


the issue here is that, you report to your direct boss, and then what happen between, my immediate boss and, the above the another boss above us


is that you don't, issues you you don't discuss direct you don't override your boss, so you don't go direct to your the higher boss


okay we will call it the higher boss, so and, the problem is your higher boss don't interact with you, so I think that that is not the, I think especially in a big organisation uh


you must interact with the higher boss must also interact with the staff, so you know exactly what is happening, if you don't if you if you don't do this then, your immediate boss can, can do a lot of funny thing or he he mess up, then he don't report


correctly mah because he want to protect, himself or myself then, the the situation, get distorted so I felt that uh that time there was a, lot of misunderstanding and then created a whole mess


as, I think same for me lah because, now property is definitely out of reach, uh each passing day definitely is off uh just as an example is that property used to cost about, private property or condo is about five hundred K six hundred


now is more than double so with with age you know unless you strike it lottery ah then, you can consider uh but now it definitely out of reach with the high price and the loan you got to take


ya done, positive experience, positive experiences


uh for myself I think, malaysian food will be good for me anytime, uh still remember years back we, make a trip with kelvin up to Genting


so just next to Genting there was there was a seafood restaurant, simple, setup but uh I think they serve, fabulous food seafood nice seafood I think even the, the normal Pau in Malaysia also taste very nice


quite different from uh the normal Pau in singapore


uh for myself uh, has to be our wedding my wedding ring, to my wife ah so that has to that has to be one of the best ah


uh, for myself it has to be uh watching a football match, with kelvin ah uh especially from the english premier league, uh that that was a few years ago cause we the atmosphere was very different, and it's a really good experience ah


it it's almost like uh being in wembley but it's at singapore we can, hear all the fans chanting, and uh, atmosphere is just simply crazy


uh for me I don't, really remember, uh but every now and then we'll have a laugh, you know joking with our children things like that, and then uh playing a fool with them you know to relax ourself


uh for myself it's the same uh, also regarding jobs, uh, my first job was only six month, that was during a recession ah I, think back in eighty eight or eighty nine so, after six month there was a offer


uh from an MNC uh, although I lack the experience I, they're willing to, let me try so I took the plunge and, learn ah there was a big team there was a quite


a a reasonable increase in salary ah, and I think more important thing is being able to work in a MNC and then, sort of grow with them and then, there's training and more exposure ya


uh, I agree with kelvin ah because, singapore now, luckily they managed to control the, infection and the spread uh but, earlier one in february


february when they they they couldn't control the, dormitory that was uh worrying, so as of now uh hopefully it continue to uh not


our family not to be affected, and able to stay healthy ya


ya I remember that uh cruise ah because it it was a very relaxing and then, for me I think it's the first time I my me and my family was taking a cruise ah so the experience was uh extraordinary for us ah especially the


nightly sit down dinner, uh it's, the the view is, very different so we are treated like like like VIP and then, then uh the food is so very nice


ya I agree ah uh travelling, is uh one of a thing we plan to do uh, especially making short trips to malaysia, uh the another thing is how to get a job and and easier to find a job cause currently the situation for job market is very bad and uh


another thing is uh, hopefully able to start playing soccer with friends soon


uh for me has to be my, third job lah uh cause it's quite different from my MNC experience uh but


there's a lot of thing to learn, and, also importantly, this company uh has a lot of training program and uh we have to for me I have to learn be a more all rounder


technically ah so, uh I'm glad I was able to uh grow learn new skill and contribute for many years


hold on ah I looking at the question it's on the chat board right


uh likewise for me ah uh it's uh passing of my, both my parent at the same year, so it came as a shock to me uh that both of them had to leave at the same time


(ppc) so even after now sometimes occasionally you start thinking back, uh whether you have done enough or not but I guess we have to move on


sorry ah I think this one is it for, for the third topic negative experience


uh angel


, I think same now also lah we don't look so old, uh, occasionally, maybe people still mistaken us, uh but ya lah we are happy, maybe you don't look so old


it's good for us , I think


uh for me, as we grow older, for me as I grow older I don't really, have much to request for birthday present ah I think the simple cake, and singing singing a song is uh


good good enough for me


uh, for myself I think it's still also our my parents ah uh from, young they will have to instil knowledge, uh the right values and everything for you and then teach you the right things and


look out what to look out for, in in life ah, so I think likewise now we have to do the same for our children


uh for me now uh is to, not hear any bad news, that is my perfect day lah that means uh, in this COVID time


that my family are safe and then, don't have any mishap, and, not getting into any other problem, at work ah during the activities


uh for myself, I have to to be thankful that every day we are still healthy, uh, able to lead a normal life, and then hopefully continue on


I think health is health to me is the most important thing ah, (ppc)


okay thanks for calling, financial related topic


okay hello ya, uh ya usually my investment strategy is uh I would, consider it as a mid term ah two to five year, uh for me I I usually uh, go for blue chips with a steady uh with a steady uh dividend


ya so uh, within the I mean for my risk uh appetite uh between investing and trading I usually, do a measure but it's more on the the investing side, uh because I I prefer to uh uh not to time the market


unless there's a you know there's a really good opportunity like like now the currently uh with uh coronavirus uh you do see some good uh stock picks


usually uh I have not uh personally invested in a, option before because it's more of a derivative uh products you know when you enter in the future contract uh to buy and sell uh a certain assets, so currently I have not really uh been uh considering options


okay uh when uh investing in the stock market , usually I will look at stocks with a good fundamentals, and uh track records uh also I I would pay attention to, things like the the the news you know the media what what is it talking about the the the certain the segment of the industry


uh and uh it and how the company is uh performing, and also I look at the financial record, to to look at things like uh you know their debt to equity uh things like their ROE the the PE ratio, and uh and uh dividend yield


uh fundamental analysis and technical analysis wise uh uh technical analysis I do not really uh uh go into it because uh usually uh, uh those uh uh, companies stock companies uh investment company they will have a the technical analysis uh available and then uh fundamental analysis uh uh I do pay attention to things like like you say the the net asset value the PE ratio the return on investment


stuff like that


okay, have I ever consider automating my investment and uh doing uh investment passively I I'll, for myself I prefer be to be uh uh proactive lah I mean uh things like automating your investment uh I would think would be good for people who have no time and ah and for younger people


especially when they just started investing you know where where they can go into this uh things like uh robo-investing apps you know which can uh which is can uh invest, at a smaller sum and uh and uh do not have to do a lot of uh monitoring


(ppc)


when it comes to uh buy low sell high uh, it's a good investment strategy but is not always uh easy to execute because uh as a investor you will not always know uh how low is low and how high is high


uh it's always difficult to time the market


okay uh between time the market and time in the market uh, of course time the market is good but but like I say uh it's it's not always easy to execute, and then uh I would prefer to I mean for for investor like me I would prefer to uh to to to use the time in the market where you


where you invest based uh more like on fundamentals uh more for the uh uh mid to longer term


, for timing uh time in the market I uh it's good to use the uh dollar cost averaging strategy also in in the way that you do not uh put your money into the stock in one shot


no it allows uh uh uh me to, to uh to monitor the market, and make adjustment along the way, so the the risk uh more or less is uh uh a slightly mitigated I mean you don't take such a high risk you know where you where you put everything upfront


uh, ya, uh between investment and trading I I personally do not think that is exactly similar you know, cause for trading I mean is is


sorry sorry for between uh trading and uh and uh gambling, I do not think it's similar because uh gambling is purely based on uh uh, uh luck pure luck but for for, for this uh investing and trading you actually uh can depend on uh uh


on the fundamental and technical analysis like like I say before so there's there's thing for you to actually uh base, base your your investment uh uh decision on


(hmm) it's


okay uh, do I think options are are suitable for, a new cash strapped uh investor personally I don't agree because, uh for options you are sort like hedging the market


so for that you need uh experience and then uh and uh option usually have a short shorter timeframe, which you need to exercise options and , and for for novice investor they might even uh although they may just lose out the premium but but uh but uh


in the long run I think is a is a is a is not worth it for them


and uh and uh, for the disadvantage of option uh, uh the amount is capped at amount that you you spent buying the contract that means uh which you agreed, so this is the downside so in case it's uh the price not favourable for you then uh you stand to make a loss


or lose your premium , but uh like it does has their advantage in the in the case that uh if you do a miscalculation and you decided not to go with the contract uh you just stand to lose the premium


uh between CDP and uh custodial account uh, CDP is more for like local stocks and then uh while custodial is for, for local stocks and uh foreign currency, so uh, there is also some differences in that you know the dividend get pay right into my into my account whereas for custodial it get pay into the uh the broker's uh


firm, and then uh you do not have uh uh uh voting rights, oh sorry you have voting rights in uh in uh in uh, CDP account where as in custodial uh, usually you have to sign a proxy to the to the to the broker firm


and and then uh, also for for CDP account, we extended commission where else uh for this uh custodial the comms are usually uh lower, so


uh, I would use a mixture of both uh CDP and custodial account, depending on the on the stocks I'm I'm investing in


yup, right now the uh US stock market is has been uh surging you know for the past several weeks, oh uh even this week, it's yes yes yes yes it has gone up uh uh there was some encouraging uh macroeconomic data uh ED ya PMI uh you know


surge to fifty six uh uh points for last month which is uh uh uh very good uh uh indicator, and uh also the uh US investor they're they're expecting uh some fiscal stimulus to pass by the uh government soon and uh and uh and now with the many news of the vaccine being tested on humans I think


the market remain hopeful uh uh for the asia market uh of course we do not see the the sort of gains as compared to US but uh, this week I think I think the STI, also have uh some, marginal gains


for the uh from the industrial and technology stocks especially, but uh the property stocks uh uh I'm I'm still seeing uh some witnesses uh, in the market probably because I think as you know uh COVID has impacted a lot of uh uh retail market and the industrial market


okay I I I used to invest on uh unit trust but I think uh their margin are quite high, because cause they are, okay


okay, negative experiences


a moment where I feel the world is against me uh I ever worked in a organisation where the family are all uh part of related so uh it was tough uh uh


uh actually working there because because uh there's favouritism involved and for that one about one year I where I work there uh I I did not really enjoy my, my my my work there


okay uh time when I was heartbroken was uh my my when my dad passed away because uh he was actually showing signs of uh recovery, and uh and uh we look forward to bring him home and then he wanted to go home himself and uh but overnight uh


his condition took a turn for the worse and uh and he passed away so for me and my siblings are we we we were really uh heartbroken ya


ya ya, uh a time when I was looked down by friends or relatives uh, actually I I do not have any very bad experience on that, uh anything update


I I ya, I am quite fortunate in that sense that is uh my my parents don't really focus, uh, on on us especially uh terrific grades so as long as ah ha I think maybe to the older older generation is like uh you can move on to


the next level uh they are happy I mean my my folks are simple people, okay a a time when I feel was it feel betrayed, uh I mean it it was, still at the the the one year that I had with the family run business uh there was a time where there was a major problem uh with a customer our the store actually uh packed some


wrong safety parts uh the malaysia factory customer malaysia factory then the the customer wanted us to send somebody down do the uh physical check and sorting


uh but uh to my surprise uh although it was a small mistakes my immediate uh superior actually uh sort of sided with them, just because the uh I think I think the storekeeper is a is a is a relative of the management then I had to uh


go down, in the early in the morning to the to the Malaysia factory and uh do the sorting for the whole day and I came back, singapore uh I think uh it was like past midnight so uh, I'm I I'm not uh complaining about you know having to work but I think that I think the there should be some uh


uh, some responsibility I mean I mean if you if then whatever the, stores uh they have the manpower so, for me I'm doing the sales I still have to uh do my sales job and I got to do sorting I mean ya is something like, uh think I think it's a bit uh uh uh too much cause because the store has the manpower


okay uh if if there's really a a situation where I'm gonna die tomorrow and then uh my last word to my loved ones is uh don't be sad do live for me you know, uh


stay healthy be happy and uh uh love continue to love one another you know, uh they should uh they should live for uh themselves and and also to take care of their their their their mum


oh shit


uh injustice of the the world uh that makes me angry


uh, I think sometime I wonder why why there are some countries that live with such such a extreme, poverty and uh why some countries are are they're so rich when you look at places like like like india and some of the african countries uh if you ever been to india ah I think if the first time you go it will be a experiences for anybody you know you will see uh


beggars that's when you exit the the airport and uh and uh you can even see like uh people who are handicapped crawling up to you uh, asking for money, but but uh I was told by my my colleagues over there don't ever uh uh give any money because you'll find yourself uh stormed by people and then like you got difficulty to get out of the airport


so uh, I think for poverty I think I especially uh pity uh the the children and the elderly because uh I think these are the people that are uh find the most difficulty to fend for for themselves


and uh, and uh they are always uh being forced into uh some, some illegal uh things like you know uh prostitution child labour


, my most embarrassing moment I remember last time when uh uh my whole company team uh attended the uh some seminar and training in uh US so uh I and one of my colleague was uh bunked together in one of the room so


uh during the break lunch break cause of the time difference and then the we just arrived the, the day before so us were very tired so we uh thought uh you know uh let's just take a nap so so both of us did set the the alarm but somehow I I think


because uh we're we were too tired we couldn't woke up then uh we, missed uh the afternoon session so we got a good tick off from from my boss and then uh and then uh so it was embarrassing because quite a number of


the uh people knew about it


okay a a moment when I felt that I was treated unfairly uh, there was once uh I think my one of my colleague, uh made a mistake


but because uh it was like uh, uh, I was sort like uh overseeing her uh she was doing some customer service, uh my boss put the blame entirely on me so which I think was uh in a way unfair


okay dreams of mine uh which uh die a little with each passing day uh when I was younger I mean uh, we are ambitious we want to be successful or know we we dream of, !wah! you know owning a a a big house you know buy


me for me personally I I I like have a house you know condo or something that where where I can have a full sea view and uh sea breeze something which I I I like then uh going for holidays frequent holidays and then


uh you know and uh be successful in your career but uh, now passing time I think now with nowadays uh we have to be realistic cause uh


the world is dynamic I mean although you may work in a good company, uh things may not always turn out well you know cause from my experiences uh no I used to work in a MNC uh uh many years back so prospect was good


uh so I was there for almost ten years but the thing is uh when you work in a large MNC especially uh no if you are in an american company uh, the these companies are always uh need to be a need to trim their fats


so every year you will see a a, uh you know there's retrenchment going on, so I was there for about I think almost like uh ten years so, most uh when I in I in a year when I turn when I have uh served for about nine years


uh uh I was retrenched so right now uh no what's, I'm not with an MNC anymore but I'm I'm still comfortable I mean working with a local company, but but uh I would say that uh I've tell them my expectations you know and then I also with uh the the with uh


your kids coming family so your priority changes, so last time I thought I'll be at just uh me and my wife and kid but now I I've uh I've uh you know three kids with me and there also my parents so so uh of course uh right now I do not have the same dreams as I had when I was younger


positive experience


best meal I had uh was when uh I went for holiday to #khao yai# thailand, uh it was nothing but uh lavish just a home cooked uh, pork porridge breakfast uh with some simple dishes uh by the host


but uh to me it was marvellous because uh uh it was it was a, nice environment uh simple food but yet nice and then uh I I was uh with uh my family, so I thoroughly enjoyed it


okay uh on the best surprise gift I ever given to someone uh, I will consider it my first uh, birthday card to my girlfriend, uh uh, she still keeping the card and she's my wife now


okay uh , there was a time when uh uh when I can't wait to attend a special, event uh it was for my daughter's uh, uh graduation uh she she did


really well for her for exams and then uh uh and also she was a part of the performance for the graduation uh ceremony, and uh she did a dance uh so that uh me and my wife was uh looking forward, to enjoy the experience


okay a time when I laughed too hard was uh I remember uh, when my daughter was in the toddler uh, she accidentally mistaken uh small cactus plants, along the corridor as a stool and uh sit on it so


uh uh so uh we both me and my wife had a good laugh and uh and uh she was not badly hurt just uh some, some of the the the the the cactus uh uh you know, uh prick on her backside


, for a time when I I decided took a risk and uh rewarded with some success uh I wouldn't quite actually success uh , uh, what what happened was uh, that year I decided to switch a new job at the same time I was uh going to get married and I I was uh going to get my house so there's a lot of uh expenses involved


and uh and going to in a new job, so but I think uh everything worked out and uh and uh, uh we met I me and my wife managed to you know, uh, to to manage all these uh uh extra expenses


and then at the same time my my my job uh, it was a good move, I actually uh, have some uh, uh good prospects in the new company


, the post-COVID world uh, I would be very uh thankful and appreciative that ah, my family is uh safe and healthy


uh and then uh thankful that we are staying in singapore where where we have a good uh medical facility and systems to take care of the people, ya


uh fond memory which I share with my loved one I think that would be the caribbean cruise I took uh several years back, with my family, uh uh my mother and my father-in-law, and uh I think uh, daniel was also there daniel's family was also there so uh we had a wonderful time uh the kids their own activities uh you know


for, for for the adults uh know uh we we we we are we are able to relax and enjoy good food, and then the important thing is uh I I think uh my is a suitable, holiday experience for elderly people


things I look for to when the this pandemic ends uh, to do the normal things, that we do every day, and uh of course more importantly no mask oh we have a gathering with friends you know eat out, go indoors


and then uh of course uh travelling


a time when I experience personal growth uh, I was uh it was uh as I mentioned earlier I change a new job I worked for a japanese company I was a bit apprehensive because, uh as you know japanese company are


uh very uh micromanage, but the the boss I had was a, was a wonderful wonderful boss he was willing to mentor me and uh give me opportunities uh to grow, uh even now I'm still uh in contact with him


okay uh have I ever experience any moment where the I feel the world is against me ah, , I ever uh work in a organisation where it's a it's a family run business where almost uh everybody in the company is sort of uh related so it was


uh quite difficult for me as a outsider because, uh uh, there'll be favouritism, so so, uh I did not have a, pleasant working experience during the the one year I I was with them


ya uh ya, okay a a time where I was heartbroken, , uh during that time when my father passed away uh uh it was uh I was very sad because uh


he, he was ill but he actually he seems to be recovering so we were actually hopeful and uh he was sort of looking forward to going back home, but uh unfortunately, overnight uh his condition turned for the worse


and then uh he passed away, so uh, me and my siblings uh we were all very very sad


oh ya, okay think you go on to the next one ah


uh okay the nicest, nicest thing that someone ever said to me is uh, no when uh, not now but uh I think uh ten years back I was still youthful looking


when you, go to the hawker centre the, the hawker uh will still call me uh, know, young man


okay the best birthday present I had , , actually it was a a a, soccer soccer ball signed by my, uh friends


so unfortunately I don't have the ball with me now because uh the ball has uh, the rubber has uh disintegrated but uh it was a good gift for me ya


okay in in life who do I look up to uh I think, it will be my elder brother because uh I came from a family where we have seven siblings, , he had to uh, leave school


leave his studies uh when he was very young, to help to support the family, and uh, I appreciated you know what he has done for the family and also uh, he, is the person I I look up to and then uh another one is uh my mum


uh, although uh she has little education but uh, she helped to supplement the family income, uh by you know, doing house cleaning uh clothes washing so in those days uh washing machine


is still not that common I mean not not every family have a washing machine some family still prefer to be hand washed so I would accompany her you know to the to the house I was still very young then and then uh you would see her washing the clothes


sit down and uh and hand wash the clothes and then sometime the hand because with too much water, you know it get too dry and cracked, so uh my mum is staying with me now so I'm taking good care of her, and uh and uh


I really appreciate what she and my brother has uh has uh gone through to to to bring up the family


ya, what do I consider as a perfect day for me uh personally is I think, perfect day means uh no hiccups in work no no mishap


uh know everything runs smoothly, and then uh, end of the day uh you can have a good meal at home lor with your family I mean uh, that would be my perfect day


ya uh I would be thankful for you know the family uh, being healthy uh not falling ill and then uh, my children uh


able to be uh uh doesn't have to be great achievers but uh know they're able to to fulfil the studies and then uh, and uh earn a decent, uh living when they come out to work


okay uh what what do I hate when I was a kid and but now I I love it uh I think that'll be exercise, as a kid I do not exercise that frequently uh you know mostly watching TV you know, but now uh I will say I we relatively I'm quite active in uh sports uh you know I I I play squash once a week


I I go cycling on weekend and sometimes I go I do some joggings


part one financial related topic


hi hi raymond, it it has been a long times since I has last last met you so do you have a saving account, oh great


yes I do save my money in POSB, so far uh how so which bank have you been using for yours for your saving account


I see I see so so your bank is POSB and DBS lah great so for me it's just POSB, so do you so do you have a credit or or debit card


I also think so I have been using the POSB the everyday card so far the rewards that it is the giving me is quite good means you can get five percent rebates from #sheng siong#


oh, I see I see


uh actually I do have other banks account uh but it's not active lah uh I also have UOB maybank, the standard chartered and DBS these are the four main banks lah


the purpose is actually because uh for each account I I have a I have a different purpose lah


quite true


uh yes uh basically I just have one credit card that is the POSB the everyday card why I keep it it's mainly because, I often go #sheng siong# for shopping so the rebates it is quite useful for every dollar spent you you will get five uh percent back so over a year you can save up the enough to buy a air ticket to Guangzhou lah


really really yes correct yes


yes correct so just just right


yes yes yes, quite true quite true


yes


actually it's quite true that we must all do some investment lah but you can't put all your money inside the investment because you still need some cash for a rainy day, so that's why I I I have share with you that I have four savings


the the account and uh one of them is for uh, rainy day cash lah and one of them is for investment purpose lor, , means if you do not have any spares spare cash uh sometimes if it it may become a big problem


yes so actually uh , so actually uh for your friend who is doing the investment for you means I do not have objections towards


the financial planner lah but I but I but I prefer to do my own investment ah because uh so far I find that I can get better better returns doing my own investment


hi raymond, I see I see, so what is your experience of getting a loan from a bank


I see,


, I see I see so actually for me my my bank loan is actually uh, in earlier days I sometimes do balance funds balance fund transfer from banks uh means they will give you a loan based on some uh some some


amount then they will charge you two point five uh percent uh for, for a fixed rate lah so sometimes means if you need, need a large portion of cash like ten thousand then you can, get a loan from them at a two point five percent which means you need to pay uh two hundred and fifty dollars upfront for the interest rate so for the next six months you you will get ten thousand


and without anymore interest charges so it's quite a, , yup correct means sometimes means if you are doing some


investment and uh you and you need more cash, balance fund uh transfer is actually it's quite good and so far the best which I which I find is actually from standard chartered lah they they they have the uh they have the best rates lah


ya few times


means , yes but you must know the interest rate is totally different means if you withdraw cash from your credit cards, to uh to pay off for something the interest charges is twenty four percent per annum which is quite a large large large large sum which means that for


every ten thousand that you withdraw from your credit card you may need to pay up to two thousand and four hundred dollars per year, so so now if you take the balance fund transfer you actually just uh you you just pay two hundred and fifty dollars for six months


so, uh balance fund transfer


yes it's ten times cheaper,


oh, because for balance fund transfer they have this uh promotion rates which is uh pay upfront first lor that that is why they offer you balance fund transfer


it's part of the programme lah , with uh, with withdrawing cash from your credit card


!wah! that one is worse , ya great great she is still in, uh the working as an working as admin


so far no but a joint account is, useful uh if if, me and my my wife we are starting a plan to save up for something lah so as so example like we want to save up for our children the education I then I would propose a joint account


with her lah so neither of so neither of us can withdraw cash on our own lah , yes


yes correct yes ya, they actually they means if you withdraw cash from, joint account I think they will send you a SMS like example like you have withdraw a thousand dollars from your savings they also will send you a SMS lor


, I think cannot but if you are just you you may need to call the bank but so far if you withdraw


just less than a hundred dollars then they won't send you a SMS lah but a thousand dollars is quite a lot


no it's mainly for a for a purpose lah , so, oh so how about mean uh means if, you have a children at what age do you think they should be given a ATM card to uh to start managing their own ah account


yes correct, I think I can remember that my parents have started a bank uh bank account since I'm a kid lah then ya then gradually when I reached sixteen years old then they give me the ATM card lor


ya I see


, ya I also think so lah means the actually uh means if the children themselves they have some some form of financial knowledge ah I also think that since young


they they should be given more more responsibility to manage their own bank bank account lah this is a good good training lah


, part three negative experiences, hi raymond can you recall a situation where you were forced to change your plans against your will


, ah I see


, yes


, , uh for me ah when I'm forced to change my plans ah


, probably, I can only say is work lor like sometimes uh, when we want to do something like uh how to repair a machine using method


A then uh then I also have seniors mah then the seniors will come to, uh make me use method B C D to repair the machine so that is probably uh one of the memorable moments where we where I'm forced to change my plans lah


, means because uh if I'm a newbie, because for my seniors uh means if they they are too experienced lah means if they wanted you to do this way ah you you must do their way lor so even if their way is wrong ah you you you you still need to


do their way then you then you can try your own our but you but you need to try their with ya then you need to try their way first lah, , compulsory lah


yup, current job ah current, job is a bit crazy lah means they will want you to meet your targets the every day do cold calling to how many person but


I mean it does happen lah, , , correct correct correct means uh, but I guess it's no choice lah because uh some sometime


the boss want then you just need to do their way first lah then if their way cannot then you try your own uh way lor


, ya correct, , were against me uh


probably I would I would say in my younger days when I was a children ah because for my father he's, a bit abusive lah so he would, say a lot of things that that is quite hurting


so uh so, probably it will make the children more rebellious and hurt them lah so probably that is a moment where I where I feel the world is, uh is quite dark lah so


what about you uh moment where you feel the world is is against you


, , so can you share,


, so don't do not worry time will, cure all wounds so give it


more time well you you are looking great to me, ,


were heartbroken ah definitely not lah uh probably, is uh being skipped over for promotion lor because uh for japanese, working is uh the longer you work they will make you a senior to means there will be some promotion along the way lah but


after ten years eleven years twelve years thirteen years means every year there's, still no promotion for me lah so I don't know whether I'm it's my working or it's because the boss the don't like me lor so that was probably


a time where I'm heartbroken ah , true true true well got no choice ah this kind of career thing is really it's up to to I don't know it's up to luck or up


to people lah, both lah


so far I would say I'm quite lucky I don't remember being looked down by friends or relatives lah so so far friends and relatives have all been supportive quite lucky lah so


what about you is there a time when you were looked down, true true true


yes


(mmhmm),


, that is lucky uh betrayed ah, , probably probably is, just work thing lah means like what I say just now that being passed over the issue for promotion means


means uh means why should I be working the sixteen hours daily whilst some other people, doesn't seems to be so busy but they are the one getting the promotion lah but again means this could be because


uh no luck or people just don't like me I have no idea , so probably feel betrayed by the japanese too,


means they didn't promote me lah, ya correct , , so if you are going to die tomorrow what are your last words to your loved ones


, uh probably for me if I would tell my loved ones like example like my wife I


means if she is so if she's, still young probably I I would tell her tell her to look for someone else lah, means it means if she got other love in the the means after I pass away then if she got other suitors then go ahead lah means do not waste time to


keep thinking the uh the about the ones who are gone ah then uh, probably will also ask her do not spend unnecessary, money to


for the funeral or whatnot or whatever purpose lah means keep more cash, for herself the after I have passed away lah,


, uh, probably no but if it happened I mean I'm a very practical guy lah so lesser emotion and more ah practical lah


, me ah felt like giving up ah , so far I never really give up on something lah but the probably the thing which I have


feel like ah uh, oh uh probably, it should be always in sports lah means sometimes uh like like the SAF training means they want you to


do the the obstacle courses then you will be running with a rifle and all those backpack and all and all these thing doing the twenty four kilometre route march so these are the times


where I probably have felt that I want to give up but not allowed to give up ya so probably that was that time lah


it's always the physical part lah, so what ya, so what are the injustice that make you the angry


oh I see I


part two positive experiences, hi raymond uh can you describe a time when you were helped by someone in time of need


no eh, jane the taxi driver


, , ah okay


, yes raymond yes


yes , for me ah


when I was helped by someone in time of need ah, , probably I would say it's in my work lah uh because uh during my first job working as a


technician in a japanese firm uh that time the company was very poor managed but uh the starting years were quite hard lah the first two or three years where the


supervisor will make you work like crazy lah work sixteen hours ya so it will so that time the japanese came over to re-manage the company so


I think I'm really owe my, work success to some of the to some of the japanese lah


ya it's has been in singapore for over thirty years mah, , actually it's also japanese uh but it's just that the locals are managed by locals lah


ya correct


means they make sure that they're that they , that we are learning the right skills and uh and if we have any problem then we can check with them lah means there's always a mentor lah


actually uh, still at sixteen hours but the work become more happier lor,


, yup, ya correct I, I mean their their drinking is not is not something that we should learn ah


it's it's it's it is crazy lah , yes


, probably the best meal I ever have is uh whenever we having


uh steamboat because for steamboat is one of the best time to uh to do some bonding and you and steamboat is one of the best food lah , yes so what about you what was what was the best meal you have ever had


oh so


(mmhmm), ,


oh I see,


get it so, well it's a it's a it's a good answer so what about what is the best surprise or gift you have ever give someone


, yup yes yes yes, oh my god it's bad


, , probably is to my wife lah I I mean


the most of my most of my gifts are given to her lah like sometime will bring her to some some surprise trips uh the buy her some


ya like a like a holiday to somewhere lah, uh


no lah means we of course wie'll discuss the trip lah but I but I will propose say uh why not for next year, uh for your birthday then we then we go to malaysia for a holiday


then we will be planning the uh, a surprise to her lah means uh means uh since I got propose, as a wedding gift or as a birthday gift ah


ya correct , yes correct ya correct


counted counted ,


yes correct, no lah the Guangzhou one one or two times, per per year is normal mah


maybe maybe yes, just us


uh so far I don't attend any concerts or I I don't recall uh means I'm so excited to attend any special event ah nothing comes nothing comes to mind


so please share, , ah,


, describe a time when I laughed too hard ah, uh nothing comes to mind also I seldom got laugh too hard so


a humorous person


, I see, true true


no, seldom seldom got laugh got laugh too hard lah


, , yup


uh yes so a time when I took a risk ah uh


decided to learn investment [orh] ya [loh] because for last time I also do not do investment, but uh but, came a time when I read a book by robert Kiyosaki the rich dad poor dad so what he said makes sense lah so I said so I started


to read up more about investing and gradually there's uh there was a time where I where I decided to do some investing for one year, and the and


yup I'm still I'm still doing lah yup so the reward was not bad lah means, , means it's my first year lah means uh the first year which I do it


so the returns was ya, ya so that is why doing some investment on your own is correct yes correct correct


so, what about you , describe a time when you took a risk and was rewarded with success


oh I see I see,


, true true


, , true true true I I think you are you are putting the cost to good use


(ppo) okay


part one financial related topic


uh yes I have, uh yourself okay, yes


oh uh when I began uh, it's also POSB, uh but uh interestingly I have a DBS uh, credit card, ya so so I use that that credit card to withdraw money from my POSB account


ya, uh, okay ya


so I yes, yes, me oh uh I've a credit card, uh because uh, a credit card uh I think it's better the uh but I I actually never spend more than


my credit credit limit lah ya, uh, I I but but I find having a credit card uh better because of, the rewards ya


oh okay because of my uh spending uh, , I guess needs these days uh I've been thinking of actually cancelling my everyday card so I have a everyday card, so after if I if I cancel this card I will still have my DBS classic credit card which I think is is enough ah it's a mastercard lah


, anyway, anyway do do you have a bank savings accounts with other banks


!wah! okay that's I mean this is something new uh I I think there are people with multiple accounts ah but uh I've never heard someone with I think five banks is it, I think I think but POSB and DBS is like the same bank lah


ya, you have a different purpose oh okay I mean ya let's not I mean we will go into details as as as we need to lah I'm just I'm just curious lah ya so yourself do do you do you own a credit or debit card


I mean, everyday card ah


, really , from just from the rebate ah from the from the rebate ah so after spending spending I mean I don't I don't think it's just #sheng siong# lah but after using the card for one year you actually get enough rebate for plane ticket


oh okay because uh, because uh you you I mean I know the everyday card because I've the everyday card right so it's also uh you can also get rebates from like for example