How make $$$ work for u??

[Speedz76]

But the last fund my insurance agent recommended to me few years ago is making about about 10-15% ROI

What about gold?? maybe i should open a poems account and buy gold bit by bit??

 

bro

 

MAYBE if u had invested in a same (if there is) or similar theme unit trust, you would most probably earn more than the 10% to 15% returns.. who knows

 

most impt is u earned $$ :)

Edited May 25, 2010 by Speedz76

[Joseph22]

ya bro!i cancel mine in 6 months..thinking is v v bo hua...calculate here n there..in my layman term..cannot see any returns..

 

if individual funds still ok,dont do ILP..sure bo hua one

 

i think there is a big misunderstanding on how ILP works. (rather how Insurance agency want us to believe it works)

 

If you used it to do a 1 time 1 lump sum investment, it will not work. If my thinking is not wrong ILP will only so call have good return if we are using cost averaging method. Meaning, you invest a fixed sum every year to the same fund. Overrall, base on market trend, your money will increase by around 10~20% (that is what they want you to believe).

 

This type is suppose to be a tools for those who dont know how to do investment or lazy to do any investment type. IN short, buy and forget.

 

Personally i think its a good tools but should only be investing a small % of your total investment portfolio

[Freestylers09]

i think there is a big misunderstanding on how ILP works. (rather how Insurance agency want us to believe it works)

 

If you used it to do a 1 time 1 lump sum investment, it will not work. If my thinking is not wrong ILP will only so call have good return if we are using cost averaging method. Meaning, you invest a fixed sum every year to the same fund. Overrall, base on market trend, your money will increase by around 10~20% (that is what they want you to believe).

 

This type is suppose to be a tools for those who dont know how to do investment or lazy to do any investment type. IN short, buy and forget.

 

Personally i think its a good tools but should only be investing a small % of your total investment portfolio

 

 

not sure...but base on my explanation

 

1 lump at $1,anything above $1 i earn

 

ILP 18months is 0 value,after that is 50% and 100% investment iirc

 

u see,to take back 18 months value (break it monthly), i need my fund every year around 50% to recover this 18months of 0 value..meaning $1 to become $1.50, then $2+..etc etc

 

in history, i havent see this kind of 50-80% yearly in the funds they offer yet..

 

i not doing average method..but base on my layman terms..doesnt sound logical to me,though it has insurance coverage...but 20-30 years,break even point is not even there base on the value of funds to date calculated...

 

thats why i do a split and other policies instead...

 

not sure u get what i mean anot

Edited May 26, 2010 by Freestylers09

[Joseph22]

not sure...but base on my explanation

 

1 lump at $1,anything above $1 i earn

 

ILP 18months is 0 value,after that is 50% and 100% investment iirc

 

u see,to take back 18 months value (break it monthly), i need my fund every year around 50% to recover this 18months of 0 value..meaning $1 to become $1.50, then $2+..etc etc

 

in history, i havent see this kind of 50-80% yearly in the funds they offer yet..

 

i not doing average method..but base on my layman terms..doesnt sound logical to me,though it has insurance coverage...but 20-30 years,break even point is not even there base on the value of funds to date calculated...

 

thats why i do a split and other policies instead...

 

not sure u get what i mean anot

 

yap. that is why, i was thinking unless you are doing average cost investment method, its not really worth it as it will fluctuate like other stocks investment. better to put into other investment base on this.

 

if the market is in lowest end of the U cruve, it might be good though.

[Topaz]

Many who made their millions in a short time are those who have the guts to lose all they lay on the investment table.

 

 

Wah...like playing in Casino table games like that....

 

[Tigerwoods]

Can you employ me? I am in my current job for the past 11 years liao.

Needed a change desperately.

Sorry just employed 1 Sales Executive for our India Market. Must speak minimum Tamil and Hindi...

You can ah ??

[Nutsack]

Investing is a journey.

 

The earlier you start the better. Because you need to make mistakes to learn. The earlier you make your mistakes, the smaller the consequences.

 

I started in my early 20s. Years later the things I learned started showing some benefits - monetarily, in terms of patience, wisdom and foresight.

 

Reading very frequently and very widely helps too.

 

But the sad truth is, you cannot expect to turn a few thousand dollars into millions. Starting with a few hundred thousand would be more feasible as a launchpad for greater returns.

 

So your primary goal is to reach a good enough level of initial capital, and learn enough along the way. What happens after depends on how much you learned beforehand and some bit of luck.

[Throttle2]

Investing is a journey.

 

The earlier you start the better. Because you need to make mistakes to learn. The earlier you make your mistakes, the smaller the consequences.

 

I started in my early 20s. Years later the things I learned started showing some benefits - monetarily, in terms of patience, wisdom and foresight.

 

Reading very frequently and very widely helps too.

 

But the sad truth is, you cannot expect to turn a few thousand dollars into millions. Starting with a few hundred thousand would be more feasible as a launchpad for greater returns.

 

So your primary goal is to reach a good enough level of initial capital, and learn enough along the way. What happens after depends on how much you learned beforehand and some bit of luck.

 

 

thats pretty well said.

[Without_a_car]

I am rather lazy these days, don't have the stamina and endurance to monitor market movements.

 

I transferred my OA balance to the SA to make up current prevailing sum of $117,000. Left to compound at 4% interest pa it should be sufficient to meet the minimum sum when I am 55 at 2031, which is $249,000. (That is assuming the yearly increment maintains at $6000, and SA interest maintains at 4% pa)

[Icedbs]

I am rather lazy these days, don't have the stamina and endurance to monitor market movements.

 

I transferred my OA balance to the SA to make up current prevailing sum of $117,000. Left to compound at 4% interest pa it should be sufficient to meet the minimum sum when I am 55 at 2031, which is $249,000. (That is assuming the yearly increment maintains at $6000, and SA interest maintains at 4% pa)

 

Well, if I were you, I won't be satisfied with 4%.

 

It's so easy to beat with some little effort.

[Without_a_car]

Well, if I were you, I won't be satisfied with 4%.

 

It's so easy to beat with some little effort.

 

Indeed.

 

But why do the work for CPF. Since the government insist keeping $249,000 as minimum sum, I write off $117,000 and let them pay for the rest of the $132,000.