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Soon Xiaohui

FX trader, Equity lover. Enjoy incurring P.H.D while developing solutions in Financial Service & IT.

Soon Xiaohui

Analyst at Common Place

77Upvotes

About

FX trader, Equity lover. Enjoy incurring P.H.D while developing solutions in Financial Service & IT.

Credentials

Analyst at Common Place

Soon Xiaohui

Analyst at Common Place

77Upvotes
  • Answers (32)
  • Questions (0)
  • Reviews (3)

Insurance

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Updated on 12 Jun 2019
Hello there, Let me add some clarification on the plan plusar. This plan has insurance charges if your boyfriend has chosen "enhanced death benefit". That is something which you should check first especially if you wish the plan to be solely focusing on investment. Secondly, you did not highlight how long is the premium term. Just for your info, the longer the premium term, the higher the surrender charge starting from 1st year. Thirdly, is the premium Sustainable for your boyfriend in the long term? 4thly what is the objective of having this plan & the other plan?? Gotten identify this. So before any surrendering of a plan, you have to identify what is your main concern(s) & whether is there any step(s) to address to it? last & not least, here is the link to summary(brochure) of pulsar; https://myaxa-singapore.cdn.axa-contento-118412.eu/myaxa-singapore%2F7a319d7d-795a-4b3e-be21-a2754c6c7c43pulsarbrochure.pdf however please take note that you have to refer to policy wording for the exact details & the start up bonus may be different too. If you need any personal discussion, do feel free to approach me or you may continue on this thread. Hope these pointers are able to help you & bf to sort out the thought

Credit Card

Promo Codes

Soon Xiaohui
Soon Xiaohui, Analyst at Common Place
Level 5. Genius
Updated on 07 Jun 2019
Another link to share. Do remember to top up $20 in order to get the free $10 :) https://youtrip.app.link/GUO%20QIANG5730

Investment Linked Policies (ILP)

Endowment Policies

Comparison

Investments

Insurance

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Updated on 07 Jun 2019
Hello, actually it is not advisable to comment on whether you should surrender the plan; especially if we are licensed representative. This is to prevent another agent/adviser to missell you another product. However we can highlight the important factors for you to decide. 1. every endowment plan is different & there are many types. So the best way to look at it, with its benefits illustration & wordings 2. in endowment plan, there is guaranteed & non-guranteed portion. For some plans, they do have higher guaranteed amount while the rest with lesser guaranteed amount. So if you have higher guaranteed, it is likely that your non-guaranteed is lower, it goes the same for the other way. 3. so when you purchase a saving plan, it is best to highlight what is your expectation? for example: are you looking for capital guaranteed? flexiblility to withdraw? 4. Does your current plan fulfill point 3? Point 3 should used in any finanical planning at all times. Additionally, if you bought your plan based under the impression that it will give you the return of the projected figure 4.75%, you may approach the bank to confront on this plan or raise a case with MAS and FIDREC. If it is proven that there's a breach, they will return you the money, or accord you the claimed returns. In my personal opinion, I do not calculate 100% of the non guaranteed amount as there is incident (in the past) that bonus is not being paid. Therefore, I do kinda of agree of the calculation found, https://blog.seedly.sg/guide-basics-endowment-plan/ usually I will give a range as we should never guaranteed the non guaranteed amount. As for ILP, it is an investment plan however it does not invest into unit trust directly (common misunderstanding) . The correct defination - ILP is invested into sub-funds which may feed different assets (fund trust, etf through a fund house). This is documented under Product Highlights Sheet. The attached images are how a Product Highlights Sheet may look like. ! ! ILP has its own advantages & disadvantages however it does not suit everyone. If you are solely interested in investing assets such as unit trust, you may open an investment account to direct invest into it. In the meantime, if you have any question(s), you may drop me a message via facebook. Wish you all the best.
Answer image preview

Expenses Tracking

Savings

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Updated on 07 Jun 2019
Honestly, it's actually fine; done it personally even on first date. Hahaa. I was asking my date if he mind dining at that specific place because I wanna to eat there & additionally I do have the entertainer membership. So i let him know if he wishes to order something out of the available menu, its still okay. And ended up he happily pay off the bills without going on dutch with me. (Im still fine with it haha) On the other hands, I did went on date when the guy wanna to go to the restaurant of his choice (that's fine). Yet when he looks at the menu, he finds the prices are steep & then he asked me do we mind sharing food & costs~ Etc. That actually make the date pretty awakward & shows he is Cheapskate. So the main point is depending how u bring across the message to your date. I mean if you really wan to try the food because there is special deal on it. Let ur date know about it. Maybe he/she also likes it. And most important both should be comfortable with one and another :) good luck.

Seedly TGIF

General

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Updated on 07 Jun 2019
Who is watching Venom this weekend? I just bought my tickets to catch it with family ^^

Investments

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Updated on 07 Jun 2019
Hello Here's my thought: For algorithm trading - it helps to remove your emotional fears, and it helps you to stick to your trading strategies firmly. but the downside is you must know how to code, it is not the usual programming language. It has little documentation on it. And before you start, you must have firm strategy & trading experience. For manual trading - we may self sabotage our trades by gambling, not sticking to our own rules, forgotten to implement risk management into our trades, etc. And not to mentioned, we may not have time to look at the charts. But the adv is you may trade more profitable trades than algorithm trading as algorithm requires absolute conditions to enter or exit the market. Well even though algorithm trading is tough to code but what I can suggest is why don't you start from modifying some of the trading indicators to improve the accuracy of your trading strategy.

Insurance

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Answered on 19 Oct 2018
Hello there, there are a few points need to highlight to you. 1. Its 1 million coverage is focusing on accidental death. There is a difference between death coverage & accidental death coverage. That is something which you should understand first. 2. Then regarding promotion, Im not sure which promotion you are referring about but based on their website, they do have promotion till end of this year, therefore try avoid signing up for any plan just for promotion. Therefore it may not be end of this week. 3. If you look at the coverage again, think about it again; do you need such high coverage for accident? Some wl or term insurance may allow you to add coverage for accidental death if that is what you are concern with. However usually personal accident plan is more about medical claims during an accident (avg $3,000 to $5,000 medical coverage) and the better personal plans arecheaper than the plan which you mentioned. 4. Look back at your insurance coverage first - check whether do you have at least hospitalisatIon plan, follow by Death & CI coverage. If you need any help, just post your questions here or pm. please avoid purchasing without understanding the product

General

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Answered on 18 Oct 2018
hmm 3 k of Q&A, should be 4.5 k of upvote ba :) haha

Investments

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Answered on 17 Oct 2018
Always save your emergency funds first (which the gentlemen have highlighted) no matter what. There is always opportunities for investment. :) And if you are really interested in investment, you can save a portion of your income for opportunities while another portion for regular saving/investment. The portion saved for opportunities may be use to investment education too. wish you all the best in your investment journey. :)

Insurance

Soon Xiaohui
Soon Xiaohui
Level 5. Genius
Answered on 14 Oct 2018
Hello there, as budget is a major concern for you, a term plan is strongly recommended for you. As you did not mentioned detail on the coverage, you may look at 5/10 renewable term (for short term or temp coverage) or term till specific age. You may use comparefirst.sg to do a quick comparison. Or do approach me if you need some assistance/advise on this.
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