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Anonymous
I've been planning to get a savings plan for a while. Have some queries about it and hope you all can help me on it.
Should we get it from Insurers with endowment savings plans or DIY? What are the methods available for a common man in Singapore?
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Loh Tat Tian
03 Jun 2019
Founder at PolicyWoke (We Buy Insurance Policies)
The simplest to a common man is to look for IRR return.
The internal rate of return tells you how effective money has been utilise. The higher and better the IRR, the more efficient money has been used.
The other indicator is how big the nett present value is after deducting the cashflow.
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Vincent Tan Wen Bin
31 May 2019
Assistant Vice President at Thinkers Alliance
If we are looking at endowment plans, to make things simple, look at total effective yield. The proj...
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1) do u like locking up your money for a period of time?
2) is the guaranteed returns satisfactory to you?