Actually that time i still willing to listen to what he got ..
Yah, agree with this...but sometimes they also sell without even understanding the product...i remember got one time they try to sell me a mutual fund...guaranteed 8% dividend annually....they tell me it is their best selling fund...but then i ask them what is the NAV since inception....it has been below issue price ($100) since inception (6-7 years ago)....around $70 to $80...still can tell me it is a good price to buy now since price is low... Sure...you get your 8% dividend...but when time to get back your principle...duno will drop till $30 to $40 anot...To me RMs are obviously not going to be finance whizzes or future Warren Buffetts or else why would they be RMs rather than working in asset management or something. They have a basic foundation in finance but mainly they are trained to sell. It's a tough livingFor our own money, we take our own counsel, of course.
they're just trying their luck. In this high rates environment, you don't need to buy any fancy products to get decent returns. Unless you're wealthy with collateral you can borrow against, then maybe can optimise it further
That means the guaranteed dividend is probably paying out of the NAV leh.
Well at least for me the 250k bond is beyond my reach but not to those rich investors. It is capital guaranteed at maturity with the guaranteed yield.
To invest into a 250k bond... U need to declare accredited investor status.. That requires 1mn net financial assets or 300k annual income... So it is not readily available for the average citizen...
To me 50k also a lot leh so by my definition it fall under the rich investors realm lor.
Can share more about this Singlife endowment plan? What is it about?
Basically an endowment giving 4% cannot DIY need go through agent who will submit their highest amount client as first application due to system jam often.
But to an average citizen... U can't call urself rich if u have 50k...
It's over already.. It's a limited tranch 4.1% 2 yr endowment policy. Have to apply through agent on a first come first serve basis.. Close 2 hrs after it is open for sign up.
Above is your definition I guess. 50k for one investment instrument is high by my standard. Mine is if possible 100 can buy in liao
50k I can use to buy different investment instrument some endowment some FD some mutual fund some ETF etc. Never all in to any one investment instrument is my motto.
If you read the news.... people usually renovate their flat for 50k - 80k...by your standard...every sinkie who buys HDB is rich...Even a 2 rm BTO cost this much...And I don't think an average person would call someone who buys a 2 rm BTO rich...Above is your definition I guess. 50k for one investment instrument is high by my standard. Mine is if possible 100 can buy in liao
You need to know I reaching 55 soon so 50k onwards renovation is high by my standard. So your standard is based on ppl of your same era at least. That is why I emphasize it is my standard.
but you need to finetune your standard given that time has changed...there is high inflation now....last time policeman wear shorts 1...now wear pants liao...
Don't bother with him lah. He sees things in absolute one. Doesn't know how to toggle btw absolute and relative.
That is why got English word generation gap mah. You all can ignore me so no need to bother about me disturb your posts mah. This is a good feature.
any idea if it's limited to any particular saving account ? i am trying to figure out how to apply. once we deposit the 10% into saving account, the FD rate of 3.9% will auto apply ? thanks !
if just buy $100, i rather not waste time investing to get peanuts.Above is your definition I guess. 50k for one investment instrument is high by my standard. Mine is if possible 100 can buy in liao
