facebookGREAT EASTERN Prestige Life Rewards worth it? Would this be a good instrument if i have a lump sum of money and wanted a risk-free way of getting passive returns. Or should i just get into etfs ? - Seedly

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Anonymous

11 Jun 2019

General Investing

GREAT EASTERN Prestige Life Rewards worth it? Would this be a good instrument if i have a lump sum of money and wanted a risk-free way of getting passive returns. Or should i just get into etfs ?

Discussion (8)

What are your thoughts?

Vincent Tan Wen Bin

Vincent Tan Wen Bin

31 May 2019

Level 7·Assistant Vice President at Thinkers Alliance

It depends on how you want to play the game. If you are totally risk averse, a retirement plan or GEPLR can work for you. However, return might not be the best compared to investing in funds, equities etc

You might want to diversify and take calculated risk so that you can have some money that gives you a more conservative return in participating policies like GEPLR and also have some money working hard in funds or equities that will pay off in the future.

In short, if your investment time horizon is more than 15-20 years, you are better off with broad-market globally diversified ETFs. Cost wise and return, it will crush almost any annuity.

One ETF in mind ("no effort" and long-term buy and hold) is Vanguard Total World Stock.

https://www.etf.com/VT

Go read the following books before embarking on any investment plan, 1) The Intelligent Investor by Ben Graham, 2) The Little Book of Common Sense Investing by John Bogle

It will served you well. Get into habit your own due diligence before emarking on any investment.

Luke Ho

Luke Ho

28 May 2019

Level 10·Kick-Ass Financial Services Consultant at Trillion Financial Planners

How old are you?

I'm going to take a fairly decent assumption here and assume that if you can affo...

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