Discuss questions, comments and feedback about the Wealth Manager tool

• saving limitations?
• Posted: 2009-05-28 09:46:29 SGT By Jennifer
• I am saving my simulations, but somehow, I cannot save more than 5 plans. Is that normal?
  
  I would like to be able to make several plans with different scenarios, and a couple of plans for my children.
  
  Thx

• Re: saving limitations?
• Posted: 2009-05-28 10:54:47 SGT By tycho
• Hi Jennifer,
  
  You are indeed limited to saving 5 plans maximum. I suggest that you create additional logins for your children to make their plans, can?
  
  Cheers

• Alternative Use?
• Posted: 2009-02-25 22:15:42 SGT By Bryan
• Could the wealth manager simulation be done for just mortgage payments? I'm thinking it would be useful for people to have such a tool so that they won't buy a flat above their means. The tool would be similar to the investment simulation except that it would be done just for mortgage payments (e.g. if a person loses his/her job or experiences a pay cut, what will happen to his/her ability to pay the mortgage payments)
  
  

• Re: Alternative Use?
• Posted: 2009-02-26 08:54:36 SGT By tycho
• Hi,
  
  If I understand correctly, your question can be divided in two parts:
  
  1. how to use the wealth manager be used to understand mortgage payments?
  
  2. Can the wealth manager be used for scenario analysis related to the mortgage payments to cover all the risks (pay cut, retrenchment, ...)
  
  
  I believe the answer lies in the Prosperity Planner rather than in the Wealth Manager. The best way to simulate the above two points, is to do the following:
  
  1. Open the Financial Snapshot in the Prosperity Planner (http://www.prosperitypersonal.sg/community/prosperity-planner)
  
  2. Fill in your income / spouse income
  
  3. Use the expenses icon to fill in your household expenses. The result will give you your savings
  
  4. Now drag and drop the property you want to buy, the financial snapshot will immediately give you two important figures: The monthly mortgage repayment and the total savings after repaying for your mortgage
  
  5. Now re-open the income tab, and simulate a pay-cut of 10%, you will immediately know if you can make it or not (the savings part should stay positive)
  
  I hope this answers your question, feel free to ask some more.
  
  Thanks for using our tools, keep it up !
  
  
  

• Monthly Investments: Increase per annum
• Posted: 2009-02-09 18:34:08 SGT By shenyan1206
• Hi
  
  We had some feedback about the parameter 'Increase per annum' under the Monthly Investments tab and what the difference is with the return per annum.
  
  Basically, the return per annum is the return on your invested portfolio. Typically, stocks have a return around 8% per annum.
  
  The Increase per annum parameter is the increase on your monthly investments to your portfolio. This is to reflect the increase in salary that you will probably get in the future, hence you expect to save more and invest more per month in future years.
  
  Cheers

• Forum Launch
• Posted: 2009-02-09 18:29:55 SGT By tycho
• Hi all,
  
  We herewith inaugurate our forum where you can discuss the Wealth Manager, its features, questions about its use, and request additional features ! :-)
  
  Cheers