Soon Xiaohui
Analyst at Common Place
Level 5. Genius
‧ 71 upvotes received
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FX trader, Equity lover. Enjoy incurring P.H.D while developing solutions in Financial Service & IT.
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Analyst at Common Place
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  • Asked by Anonymous

    Soon Xiaohui
    Soon Xiaohui, Analyst at Common Place
    Level 5. Genius
    Updated on 04 Dec 2018
    Another link to share. Do remember to top up $20 in order to get the free $10 :) https://youtrip.app.link/GUO%20QIANG5730
  • Asked by Anonymous

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 19 Oct 2018
    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.
  • Asked by Anonymous

    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
  • Asked by Leong Wen Fong

    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
  • Asked by Anonymous

    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. :)
  • Asked by Anonymous

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 15 Oct 2018
    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.
  • Asked by Anonymous

    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.
  • Asked by Kenneth Lou

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 09 Oct 2018
    Actually blockchain is a technology which many people mistaken them. They always refer cyptocurrency = blockchain however that is not true at all. Cyptocurrency is just an application which is build on blockchain technology. I prefer to call blockchain a transaction ledger in simplied term. In future, I would like to see more application using blockchain technology as this means there will be more transparency in all the transaction which ever business is doing/making. For instance, in investment point of view, you may see companies' business transaction as an open ledger; perhaps in depth of who is their debtors or creditors. This will allow us to think twice/carefully on the potential of whether should we invest into this company in long term or short term. Bitcoins may be a hyde however blockchain technology is never a hyde. For additional information, you may read on these following links :) https://www.theverge.com/2018/7/23/17602762/google-cloud-blockchain-digital-asset-blockapps https://azure.microsoft.com/en-us/solutions/blockchain/
  • Asked by Anonymous

    Soon Xiaohui
    Soon Xiaohui
    Level 5. Genius
    Answered on 08 Oct 2018
    hmm I used to be a hard core gamer haha. But I quit gaming after I decided to do something else. Something unknown about me, I have game development (programming/testing) background. I cant deny that it's always a gamer dream to do something related to gaming, which explains why I choose speciality in game development. Once a gamer, will always be a gamer. =) #gamerforlife (Make a guess what kinda of games I actually love to play~ definitely not maple story lol. ) On serious note, In the past, there are little platforms for gamers to make income. Those who are paid are really rare, unless you're in s.kr, etc. It's easier if you are in a team too. However, with the up growing of e-sport, people started to build a career/income in it. And maybe you are not aware, this year, they made an announcement to give e-sport a trial & it may be included in future Olympic But back in reality, we all do need an income to survive. I do understand your frustration. Here is some checklist for you to go through: 1. What type of game is he playing? 2. Did he record his games? Keep a result of his performance? 3. Is he in any team or Did he sent his videos/result to any professional esports teams or sponsor?? 4. did he do anything to increase his presence/popularity in the game? why I ask so, is because sometime, opportunities must be seeked. It doesn't come naturally. If he has done the above, look at it again. Is it possible to improve? Is it possible to find a sponsor?? However I can't comment whether 2 year is a long or short period is because it is depending what type of games & its popularity. Popularity & the game potential are critical to sponsor(s) but as a couple, it is best to sit down & have a discussion on realistic timelines such by when, he should have a certain income coming in. And do remind to him gently, marriage is always about 2 people, it's a team work similar to gaming. Even if it is a solo game, you need to be on form to play/perform well, this applies to relationship too. and if his game performance is not outstanding, do not discourage him but let him knows that he should at least try to build an income to support this gaming dream of his. in this way, it is easier to preserve on, and fighting to achieve what he has in mind for both of you (Idealistic & realistic) wish you both all the best & hope to hear something good from you.
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