zurich z saver plan

[darrenlee78]

Any comments on this? Put in 30k over 5 years and wait.

 

[Dividends Warrior]

Any comments on this? Put in 30k over 5 years and wait.

wait for?

 

[Aerial86]

I believe he is talking about waiting for the maturity. Maybe TS should elaborate on what are you hoping to get from all of us here? Savings plan are more or less the same in terms of features across companies, except for the returns which have to depend on track record and company profile to gauge.

 

[NiteX2]

It is an ILP, not favourable if you are intending to put in over the short term. The charges will wipe out a portion of your returns over the 5 years.

 

[Belle69]

I wouldn't lock in my money with these Bankers.

They lose your money they still get their bonuses.

 

[Aerial86]

It is an ILP, not favourable if you are intending to put in over the short term. The charges will wipe out a portion of your returns over the 5 years.

Totally agree with you. ILP even for long term is not advisable unless you are truly looking at the protection portion only and having a possibility of activating the "premium holiday" feature.

If its for wealth accumulation, you could find much better instruments out there.

 

[darrenlee78]

Sorry for not clarifying but I'm thinking more about the potential returns for this vs building a dividend portfolio of stocks

 

[NiteX2]

Sorry for not clarifying but I'm thinking more about the potential returns for this vs building a dividend portfolio of stocks

In that case you are better off buying into stocks on your own or unit trusts, save yourself on the costs incurred on the ilp since you do not need any form of coverage. Unless you are interested in buying into the more niche funds offered by Zurich

 

[Henrypoo]

I am an adviser from Zurich Life SG. Basically the z saver 5 is to achieve long term capital appreciation. The protection coverage of cos can be lowered to the minimal to achieve better return. Moreover you cant compare between investing in shares and mutual fund. This are two different instrument. Pm me if you are interested to know more.

 

[undiscern]

ILP is the worst product for consumer but best product for insurers.

 

[Henrypoo]

Well it really depend on how the consumer utilize it. If you know how it really works, it will be safe and sound. And of cos the return is also based on market situation. Sometimes it might be the agent have no idea what he is selling or the consumer don't know what he/she is buying. I have seen client bgt a ilp, 1 year+ later make a profit double of what he put.

 

[icicic]

Well it really depend on how the consumer utilize it. If you know how it really works, it will be safe and sound. And of cos the return is also based on market situation. Sometimes it might be the agent have no idea what he is selling or the consumer don't know what he/she is buying. I have seen client bgt a ilp, 1 year+ later make a profit double of what he put.

I have seen someome do the same, profit of double what he put in 1 minute+ at the baccarat table. End of day you can't double returns that easily without taking on alpha or idiosyncratic type of risk if diversified market is returning 10+%

 

[Henrypoo]

I have seen someome do the same, profit of double what he put in 1 minute+ at the baccarat table. End of day you can't double returns that easily without taking on alpha or idiosyncratic type of risk if diversified market is returning 10+%

Yes I agree with you. Returns don't come easily. That's why your portfolio is handled by professional fund manager to spread the risk and allocate the funds accordingly. Be it alpha, beta or sharpe, this manager knows it well better than layman. If you have the time, knowledge, capital. You can always invest on your own.