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Ben Ng

Providing Financial Consultation to people from all walks of life.

Ben Ng

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Providing Financial Consultation to people from all walks of life.

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Ben Ng

  • Answers (7)
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SeedlyTV S2E07

Investments

Endowment Policies

ETF

Insurance

Investment Linked Policies (ILP)

Online Brokerages

Investing into ETF fund vs Endowment plan - which is a wiser choice given that I am an 18 year old investor?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered 2w ago
Hi there! Firstly, you have to ask yourself a few things. 1) Your investment time horizon 2) Your Risk Profile - Would you prefer something that provides a guaranteed cash portion? 3) What is your goal? For me, I have a long time horizon, I prefer to take calculated risks to obtain higher returns on my investment and I aim to achieve Financial Independence by the age of 40. And the only way, I am gonna achieve this is by investing. Definitely not putting my money into an endowment plan. Hope this clarifies.
ūüĎć 0

Endowment Policies

Whole Life Insurance

Insurance

Savings

I have a AIA smartrewards saver 25 endowment plan since 2011. It’s a 25 year premium plan. Should I consider to stop it because I find the guaranteed returns to be too low?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered 4w ago
Hi there! I totally understand where you are coming from. However, just by the fact that you have already paid the policy for 9 years, I will strongly discourage you from terminating your policy. Normally, these are the considerations which I will take into account when deciding to terminate an endowment/whole-life plan: 1) Premium size 2) What is the potential savings in the long run? 3) What was the main reason for purchasing this Endowment/Whole-Life plan? Is the main reason still valid? 4) How long have you paid the policy for? (Generally, policies that are 2 years & below, might still be worthwhile to terminate) You can consider using the guaranteed cash coupon from your endowment plan, to do some investing. By doing so, the maturity value will definitely be much lower, but if you can put this cash coupon to generate higher returns, why not?
ūüĎć 0

Investments

Investment Linked Policies (ILP)

Unit Trust

Any potential/good Prulink funds that i can look at to invest?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered 4w ago
Hi there! May I ask - Why specifically Prulink Funds? Are you currently invested in a Prudential ILP? Personally, I feel that there are much better funds out there. Just to name a few: Vanguard, Fidelity etc. If you require more assistance, please feel free to drop me a message. I am more than willing to assist.
ūüĎć 0

Investments

Anyone uses Proinvest advisory service or any advisory companies to invest or seek consultation? How do you find them?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered 4w ago
Hi there! May I ask how did you come across Proinvest Advisory Services (PIAS)? If you need further assistance, feel free to drop me a message. I am a Consultant with PIAS. Stay safe, cheers!
ūüĎć 0

Savings

Investments

Stocks Discussion

What should I do next for my investment portfolio, given my situation?
Ben Ng
Ben Ng
Level 3. Wonderkid
Updated on 03 Nov 2019
Like what Min An has mentioned, please ensure that you have sufficient insurance coverage before deciding to invest further. I would advise you to list down a few things: 1. Your Financial goals (Short and Long term) before deciding on your next investment move. If you are required to fork out a sum of money in the near future (such as a wedding, BTO etc.), then you should be looking at safer investments (Bonds, Fixed deposit etc). 2. How much can you afford to lose? (Risk appetite) 3. What is your expected rate of return per annum? On a side note, you can even consider using a small percentage of your spare cash to invest in yourself. Attend career workshops, seminars etc.. to further enhance your skillset which can contribute to higher income earnings. While planning your next step, you can also park your money in bank accounts such as DBS Multiplier Account for the time being.
ūüĎć 1

Investments

REITs

SeedlyTV S1E05

I have around $40k to invest, should I put most of it into REITS?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered on 07 Aug 2019
Why REITs though? Would love to hear your thoughts. Do take a look at your risk appetite and time horizon. https://www.financialsamurai.com/the-best-asset-allocation-of-stocks-and-bonds-by-age/. Don't be hasty to put all your eggs into one basket. Read up on different investment platforms after you have determine your risk profile and assess them.
ūüĎć 1

Retirement

Savings

Career

Would you rather make $30,000 a year doing a job you enjoy or making $100,000 doing a job you don't like?
Ben Ng
Ben Ng
Level 3. Wonderkid
Answered on 13 Nov 2018
Haven't officially start my rat race, but soon enough. Here's my take on things. For me, I will definitely choose the 100k job. Reasons: 1. At the end of the day, I will still be an employee. Why not earn as much as I can, and probably start my own business or do investment which can create multiple streams of income for myself. 2. Once time is lost, we can never get it back. So I would rather use the same amount of time to achieve a higher earning potential. 3. I believe it's a rare opportunity. Since you mentioned that you are currently earning 30k, so it is definitely a huge increase in your paycheck. And opportunities don't come very often, I would take it if I were you. Most importantly, I feel that you should identify what is your main objective that you would like to achieve from your career. If you are money-driven like me, then by all means go ahead and take up the offer for the 100k job. You might not enjoy it, but if it can contribute to early retirement so that you can spend time with your loved ones, I think it's definitely worthwhile. Just my two cents worth.
ūüĎć 0
Level 3. Wonderkid
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