Comparison

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Comparison
  • Asked by Anonymous

    Yang Yang David
    Yang Yang David
    1 Answers, 1 Upvotes
    Answered 1d ago
    CCA premium is comparable to Supreme Early multiplier although it is a term plan. (I think GE should revise this rate) One thing to note regarding CCA is that it provides very little death benefit. My recommendation is SEM. Two highlights of Supreme Early Multiplier: full premium waiver upon diagosis any stage of CI and double payout for accidental TPD. SEM is poistioned as protection plan. Please ignore the surrender value. (This applies to all the multiplier whole life plan in the market.) 4 times multiplier to 65 years old is an optimized combination which provides the most value of money. of course you may go for 70 yrs if premium differs not that much of your age. Hopefully it may help.
  • Asked by Anonymous

    Jonathan Chia Guangrong
    Jonathan Chia Guangrong, Fund Manager at JCG Fund
    277 Answers, 400 Upvotes
    Answered on 08 Oct 2018
    Both offer the essentially the same service - being able to buy into a counter on a monthly interval with a minimum of S$100 per counter per month. How they differ is ease of use and variety of counters available. POSB will be fairly easy to start, can be done via any POSB or DBS atm. Only thing is the range of counters you can buy into - a grand total of 2. Maybank KE will take some effort to set up, but it has the widest range among all the brokers/banks here that offer RSP into stock counters directly. Dividend payout wise, it will depend on the counter selected. But if you are buying into the same counter, there won't be any difference in the dividend payout as it's declared by the underlying counter. Hope this helps.
  • Asked by Anonymous

    Lok Yang Teng
    Lok Yang Teng

    Top Contributor (Dec)

    254 Answers, 349 Upvotes
    Answered on 27 Oct 2018
    preference share a share which entitles the holder to a fixed dividend, whose payment takes priority over that of ordinary share dividends. Let's say the company is not earning as much, they'll give the promised dividends to those with preference shares and reduced dividend for those with ordinary shares.
  • Asked by Shaun Ong

    Hariz Arthur Maloy
    Hariz Arthur Maloy, Independent Financial Advisor at Promiseland Independent

    Top Contributor (Dec)

    246 Answers, 427 Upvotes
    Answered on 26 Oct 2018
    When index investing, you'll need to look at the index that you're planning to track. How efficient it is, the weightage of companies in it, how diversified are the businesses. Not all indices are made the same, no two countries indices are also built the same way. When you purchase an actively managed fund, you choose what you want to invest in. The merket cap of the companies, the industry you want to invest in, the philosophy and fund mandate of the investment manager. It's up to you. Every fund is different and this is not a clear cut answer, you'll need to do some investment planning and choose the portfolio you're planning to create and hold.
  • Asked by Anonymous

    Luke Ho
    Luke Ho, Money Maverick at Money Maverick
    127 Answers, 225 Upvotes
    Answered on 25 Oct 2018
    If you want a beginner level analysis - an ILP is just the wrapper held by an insurance company for unit trusts. ILP wrappers vary in all sorts of manners, but the most commonly observed one is where the majority of premiums will be allocated towards insurance in the first few years before being used for investments. Most updated ILPs today have much better structures than in the past, where they give you far more additional units instead of front loading the costs. Some of the explanation already done by Kenneth is accurate, such as the examples, fees and intentions. A unit trust as an investment is thus considered expensive and can only be considered under two conditions: 1) Beating the market, like Kenneth said 2) A better return-risk ratio, where volatility is much lower against its benchmark. Par funds would be an example of this, where you trade lower returns for a much more definitive chance of selling high. The second condition continues to be a lot more prominent in todays mutual funds due to the increasing efficiency and globalization of the markets today. Of course, there are specific sectoral funds and inefficient market funds that easily smash market indices, but they require a long time horizon to wear out the volatility. As a Financial Advisor I've reserved funds that have records of beating famous benchmarks like the STI, SNP500 and recently the QQQ index. Additionally, I've done math on my end to show how some ILPs easily beat a pure vanilla Unit trust return over time (as well as standard ETFs such as the STI ETF, SNP500). If you're interested in investing in UTs after this, you can always contact me here. https://www.facebook.com/luke.ho.54
  • Asked by Anonymous

    Yong Kah Hwee
    Yong Kah Hwee

    Top Contributor (Dec)

    423 Answers, 580 Upvotes
    Updated on 23 Oct 2018
    If you intend to invest in Singapore stocks, you will need a CDP account. A CDP account is needed to store your shares. If a brokerage lets you invest and does not require you to open a CDP account, it probably means that the brokerage is holding your shares for you (ie: they are the custodian of your shares). Not that is bad, but some people do not like someone else holding their shares for them.
  • Asked by Anonymous

    Siti Putri
    Siti Putri
    22 Answers, 81 Upvotes
    Answered on 23 Oct 2018
    IPO is initial public offering, which is highly regulated with lots of criteria and auditing needed to fulfill in order to be listed in catalist or mainboard of SGX. In general this would be companies which are already established with some track performance record and capital funds. ICO is initial coin offering, mainly because they created token cryptocurrency for you to buy some of their coins as if you are a part shareholder. This is not regulated at all, and to be honest the token might be useless since only usable for their project/business and no where else, provided it did not fail. Oftentimes need minimum $ amounts too like $5k. Once have the target amounts raised, they may release their token to be sold into public using an exchange. In addition the $ they get from you in exchange for their token will be used for their project/business financing. There are some Altcoins that could be buy/sell traded in some crypto exchange but only the less established ones will accept new Altcoins. The more established exchanges like Binance won't bother accepting. There are few thousands of cryptocurrency, so it is hard to determine and evaluate the value. In reality ICO is just a promise because these people have no prior track record of performance unlike in IPO. They could also wrap up and MIA after getting your money since hard to track. You sound like a newbie, so my advice is stay away from both including IPO. IPO is volatile too. My advice is only invest in a share after 3-5 years track record unless I have spare cash to burn. Alternatively depends on my portfolio asset allocation if I want to be more risky and my time frame.
  • Asked by Leong Wen Fong

    HC Tang
    HC Tang, Financial Enthusiast, Budgeting at The Society

    Top Contributor (Dec)

    348 Answers, 845 Upvotes
    Answered on 24 Oct 2018
    If you on no contract sim only plan, and don't mind holding unto 6 then keep using it since just change battery for another 2 year to save $. if you on contract and have sizable subsidies for buying new phone, then get iPhone XR, cheap and excellent phone.
  • Asked by Jay Liu

    Jason Sin
    Jason Sin
    329 Answers, 420 Upvotes
    Answered on 22 Oct 2018
    Australia's college education system has more breath in terms of its curriculum whereas British's college education system has more depth in terms of its curriculum. It is not necessarily true that UK honours degree is better than a basic degree,especially if you are working in the private sector. However, in the civil service, UK honours degree will allow one to have a starting pay. Please correct me if I am wrong.
  • Asked by Anonymous

    Dawn Fiona
    Dawn Fiona
    60 Answers, 135 Upvotes
    Answered on 21 Oct 2018
    Klook. I've tested them out and compared prices locally multiple times - they usually come up tops in terms of convenience and are either equal or even lower priced than what the locals will charge the tourists in the countries I've tested it out in. Combine with a cashback or miles credit card that rewards for online travel bookings for even more savings ;)
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