What is Financial Planning?

Financial Planning is the allocation of one's assets on different financial tools in order to satisfy the economic objectives for different time horizons.



There are various financial tools including investment, insurance and retirement plan:



Investment: Funds, equities, bonds, money market instruments, derivatives
Insurance: Term insurance, endowment, traditional whole life insurance, universal life insurance, investment-linked insurance
Retirement plan: Mandatory Provident Fund Scheme



Investors must contribute to and complete their financial plan with perseverance.