Savings Vs Investment

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.
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kitty2
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Re: Savings Vs Investment

Post by kitty2 » Thu Dec 01, 2016 4:06 pm

Is retirement insurance worth investing? I am not sure how is the return or whether it has a higher interest rate. Anyone has any idea?

starlight1968sg
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Re: Savings Vs Investment

Post by starlight1968sg » Thu Dec 01, 2016 4:24 pm

kitty2 wrote:Is retirement insurance worth investing? I am not sure how is the return or whether it has a higher interest rate. Anyone has any idea?
I wont buy
Insurance is a transfer of risk
Eg medical bills is something which i cant predict how much i need
But for retirement, apart from a paid roof overhead, the $$ saved during working years will be my retirement fund.

moomoolee
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Re: Savings Vs Investment

Post by moomoolee » Fri Dec 16, 2016 11:38 am

Anyone is familiar with investment or savings plan that are good?

starlight1968sg
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Re: Savings Vs Investment

Post by starlight1968sg » Fri Dec 16, 2016 3:14 pm

moomoolee wrote:Anyone is familiar with investment or savings plan that are good?
All pdts are high return high risk, low return low risk
What am afraid of is pdts masked as low risk but are actually high risk

oliviachng
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Re: Savings Vs Investment

Post by oliviachng » Fri Dec 23, 2016 10:31 am

invest in a REIT, it will give you a better return on your money than investing in investment/saving plans.


archcherub
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Re: Savings Vs Investment

Post by archcherub » Sun Dec 25, 2016 10:05 pm

invest in ETFs. save money on middlemen ba.

ETF indices also has less risks.. its stocks, but a basket of stocks instead.
and no extra fund manager fees like those unit trusts :D

jocelynnai
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Re: Savings Vs Investment

Post by jocelynnai » Sun Jan 15, 2017 5:20 pm

I am a Financial planner from AXA. If you look at investment, you may like to look at the investment plan offer by AXA. We offers a upfront financing to you without interest. How it works is that every $100 you put in for 30 years, AXA will upfront give you $180 . And you start with a $280 to invest instead of your own $100 only. You can choose the funds to invest in or I will normally recommend some bonds funds with dividend for the past few years for people who not high risk taker. The returns are surely better than fixed Deposit. If you are keen to know more, you may PM me or contact me at 98483905.

gracemagg
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Re: Savings Vs Investment

Post by gracemagg » Mon Feb 13, 2017 9:03 pm

moomoolee wrote:Anyone is familiar with investment or savings plan that are good?
For investment, it really depends on your risk appetite and time horizon.
If you are risk adverse, then retirement income plans / endowment plan are not too bad.

Regardless, I've done my research on the various retirement income plans and endowment plans available so I'm privy of which company has the best yield :) I can share with you more in person if you'd like!

starlight1968sg
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Re: Savings Vs Investment

Post by starlight1968sg » Mon Feb 13, 2017 10:42 pm

Who is not risk adverse? Nobody wants to lose any of his money

slmkhoo
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Re: Savings Vs Investment

Post by slmkhoo » Tue Feb 14, 2017 8:33 am

starlight1968sg wrote:Who is not risk adverse? Nobody wants to lose any of his money
But some are willing to take more risk (in the hopes of higher returns) than others. Not just in investments, but in jobs, spouses etc etc!

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