Club 30's "Kill The Boredom Demon" Jive Pad, 58th Edition

last SG · 2007-10-03T09:51:00+00:00

I buy you all the chicken you can eat, plus the claypot chicken rice nearby

Wanda SG

Is it investment plus insurance policy? I don't need another investment linked policy...

elindra SG

Oh yeah
I dunno about AIA but Prudential allows you a free switch as long as you don't do it often

I tell you the DBS one is daylight robbery
No switch they charge you also
KNN I will never get another mutual fund account from them anymore.
That one was a super bad buy

Same for me actually I need to start paying attention to my funds again Laughing

elindra SG

It bounced up NOT ENOUGH TO COVER MY LOSSES and than it dropped again ok

The bouce was too short

If it is just the losses only ok
BUt it is the fucking fee DBS charge for investing in the fund every month

Also when it bouced back up it was not enough to cover the fucking fee they charge

And the money is just there lor they charge you a fee for doing nothing

So better read the fine print.

That was an expensive mistake

Ferret SG

no no, actually what i meant was that, lets say u r on expat pay ur salary will be higher. their fees will be based on a certain percentage of ur salary.

if u are a sporean, ur pay will be lower, thus translating into lower comm for them all.

it may not be the case, but it could be a reason for the discrimination of course. Very Happy

hisoka SG

i put mine in the aviva de Mr. Green

made abit le Very Happy

and hor you might want to think of using it b4 the 20k thing jumps in

Wanda SG

Income has some invm funds that allows 2 free switches per year.

As for banks, dun use Stanchart also...they are really bad in their choice of funds... Mad

elindra SG

Dun use DBS too
Bloody vampires
They charge you monthly for not touching the funds too Mad

Ferret SG

ahhh thats the kind of stuff i was looking for.

like elindra's qns " on credit card application" prior to loan approval, mousie's qns on "income protection" and now ur "mortage insurance"

I kinda remember tare telling me abt mortage levy, reno loans, etc thats why I was able to look into my options the other day as well as asking intelligent qns from the HDB officers.

You see, everything's so new to me, I have no idea where to even begin asking questions. >.<"

I need more stuff like that.

Since I am most likely finalising my decision by end month, I need to know what kind of stuff to look out for...

Wanda SG

That is ridiculous...the other banks I know will normally charge the 5% sales charge, and the management fee will be taken care of, ie, included in the calculation of potential returns.

Anyway, I've never like DBS, or UOB....for poor service. Laughing

elindra SG

Basically all these affect your credit risk status which might affect your decisions in the future

Most important thing before you sign anything is READ THE FINE PRINT
Dun make the same mistake as me ><

Ferret SG

I wish my salary was that high Very Happy

then I wouldnt even be asking =x lol

unfortunately, my salary fluctuates (Comm based) thats why I wanna find out how much risks I can handle and what I am taking on for this.

Celtic Knot SG

Ferret, one more thing to consider...(oso not to pour cold water)..is that if one day..(choi choi), if u decide to quit your job and kana jobless for half year with no income, would u be able to handle the situation?

just a caution u might want to consider seriously.. Neutral

(big sis point of view)

Ferret SG

yeah that occured to me.

I am telling u, the fine print's horrendous. Mad

Fatum SG

you may be right ... but it still left a bitter taste in my mouth ....

I've had a lot of phone calls from US based companies and headhunters too ... they want only Canadians ... cos Canadians can work in the US easily without much restrictions cos of NAFTA (I think) ...

they'll even pay you relocation expenses and all that ... but the moment I tell them I'm not Canadian but a Singkie .. they'll just say thanks but no thanks and hang up .....

oh well their loss .....

time to orhzz liao ...

av98m SG

Yes I get to switch for free Laughing (limited to 4 times per fund)

Wanda SG

If I can still remember, if you buy HDB, they will force you to take up the mortgage insurance (something Dependents' insurance or something) and the fire protection insurance...so that's taken care of.

hisoka SG

well can't blame them in that case not like the other regional bullcrap thing......

elindra SG

Ya mortage insurance is important
We did buy that as well.

AV the sad thing about insurance is that you are worth more dead and alive

And due to the nature of my accident insurance, my family is a hell lot better off if I die in an accident.

Ferret SG

thats what I was thinking too.

i am like frantically punching the numbers now >.<"<br /><br />I am ok with my CPF-hdb loan mortage because if my numbers for that are right, I can pretty well cruise by without any CPF income for at least 2 years <img src="/images/emoticons/classic/icon_biggrin.gif" alt="Very Happy" title="Very Happy"/> that was the reason i was looking at the 30 years (max) rather than 20. Just in case something happened to my parents or me, at least we have some time before making another major decision.<br /><br />I am hesitant abt the reno and personal loans because I havent worked out my "comfort zone" numbers, risks which I am to handle without much lifestyle changes.

av98m SG

ahh..thats a good policy.

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