Anonymous
Hi there i have a dad who has 125k. He is risk averse, is not interested in stocks that deals with alcohol, gambling. Emergency money of 25k already aside.
He was approached by some insurance agent so he put in 125k but i advisee him to take it out.
Now which roboadvisor platform should i recommend him? People recommend endowments but i was thinking robodvisor instead? What about DBS digiportfolio Asia 20% stocks, 80% bonds?
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HC Tang
22 Jan 2021
Financial Enthusiast, Budgeting at The Society
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Loh Tat Tian
17 Jan 2021
Founder at PolicyWoke (We Buy Insurance Policies)
Is he open to putting 25k set into CPF OA?
Or RA for monthly payouts?
They are gauranteed by the government, hence easier to administer especially when he is above 55 years old.
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For his age, more important for capital preservation. Go for Endowus, sgd hedged so no fx risk. Mayb...
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Agreed with Tat Tian.
At close to retirement age, cannot afford risk and lost of capital since will need $ anytime.
Deposit into RA for 4% interest since He's close to retire and can withdraw When retire. Guaranteed and risk / worry free.