Pulsar start up bonus 174%

[Perisher]

l try to answer your question. Feel free to correct me if l am wrong . Erm..is your DCA index ETF refer to STI ETF??

For my own opinion, pulsar should compare with unit trust with similar charges.

Instead of comparing pulsar with STI ETF, l think is better to compare it with AXA Fortress Fund A, which is a single ILP. AXA Fortress Fund A invest in companies listed in main board of SGX. Its annual compounded return is 13.44% since launch.

I took a look at this AXA Fortress Fund A and the 5 year annual returns is 9.39% which is before all the fees and charges.

Also the fund's record only show up to 2008, annualised, it has return 10% per year since 2008 before all the charges and fees I believe. The 10 year record is 10% annualised too.

https://sg.morningstar.com/ap/quicktake/returns.aspx?PerformanceId=0P00008T7I&activetab=TotalReturn

What this all means is it still underperform DCA ETF.

Really pointless to do all these when it can't outperform DCA ETF.

 

[Tornesoul]

profits are variable, costs are forever.

gotta control what i can

and these cost savings, if saved, compound. i can't remember the exact words/figures


John Bogle - Common Sense on Mutual Funds

 

[pcmdan]

I would never recommend ILP. No matter how AXA or any insurance companies try to play around with eye blogging bonuses and downside the cost by saying it is paid for with the bonuses, the hassle of going thru all these documents and locking of money to a company whose main intention is to earn fat money from you is a no-no.

First, from my experience and hearsay from friends..very seldom their money turns profit. So after putting your hard earn money with ILP they are not generating return for you.

Next they charge you with so much unjustifiable cost which protects their self interest and not the clients. End of day insurance coy sure earn and your client base solely on luck.

3rd, if the fund investments managers in the insurance is that good, they wouldnt be working for the insurance company but fund houses or big giant banks

4th, I am not targetting anyone, but the cost and paper work are way above what I put in and do mysel had I invested in my own. Even if you are able to match your return with DCA ETF (lets take that as a benchmark), the high costs that is being charged, will make me lose money at the end.

Honestly, if insurance companies can give one of the best commission by selling ILP, where does the money come from? Not the insurance company profit from investing for your client, but the client high charged cost.

Hence do people with no investing knowledge a favour, stop selling or promoting ILP.

 

[winedz]

Charges in the whole 30 years depend on the account value. Erm.. if for the above example, 9% performance compounded year to year over 30 years, we get 7% year to year in the end.We can say that roughly 2% goes for charges.

l never calculated where all the charges cut to half, how much is the return. Mind to share why you want to know the return for half charges? If want to calculate for unit trust, can calculate the return as well using the same method, minus all the charges before taking into consideration the yield.

No doubt that if one invest in share and get 9% every year for 30 years, the amount will be $350K.

That's is why if one master in shares, one may not interested in ILP.

Expensive, right?
There are cheaper alternatives out there, ETF, dollardex, etc...

 

[RuiRui88]

There are three types of ILP
1) single premium (example: 1% - 50%)
2) regular premium
a)with high protection (example: sum assured: 200k)
b) with low protection (example:1%)

l won't recommend 2a. l think most people who had bad experience are those buying 2a. It is totally mix insurance and investment together. Since it provide high protection, there's must be a charge. The cost of insurance will slowly increase with your age, and the premium allocated for investment will slowly decrease. If you choose a fund which provide only 0-3% return, very obvious that grow of your cash value inside are not enough to cover high cost of insurance in your later life. If the fund that one choose is performing poor, your cash value will become lesser and lesser. If one want to buy 2a, is good that one choose a term plan. If not, one need to fully understand and actively manage it. But still, there are examples of some cases are doing well,but no doubt it would be minority.

For 1/2b, is cater for investment instead of protection. The premium will go to the investment, cost of insurance can either be charged or not depend on your account value. But 1% of protection, the cost of insurance is very low and it might not be charged as well.

If someone already bought an ILP and not sure which type of ILP you bought, just look at the sum assured and you can have an idea.

 

[Perisher]

There are three types of ILP
1) single premium (example: 1% - 50%)
2) regular premium
a)with high protection (example: sum assured: 200k)
b) with low protection (example:1%)

l won't recommend 2a. l think most people who had bad experience are those buying 2a. It is totally mix insurance and investment together. Since it provide high protection, there's must be a charge. The cost of insurance will slowly increase with your age, and the premium allocated for investment will slowly decrease. If you choose a fund which provide only 0-3% return, very obvious that grow of your cash value inside are not enough to cover high cost of insurance in your later life. If the fund that one choose is performing poor, your cash value will become lesser and lesser. If one want to buy 2a, is good that one choose a term plan. If not, one need to fully understand and actively manage it. But still, there are examples of some cases are doing well,but no doubt it would be minority.

For 1/2b, is cater for investment instead of protection. The premium will go to the investment, cost of insurance can either be charged or not depend on your account value. But 1% of protection, the cost of insurance is very low and it might not be charged as well.

If someone already bought an ILP and not sure which type of ILP you bought, just look at the sum assured and you can have an idea.

Basically, it cost a lot and the returns depends on luck, can even be negative even if held for long term.

DCA index ETF has proven over decades that it would return 8-10%+ annually. You don't seem to be able to understand this basic thing, kept harping about pulsar, it's repulsing.

 

[RuiRui88]

Basically, it cost a lot and the returns depends on luck, can even be negative even if held for long term.

DCA index ETF has proven over decades that it would return 8-10%+ annually. You don't seem to be able to understand this basic thing, kept harping about pulsar, it's repulsing.

For my post on 47, l did not mention about pulsar at all.just share my knowledge on different types of ILP, regardless of which insurer, these are the three types of ILP in the market.

Previously you also mention AXA fortress 10 years annualized return 10% right?To clarify your doubt, there is only 5% of front end charge, there is no extra charge more. If you buy and hold for 5 years,there is only one time 5% front end charge.

Have a nice weekend

 

[RuiRui88]

hi, guys, l already share what l know here already... l wrote it neutrally with all the prons and cons listed there. l will stop writing anymore..of course if there is any questions,just pm me.

Have a nice day

 

[Perisher]

hi, guys, l already share what l know here already... l wrote it neutrally with all the prons and cons listed there. l will stop writing anymore..of course if there is any questions,just pm me.

Have a nice day

Yup, you better run.
Your product is inferior to DCA ETF anyway.

In case you think only pulsar is inferior, almost all ILP is inferior.
You mainly listed pros... Cons are listed by everyone else here.

I don't see you coming here and sing the praises of DCA ETF, instead keep harping on ILP even when you know all it's cons.

 

[Perisher]

For my post on 47, l did not mention about pulsar at all.just share my knowledge on different types of ILP, regardless of which insurer, these are the three types of ILP in the market.

Previously you also mention AXA fortress 10 years annualized return 10% right?To clarify your doubt, there is only 5% of front end charge, there is no extra charge more. If you buy and hold for 5 years,there is only one time 5% front end charge.

Have a nice weekend

I quote that just so you can't edit your post. All the ILP is inferior to DCA ETF anyway.

Yup, right, annualised 10% return, 5% front end charge is just the beginning.
It is a sub-fund of ILP, meaning the ILP itself has other fees and charges.
Don't try to smoke things.

Are you able to buy this fund direct?

 

[limster]

If you go to the portfolio sharing thread, I have not seen a single person who is holding the 'recommended ES3+A35+World' portfolio. Instead, everyone is taking more risk than the recommended portfolio.

In such a situation where one is taking more risk on the share portfolio side, having 'insurance' in the form of a life policy is a possibility.
But the life policy should have favourable terms:
(1) No gimmicks (gimmicks cost money)
(2) Basic Death/TPD/CI
(3) Guaranteed Break-even after 7-10 years and surrender values continues to compound after that.
(4) Annual premium less than 1 month take-home salary.

 

[RuiRui88]

One more thing to write,l want to edit post 49 at first, but better add one more post here, because l think the culture here is not to edit the original post

l just share what l know there, people won't buying with me by just reading the post. They might bought with other as well after reading my post. Nothing beneficial to me too. But l just share what l know.

Thanks for every comment here,either positive or negative, l took it with heart.

Have a nice day

Any questions just pm me,l will try my best to answer
l will stop reply here

 

[Perisher]

If you go to the portfolio sharing thread, I have not seen a single person who is holding the 'recommended ES3+A35+World' portfolio. Instead, everyone is taking more risk than the recommended portfolio.

In such a situation where one is taking more risk on the share portfolio side, having 'insurance' in the form of a life policy is a possibility.
But the life policy should have favourable terms:
(1) No gimmicks (gimmicks cost money)
(2) Basic Death/TPD/CI
(3) Guaranteed Break-even after 7-10 years and surrender values continues to compound after that.
(4) Annual premium less than 1 month take-home salary.

I have seen quite a bit doing the BCIP or Posb invest saver.

 

[Perisher]

One more thing to write,l want to edit post 49 at first, but better add one more post here, because l think the culture here is not to edit the original post

l just share what l know there, people won't buying with me by just reading the post. They might bought with other as well after reading my post. Nothing beneficial to me too. But l just share what l know.

Thanks for every comment here,either positive or negative, l took it with heart.

Have a nice day

Any questions just pm me,l will try my best to answer
l will stop reply here

Nothing beneficial? If even just 1 person buy from you by reading this and following up, you benefit already. What nonsense is this?

You never acknowledge that pulsar is a bad product. Starting a thread with the bonus 174% big big to attract people... Instead of being neutral.

 

[pcmdan]

There are three types of ILP
1) single premium (example: 1% - 50%)
2) regular premium
a)with high protection (example: sum assured: 200k)
b) with low protection (example:1%)

hmmm from my one and only bad exp with Prudential...low protection and high investment, i.e. 2 with single premium.

Held the policy for over 6 years and am still in a net loss of 1.4k excld. all 2pid yearly charges (it has been in the red ever since I signed on the dotted line). If you ask why was I so stupid to not cut loss earlier, i was young that time, no knowledge on investments and was "convinced" by agent that talked like a pro. Come to think of it, he knows NOTHING about investment. Yet he is the one selling to me and I paid a 5-star hotel fees for such level of service. Yucks

Thats what prompted me to learn about investments and I have never look back since.

The sad part is I lose 1.4k(which is to date my worst investment ever, had divested in 2012).

The positive take aways i learnt are..Insurance company should just remain at what it do best..Insurance and nothing else. The second take away is, I think I am more financial savvy compare to myself many years ago.

After learning about investing, I began to learn how insurance companies draft their policies to misled consumers with huge tag lines that target the greed of consumers while minimizing the cost that comes with it.

SCARY

 

[incantations]

One don't just edit original post. It's crucial to let people know how inadequate your knowledge of investment is.

Also, if you meant to edit, let the original post stay, and put a edit below.

DO you know what is DCA index ETF? Do you know how it works?
If you do and you still sell pulsar, you are not doing your client any good.
If you don't, ask around here. Look at Shiny Things' Thread.

If I am interested to invest in the S&P500 index, what is the most cost effective way of investing since the US imposes a 30% withholding taxes on dividends?

 

[havetheveryfun]

After learning about investing, I began to learn how insurance companies draft their policies to misled consumers with huge tag lines that target the greed of consumers while minimizing the cost that comes with it.

SCARY

add in to the "dirty" tactics some agents use. for instance , they are supposed to tell us that we can always cancel the policy within 7 or 14 days (forgot which) and be able to get a 100% refund on the policy, but some of them skip that conveniently , or try to drag the time until 7-14 days is passed before following up with you (i.e passing u the policy booklet, etc)

 

[wahkao3]

Starting a thread with the bonus 174% big big to attract people... Instead of being neutral.

174% return!?
I was one of those ppl who kanna attracted.

 

[wahkao3]

hmmm from my one and only bad exp with Prudential...low protection and high investment, i.e. 2 with single premium.

Held the policy for over 6 years and am still in a net loss of 1.4k excld. all 2pid yearly charges (it has been in the red ever since I signed on the dotted line). If you ask why was I so stupid to not cut loss earlier, i was young that time, no knowledge on investments and was "convinced" by agent that talked like a pro. Come to think of it, he knows NOTHING about investment. Yet he is the one selling to me and I paid a 5-star hotel fees for such level of service. Yucks

Thats what prompted me to learn about investments and I have never look back since.

The sad part is I lose 1.4k(which is to date my worst investment ever, had divested in 2012).

The positive take aways i learnt are..Insurance company should just remain at what it do best..Insurance and nothing else. The second take away is, I think I am more financial savvy compare to myself many years ago.

After learning about investing, I began to learn how insurance companies draft their policies to misled consumers with huge tag lines that target the greed of consumers while minimizing the cost that comes with it.

SCARY

i second that, anything that's low risk high return, they will package it into high risk low return products and pocket the difference.

I m sick of their tricks already. Anything that has to be sold or marketed to you, dont even need to analyse, they are usually crappy

================================================
My financial adviser asked me what is my risk appetite, I say I am low risk, but want high return

Yesterday I asked my financial adviser for good investment can make me huat big big, she asked me what is my risk appetite.

me: I am low risk taker
FA: Ok, I recommend you bond mutual fund the return is 2%
me: U siao ah! inflation already 5%. U only offer me 2%.
FA: Because your risk appetite is low risk, only mutual fund return 2% and very low risk.
me: I am looking for high return, low risk. Why you recommend me this kind of nonsense mid risk, low return product?
FA: In market no such thing as high return,low risk. High return will come with high risk
me: Then what for I need you? What is your value add? You are just going to get in the way and suck commissions. If I want high return high risk, I can easily find it everywhere. I can go MBS, even faster.

What chiu all think huh? I answer like that satki or not?

 

[Perisher]

If I am interested to invest in the S&P500 index, what is the most cost effective way of investing since the US imposes a 30% withholding taxes on dividends?

Look at Shiny Things' Thread, I think he recommend IWDA for world.

As for S&P500, try VUSD, think it's 15% tax due to it being incorporated in Ireland.

Vanguard S&P 500 ETF is a UCITS compliant, exchange-traded fund, incorporated in Ireland.
http://www.bloomberg.com/quote/VUSD:LN