Why do people still invest in fixed deposit/endowment plans/sign ILPs with high fees when crypto provides high APY?
And even stablecoins like USDC and USDT receive 15-18% APY...the opp cost is real
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When you think longterm 15-18% is never sustainable
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Daniel Chua
14 Nov 2021
Digital Audio Visual Production (Nitec) at ITE
This APY. why bother with endowment and fix D or ILP.
but then again im still finding out more about this project so this post is just for fun something lite hearted for the weekend.
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The case of the greater fool but then again indulge in alittle or perhaps a bigger stake in accordance to one's risk appetitte.
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I think some people are just simply not interested in this space. therefore choosing to leave their ...
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I do agree ILPs are some of the worst financial products in the financial ecosystem - sold mostly by commission hunting planners...I mean c'mon, with the options available these days, if I need to lock in my $$ for 10 years, I would expect a guaranteed 10% PA returns but current ILPs returns are nowhere near 10% PA, coupled with high fees etc. Totally irrelevant product...to answer your question, I guess some planners are still pretty persuasive? Then again, I don't think it's not too wise to compare ILPs/fixed Ds with crypto staking, the risk levels are so different...a better comparison would be Robo investment with the option to choose your own risk level.