PRUDENTIAL SAVINGS SAGA

[Shion]

wow official prudential logo sia

The plan type (endowment) and the purpose of the plan doesn't seem to tally

 

[koja6049]

Why dont use bank interest that needs to fulfill criteria

That itself is already an extremely easy way of beating those returns. (Provided you manage to fulfill them).

Even dismissing this itself, there are also other alternatives that can easily do it.

There is really not much point in comparing SSB against endowments for saving returns since both operate in very different ways. Just like all the other better alternatives.

End of the day, I think we can all agree that it is not tough to beat the returns. No need to argue between one and other by comparing apple to oranges.

PS. yyhwin is not even an agent I think. Why you all arguing like he is trying to prove something from an agent's view?

actually they are apples to apples. All you need is the expectation value of your death.

 

[dendii]

Life just isn't the same as before my friend.

The market now VS the market before has a very different ball game.

Nowadays also don't have a plan like NTUC Living Policy

 

[OngHuatHuat]

Ern...... prove me wrong then.

If you don't know, then don't mislead others by your poor comparison of ssb vs endowment plans. Because in your example, the ssb can actually beat the returns of an endowment plan

 

[HWZ1973]

last time the endowments not bad

a 5 yr endowment alr have 3% xirr

nowadays still have ma?

3% per annum or for the 5 years?

 

[OngHuatHuat]

Simple, coz people here don't even bother to find out how much term + Ssb cost before they say Ssb can beat endowment.
Some even just happily ignore protection value of endowment. When you asked them to prove, they will just give one sentence reply.

They don't even have data for endowment plan within the same timeframe, how to have a fair comparison?

Why dont use bank interest that needs to fulfill criteria

That itself is already an extremely easy way of beating those returns. (Provided you manage to fulfill them).

Even dismissing this itself, there are also other alternatives that can easily do it.

There is really not much point in comparing SSB against endowments for saving returns since both operate in very different ways. Just like all the other better alternatives.

End of the day, I think we can all agree that it is not tough to beat the returns. No need to argue between one and other by comparing apple to oranges.

PS. yyhwin is not even an agent I think. Why you all arguing like he is trying to prove something from an agent's view?

 

[OngHuatHuat]

Number 15 is the best option already. Closest timeframe.

It is time to show how Ssb + term able to beat endowment by using the same sum assured for term.

last time the endowments not bad

a 5 yr endowment alr have 3% xirr

nowadays still have ma?

 

[koja6049]

Ern...... prove me wrong then.

already proven you wrong, since you cannot provide your expectation value of death just when you buy your endowment plan, i just treat it as zero.

21k * 0 = $0 is less than $100

 

[OngHuatHuat]

Yeah right?!

already proven you wrong, since you cannot provide your expectation value of death just when you buy your endowment plan, i just treat it as zero.

21k * 0 = $0 is less than $100

 

[OngHuatHuat]

Huh? I was about to reply to one example quoted by someone with 3 % CAGR how come
That post gone?

 

[akwl88]

Why dont use bank interest that needs to fulfill criteria

That itself is already an extremely easy way of beating those returns. (Provided you manage to fulfill them).

Even dismissing this itself, there are also other alternatives that can easily do it.

There is really not much point in comparing SSB against endowments for saving returns since both operate in very different ways. Just like all the other better alternatives.

End of the day, I think we can all agree that it is not tough to beat the returns. No need to argue between one and other by comparing apple to oranges.

PS. yyhwin is not even an agent I think. Why you all arguing like he is trying to prove something from an agent's view?

i am looking from a pure savings point. no investment, no protection elements.

bank int criteria have to spend $ to generate that int.

 

[OngHuatHuat]

http://investmentmoats.com/budgetin...ving-plans-endowment-give-you-3-to-5-returns/

This is the link here to show different endowment return. Higher than what I expect, but I don't like both endowment and Ssb.

 

[akwl88]

The plan type (endowment) and the purpose of the plan doesn't seem to tally

misleading then, misleading now still

lol

 

[OngHuatHuat]

Why you shift goal post? Isn't this thread about endowment? Ssb is another instrument suggested to beat endowment?

If you want pure savings, you need savings accounts. Ssb has investment element.

i am looking from a pure savings point. no investment, no protection elements.

bank int criteria have to spend $ to generate that int.

 

[Shion]

misleading then, misleading now still

lol

Don't know about that

 

[OngHuatHuat]

Do take note the main focus for this thread is about endowment, not Ssb.

So that product must have endowment elements inside. If don't have, need to use hybrid product to beat.

Don't know about that

 

[koja6049]

Why you shift goal post? Isn't this thread about endowment? Ssb is another instrument suggested to beat endowment?

If you want pure savings, you need savings accounts. Ssb has investment element.

but ssb is already proven to beat endowment

 

[OngHuatHuat]

You can continue, but I think people will just click on the links and do their own judgement.

but ssb is already proven to beat endowment

 

[koja6049]

You can continue, but I think people will just click on the links and do their own judgement.

you mean the link at the start of this thread? Sure ppl will buy endowment to lose half their savings

 

[akwl88]

Why you shift goal post? Isn't this thread about endowment? Ssb is another instrument suggested to beat endowment?

If you want pure savings, you need savings accounts. Ssb has investment element.

how shld i put it?

let say i have 10k need to park somewhere conservatively for 10years. means no principal lost

10k i put inside ssb vs 10k i put inside endowment

after 10 years, which one return more?