Singlife Account

[hyperfuse]

Wah now Singtel Dash also revising to 1.2percent from 1st July! oh man..

 

[dappermen]

the terms is....its a 6 years. after 6 years then able to take it out. But just checked, its fully subscribed already.

eeewwww ez safe?! to hell w them!!!!!!!!!!!
i got pp laughing me 4 placing @ covid period las yr for an FD 3 yr @ 2.05% w Maybk!!!!!!!!!!3yr we can endure but sorry not anythg MORE thn5 yrs!!!!!!!!! Plenty of bks hve invesmts for more th n5-6yrs too!! my mum lured into it!!!!!!!!!!!!



wht is ez safe? & i admonishes items w min. amt or w restrictns!!!!!!!!!!!!!

hyperfuse said:
eEasy Save V at @ 2.68 percent.

 

[reddevil0728]

why so many ppl want to terminate... where can we move our funds to... ?

really? where?

 

[kurt111494]

eeewwww ez safe?! to hell w them!!!!!!!!!!!
i got pp laughing me 4 placing @ covid period las yr for an FD 3 yr @ 2.05% w Maybk!!!!!!!!!!3yr we can endure but sorry not anythg MORE thn5 yrs!!!!!!!!! Plenty of bks hve invesmts for more th n5-6yrs too!! my mum lured into it!!!!!!!!!!!!



wht is ez safe? & i admonishes items w min. amt or w restrictns!!!!!!!!!!!!!

Dude relax man. No need to have such a big reaction lol. Who laughs at who is not important. I think whether a product is worthwhile or not is simply up to the individual

 

[dappermen]

I m very relaxed lah

i m more of puzzled only, over at seedly and many other forums all laughing at Ms wood or her ark investmts

i m firmed w what my investmts no matter how the pp despised her!!! It is my $! No matter how small is the amt

 

[vegavega25]

Have anyone try Grow? How is the result?

1. It is an equity-linked product and not a savings product. Results depend on which of the three types of portfolios one chooses, and when one invests. For regular folk, DCA is generally advised.

2. This is what their 'dynamic' portfolio is like.

SingLife Grow Dynamic	% allocation​
United Global Quality Growth Fund - Glass SGD Acc	33​
Nikko AM Shenton Global Opportunities Fund	16​
Fidelity Funds - World Fund A - Acc- SGD	13​
JP Morgan Funds - Asia Pacific Equity Fund A (Acc) SGD	11​
Eastpring Investments - Global Low Volatility Equity Fund	7​
Neuberger Berman Strategic Income Fund A SGD Accumulating Class	12​
BlackRock Global Funds - USD High Yield Bond Fund A2 SGD Hedged	4​
United Asian High Yield Bond Fund - Class A SGD Acc (Hedged)	4​

See https://images.singlife.com/wp-content/uploads/2021/04/20165832/Sing-Life-Factsheet_Mar2021.pdf for how it has done.

3. Some have argued that the Singlife Grow management fee is high. It is 1% p.a. of the account value, calculated on the daily account value, and charged as 0.25% every quarter. And the ones above are managed funds with their own management fees.

 

[vegavega25]

So here is my question about what to do in light of this latest drop:

On 1 July, should one surrender the policy in its entirety thereby closing the account OR keep the minimum required S$500 in it so that one doesn't have to go throught the hassle of opening it again if and when needed in the future? I am tempted to do the latter.

 

[maumu]

So here is my question about what to do in light of this latest drop:

On 1 July, should one surrender the policy in its entirety thereby closing the account OR keep the minimum required S$500 in it so that one doesn't have to go throught the hassle of opening it again if and when needed in the future? I am tempted to do the latter.

i'll keep $10k inside to grow at 1%... move the rest to other 0.5% or higher accounts (most likely toggle between HSBC EGA and eSaver).

 

[dappermen]

Why is there the need to surrender
Unless got better offer elsewhere?

 

[luvpraline]

i suppose can move to dash pet or elastiq if you havent hit the max

 

[Panerex]

i'll keep $10k inside to grow at 1%... move the rest to other 0.5% or higher accounts (most likely toggle between HSBC EGA and eSaver).

I intend to do this, and shift to Etiqa

 

[DOINK1]

I intend to do this, and shift to Etiqa

Yah me too.. I can still manage to get 1.5% for 10k...the rest I would shift to Gigantiq for 1% cos already fulfilled the first 10k there for 1.8%...hopefully its doesn't nerf too..

 

[reddevil0728]

So here is my question about what to do in light of this latest drop:

On 1 July, should one surrender the policy in its entirety thereby closing the account OR keep the minimum required S$500 in it so that one doesn't have to go throught the hassle of opening it again if and when needed in the future? I am tempted to do the latter.

you moving the money to where?

 

[vegavega25]

you moving the money to where?

Not too many options I agree. 3 thoughts as of today:

I already moved 10K out to Dash Pet which I had not subscribed to before. (I realize it is only an additional S$30 for the year, but it is psychological more than anything, and the temptation to lock in the rate for a year at least.)

Meanwhile will use June to study how those various 'cash management' options offfered by the likes of Syfe work.

And maybe I'll persist with DBS Multiplier which I was planning to give up. Although I do wonder if a cut in the bank interest rates is not too far behind.

 

[juelim]

Let's hope that she doesn't bring along the conservative culture of DBS and remove all the goodies now that the market share is captured.

Raised sufficient capital to merge with Aviva - check
KPI achieved - check
Bonus obtained - check?
Hire new management - check
Time to move to new pasture / create new start up

Incoming management left to sustain the business --> Time to remove perks...

 

[reddevil0728]

Raised sufficient capital to merge with Aviva - check
KPI achieved - check
Bonus obtained - check?
Hire new management - check
Time to move to new pasture / create new start up

Incoming management left to sustain the business --> Time to remove perks...

Well it's a cycle. that's why need more entrants.

 

[hyperfuse]

Not too many options I agree. 3 thoughts as of today:

I already moved 10K out to Dash Pet which I had not subscribed to before. (I realize it is only an additional S$30 for the year, but it is psychological more than anything, and the temptation to lock in the rate for a year at least.)

Meanwhile will use June to study how those various 'cash management' options offfered by the likes of Syfe work.

And maybe I'll persist with DBS Multiplier which I was planning to give up. Although I do wonder if a cut in the bank interest rates is not too far behind.

Those who sign up Dash PET earlier, it is still 1.7 for first 10 and above 10k, its 1.2.

 

[saintgtril]

i suppose can move to dash pet or elastiq if you havent hit the max

I intend to do this, and shift to Etiqa

Yah me too.. I can still manage to get 1.5% for 10k...the rest I would shift to Gigantiq for 1% cos already fulfilled the first 10k there for 1.8%...hopefully its doesn't nerf too..

Not too many options I agree. 3 thoughts as of today:

I already moved 10K out to Dash Pet which I had not subscribed to before. (I realize it is only an additional S$30 for the year, but it is psychological more than anything, and the temptation to lock in the rate for a year at least.)

Meanwhile will use June to study how those various 'cash management' options offfered by the likes of Syfe work.

And maybe I'll persist with DBS Multiplier which I was planning to give up. Although I do wonder if a cut in the bank interest rates is not too far behind.

Those who sign up Dash PET earlier, it is still 1.7 for first 10 and above 10k, its 1

Hi all, i think GE has some endorsement @ 1.55%. Can also consider. What else ah?

 

[reddevil0728]

Hi all, i think GE has some endorsement @ 1.55%. Can also consider. What else ah?

That one 3 years

 

[kurt111494]

Hi all, i think GE has some endorsement @ 1.55%. Can also consider. What else ah?

If anyone is interested in GE 1.55%, I can help with referring you. You should be able to get additional vouchers as an incentive for signing up too! Just PM me