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In general, before you start investing, you
should first be able to identify your needs, so that you are
able to make better informed decisions.
Identify
Needs
1. Retirement (Plan
for retirement)
2. Wealth Management (Plan for wealth accumulation)
3. Savings for other
purposes (Savings for education/Save
for short term, eg. Deposit for home/Save for medium term,
eg. Early mortgage repayment)
4. Family income
protection (Protect family and/or assets in the event
of death)
5. Disability income protection
(Cover for old age disability/Cover for loss of income due
to illness or accident)
6. Medical and ancillary cost (Cover
for hospitalisation expenses and major illnesses)
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