×
Explore Sun Life Financial Worldwide
Regions
Worldwide www.sunlife.com
Canada
www.sunlife.ca
www.mcleanbudden.com
www.sunlifeglobalinvestments.com
China
Hong Kong, SAR
India
www.birlasunlife.com
www.sunlife.com/asiaservicecentre
Indonesia
International
Ireland
Malaysia
Philippines
www.sunlife.com.ph
www.sunlifegrepa.com
www.sunlife.com/asiaservicecentre
Singapore
United Kingdom
United State
www.sunlife.com/us
www.mfs.com
Vietnam
Search:
Search:
LOGIN
Best Doctors
SunAccess agent login
SunAccess customer login
Sun Advisor Management login
CGB Treasury Advisor
How to file a claim
SunAccess Client Login
Malaysia | EN
LOGIN
Best Doctors
SunAccess agent login
SunAccess client login
Sun Advisor Management login
CGB Treasury Advisor
About Us
About Us
Who Are We
Overview
Corporate Governance
Financial Statement
Leadership
Board of Directors - Assurance
Board of Directors - Takaful
Management Team
Shariah Committee
Awards and Recognition
2023
2022
2021
2020
2019
2018
2017
2016 - 2013
Newsroom
In the News
Media Release
Photo Gallery
Sustainability
Sustainability
Value-Based Intermediation for Takaful (VBIT)
Anti-Bribery and Anti-Corruption Guidelines
Whistleblowing Guidelines
About Us
Who Are We
Overview
Corporate Governance
Financial Statement
Leadership
Board of Directors - Assurance
Board of Directors - Takaful
Management Team
Shariah Committee
Awards and Recognition
2023
2022
2021
2020
2019
2018
2017
2016 - 2013
Newsroom
In the News
Media Release
Photo Gallery
Sustainability
Sustainability
Value-Based Intermediation for Takaful (VBIT)
Anti-Bribery and Anti-Corruption Guidelines
Whistleblowing Guidelines
Plans
Plans
Protection Needs
Investment-linked Funds
Fund Information
Fund Pricing
Fund Performance Report
Fund Fact Sheet
Unit Price Calculator
Universal Life Fund
Monthly Crediting Rate 2024
Monthly Crediting Rate 2023
Monthly Crediting Rate 2022
Monthly Crediting Rate 2021
Monthly Crediting Rate 2020
Plans
Protection Needs
Investment-linked Funds
Fund Information
Fund Pricing
Fund Performance Report
Fund Fact Sheet
Unit Price Calculator
Universal Life Fund
Monthly Crediting Rate 2024
Monthly Crediting Rate 2023
Monthly Crediting Rate 2022
Monthly Crediting Rate 2021
Monthly Crediting Rate 2020
Campaigns
Campaigns
#LEGACY
Live Healthier Lives
Brighter Health Screening Programme 2023
Brighter Wellness Programme 2023
Sustainability Talk Show
Did You Know Series
InsureLit Campaign
Match Menang Stress Hilang
Takaful Podcast
Campaigns
#LEGACY
Live Healthier Lives
Brighter Health Screening Programme 2023
Brighter Wellness Programme 2023
Sustainability Talk Show
Did You Know Series
InsureLit Campaign
Match Menang Stress Hilang
Takaful Podcast
Life Moments
Life Moments
Learn & Plan
Health For Life
Money Matters
Social Responsibility
Bright Facts
Rewarding Retirement
The life stages chart
Discover our Client Stories
Overview
Life Moments
Learn & Plan
Health For Life
Money Matters
Social Responsibility
Bright Facts
Rewarding Retirement
The life stages chart
Discover our Client Stories
Overview
Client Care
Client Care
Make a claim
Submission
Panel hospitals
Make a payment
Overview
Credit/Debit card
Direct debit - CIMB Bank
Direct debit - other banks
Standing instruction
One time payment
Online Banking
Make a service request
Insurance
Takaful
Outstanding Document Submission
Downloads
Client charter
Treat clients fairly charter
Frequently asked questions (FAQs)
Services Tax
e-Payment
Guide to Investment-linked
Sanctioned Countries
TIPS Brochure by PIDM
Profit Equalisation Reserve (PER)
Medical Rate Revision
Glossary
General FAQ
Terms and Conditions / Guidelines
COVID-19 Updates
Deferment of Premium / Contribution Payment
Fraud and Cybersecurity Awareness
Client Care
Make a claim
Submission
Panel hospitals
Make a payment
Overview
Credit/Debit card
Direct debit - CIMB Bank
Direct debit - other banks
Standing instruction
One time payment
Online Banking
Make a service request
Insurance
Takaful
Outstanding Document Submission
Downloads
Client charter
Treat clients fairly charter
Frequently asked questions (FAQs)
Services Tax
e-Payment
Guide to Investment-linked
Sanctioned Countries
TIPS Brochure by PIDM
Profit Equalisation Reserve (PER)
Medical Rate Revision
Glossary
General FAQ
Terms and Conditions / Guidelines
COVID-19 Updates
Deferment of Premium / Contribution Payment
Fraud and Cybersecurity Awareness
Contact Us
Contact Us
Contact info
Enquiry form
Careers
Become an Advisor
Be An Insurance Specialist
Contact Us
Contact info
Enquiry form
Careers
Become an Advisor
Be An Insurance Specialist
How to file a claim
SunAccess Client Login
Explore Sun Life Financial Worldwide
Home
Life Moments
Learn & Plan
Money Matters
4 things you can do to grow and protect your money during a pandemic - 1 April 2021
Share:
Money Matters
Life Moments
Learn & Plan
Health For Life
Money Matters
Social Responsibility
Bright Facts
Rewarding Retirement
The life stages chart
Discover our Client Stories
1 April 2021
By Lace Llanora
4 things you can do to grow and protect your money during a pandemic
Many of us today are concerned about our health and finances. Financial upheaval and health concerns caused by COVID-19 raises a lot of questions on how we should navigate during this time of distress and uncertainty. You must be wondering whether is it wise to
save or invest during this pandemic.
Below are 4 steps you can take to help ease your worries and allow you to take action and focus on what you can control.
1. Acknowledge the situation but avoid emotional decisions
The prices of your investments may be significantly lower today than it was before COVID-19 happened. It’s a bitter reality but something you must acknowledge by understanding where you are today to allow you to review the pros and cons of different options before making the best decision for your future.
When pandemics or other similar crisis happens like the 2008 financial crisis, sometimes, the best thing to do is nothing. Unless you consider yourself an investing expert, the last thing you want is to realise an actual loss when you sell your investments at an unfavorable price.
While each market downturn is unique, take time to review the difference between paper and actual loss. When the market is down, most investors do not lose real money. What they have is an unrealized loss or paper loss.
Fund managers will know what to do during crisis. If you have invested in mutual funds, let the experts navigate through the risks and opportunities during this pandemic.
2. Review your risk tolerance
When it comes to investing for your future, every person has a different propensity for risk. You need to understand how much risk you are willing to take and which types of risk worry you most. According to Michael Manuel, Chief Market Development Officer of Sun Life Asset Management, it is easy to have high self-esteem and take more risks when the market is performing well. It is possible that during a bull market, an investor will invest more and over-extend their position than what they are really capable of.
Now that we are in a crisis, it is a good time to review your true ability to take risks. This is also the reason why working with a financial advisor is essential. A financial advisor can help assess your individual risk profile based on the risk you are willing to accept. Overestimating (and underestimating) your risk profile can be a costly mistake.
3. Maintain your good financial habits
Experts recommend having and sticking to a routine even during times when confined at home. Not only does this benefit our mental health but our sense of productivity as well.
When it comes to finances, a pandemic should not be an excuse to throw perfectly good money habits such as having a
budget
, mindful spending, and regular investing. Continue to build an emergency fund and set up a recurring transfer to a savings account that you can easily access in the event that you need the funds.
Implementing and maintaining good financial habits will better position you to weather this, as well as any future storms.
4. Top-up your investments if you have cash
If you're financially secure with some extra cash, you can consider buying stocks that have fallen due to the crisis. Take this opportunity to accumulate and grow your investments. According to Michael Manuel, Chief Market Development Officer of Sun Life Asset Management, your worst performing funds can be the best performing funds tomorrow. The longer we wait for market recovery, the farther behind we become in riding it.
It is also important not to invest more than you can. There's one golden investment rule that you should always keep in mind: never invest money that you can't afford to lose.
Don't let fear steer you away from your investment plans. Instead, prepare to take this rare chance to review your priorities and find opportunities to improve your financial position for the future or for when the next crisis hits.
To better manage your personal finances, talk to our
advisor
and let them help you plan ahead for a brighter future.
Talk to an advisor
Please select a state
Johor
Kedah
Kelantan
Kuala Lumpur
Melaka
Negeri Sembilan
Pahang
Perak
Perlis
Pulau Pinang
Sabah
Sarawak
Selangor
Terengganu
Please select one
Building my savings
Planning for retirement
Investment advice
Leaving a legacy
Plan for medical protection
Question about my current plan, coverage or a claim
Preferred Language:
English
Malay
Chinese
I have read, understood and accepted the
Data Protection Notice
provided by Sun Life Malaysia.
Submit