Achieving the Highest Probability of Success in Money and Life (S3E22)

As a trusted adviser to our affluent clients for over two decades, our Founder and CEO, Christopher, was recently invited to Guangzhou, where he had the opportunity to speak with Chinese government officials and financial institutions. During his visit, Chinese stocks rose by 5.93%, driven by the government’s pledge of fiscal stimulus, only to retreat by 7.05% the following day—a phenomenon we might call a market frenzy.

In this week’s Money Wisdom episode, our co-host Amelia from the Brand Experience Team chats with Chris about his own experience getting caught up in short-term market trends and how he lost a significant sum in the ’90s.

At Providend, we prioritise understanding clients’ life goals and major milestones before focusing on financial objectives and selecting suitable instruments. We call these Ikigai goals, and Chris walks us through a case study of John and Amy, a couple in their 50s, who are seeking guidance on retirement, estate, and legacy planning.

Read more about Ikigai here: https://providend.com/how-to-make-lif...

Timestamp:
01:52 Discussing impulsive trading and the market frenzy in China.
04:27 Lessons from the '90s IPO frenzy.
06:58 Helping clients stay focused on long-term goals.
10:21 Case study on aligning financial decisions with life goals.
15:24 Christopher's Ikigai.
20:39 Three factors on why clients trust Providend these two over decades

You can read Chris’ article in The Business Times on this topic here: https://providend.com/8-steps-highest...

Stay tuned for our next episode, where Chris interviews Richard, CEO at TÜV SÜD PSB ASEAN, our client of 17 years to date!

Music courtesy of ItsWatR.

The host of this episode, Amelia Wong, is the Senior Content & Digital Marketing Executive at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.

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