Sparks Corporation Singapore Management Services

When it comes to making financial decisions and managing your money , who do you ask for tips or advice ? We think it’s always a good idea to consult with experts, and that’s how we pulled together these bits of financial wisdom. Here are 40 money management tips from experts that you can apply to your own trading, investing, saving, and financial planning: 1. “For each investment you make, you really, really have to understand the risks that you're taking. Don't outsource that task to your financial advisor…. If you're not willing to do that work, you should just keep your money safely in a bank.” Greg Collett Formerly COO of Deutsche Bank's commodity ETF business, currently a lawyer representing defrauded investors. 2. “You must walk to the beat of a different drummer. The same beat that the wealthy hear. If the beat sounds normal, evacuate the dance floor immediately! The goal is to not be normal, because as my radio listeners know, normal is broke.”

As each New Year begins, we see a deluge of effective recommendations on how to improve financial planning . If there is anything worth mentioning in the past two decades that we have been dispensing retirement planning advice to numerous people, it is the fact that those who take a proactive stance have achieved positive results while those who failed to protect themselves with sufficient safeguards encountered disastrous results. With 2017 here, we focus on a few recommendations we consider essential in coming up with an efficient retirement planning strategy. Essential Planning Tip #1: A Retirement Plan Seek the help of a professional financial adviser to create a retirement plan for you. A retirement plan is essential in charting your course on the right path for a secure retirement future, to avoid scams and put your hard earned money into waste. If you are not a professional financial practitioner, do not do it yourself in order to avoid committing err