X
theAsianparent Logo
theAsianparent Logo
Product GuideSign in
  • Awards
    • Parents' Choice Awards 2023
  • Pregnancy
    • Due date calculator
    • I'm pregnant
    • Trying To Conceive
    • Labour
    • After birth
    • Baby loss
  • Parenting
    • Parent's Guide
    • Relationship & Sex
  • Child
    • Newborn
    • Baby
    • Toddler
    • Pre-Schooler
    • Kid
    • Pre-Teen & Teen
  • Feeding & Nutrition
    • Diseases-Injuries
    • Breastfeeding & Formula
    • Meal Planner
    • Health
    • Allergies & Conditions
    • Vaccinations
  • Education
    • Pre-School
    • Primary School
    • Secondary School
    • Primary School Directory
  • Lifestyle
    • Money
    • Travel & Leisure
    • Fashion
    • Home
    • Fitness
    • Contests & promotions
  • News
    • International
    • Health
    • Celebrity
    • Singapore
  • TAP Recommends
  • Shopping
  • Press Releases
  • Project Sidekicks
  • Community
  • Advertise With Us
  • Contact Us
  • Become A Contributor
  • VIP

Expert Investment Advice by tAp’s In-House Finance Wizard!

3 min read

Investment AdviceWhat to consider before investing

The financial market has been through a roller-coaster ride for the past weeks with the collapse of Lehman Brothers and the recent event at American International Group (AIG). Many funds have dropped to their lowest point since the past two to three years. Is it wise to invest now? Here’s some investment advice to consider before acting.

 

 

Before you focus on growing your wealth through investing, it is important to ensure that you are already financially protected as this lays the foundation for solid financial planning and enables you to weather any unexpected storms in life. For instance, have you set aside at least three to six months of your expenses as emergency funds? Also, are you adequately prepared to cope with situations such as illnesses or hospitalisation?

 

Investment Advice: Spend time in the market, not time it

No one really knows if the market has bottomed out or could dip even further. What we know for sure is that markets will continue to rise and fall, as certain as sunrise and sunset. In times like these, the key investing principle to bear in mind is to spend time in the market and not try to time the market. It pays to invest on a regular basis and leverage on the concept of dollar cost averaging to buy low now and sell high later when the market recovers.

Also, you would need to consider the duration in which you plan to invest and the risks that you’re prepared to take for your desired level of returns, as these factors could determine what your investments should be and the asset allocation that best suits your financial goal.

Do speak to your financial planner should you need further investment advice to review your needs and build a customised investment portfolio that helps you to achieve your objectives.

If you would like to make an appointment with me, do feel free to contact me at 96386328.

Answered By:

Ms Phylise Er Jia Li

[email protected]

Got a question? Drop an email to [email protected]!

To find out more information on Phylise’s background Visit her website!


Disclaimer:

This commentary expresses the views of Phylise Er Jia Li, CFPcm representing AXA Life Insurance Singapore Pte Ltd. It is not made with regard to the specific investment objectives, financial situation and particular needs of any person. You may wish to seek advice from a financial adviser before making a commitment to purchase the product.

 

In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. The precise terms and conditions of the plan are specified in the policy contract.

 

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value may be less than total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

 

A product summary is available and may be obtained from AXA Life Insurance Singapore Pte Ltd and the participating distributors’ offices. You should read the product summary before deciding whether to purchase the policy.

Partner Stories
Great ideas for gifts for Chinese New Year 2023!
Great ideas for gifts for Chinese New Year 2023!
Learn Tech and Media Skills, Gain Industry Exposure and Build a Portfolio. Here’s How Your Child Can Benefit from an Infocomm or Media CCA!
Learn Tech and Media Skills, Gain Industry Exposure and Build a Portfolio. Here’s How Your Child Can Benefit from an Infocomm or Media CCA!
Korean Stars Take Center Stage at Disney Content Showcase in Singapore
Korean Stars Take Center Stage at Disney Content Showcase in Singapore
Health is Your Greatest Wealth. Learn How Your CPF Savings Can Safeguard Your Healthcare Needs and Provide Peace of Mind
Health is Your Greatest Wealth. Learn How Your CPF Savings Can Safeguard Your Healthcare Needs and Provide Peace of Mind

Got a parenting concern? Read articles or ask away and get instant answers on our app. Download theAsianparent Community on iOS or Android now!

img
Written by

Phylise Er

  • Home
  • /
  • Lifestyle
  • /
  • Expert Investment Advice by tAp’s In-House Finance Wizard!
Share:
  • Is Your Investment A Scam? Here’s How To Tell

    Is Your Investment A Scam? Here’s How To Tell

  • Q&A: What Is An Investment-Linked Education Plan?

    Q&A: What Is An Investment-Linked Education Plan?

  • ‘I’m Still Waiting for Him to Call Me Mum’: Woman Who Left Job to Take Care of 9-Year-Old Son With Rare Angelman Syndrome

    ‘I’m Still Waiting for Him to Call Me Mum’: Woman Who Left Job to Take Care of 9-Year-Old Son With Rare Angelman Syndrome

  • I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

    I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

  • Is Your Investment A Scam? Here’s How To Tell

    Is Your Investment A Scam? Here’s How To Tell

  • Q&A: What Is An Investment-Linked Education Plan?

    Q&A: What Is An Investment-Linked Education Plan?

  • ‘I’m Still Waiting for Him to Call Me Mum’: Woman Who Left Job to Take Care of 9-Year-Old Son With Rare Angelman Syndrome

    ‘I’m Still Waiting for Him to Call Me Mum’: Woman Who Left Job to Take Care of 9-Year-Old Son With Rare Angelman Syndrome

  • I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

    I Try Tracy Lee's Hack for Egg Tarts and It's So Easy That Even Kids Can Make it

Get advice on your pregnancy and growing baby. Sign up for our newsletter
  • Pregnancy
    • Baby
    • Education
    • Events
    • Allergies & Conditions
  • Family Occasions
    • Breastfeeding & Formula
    • Child Safety
    • Health
    • Diseases-Injuries
  • Lifestyle
    • Home
    • Money
    • Feeding & Nutrition
    • Diet & Weightloss
  • Normal Delivery
    • Cesarean Delivery
    • Behaviour
    • Secondary School
    • Formula Feeding
  • Ages & Stages
    • Latching & Concerns
    • Festivals & Holidays
    • Education
    • Pre-teen & Teen
  • More
    • TAP Community
    • Advertise With Us
    • Contact Us
    • Become a Contributor


  • Singapore flag Singapore
  • Thailand flag Thailand
  • Indonesia flag Indonesia
  • Philippines flag Philippines
  • Malaysia flag Malaysia
  • Sri-Lanka flag Sri Lanka
  • India flag India
  • Vietnam flag Vietnam
  • Australia flag Australia
  • Japan flag Japan
  • Nigeria flag Nigeria
  • Kenya flag Kenya
© Copyright theAsianparent 2023. All rights reserved
About Us|Team|Privacy Policy|Terms of Use |Sitemap HTML
  • Tools
  • Articles
  • Feed
  • Poll

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

We use cookies to ensure you get the best experience. Learn MoreOk, Got it

theAsianparent heart icon
We’d like to send you notifications for the latest news and lifestyle updates.