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8 comments
Hi Jasmin,
Fair enough. If you have no faith in the organisation, then don’t touch their products.
ReplyWhat happens if AIA goes bust 4 years from now? Is the sum insured insured?
ReplyHi Singaporean,
If an insurer goes bust, then the policy owners protection fund will come in.
http://www.martinlee.sg/policy-owners-protection-fund-consultation-paper/
Replyhi,
This plan does not suit current inflation environment of 3.5%. Going forward with economies around the globe picking up, it does not make sense to set aside the amount for 5 years. As Independent Financial Adviser, what will you suggest with investment of such amount and time frame?
ReplyHi Daniel,
Every individual has a different risk profile and objectives therefore I don’t really have a standard answer to your question.
For example, a “buy STI ETF” formula might not necessarily work for everyone.
Some people will end up buying high and selling low.
Even if they RSP, past experience has shown that some people will halt the RSP just when prices are low!
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