Providend's Money Wisdom
Episodes
S2E23: The Brain Behind - How Does Your Wealth Adviser Value-Add Beyond Providing Monetary Incentives?
28 Aug 2023
Contributed by Lukas
In this fast-paced financial landscape where businesses are in pursuit of faster revenue, interactions between wealth advisers and clients are highly ...
S2E22: Why an Investment Expert Would Be Willing to Pay for Wealth Advice Ft. Dr Wei Dai from DFA
21 Aug 2023
Contributed by Lukas
"When you say people get free advice here, I laughed because in the end when you think about how this world works, nobody works for free. So you are p...
S2E21: Managing the Sandwich Generation Stress: Finances, Emotional and Time
14 Aug 2023
Contributed by Lukas
Recession, the pandemic and shifting demographics are intensifying the pressures on the ‘sandwich generation’ – those taking care of both t...
S2E20: All You Need to Know About Estate Distribution, Estate Creation & Estate Preservation
07 Aug 2023
Contributed by Lukas
Estate planning is an essential component of both life and wealth planning that is often overlooked. Neglecting this critical aspect can lead to dire ...
S2E19: The Brain Behind – The Futility of the Active Versus Passive Debate
31 Jul 2023
Contributed by Lukas
As we appear to take a 'passive' approach to investing by not doing the typical tactical asset allocation (TAA) or market timing approach, many seem t...
S2E18: Fed Rate Hikes, Growth vs Value, AI Megatrends: How Should You Invest in 2H 2023?
24 Jul 2023
Contributed by Lukas
In the past quarter, we have seen multiple trends emerging in the investment market, most notably the buzz around artificial intelligence (AI). Many i...
S2E17: A Step-By-Step Guide to Planning for Your Child’s Tertiary Education
17 Jul 2023
Contributed by Lukas
The total cost of university education can range from $100,000 to $1 million in SGD today, depending on many factors such as country, university, acad...
S2E16: All You Need to Know About End-of-Life Planning
10 Jul 2023
Contributed by Lukas
*Due to unforeseen circumstances, we will be postponing the episode on Investment-linked policies to a later date. Do keep a look out for it in the co...
S2E15: The Must-Have Insurance at Different Stages of Your Life
03 Jul 2023
Contributed by Lukas
One of the most challenging aspects of insurance planning is determining how much coverage you need. Buy too little insurance and you won’t have eno...
S2E14: The Brain Behind – Mitigating the Conflicts of Interest in the Financial Advisory Industry
26 Jun 2023
Contributed by Lukas
Did you know that back in 2013, a panel set up to review the financial advisory industry has rejected an outright ban on commission for financial advi...
S2E13: A Lawyer’s Perspective: Is Wealth Advice Worth Paying For Ft. Lee Soo Chye from Wee Swee Teow LLP
19 Jun 2023
Contributed by Lukas
"There have been many bad money decisions because I know how to buy (stocks) but I don't know how to sell!"In many industries like healthcare and lega...
S2E12: How to Optimise CPF as Part of Your Overall Wealth Plan
12 Jun 2023
Contributed by Lukas
Are you making the most of your CPF account? In this episode, Isaac discusses the strategies for optimising your CPF accounts and integrating them int...
S2E11: What Investors Need to Know About Private Equity
05 Jun 2023
Contributed by Lukas
Aside from conventional investment assets like stocks and bonds, there are other alternative investments that investors can consider. Among these, inv...
S2E10: The Brain Behind – Do Not Use Money Meant to Fight Inflation in the Long Term to Mitigate Inflation Now
29 May 2023
Contributed by Lukas
With all the buzz surrounding Singapore Treasury Bills (T-Bills) over the past 18 months due to its rising yields, our CEO, Christopher Tan, took the ...
S2E9: The Mindset of a DIY Investor Who Achieved FI by Age 38 Ft. Investment Moats
22 May 2023
Contributed by Lukas
We all know Kyith as the brain behind Investment Moats, Singapore's most well read financial blog, but how much do we know about his motivations and m...
S2E8: Our Pursuit of the Perfect Portfolio for Long-Term Investors
15 May 2023
Contributed by Lukas
With so many new and exciting investment products on the market now, how do you assess which are suitable to be included in your portfolio? In th...
S2E7: The Way Providend Invests for Our Clients
08 May 2023
Contributed by Lukas
In a competitive investment environment where everyone blindly strives for the highest return, Providend firmly believes that our client's needs drive...
S2E6: The Brain Behind – Achieving Contentment Is the Greatest Gain
01 May 2023
Contributed by Lukas
In celebration of his 25 years in the financial industry, our CEO, Christopher Tan shared an epiphany he experienced 2 years after the Global Financia...
S2E5: 4% Rule, Dividend Investing, RetireWell™ - Which Spending Strategy Is Best for Retirees?
24 Apr 2023
Contributed by Lukas
Making the shift from a saver (while you accumulate) to a spender (while you retire) can be a surprisingly hard part of retirement.In this episode, Is...
S2E4: Amidst the Banking Crisis, Should We Be Worried?
17 Apr 2023
Contributed by Lukas
Local bank stocks slumped in mid-March amid fears of wider financial contagion globally from the collapse of Silicon Valley Bank (SVB) as well as Cred...
S2E3: Be Financially Woke Ft. The Woke Salaryman
10 Apr 2023
Contributed by Lukas
4 years ago in 2019, The Woke Salaryman was set up with the intention of helping Singaporeans make better financial and life choices through education...
S2E2: The Past, Present, and Future of Providend
03 Apr 2023
Contributed by Lukas
22 years ago, a group of like-minded people with a conviction to provide conflict-free wealth advice to their clients came together and founded Provid...
S2E1: Meet Your New Co-host, Isaac Ong!
27 Mar 2023
Contributed by Lukas
Here comes the FIRST episode of Providend’s Money Wisdom Podcast Season 2!In this episode, you will get to know more about your new co-host - Isaac ...
S1E50: Two Sides of the Money Equation
27 Jan 2023
Contributed by Lukas
“Focusing on the correct side of your money equation will help you not only be financially successful, but also help you finish well in life.”In t...
S1E49: Legacy Planning for Business
13 Jan 2023
Contributed by Lukas
“What would happen to my firm, Providend, and my loved ones if I did not make it home?”In this episode, I will share the two main concerns of busi...
S1E48: From Cradle to Mortarboard
30 Dec 2022
Contributed by Lukas
In this episode, I will share a major flaw in how many parents plan for their child's education and his advice on three important questions ...
S1E47: Planning for Your Child's Education
16 Dec 2022
Contributed by Lukas
In this episode, I will walk you through some of the major considerations of tertiary education in terms of the cost, available courses, education sys...
S1E46: Money Coaching: A Key Ingredient to Financial Success
02 Dec 2022
Contributed by Lukas
In this episode, I will detail the eight money archetypes and why it is essential to find out more about these unconscious patterns, beliefs and behav...
S1E45: Relearning Insurance and More
25 Nov 2022
Contributed by Lukas
In this episode, I will once again delve into issues regarding insurance and investment management to emphasise the significance of having these two a...
S1E44: Fee-Only Wealth Advisory Practice
18 Nov 2022
Contributed by Lukas
In this episode, I will revisit the conviction of our founding members in birthing Providend as a fee-only wealth advisory firm in 2001 and how we hav...
S1E43: The Philosophy of Profitability of Wealth Management Firms
11 Nov 2022
Contributed by Lukas
In this episode, I will share our philosophy of profitability and why we have transited to using low-cost instruments such as ETFs, index funds and ev...
S1E42: The Wealth Management Minefield
04 Nov 2022
Contributed by Lukas
In this episode, I will share the relationship between the 3 industry players and why most distributors will get you to buy plenty of products, someti...
S1E41: Effects of a Fast Food Nation
28 Oct 2022
Contributed by Lukas
In this episode, I will reflect upon the operating processes of the financial planning and wealth management sector as compared to that of fast food p...
S1E40: An Advisory Service or a Sales Business
21 Oct 2022
Contributed by Lukas
In this episode, I will explain the key differences between an advisory service and a sales business, considering the compensation, the way of prospec...
S1E39: The 6 Distinct Stages of Retirement
14 Oct 2022
Contributed by Lukas
In this episode, I will share The New Retirement Mindscape II Study conducted by Ameriprise Financial Inc. in 2010 to understand the retirement journe...
S1E38: Retirement Planning Beyond the Wealth Aspect
07 Oct 2022
Contributed by Lukas
In this episode, I encourage all of us to first make a life decision and let our wealth decisions follow it. By doing so (and not the opposite!), our ...
S1E37: Invest Right and Just Stay Invested
30 Sep 2022
Contributed by Lukas
In this episode, I will explain how retirees can make the investment strategy we have shared in the past few episodes work to get the expected returns...
S1E36: A Lifetime of Reliable Income Stream
23 Sep 2022
Contributed by Lukas
In this episode, I will share a very important role of CPF LIFE in retirement planning -- to provide retirees with a reliable income stream regardless...
S1E35: The Best Way to Get Investment Returns
16 Sep 2022
Contributed by Lukas
In the event of mismanagement of their retirement monies, retirees might not be able to accumulate sufficient sums for their retirement again because ...
S1E34: How to Invest for Your Retirement
09 Sep 2022
Contributed by Lukas
In this episode, I will explain why we use index funds by looking at the risks and costs involved, as well as its alignment with Providend’s plannin...
S1E33: Securing a Reliable Income Stream - The Six Buckets
02 Sep 2022
Contributed by Lukas
In this episode and the upcoming ones, I will introduce you to our proprietary retirement planning methodology - RetireWell™, and how it ensures our...
S1E32: Is Your Financial Adviser Worth His Salt?
26 Aug 2022
Contributed by Lukas
In this episode, I will share a list of works you should (at least) expect from your wealth adviser who is helping you with your investments.The host,...
S1E31: The Ongoing Debate of Active vs Passive
19 Aug 2022
Contributed by Lukas
In this episode, I will share the main problem associated with actively managed funds and why we have transited to mainly using ETFs, index funds, and...
S1E30: Don't Bet Your Entire Farm on Commodities
12 Aug 2022
Contributed by Lukas
In this episode, I will explain what fundamentally drives the prices of commodities and shares a practical strategy one can undertake when deciding to...
S1E29: "Benchmarking" Hedge Funds
05 Aug 2022
Contributed by Lukas
In this episode, I will share the 6 key problems with hedge fund indices and explains why Providend has stopped using hedge funds for our clients sinc...
S1E28: Don't Use Short-Term Information to Make Long-Term Decisions
29 Jul 2022
Contributed by Lukas
In this episode, I will explain the main driver of long-term stock market returns and why yield curve inversion is not a very reliable tool for predic...
S1E27: Investing Is Not Just About Returns
22 Jul 2022
Contributed by Lukas
In this episode, I will share a few useful and proven ways we can deal with the risks in investments to ensure that we can sleep peacefully every nigh...
S1E26: How to Invest Towards Your Financial Goals
15 Jul 2022
Contributed by Lukas
In this very important episode, I will use 3 case studies to take you through the 7-step process of investing in which more than half of it is risk re...
S1E25: Learning Investing Through the Mountain Experience
08 Jul 2022
Contributed by Lukas
In the last episode, I shared 5 interesting investment lessons we can learn from football. This week, I'll share my learnings as I braved through the ...
S1E24: What Has Investing Got to Do with Football?
01 Jul 2022
Contributed by Lukas
In this episode, I will share 5 interesting investment lessons we can learn from football and why, if you understand football, you will have no proble...
S1E23: Will the Real Trustee Please Stand Up?
24 Jun 2022
Contributed by Lukas
In this episode, I will explain the responsibilities of a trustee and why it is so important for a trustee to understand the beneficial organisation’...
S1E22: Making Money from Death
17 Jun 2022
Contributed by Lukas
In this episode, I will share my professional insights on viatical and life settlements, explaining the problem with these products in terms of ethica...
S1E21: The Price of Wanting Quick Solutions
10 Jun 2022
Contributed by Lukas
In this episode, I reflect on how foolish my decision would have been if I followed the “popular and easy” approach that many embraced after the 2...
S1E20: In Crisis, Do the Right Thing
03 Jun 2022
Contributed by Lukas
In this episode, I will explain why we remained largely invested and continued to encourage our clients to buy in slowly even when the markets were fa...
S1E19: How Best to Weather the Storm
27 May 2022
Contributed by Lukas
In this episode, I will share 3 situations you might be placed under during a market downdraft, and the important decisions you might have to make to ...
S1E18: Don't Ever Give Up
20 May 2022
Contributed by Lukas
In this episode, I will share the impact of the top 10 stock market crashes in history and my sincere advice to the investors and advisers out there w...
S1E17: Lessons from a Trip Down Memory Lane
13 May 2022
Contributed by Lukas
In this episode, I will share what we can learn from the stock market history and my professional advice on how we should invest amidst the current fa...
S1E16: Chasing Returns in the Retirement Game
29 Apr 2022
Contributed by Lukas
In this episode, I hope to stress that both phases in retirement planning - accumulation and consumption, are equally important to secure retirement a...
S1E15: FAQs on CareShield Life
22 Apr 2022
Contributed by Lukas
In this episode, I will answer some frequently asked questions on the features and concerns of CareShield Life.The host, Christopher Tan, is Chief Ex...
S1E14: CareShield Life in Insuring Against Severe Disability
15 Apr 2022
Contributed by Lukas
In this episode, I will share the key differences between two severe disability insurance schemes - ElderShield and CareShield Life, in helping Singap...
S1E13: CPF LIFE in Managing Longevity Risk
08 Apr 2022
Contributed by Lukas
In this episode, I will further elaborate on CPF LIFE - the national annuity plan which provides a way out of the longevity risk that retirees face wi...
S1E12: Understanding CPF
01 Apr 2022
Contributed by Lukas
In this episode, I will highlight the key principle governing CPF and shares about the Minimum Sum Scheme, CPF LIFE as well as the hottest debate in 2...
S1E11: Retiring in Singapore?
25 Mar 2022
Contributed by Lukas
In this episode, I will share the resources available to fulfil the three basic needs in our retirement age - a house to stay in, medical expense insu...
S1E10: On Investment-Linked Policies
18 Mar 2022
Contributed by Lukas
In this episode, I will share the key considerations you should take into account if you own an Investment-Linked Policy given its insurance charges t...
S1E9: Will a Medical Crisis Break You and Your Family?
11 Mar 2022
Contributed by Lukas
In this episode, I will share how you can be adequately covered to ensure zero or low out-of-pocket expenses during a medical crisis, and to allow you...
S1E8: The Sales Tactics Behind Whole Life Plans
04 Mar 2022
Contributed by Lukas
In this episode, I will present one common tactic used to simplify the way to pay estate duty - use of whole life plans. If you're an investor of fore...
S1E7: Insurance as Savings? Think Again
25 Feb 2022
Contributed by Lukas
In this episode, I hope to dispel a myth that many have believed for a long time - that insurance is a good instrument to accumulate wealth.The host, ...
S1E6: Realisations of a Financial Adviser
18 Feb 2022
Contributed by Lukas
In this episode, I will be explaining the types and durations of our insurance needs as well as how we can prioritise one over another given our limit...
S1E5: Confessions of a Financial Adviser
11 Feb 2022
Contributed by Lukas
In this episode, I will share the comparison on how every dollar of premiums you pay is being used between whole life and term insurance.The host, Ch...
S1E4: The Case for Term Insurance
04 Feb 2022
Contributed by Lukas
In this episode, I will share the reasons why we have been emphasising so much on using term insurance despite the absence of a maturity benefit - one...
S1E3: The Basic Principle of Insurance Planning
28 Jan 2022
Contributed by Lukas
Insurance should be used strictly for life protection. In most instances, it is a temporary need, the only exception is probably medical expense insur...
S1E2: Are You Financially Fit?
21 Jan 2022
Contributed by Lukas
In this episode, I will lists down 6 financial health markers you can use to check your financial condition and the practical ways to stay financially...
S1E1: What Can You Expect from This Podcast?
14 Jan 2022
Contributed by Lukas
In the very first episode, I will be sharing my objectives of publishing the Money Wisdom book back in 2019 and an overview of its content flow so you...