Friday, August 7, 2015

MoneySense#1 Money not enough (7 Aug 2015)

A Jack Neo film that has come to epitomize the relentless pursuit by many of us Singaporeans for the elixir of happiness. That money, regardless of its color will give us the joy of life. But does it?
Much as I am inclined to use this blog to share the gospel truths on the futility of material pursuits, where one will only truly attain the elusive peace and joy from a life lived knowing, and trusting our
Divine Father in Heaven, I will desist. But you are most welcome to visit my other blogs that dwells into issues of spirituality.

This blog is a desire to answer God's call to help people who He will placed in my path. Not to help you make monies, but rather, to bring an honest clarity to the myriad and often treacherous world of finance and investments. An area that many have no business to be too deeply involved in, but with the confluence of an interconnected world, an unreal abnormally low interest rate environment, and property prices on steroids, many are enticed if not pressured to make their monies work harder for them.

"Caveat emptor" Sadly, with the post legalistic environment of the post sub prime crisis, the investment advisory world is "strait jacketed" to the point where sensible advice is harder to dispense without putting the adviser at risk. And users of financial services are inundated with legalistic documentation, that will helm in their ability to make a fair claim for many will have signed away their rights without understanding the implications.

And on this note, here ends my first posting in all brevity. Short as it might be, but may the point that in today's investing world, the very rules that are put in place with the intent of protecting you the consumer, could have unfortunate untended consequences. For like the Pharisees of old in the Christian Bible, many are knowledgeable of the laws, but morality of a person is less about the outward, but more about the heart.

Choose your adviser wisely. And invest with prudence. Or a moment's folly can be a lifetime of pain.

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