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Anonymous

01 Mar 2020

Robo-Advisors

What are some capital guaranteed options for investment of $10,000?

Singlife endowment plan? Is Stashaway’s Income portfolio capital guaranteed? What are the best capital guaranteed options to invest $10,000?

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Gabriel

01 Mar 2020

Undergraduate at National University of Singapore

Hey Anon, I'd recommend Etiqa Elastiq. Your capital is guaranteed and the current interest of 1.80% p.a is guaranteed for the next 3 years upon sigining up too. I've been using it for over a year, made many ad-hoc withdrawals and deposits with no penalties or whatsoever. Just note that there's a inital 3-month lockin period whereby you can't deposit or withdraw any funds. But it's much better than locking in for 3 years, such as an endowment plan.
https://www.tiq.com.sg/product/universal-life-i...

Singlife endowment plan requires a lockin of 3 years if I'm not wrong, for 2.25% interest p.a. If you do not need the funds then go for it. If you prefer the flexibility, consider Elastiq at 1.80% p.a. A year ago the interest rate was 2.02% and I'll be getting that rate for the next 2 years (since I've used it for 1 year).

Stashaway's Income portfolio isn't capital guaranteed and you might see losses especially during this time when most markets are in the red.

If you're a teen, consider Standard Chartered's JumpStart account at 2% interest p.a!

Singapore Savings Bond (SSB) are Endownment plans are good options. Go for SSB if you require liqudity as endownment plans usually require a longer lock in period.

Single premium endowment plan yes.
StashAway is not capital guarantee.

Jason Sing

25 Feb 2020

School Of Hard Knocks And Life at School Of Hard Knocks And Life

I only know that Singapore Savings Bonds and fixed deposits are capital guaranteed.

Rais M

25 Feb 2020

Accountant at SME

I always like to keep things simple. Just go for Singapore Savings Bonds. It is long term, reasonabl...

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