Consolidated thread for Priority/Privilege Banking

[Inix]

You have 2 mil? How old are you?

While it does co-relate many a time, one's age does not determine one's wealth. Besides $2M is alot to many of us, but might not be alot to many other people who are more wealthier, so I am not sure whats the point of your post.

 

[wondrdoggie]

Hi,
I had met with a RM. She mentioned something on Knock-In Knock-Out Equity Link Notes.

Example:
$200k to buy shares of 2 companies with all the positive analyst ratings
Tenor: 4 months
Coupon: 15% p.a.
Strike: 100%
KO: 93%
Knock In: 68.0%

Anyone one familiar or bought before?

Thanks.

I am familar with the vanilla ELNs or FCNs (fixed coupon notes, similar to ELNs) with knock outs but never heard of one with a knock in as well. Better understand fully before buying, ask your RM to explain until you understand.

Also, you can get eln or fcns for 1 or 3 mth tenor and get around 13-15% pa for 1 underlying stock (US market, SG market's yield is much lower). If the product has a basket of stocks, it increases your risk level. If you buy non SGD, remember to either leverage or hedge to protect against currency risk. And I would only buy elns or fcns of stocks I don't mind holding at the knockout price even if I am forced to buy at the observation date.

 

[bazingaman]

got something similar but with MF/High Yield US bonds.. So not sure if this is worth the 'risk'..

 

[neanea]

While it does co-relate many a time, one's age does not determine one's wealth. Besides $2M is alot to many of us, but might not be alot to many other people who are more wealthier, so I am not sure whats the point of your post.

I want to know how old are you since you have 2mil
You created 2mil yourself or inherited it?

 

[neanea]

got something similar but with MF/High Yield US bonds.. So not sure if this is worth the 'risk'..

What does MF means?

 

[bazingaman]

mutual funds.

 

[invisible999]

I want to know how old are you since you have 2mil
You created 2mil yourself or inherited it?

Have you ever been told by your parents that there are list of questions which polite and educated people should not ask - like asking woman's age, asking someone's income and in which position they prefer to have sex.

 

[neanea]

Have you ever been told by your parents that there are list of questions which polite and educated people should not ask - like asking woman's age, asking someone's income and in which position they prefer to have sex.

I like to ask so what can you do with me?

 

[penyekz]

I like to ask so what can you do with me?

ah beng alert!!

 

[neanea]

ah beng alert!!

Hahaa ppl got 2mil also play hwz forum leh
How come got 2mil is so boring????

 

[invisible999]

I like to ask so what can you do with me?

Nothing. I tried to educate you to fill gaps left by your parents but you apparently are hopeless.

 

[highsulphur]

Hahaa ppl got 2mil also play hwz forum leh
How come got 2mil is so boring????

Please la. 2 mil is the new 500k. It's precisely people with 2m are so bored that they come here.

 

[neanea]

Nothing. I tried to educate you to fill gaps left by your parents but you apparently are hopeless.

Got money can any how say pp hopeless? Can any how say peoples parents?
I look down on you

 

[neanea]

Please la. 2 mil is the new 500k. It's precisely people with 2m are so bored that they come here.

Something very strange about this 2mil boy
He ask about prepaid card, ezlink topup and budget travel???

 

[icicic]

Something very strange about this 2mil boy
He ask about prepaid card, ezlink topup and budget travel???

How else to get rich? Wahaha

 

[penyekz]

Something very strange about this 2mil boy
He ask about prepaid card, ezlink topup and budget travel???

Do you really think people with 2M flies first class, don't take public transport, and don't use prepaid cards?

 

[bazingaman]

Do you really think people with 2M flies first class, don't take public transport, and don't use prepaid cards?

for this i tend to agree. i have seen the richer people become the more calculated they are with money

 

[Inix]

Something very strange about this 2mil boy
He ask about prepaid card, ezlink topup and budget travel???

I know of someone who has in far excess of S$5M in pure invest-able assets alone, who happen to fly budget, take public transport (most of the time) and uses pre-paid card.

It's not so much about affordance, but because he sees no difference for budget vs full service, takes public transport because he got time to spare, and uses pre-paid card because he does not call or receive calls that much.

 

[louist]

This thread very mixed... priority/privilege and even private banking all mentioned!

I have a more mid-range query - have flipped through some of the past few pages, but may have missed out some info. Since DBS and SCB seem to be the main ones that allow owned equities to count towards the AUM, am I right to say that SCB priority banking might be one of the easiest to achieve at $200k? And the benefits aren't too bad, either - lower brokerage fees as well as the VI card (with unlimited priority pass). Nothing spectacular, but not too bad if you're still starting out.

Was also considering Citigold but don't like the fact that it seems you need to invest through them rather than directly on the stock market.

 

[neanea]

Why do you want to join priority Banking?
What do you gain from it?

This thread very mixed... priority/privilege and even private banking all mentioned!

I have a more mid-range query - have flipped through some of the past few pages, but may have missed out some info. Since DBS and SCB seem to be the main ones that allow owned equities to count towards the AUM, am I right to say that SCB priority banking might be one of the easiest to achieve at $200k? And the benefits aren't too bad, either - lower brokerage fees as well as the VI card (with unlimited priority pass). Nothing spectacular, but not too bad if you're still starting out.

Was also considering Citigold but don't like the fact that it seems you need to invest through them rather than directly on the stock market.