Regular life saving plan

blowfish SG

I am looking for a products for retirement purpose, maybe 25 - 30 years .

Anyone know any good plan?

IS ntuc vivolink plan any good?

eagle SG

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.

blowfish SG

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.

eagle SG

http://www.poems.com.sg/FinancialServices/sbpFAQ.asp?value=sbp

Rooney9 SG

defensive counters are starhub, singtel, SPH, Noble, Olam, Comfort Delgro etc

these counters price movements not a lot, but their prices are almost constant.

blowfish SG

will i suffer any losses of market not doing well etc?

eagle SG

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.

Seowlah SG

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.

blowfish SG

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%.

eagle SG

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.

eagle SG

Btw, the one you put out is an ILP, not just a savings plan.

blowfish SG

oh thanks.

BanguIzai SG

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

eagle SG

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.

BanguIzai SG

ok will find out more

Parkeralice65 SG

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

Phantomnite SG

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.

eagle SG

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.