warmsummer
Junior Member
- Joined
- Dec 5, 2011
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How to get so much return?
I want to know too!
How to get so much return?
then what plan (s) will u recommend?
Based on HDB, SBS Tansportation and Gold prices since 1970, Singapore 's real inflation rate is 9-10% p.a.
Your investment target should be more than 9-10% p.a.
How to get so much return?
Maybe you can state what you want. Like insurance coverage for protection or just a pure savings endowment plan?
is the hsbc growth manager plus recommended?
Are you being advised by a HSBC agent? Seems like you keep asking about their products only.
IMO, since you are only 23, get a private shield plan + riders. That's the most important insurance plan that all SG/PR should get.
Then you can look to see if a term, whole life or ILP would be more suitable for your needs. Reading online for information is good but you must understand that not everyone is suitable/diligent enough to buy term and invest on their own. Therefore, there will always be a market for the whole life policies.
Question: Is there a need to buy term insurance if you are still young (23), single and have no plans of having kids in the near future? Both parents also still working and are more than 10 years away from retirement age.
Should I wait until I actually have dependents before buying term? Or is it better to buy it early (even if it means paying premiums for many years during which I don't really need it)?
Thanks for your reply. But what would cause a person to lose insurability? If I'm in my twenties, the chances of becoming ininsurable within, say, the next 10 years should be quite low right?The most important thing is insurability. Once you lose it, there will be exclusions or loading and by then, you will be cursing why you never take up that term plan when young.
Thanks for your reply. But what would cause a person to lose insurability? If I'm in my twenties, the chances of becoming ininsurable within, say, the next 10 years should be quite low right?
Thanks for your reply. But what would cause a person to lose insurability? If I'm in my twenties, the chances of becoming ininsurable within, say, the next 10 years should be quite low right?
Hi all, i am kind of new here and have a noobie question to ask. So i shall apologize if my questions is too dumb
I was approached by a IFA through my friend (his client) that recommended him to me. The IFA is from Unicorn financial services (anyone heard of them?) I was quite skeptical of this firm as their website [ Unicorn Financial Solutions looks kind of brief and does not allow me to find out more information about them.
Nevertheless, last week, i decided to meet up with the IFA to give my friend face.
Initially it felt that he was talking some sense, talking about how to achieve financial freedom like setting goals putting aside money for dollar cost averaging. But as the talk went by he started to talk about how easy it was to make money and how rich he boss was and etc, and i took that as tell-tales sign of MLM, and i was confuse whether if i should trust him?
So is this company the new face of MLM or have I accused a honest IFA that just want to give me good financial advise?
Dollar cost averaging meant that you are investing a fix amount of money every month. Stock price high, you buy little, stock price low you get more. Averaging out, your dollar per stock is averaged out. I don't see the point why he must raise the wealthiness of his boss to you. What products have he advice you on?