NTU AlumniClub questionnaire

1) For Retirement expenses, do you prefer :

• To draw from normal savings

• To continue working and have a monthly income

• A stream of perpetual income from a single source

• A stream of perpetual income from multiple sources

2) How much of your monthly income do/would you save for your retirement?

• 1 ~ 5%

• 6 ~ 10%

• 11 ~ 20%

• 20% or more

3) Do you track your expenses?

• I don’t track because I don’t see the need to do so

• No need to track since I only spend on necessities

• Yes, I track my expenses to make sure I don’t overspend

• Yes, I track my expenses to maximise my spending

4) Do you like Interest-free instalment payment plans?

• Yes, so that I can slowly pay for expensive items that I like

• Yes, so that I can afford to pay for necessities that I require now

• No, I prefer to pay for something with a lump sum payment

• No, I am afraid of accumulating too much instalments unknowingly (instalment stack up)

5) How many months of back-up / emergency funds do you have?

• Zero, there is no need for that

• 1 ~ 3 months

• 3 ~ 6 months

• 1 ~ 2 years

6) We can save / invest to achieve higher returns.

What percentage of returns would you like to achieve with a commitment of 5 to 10 years?

• 1 ~ 2% per annum

• 3 ~ 5% per annum

• 6 ~ 9% per annum

• 10% and more per annum

Thinking back to the previous question, what do you think is your risk appetite?

• Low Risk

• Medium Risk

• High Risk

• Ultra High Risk

Regarding trendy investments, i.e. non-fungible tokens and cryptocurrency, how viable do you think they are to be a part of your retirement plan?

• Yes, I can fully rely on trendy investments to give better returns

• Yes, its low risk since this kind of investment is unique

• No, because MAS discourages it

• No, because it is too risky and would be difficult to liquidate

For a holistic financial plan, is insurance coverage necessary?

• Yes, insurance is a stop-loss measure

• Yes, can make money from insurance

• No, insurance does not contribute any / much value to a financial plan

• No, insurance is a scam

1)      For realistic financial / Retirement planning, one should do ABCD, where

A = Actively reviewing

B = Building early

C = Consciously investing and saving

D = Diversification