22 the blue and gold

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23the blue and gold

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ask the financial expertsA special feature brought to you by Prudential

This issue, we ask Mr Peter Tan, Group Financial Services Director for Prudential Assurance Company Singapore (Pte) Ltd, on his advice for the following questions.

1. I have little experience in investing. Are index funds the best type of funds to buy?

An index fund is a fund which emulates the per-formance of a specific market. For example, a Sin-gapore Index Fund will track the performance of the Singapore stock market. Thus, an index fund is usually broadly diversified within a country. How-ever, it has a specific country risk. For example, if

you have bought into a country index fund and the country goes bankrupt, the risk would be immeasur-ably high.

The issue as to whether index funds is the best type of fund to buy depends on the risk appetite of the investor.

2. I would like to be a businessperson in the future. What type of training does Prudential provide for me that I can leverage on towards my goals?

Prudential Singapore provides training for individu-als to become professional Financial Consultants. There are also courses on soft skills, such as per-sonality profiling, coaching skills and counseling, which are useful to those who would like to pursue a management career.

Prudential Financial Consultants earn commissions. This job helps individuals to develop their entre-preneurial skills. It is perhaps the lowest capital risk opportunity where setting up a business is con-cerned. You must always begin with an end in mind - what do you want and what can you learn from the company? It is a known fact that in order for you to be successful, you need to have the right timing, suitable environment and right people to assist you. Thus, it is critical to find the right company with the best mentor who will nurture and develop you to be a businessperson.

Have a question for Prudential? Send it to us at pubcomm@sa.smu.edu.sg.

The information, opinions and statements regarding index funds above are expressly those of the author, and do not necessarily represent those of Prudential Assurance Singapore (Pte) Limited.

Always listening. Always understanding.

We listen. And we understand arebellious attitude can sometimeshide a caring heart.

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