Wealth Planning
Conversations with experts on succession planning, a comprehensive approach to wealth planning, the benefits of writing a will, and portfolio diversification
The uncertainty still hangs in the air like a malignant cloud that refuses to move along or empty its content. Since the first quarter of 2020, the same uncertainty has produced confusion, panic, and desperation that sometimes transforms into a low-grade fever – a clear symptom that something is wrong, but what about, no one can provide a confident prognosis. But life goes on. Hoorays break out intermittently in certain camps. Tech is making a killing, property is on a rebound, retail is showing signs of revival – at least online. But every winner seems matched with more losers. Travel is at a standstill, and hospitality with it. Many businesses are sensitive to new numbers of infections that commitments are withdrawn and plans abandoned without notice. So, we decided to ask wealth managers and planners how the ongoing situation is affecting people’s views on wealth preservation and management.
And where a balanced professional opinion sits.
The recent news about life expectancy in Singapore being among the world’s highest has sparked concern among citizens and residents about having enough money to retire comfortably, says Jacky Li, and has compelled them to look into building assets and planning for their retirement. Chuin Ting Weber observes a greater interest in participating in investments that are connected to technology such as cryptocurrency and in overall trading for fast, exponential gains. Adds Ann Marie Regal: People are concerned their financial security may be threatened by inflation, increased taxes, and excessive government spending. Hope and fear on either side of a see-saw.