40k spare cash

[aarontansp]

Is 3.25% guaranteed?

No it's not. It's the same percentage gauge for all local insurance plans offered.

 

[Prof. Utonium]

Since everything accounted for, dump into IWDA or SSB if you're more conservative.

 

[yummie]

Dca = dollar cost averaging
IWDA is an ETF (Exchange Traded Fund)

US stock leh.

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[Maeda_Toshiie]

Mid 30s. I wont need tis amount unless for unforseen emergencies. My hse is fully paid for

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I suggest that you dump that 40k inside SSB first and not hand it over to some insurance salesperson*. Then go read up on insurance and investing to get a clue about this nasty piece of business. The last thing anyone should be doing with their money is to hand it over to the first bank employee or insurance salesperson you meet and have no clue about what they are selling to you**.





* being politically correct here on gender.

** Hint: it is not always to your benefit, despite what they say.

 

[jnashville]

Buy ntuc revoease with 40K. 3 years premium , 10 years maturity. End of 10 years get back $53,064 @ 4.75% or $47,212 @ 3.25%

oh non guaranteed...so all this figures are just...

it can even be just 1 percent or even nothing except capital guaranteed?

might as well SSB or those higher yield savings plan like maxigain, dbs multiplier, etc etc

 

[jnashville]

I suggest that you dump that 40k inside SSB first and not hand it over to some insurance salesperson*. Then go read up on insurance and investing to get a clue about this nasty piece of business. The last thing anyone should be doing with their money is to hand it over to the first bank employee or insurance salesperson you meet and have no clue about what they are selling to you**.





* being politically correct here on gender.

** Hint: it is not always to your benefit, despite what they say.

i actually handed over a large sum of money to an unknown GE insurance agent but that was for the GREAT270 endownment plan where the capital is guaranteed and interest of 2.7percent is also guaranteed. the agent also offered me capitaland vouchers too.

it all depends on the product hehe..

but yea i will not put money for ILPs and those non guaranteed endowments because those are just paying the pockets for these agents.

 

[Thoreldan]

US stock leh.

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Iwda is listed in lse but quoted in usd. I buy this via interactive brokers.

 

[aarontansp]

oh non guaranteed...so all this figures are just...

it can even be just 1 percent or even nothing except capital guaranteed?

might as well SSB or those higher yield savings plan like maxigain, dbs multiplier, etc etc

Not exactly. The previous plans I bought have not cut any bonuses.

 

[RMCWMR]

Take $40k dump all into DBS shares. 5% div p.a. + cap appreciation in next 10 years. No need simi insurance

 

[mingyang93]

Intention of doing with this money in mind?

So actually what is your intention with this money? Retirement? Since you are in your mid 30s with a house fully paid. I would recommend you looking into doing an investment for a long term which gains a higher yield instead of getting a low guarantees. Unless you are more on the conservative/ safe risk type then by all means, put in a guaranteed savings/ bank that gives a dividend.

 

[JuniorLion]

Come come. All the IFA, and insurance agents show up already.

 

[Maeda_Toshiie]

i actually handed over a large sum of money to an unknown GE insurance agent but that was for the GREAT270 endownment plan where the capital is guaranteed and interest of 2.7percent is also guaranteed. the agent also offered me capitaland vouchers too.

it all depends on the product hehe..

but yea i will not put money for ILPs and those non guaranteed endowments because those are just paying the pockets for these agents.

If you know that the capital and interest are guaranteed, it means that you know what you bought. The same cannot be said of many a insurance customers...

 

[talkonly]

Small amount siooo

40k is a small amount. just put into a savings account that have higher interest? or SSB.

 

[yummie]

So actually what is your intention with this money? Retirement? Since you are in your mid 30s with a house fully paid. I would recommend you looking into doing an investment for a long term which gains a higher yield instead of getting a low guarantees. Unless you are more on the conservative/ safe risk type then by all means, put in a guaranteed savings/ bank that gives a dividend.

Like wat kind of investment

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[yummie]

I thinking of doing 7-11 franchise. Feasible boh

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[havetheveryfun]

I thinking of doing 7-11 franchise. Feasible boh

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sorry but 40k isnt enough for that.

even cheers minimum 60k. 7-11 is more.

 

[yummie]

sorry but 40k isnt enough for that.

even cheers minimum 60k. 7-11 is more.

Can take up loan?

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[mingyang93]

Like wat kind of investment

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Well, I am no expert in this but it guess you can say it depends on how you want your money to grow?

 

[madtari]

It's really a small amount considering the limit for bonus interest for accounts such as OCBC360 n UOB ONE is 70k to 75k. With only 40k u can't even get the max benefit/interest rate.

Small amount siooo

 

[yusoffb01]

buy resale