2 Investing Biases that Hurt Your Retirement Savings

Being aware of our behavioural biases could mean a significant increase in retirement savings. There are two common biases that can affect how we save for retirement: 1. Present bias – the tendency to put more value in current or short-term decisions than the future 2. Exponential-growth bias (EGB) – the tendency to underestimate and neglect the […]

Why We Shouldn’t be Bothered with Fear-Mongers

There is much fear–mongering in the different media which we are exposed to everyday. Take a look at the money section of any website, newspaper or magazine and you will find stories warning you about the Chinese economy, the Federal Reserve’s interest rate policies, the impact of the U.S. presidential election, global oil markets and […]

4 Reasons Why People Underestimate Their Retirement Savings Need

A DBS survey of 800 people in 2014 showed that: 73 per cent of the people polled plan to retire between 55 and 65, with an average savings of $571,715. At the same time, more than 85 per cent of those polled expect to live on a retirement income of $3,500 per month for the next 15 […]

4 Life Stages of Financial Planning

Many of us know that financial planning is a lifelong process. Our ultimate dream is to achieve a retirement life which we desire. This could mean being debt-free, having a passive stream of income and best of all, pursuing our interest and passion which we might not get to do in our younger days. Our […]