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Amanda Ho

hey there, im here to provide alternative financial decisions & add value *not to sell insurance. for direct messages, find me at:

Amanda Ho

Financial Planner at AXA

1Upvotes

About

hey there, im here to provide alternative financial decisions & add value *not to sell insurance. for direct messages, find me at:

Credentials

Financial Planner at AXA

Amanda Ho

Financial Planner at AXA

1Upvotes
  • Answers (6)
  • Questions (0)
  • Reviews (0)

Loans

Property

Amanda Ho
Amanda Ho, Financial Planner at AXA
Level 2. Rookie
Answered on 21 Sep 2018
Hi there, would recommend you to take up HDB loan (2.6%) instead of wipping out your CPF OA account if you can. Keep at least 20,000K in your CPF OA account as interest rates will be at 3.5% instead of 2.5% when CPF-OA account drops below 20,000K. 3.5%-2.6%=0.9% With that you can actually be "earning" 0.9% with the remaining amount in your OA account to "pay off" your HDB loan. Hope it helps :)

Bank Account

Investments

General

Amanda Ho
Amanda Ho, Financial Planner at AXA
Level 2. Rookie
Answered on 21 Sep 2018
Hi there, would recommend getting a savings plan or a long term investment plan to growth your wealth. Savings plans are at generally at 3% interest and investment plans can have interest as high as 10% or higher (after deductions of all charges). Currently i might have something that could help you achieve your goals as well as achieve your retirement needs. If you're interested feel free to FB message me. I would be glad to share what i have with you and add value to you. Side note: With that amount of money, it's better to diversify it instead of throwing a lump sum into an account/plan/investment/biz. It's always good to have a few platforms of income to better protect what you already have and minimise the lost. Disclaimer, i'm not an insurance agent.

Fresh Graduates

Savings

Family

General

Amanda Ho
Amanda Ho, Financial Planner at AXA
Level 2. Rookie
Answered on 21 Sep 2018
Hi there, if you're saving your savings in the bank (Interest rates at 0.05% generally), i would recommend getting a savings plan or a long term investment plan to growth your wealth. Savings plans are at generally at 3% interest and investment plans can have interest as high as 10% or higher (after deductions of all charges). But you should be aware of the inflation rates figures (e.g: 6% inflation for poly fees yearly), the number of years to your retirement and the amount of money you need to save for your future plannings. Currently i might have something that could help you achieve your goals as well as achieve your retirement needs. If you're interested feel free to FB message me. I would be glad to share what i have with you and add value to you. Disclaimer, i'm not an insurance agent.

Education

Lifestyle

Wedding

Bank Account

Amanda Ho
Amanda Ho, Financial Planner at AXA
Level 2. Rookie
Answered on 21 Sep 2018
Hi there, would recommend getting a savings plan or an investment plan to growth your wealth. Savings plans are at (3% interest) and investment plans can have interest as high as 10% or higher. If you're interested you can PM me, i might be able to recommend you something you need and add value to you! Disclaimer, i'm not an insurance agent.

Lifestyle

Wedding

Bank Account

Amanda Ho
Amanda Ho, Financial Planner at AXA
Level 2. Rookie
Answered on 21 Sep 2018
Hi there, would recommend getting a savings plan or an investment plan to growth your wealth. Savings plans are at (3% interest) and investment plans can have interest as high as 10% or higher. If you're interested you can PM me, i might be able to recommend you something you need and add value to you. Disclaimer, i'm not an insurance agent.
Level 2. Rookie
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