Financial Management Archives - Page 2 of 4 - Ethan Teh ~ witty Financial Planner

10-10 World Mental Health Day

Financial Stress may be one of the factor that causes mental health problem like depression, anxiety or even loss of sleep. If you or if you know anyone who are in need to talk to someone.

Hey, feel free to contact us. We are ready to listen.

Please give us brief information:

Name
Age
Occupation
Current financial concern

📧 : ask@ethanteh.com
📱 : whatsapp.ethanteh.com

Subjected to availability of adviser at suitable location and time.
May not proceed if found to be not suitable for discussion by either party.

Monetary Policy Committee of Bank Negara Malaysia’s reduced Overnight Policy Rate (OPR) by 50 basis points to 2.00% after meeting on 5th May 2020. (click here for BNM press release) With this announcement, interest rates for both borrowings and savings will be adjusted accordingly. For those of you with Fixed Deposit Savings may start to feel that it may not be viable to continue placing FDs with bank. So, what should you do?

Worry Not! You can expect a lot of advertisements and posts about investment opportunities everyday. You may have received calls from someone, you know or do not know, who offered you with investment schemes. Some may even offer you new career opportunities.

What is Stopping Us from Achieving Our Goals?

If you are a follower of this blog or Facebook page, you might notice that I have recently changed our tagline. I am writing to record the reasons of this change.

This is a write up to share the change in my view about financial planning after more than 9 years in this industry. It has also been 3 years since I moved from Insurance Agency and Unit Trust Agency to join an Independent Financial Adviser Firm (Money Sense Advisory Sdn Bhd). With that I gained access to products from almost every Insurance Companies in Malaysia, I also gained access to almost all Unit Trust Funds available, even offshore investment vehicles and many other financial services/products.

How to respond in Times of Uncertainty?

Imagine throwing a pebble into a still pond. How does the water respond? The answer is, totally appropriately to the force and mass of the input; then it returns to calm. It doesn’t overreact or under-react…
David Allen in Getting Things Done

What is happening?

Coronavirus COVID-19 pandemic is affecting almost every countries in the world. Social and economic activities are greatly affected. While we are fighting the virus, we are also facing economy challenges. Severe turbulence in the market with new data, news and stimulation packages, monetary decision by central banks all over the world and etc. are creating uncertainties among the investors and public. This situation will prompt many of us to make many instantaneous decisions daily.

PREMIUM & CONTRIBUTION DEFERMENT

After announcement by Malaysia Prime Minister, few Insurers and Takaful operators rolled out with guideline for Insurance Policy and Takaful Certificate holders to make application to defer their Premium / Contribution for 3 months. Different from Loan Repayment Moratorium, you need to make application to Insurers for this premium deferment. It is subjected to Insurers’approval.

Detailed Guidelines

At the time of publish, we have gathered information from 6 companies, i.e AIA, Allianz, Etiqa, Hong Leong Assurance, Manulife and Prudential. We will try to update the guideline from time to time. You can download the guideline from here.

* 30 Mar 2020 – New updated Guideline to include Great Eastern can be downloaded from here. (https://ethanteh.com/covid-19-insurer-premium-deferment-v2/)

Category: Financial Management