DBS Treasures benefit?

[OngHuatHuat]

Uber/grab tends to be more convenient and much faster than limo(in terms of driving speed).

limo vs uber/grab

 

[o0KelviN0o]

for structured products, the following are customizable as long as there's volatility in the underlying counters

• Strike / Conversion price of WPS (worst performing share)
• KI Level (level where you better hope you can get out of)
• KO Level ($$$ back with coupon)
• Coupon desired

usually you can customize 1 parameter, the rest will be priced in

 

[Sauzan]

Questions:
1. Sign up promo is a lump sum for fresh funds. Does that mean that I can transfer existing funds out, sign up, then transfer back in for the lump sum sign up promo?
2. Does the recently reduced rates for DBS Vickers Cash Upfront account (0.12% for SGX equities promo) apply to DBS Treasures clients?

 

[xsainty]

Hi Can any DBS Treasures member share if there is any corporate action fee or dividend handling fee?

 

[limpoop]

Hi Can any DBS Treasures member share if there is any corporate action fee or dividend handling fee?

Nope. UOB does and I am going to close it soon.

 

[dexboi]

Am also curious as well, how are corporate actions handled @ DBS? Do the RM call? SMS? or send letters? or last minute gabra like SCB?

 

[limpoop]

Am also curious as well, how are corporate actions handled @ DBS? Do the RM call? SMS? or send letters? or last minute gabra like SCB?

No call no letter no sms. It will appear as a PDF in your iWealth.

 

[limpoop]

Wah, so bad! Looks like UOB charge for every little thing?

$16.05 cdp maintenance fees per counter every 3 months, $2.50 dividend "handling" fees per counter, cdp transfer fees etc

 

[Maeda_Toshiie]

Nope. UOB does and I am going to close it soon.

Seriously, tell them to go fly kite. CDP doesn't charge a single cent and does all the corporate actions promptly.

 

[xsainty]

No call no letter no sms. It will appear as a PDF in your iWealth.

Thats nice.. Just wondering for corporate actions do you inform your RM to do it? Or is there a function in iWealth to do so

 

[limpoop]

Thats nice.. Just wondering for corporate actions do you inform your RM to do it? Or is there a function in iWealth to do so

You have to print the PDF, complete your actions and pass it back to your RM or the Treasure centre staff.

 

[limpoop]

No call no letter no sms. It will appear as a PDF in your iWealth.

Actually they will send an email like this:

Dear Client,

Your latest eAdvice(s) is ready for viewing:

XXXXX XXXXX

To view your eAdvice(s), simply click here.

Please check the transactions on your eAdvice(s). If there are any discrepancies, kindly contact your Relationship Manager.

Thank you for banking with us.

Regards,
DBS Treasures

 

[goldsilvercity]

so any financial benefits to being a Treasure client?
I can only think of the UL - able to buy a universal life policy, single premium $120k, but you only pay $39k and the rest is loan by DBS.....

what other financial benefits ah? The fidelity balanced funds is recommended by my RM, invest $100k, then can loan out $80k to reinvest or for my own business

 

[LexusIS]

so any financial benefits to being a Treasure client?
I can only think of the UL - able to buy a universal life policy, single premium $120k, but you only pay $39k and the rest is loan by DBS.....

what other financial benefits ah? The fidelity balanced funds is recommended by my RM, invest $100k, then can loan out $80k to reinvest or for my own business

Think what you mentioned is available with all the other banks. You can shop around and compare the rates. Some banks have promotion on universal life.

 

[goldsilvercity]

Think what you mentioned is available with all the other banks. You can shop around and compare the rates. Some banks have promotion on universal life.

is universal life worth it compared to putting the money with USA stocks in interactive brokers instead....

 

[LexusIS]

is universal life worth it compared to putting the money with USA stocks in interactive brokers instead....

Guess it will depend on what is your objective. To me universal life is to leave behind a legacy for your children as you probably won’t be seeing the money. Stocks are more aggressive but to get better return you need to take more risk.

For me I prefer topping up CPF-SA as it performs the same legacy function with guaranteed 4%. Better than UL crediting rate and if you want u can withdraw at age 55, after setting aside the minimum sum. If max SA early and with regular crediting, it can become almost half a million retirement fund by the time we turn 55.

Of cos to each it’s own. One man’s meat maybe another man’s poison

Ps: I don’t work for or get paid by CPF or any gov agency. I just like the SA concept but ..... I seriously don’t like the CPF life. Remove that... let us choose how much to withdraw, don’t treat us like a kid.

 

[havetheveryfun]

Ps: I don’t work for or get paid by CPF or any gov agency. I just like the SA concept but ..... I seriously don’t like the CPF life. Remove that... let us choose how much to withdraw, don’t treat us like a kid.

so many lao tiko unkers get cheated of their CPF monies at old age...

then u also have unscrupulous ppl who have no qualms scamming old aunties out of their CPF monies.. which is why u see now old ppl over 60 buy insurance policies also so many restrictions now

it is for the good of everyone that the monies are locked up.

and anyway, you will be able to choose how much to withdraw in excess of the minimum sum... so you do have a choice.

 

[archcherub]

Guess it will depend on what is your objective. To me universal life is to leave behind a legacy for your children as you probably won’t be seeing the money. Stocks are more aggressive but to get better return you need to take more risk.

For me I prefer topping up CPF-SA as it performs the same legacy function with guaranteed 4%. Better than UL crediting rate and if you want u can withdraw at age 55, after setting aside the minimum sum. If max SA early and with regular crediting, it can become almost half a million retirement fund by the time we turn 55.

Of cos to each it’s own. One man’s meat maybe another man’s poison

Ps: I don’t work for or get paid by CPF or any gov agency. I just like the SA concept but ..... I seriously don’t like the CPF life. Remove that... let us choose how much to withdraw, don’t treat us like a kid.

i also pondering about Universal Life by DBS, i believe it is by manulife insurer.
diversify is good right? leverage 3x, means u pay less premium to get a bigger policy.... not sure if now USA stocks can return such good returns now that S&P at All time high

 

[archcherub]

Becareful of the lock-up period, the terms and conditions, and you can't unwind when interest shot up!

u mean when bank interest rates shoot up?


what is unwind?

 

[goldsilvercity]

Yes. Anyway, bank interest rates are expected to continue to go up, and you are stuck with a leveraged loan that you can't unwind (or payoff). That is the danger about leveraged Universal Life.

awww icic. then stick to funds then