Not far from wrong, given my lousy experience. Perhaps talk to your personal banker, if you in that league
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What exactly is life insurance and how does it work?
- Thread starter Allota
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Not far from wrong, given my lousy experience. Perhaps talk to your personal banker, if you in that league
i do not mind paying $$ for other to do the homework and their expertise.
but i expect to see result.
like i willing to pay $1000 for master to do homework for fengshui,
but end result,i must see $2000 in return
why do i want to spend $1000 and hear 101 excuses that loses are due to A ---Z, but not himeslf the problems
Make sure the UT you buy is a low cost, low expense kind. The best actually is ETF that is traded over the stock exchange. Of course its easier to find more diversification using UT, but beware of upfront fees and management fees.
Unit trusts is a rip-off ...80 percent of unit trusts can't beat the index. So, why are you paying more for average result. You can built a balanced portfolio using ETFs for much less ...more of your money working for you instead of being siphoned off as fees to feed the fund managers, the agents who sell you the funds.
You need just five ETFs to build the portfolio and then you re-balanced it every six months or at least once a year. The cost to you is just your trading fees. If you start an account with a US-based brokerage, your fees is reduced substantially.
MF Global was more than a brokerage, it did trading for themselves.
There is protection for investors ....http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/TradingSecurities/P116996
erection2015
Alfrescian (InfP) + C
purchased my first and only UT in the 80s....the fcuking Shenton Growth Fund .....DBS if i recall correctly. When the stock market was shooting up this
bloody fund underperformed like blazes. I think their charges were quite high too. No more UTs for me.:oIo:
bloody fund underperformed like blazes. I think their charges were quite high too. No more UTs for me.:oIo:
Not far from wrong, given my lousy experience. Perhaps talk to your personal banker, if you in that league
This is the extra cost of holding mutual funds (call UT in Asia) in the US, the most competitive market. Can't imagine how much more we are paying in sinkapore.
http://www.cnbc.com/id/100695474
http://www.cnbc.com/id/100695474
I think life insurance is quite important leh.. Its more about having cash for your retirement age, no? people who take out a life insurance plan especially those from banks like dbs, ocbc etc don't take it just to cover death or illness, but also to accumulate cash for retirement age right? cos some longer term policies builds up cash value over the years
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