Me & My Money: Weaving a safety net through CPF and insurance

Mr Alvin Yeo, a director of financial services at Great Eastern Financial Advisers, says it is useful to know the influences or biases that may impact you while investing, from herd mentality to being averse to loss.
Mr Alvin Yeo, a director of financial services at Great Eastern Financial Advisers, says it is useful to know the influences or biases that may impact you while investing, from herd mentality to being averse to loss. ST PHOTO: MARK CHEONG

Alvin Yeo guards against worst-case scenarios first before focusing on growing his wealth

When people think of investments, growing their wealth first comes to mind, but, for Mr Alvin Yeo, building his financial safety net is the first priority.

Mr Yeo, 38, a director of financial services at Great Eastern Financial Advisers, beefs up his insurance and makes regular contributions to his Central Provident Fund (CPF) accounts to ensure that he guards against worst-case scenarios.

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A version of this article appeared in the print edition of The Sunday Times on September 13, 2020, with the headline 'Weaving a safety net through CPF and insurance'. Print Edition | Subscribe