Regular life saving plan
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I am looking for a products for retirement purpose, maybe 25 - 30 years .
Anyone know any good plan?
IS ntuc vivolink plan any good?
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I assure you it's useless
I recommend doing a sharebuilders plan using philips securities on defensive counters like SingPost and SPH. Over 25 years, you will beat any saving plans hands down.
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Originally posted by eagle:
I assure you it's useless
I recommend doing a sharebuilders plan using philips securities on defensive counters like SingPost and SPH. Over 25 years, you will beat any saving plans hands down.
anylink i can get more info? not so well knowledgable on financial thingy. -
defensive counters are starhub, singtel, SPH, Noble, Olam, Comfort Delgro etc
these counters price movements not a lot, but their prices are almost constant.
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will i suffer any losses of market not doing well etc?
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If u need $$ in the short term, u could suffer from losses. If you are talking over a period of 25 years, the probability is low.
For savings plan, if you need $$ in the short term, you also suffer penalty charges. If talk about a period of 25 years, you get a token sum for saving with them.
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Invest in property or if you do not have enough funds now, get a few people to invest in a single property initially.
The overall return on investing in property is at least 200% over a period of 25 to 30 years.
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http://www.income.com.sg/insurance/VivoLink/index.asp
this one show saving 880 per month, can get 1 mil back in 35 years.isnt it more than 200%.
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Look at the fine print. It assumes 5% per annum, and is not guaranteed.
In the long run, equities in general returns around 8% to 10% per annum.
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Btw, the one you put out is an ILP, not just a savings plan.
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oh thanks.
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Originally posted by eagle:
Look at the fine print. It assumes 5% per annum, and is not guaranteed.
In the long run, equities in general returns around 8% to 10% per annum.
not guaranteed means it could end up either more than 5% or less than 5%
wat are the difference in the risks between the 2 (Sharebuilder & ILP)? not much difference right
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Originally posted by BanguIzai:
not guaranteed means it could end up either more than 5% or less than 5%
wat are the difference in the risks between the 2 (Sharebuilder & ILP)? not much difference right
not much diff in risks
But Sharebuilder gives probability of higher returns for similar amount of risks.
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ok will find out more
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hi blowfish, what kind of plan looking for? Only insurance or life insurance + investment ? Well there are different plans available.. But for long term its better to chose something like life insurance endowment plan for saving money and protection coverage both
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Hello. Paiseh hijack for awhile. I saw eagle talking abt the SBP, and I went to the website to see what is it about. I would like to ask, if the risk is very high or not? I just sign up for one regular saving + insurance plans la, so sad.
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Whether risks is high depends on the individual controlling it.
For me, I don't even go for SBP for the dollar cost averaging. I buy direct from the mkt when I think/believe/guess/calculate/feel the price is right.