Tuesday, January 8, 2013

A client many years ago

I remember a client while I was selling life insurance many years ago. He was a professional engineer with Singapore Power earning $150,000 per annum in his late 40s. In his portfolio, I understand that he has a cash savings of $200,000, CPF savings of $150,000. In my opinion, he is cash rich, income rich but asset poor.

Instead of cash rich, I hope I can load up my ship with good quality asset rather than cash. I am waiting patiently and faithfully for that day to come.

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