Can you trust your insurance company?

Can you trust your insurance company on the following:

a) give you a fair deal?
b) keep your cost low?
c) handle your insurance claims fairly?
d) give you the best possible return?

Your insurance company can be trusted only if:

a) it operates efficiently
b) keeps its cost low
c) gives a fair deal to customers
d) communicates openly with you
e) makes it convenient for you to reach the right people
f) does not lock you up in a long term contract with termination penalty

The trustworthy insurance company can still make a fair profit for its shareholders, but this is done by giving good value to its customers (and not by "creaming off" the customers).

Invest for the long term

Hi Mr. Tan,
As current market was already so volatile, some says that this time around may be the bottom, and even predicted that stock market will surge, like in this article: http://www.reuters.com/article/hotStocksNews/idUSN0732951420080323.
What is your opinion about this?

REPLY

If you are investing for the long term, the current level is a good time to make the investment. It is now 30% below the previous peak.