Category: FAQ

June 2, 2008

FAQ #16 I run a home business / I am a busy entrepreneur. What is in personal financial planning for me?

Filed under: business owner,FAQ,planning,small business - 02 Jun 2008

As an entrepreneur, you must be used to taking risks. You probably prefer to rely more on yourself and envision your future more clearly and forcefully than many others who live off a salary. While you accept heightened uncertainties, it …

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FAQ #15 What is the essence of critical illness insurance? Whom is it for?

The need for critical illness insurance is probably bigger than for any other type of insurance because

the chance of suffering a critical illness is very high for any of us (click here for some data)
the financial loss or costs …

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FAQ #14 Why diversification is so vital? What is it? How to do it?

Filed under: asset-allocation,diversification,FAQ - 02 Jun 2008

Diversification, in layman terms, means: Do not keep all your eggs in one basket. Since we cannot predict the future, it’s better to prepare for a range of potential versions of it, and thereby spread the risks of negative outcomes …

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FAQ #13 What are the main types of life and health insurance?

Filed under: FAQ,insurance: - 02 Jun 2008

Since there are various kinds of risks, there are various kinds of insurance policies as well that you can consider. It is also important to take account of your wishes, responsibilities, and time horizon, when compiling an insurance portfolio.

The cheapest …

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FAQ #12 How is your ‘WaD dealing with money’ differs from what SRI refers to?

Filed under: FAQ,SRI / WaD investing,wisdom - 02 Jun 2008

Why and how could the idea of Socially Responsible Investing be expanded?

In previous newsletters and on my old website, I’ve introduced a term: WaD (Wise and Decent) financial dealings, as an attempt to expand what is often described as …

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FAQ #11. Why do you promote SRI (Socially Responsible Investing)? Do you think I can be that generous?

Filed under: FAQ - 02 Jun 2008

Doing well by doing good – it is not necessarily a pipe dream

Numerous scary environmental and social phenomena and trends exist that are making increasingly more people conscious about their own role and responsibilities related not only to …

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FAQ #10. What is single most important obstacle to successful financial life planning?

Filed under: FAQ - 02 Jun 2008

If you’re good at geography, then this map below may help you to find out my answer; treat it as a hint:

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FAQ  #9. What is your professional philosophy?

Filed under: FAQ - 02 Jun 2008

I prefer the so-called life planning approach, over and beyond product sales, investment or risk management, and mainstream financial planning.

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FAQ  #8. Isn’t your highlighting of wisdom, balance, psychology, happiness-seeking, or communication, just another smoke screen? (Where’s the beef?)

Filed under: FAQ - 02 Jun 2008

…. work in progress, … please come back soon

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FAQ  #7. Do I have to understand all these quantitative stuff, … maths and statistics, to be a successful investor?

Filed under: FAQ - 02 Jun 2008

Not necessarily, … but if it is just old phobias and bad memories, it’s probably worthwhile to take some effort to catch at least the essence of the most widely used concepts and terminology. You don’t have to master them, …

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