Asked by Jermyn Wee

I’m servicing endowment plan today for 100 dollars a month. It will mature in 15 years. Should I give up my endowment plan which my parents bought for me?

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    • Jermyn Wee
      Jermyn Wee
      1 Answers, 14 Upvotes
      Answered 2w ago

      Thnks for your reply Gabriel.

      I think its because the interest they give is really quite bad. ANd i still have 15 years to pay for this plan. If i give it up i can use that to invest somehwere and get beter returns.

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    • Gabriel Tham
      Gabriel Tham, Kenichi Tag Team Member at Tag Team

      Top Contributor (Feb)

      509 Answers, 871 Upvotes
      Answered 2w ago

      Why do you want to give it up?

      I think you can treat it as a long term savings. Returns are not fantastic but it helps you save up.

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