Ringgit and Sense

Filing for bankruptcy can feel like you’ve hit the financial equivalent of rock bottom. While it does wipe out your old debt, bankruptcy is a mark on your credit record and it can affect one’s emotional and mental health as well. But it is important to remember that bankruptcy is not the end of the road and there are ways to get out of it. Nirmala Subramaniam of AKPK and licensed professional counsellor Heeran Kaur speaks to Sim Wie Boon on this.

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People are living longer than ever, thanks to modern medicine and advances in technology but this has brought about a new dilemma as children born of older parents are often faced with an unexpected cost down the road: becoming a young caregiver. Taking care of your parents is not an easy role. And even if you're not the one directly providing the care, it can lead to emotional and financial stress. In conjunction with International Day for Older Persons, Sim Wie Boon speaks to Rajen Devadason of RD WealthCreation and Linnet Lee of FPAM to get their advice on how to budget for the care of your elderly, what are the considerations and why is this important.

Also, for more information on Malaysia Financial Literacy Month and other related events, please refer here https://smartfinance.my/, here https://www.investsmartsc.my/, and here https://worldfpday.org/global-events/

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Key highlights from our Ringgit and Sense webinar touching on the importance of investing, how it fits in with your financial planning, the types of asset classes to choose from, and some tips on how to pick stocks.

For the full conversation, check out the FB Live session here:

https://www.facebook.com/BFMradio/videos/536760667585566

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What are some of the financial planning lessons to take away from the pandemic? How do you build yourself back up after losing your savings and what are the common mistakes made during the financial crisis triggered by Covid-19? Should you have taken the moratorium or even dip into your EPF? Licensed financial planner Joyce Chuah answers all these questions and more with Sim Wie Boon on this episode of Ringgit and Sense.

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The rise of robo-advisors has taken the world by storm and grown in popularity especially with millennials and Gen Z. But as exciting as this development has been, is it the be all, end all financial solution? What of the human touch? Sim Wie Boon speaks to licensed financial planner Yap Ming Hui of Whitman Independent Advisors for his views on the limitations of robo-advisors and how to better integrate it into your investment portfolio.

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What is Financial Independence or Financial Freedom? Are they basically fancy words for retirement? Roshan Kanesan gets into all this and more with writer Aaron Tang, founder of Mr-Stingy.com, and Stephen Yong, Licensed Financial Planner with Wealth Vantage Advisory. Roshan also explores their views on how to achieve financial freedom, thoughts on the FIRE movement and the 4% rule, and ‘Why Retire Anyway?’.

Other episodes to check out:

> 5 Steps To Jumpstart Your Retirement Planning

> No Risk, No Retirement?

> Wealth Protection, Accumulation, And Distribution: What, Why, And How?

> Mr. Money TV On Retirement Planning, Compounding, and Mistakes

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Balancing your portfolio means setting up a portfolio that fits your individual risk tolerance and investment goals. But it isn't enough to just "set it and forget it." You also need to make sure your portfolio stays balanced, which is known as rebalancing. Roshan Kanesan explores the importance of asset allocation and portfolio rebalancing with Rajen Devadason, Licensed Financial Planner with Manulife Investment Management Malaysia Berhad. Among other things, they get into the Rule of a 110, methods of rebalancing, common mistakes, and whether events like a market crash should trigger us to rebalance.

Other episodes to check out:

> Bitcoin and Roboadvisors: How Do They Fit In A Portfolio?

> Why Do You Need Different Assets In Your Portfolio?

> Is Gold Still A Stock Market Hedge?

> 5 Things You Should Know Before Buying A Stock

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Buy and Hold is simple, but can go incredibly wrong as investors of Enron or Blockbuster Video would know. And with current stock market valuations bringing back Dotcom parallels, some are worried that the next bubble pop could be around the corner.

Roshan Kanesan dives into how to invest for the long term with fund manager Jack Kouzi, Director of Australian Financial Services Licensee VFS Group.

They get into not just surviving the bubbles but also thriving regardless of where markets are heading or how volatile things get.

Other episodes to check out:

> Why Does The US Federal Reserve Matter To Malaysians?

> 5 Things You Should Know Before Buying A Stock

> Fund Manager’s 5 Key Investing Lessons From 2020

> Mr Stingy's 10 Investing Principles

> How To Invest While Managing Anxiety?

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What should you watch when looking at bank stocks?

When it comes to the stock market investing, the banking sector can be an attractive one for a variety of reasons including yield, but not all banks are created equal, so as a budding, rising, or experienced investor, what should you watch when looking at banking stocks?

Roshan Kanesan explores this with Liew Wai Hoong, Banking Analyst with RHB Research. They get into the main income drivers of a bank, the key financial metrics and factors to watch, and whether banks are for dividends, capital gains, or both.

Other episodes to check out:

> 5 Things You Should Know Before Buying A Stock

> How To Analyse And Choose Good REITs

> How To Analyse Property Stocks In Malaysia

> Fund Manager’s 5 Key Investing Lessons From 2020

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Insurance is a vital pillar of personal finance, but what if for some reason, you can’t get insurance? How does this change your financial planning, and more importantly, how do you then prepare and protect yourself? Roshan Kanesan explores this with VP Thanga, Executive Director and Licensed Financial Planner, with Blueprint Planning.

Other episodes to check out:

> Life & Health Insurance: What, Why, And How Much?

> Wealth Protection, Accumulation, And Distribution: What, Why, And How?

> 5 Steps To Jumpstart Your Retirement Planning

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