Advice on Investment

[neolaw]

Hi,

I have S$1,000 - S$2,000 (per annum) to play with this investment thing (by "play", I mean I can bear -100% [minus one hundred percent] Rate Of Return; however, I'd prefer a positive percent ROI).

What option do I have (I'm a foreigner)? With all the minimum investment amount etc, advice me. I'm a complete noob. I'd also like to know 2-3 companies providing service for each option (For example, for Investment-Linked life-insurance Policy option, there are companies like Prudential, Great Eastern and AIA to get this service from).

Best regards,

 

[steven168z]

ILP suck.

check out the below 2.

http://forums.hardwarezone.com.sg/stocks-shares-indices-92/posb-invest-saver-4309151.html

http://forums.hardwarezone.com.sg/s...e-chip-investment-plan-bcip-ocbc-4271264.html

 

[JK Market]

investing in other products / options are much better..

but is probably better to read up almost every thread here and do some researching and reading out there to understand the trade.. so you wont get into things that you are not familiar with just only becos the agent says so..

this topic on what should i do / what should i invest is very common here and many experts are giving advices already many times...

read up on the forum.. you should get your answer

 

[JK Market]

also btw, 1k-2k per year isnt much to invest with yet =/ unless you have been doing this for the last 10 years or more..

 

[steven168z]

also btw, 1k-2k per year isnt much to invest with yet =/ unless you have been doing this for the last 10 years or more..

too little.. that why i quote rsp

 

[neolaw]

ILP suck.

check out the below 2.

http://forums.hardwarezone.com.sg/stocks-shares-indices-92/posb-invest-saver-4309151.html

http://forums.hardwarezone.com.sg/s...e-chip-investment-plan-bcip-ocbc-4271264.html

Thanks. I just put ILP as an example.

Option and Company.
ILP and AXA, GE etc.

I will check these two you mentioned. May I know what exactly are they? Please don't mind me as I'm a completely newbie.

 

[neolaw]

also btw, 1k-2k per year isnt much to invest with yet =/ unless you have been doing this for the last 10 years or more..

Thanks. Actually, that's the amount I am comfortable for minus one hundred ROI. I also have a full time job too so ... I can't set much time aside for this task. I will try to read up more topics in this forum (Have already read some).

 

[steven168z]

Thanks. I just put ILP as an example.

Option and Company.
ILP and AXA, GE etc.

I will check these two you mentioned. May I know what exactly are they? Please don't mind me as I'm a completely newbie.

this 2 are regular investment saving plan. it will auto deduct min $100 from yr bank to buy stocks which u define.

the 2 link for forum link which provide alots of info and qs inside.

below are the link from the respective bank offer it.

POSB invest

Investment | Blue Chip Investment Plan | OCBC Bank

 

[kazejin]

that's the amount I am comfortable for minus one hundred ROI.

You don't really need to expect such a bad return...
Unless you go for really risky instruments.
The chances for STI ETF to go to zero is rather negligible.

As steven168z mentioned, POSB IS and OCBC BCIP are reasonable simple options.

 

[neolaw]

Thanks for all the answers Steven168z, JK Market and Kazejin

To those who are PMing me: I don't want another insurance agent contact. I just want a textbook-like descriptions with service provider names, see the examples below:

What: Investment Linked Plan

Description: Investment Linked Plan is an insurance plan with investment portion. The premium is divided into two chunks, insurance premium (deduction or whatever) and investment portion. Allocation % to insurance is different for each year. You can choose from a pool of investment options (funds etc). The provider levies fees for managing your funds, usually around 1.5% per annum of all the things you have bought. In case you can't sustain your premium payment, you can use the investment portion to pay the investment portion starting from x years onward (usually x = 2) until your fund depleted.

Companies: AXA, Prudential, MenuLife

--------------

What: Investment as a Saving

Description: You set aside a certain amount of money to buy stock/ETF of your choice. The bank GIRO your saving account. For all the amount you sell or buy, the bank charges a certain percentage: usually 0.30% to 2% (example). Typically, the buying date is fixed but you can sell anytime.

Companies: POSB Invest-Saver, OCBC BCIP

--------------

See? So stop PMing me and give me description like the above posters.

Again ... thanks to Steven168z, JK Market and Kazejin

 

[Dividends Warrior]

To those who are PMing me: I don't want another insurance agent contact.

This is to be expected.