Just a note to share that the subscriptions for Capital Plus has crossed $150 million yesterday. However, NTUC-Income will still accept any application recieved by 5pm today. Remember to include a photocopy of your NRIC together with your application forms.
As there is an influx of applications for Capital Plus over the past few days, NTUC-Income will not be able to issue all proposal before the month end. Many of these proposals are expected to be issued in August instead.
In current market conditions, it appears that people are more easily attracted to such capital protected products.
My personal investment philosophy has always been to be on the look out for more investment opportunities when others are fearful, and to be cautious when others are greedy. And fear is almost at a peak in the markets right now.
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Passive Income for Life » » Is NTUC Income Capital Plus policy for you? says:
January 2, 2009 at 9:47 pm (UTC 8)
[...] In Mike Dirnt’s blog in which I have been constantly following, he mentioned about the recent NTUC Income Capital Plus. It does seem attractive to have a high guaranteed interest rate of return this way and in this difficult period, there are a lot of people who will jump on this boat as mentioned in this blog. [...]