6% pa Guaranteed?! Examining BigFundr, Chocolate Finance and More!

Рет қаралды 7,949

Ай бұрын

There are many investment products in the market now trying to get a slice of our funds. Some even guarantee returns. I take a look at things like BigFundr, Chocolate Finance and even investment-linked policies
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Пікірлер: 29

@Sethisfy Ай бұрын

📲 Get great deals and free updates! sethisfy.com/telegram

@thejosephyeo Ай бұрын

Very informative. thank you for this insightful sharing

@Sethisfy Ай бұрын

Thanks for the kind words! Also thanks for taking the time to leave a comment as it boosts the video on KZfaq.

@user-jo2xe5uf4h Ай бұрын

Well said on ILP

@Sethisfy Ай бұрын

Thank you! Still anticipating negative comments 🙃

@asisatan3731 Ай бұрын

please share all excel thanks & charts etc tks

@asisatan3731 21 күн бұрын

please compare all into charts etc tks

@asisatan3731 Ай бұрын

please share all excel thanks

@jackyjacky4220 Ай бұрын

Can i know bigfundr issue amt versus maxi-cash "physical cash" ? This is because the bigfundr "debt" must not be more than what maxi-cash can afford.

@Sethisfy Ай бұрын

Probably can check their issue amount on their website or customer service. Also cannot just look at their cash assets. Must look at their total debt too which I think is quite high the last time I looked it up.

@pratikdam2804 13 күн бұрын

Hi, for Choc Finance even though 4.2% interest is guranteed, but capital is not guranteed right and subject to market fluctuations?? I saw disclaimer saying this.

@Sethisfy 13 күн бұрын

As long as the top-up programme is fulfilled, the capital will not drop since negative returns will also become 4.2% p.a. Though yes the top-up programme itself is not guaranteed.

@ClaraFlater_than_surface_board Ай бұрын

Still choosing Money market fund/ SSB/T-Bills over all the rest because I scared of how I might not be able to sleep at night losing my capital money. Yeah that's just me

@Sethisfy Ай бұрын

As long as got enough to retire, sleep is very important 😴

@kipklop975 29 күн бұрын

If you cancel your account with a trading app, do you also get a "refresh" of your "new user" status after a time period as per credit cards?

@Sethisfy 29 күн бұрын

Nah that doesn’t work as far as I know

@kipklop975 29 күн бұрын

@@Sethisfy HAHA. Well, worth asking

@chenmoney1920 Ай бұрын

We watch your video means you already earned from us. So you are responsible for what you said 😁

@Sethisfy Ай бұрын

like that just sign up ba big fundr referral money is quite good 😮‍💨

@maleman67 Ай бұрын

ILP is a 'scam' in my own opinion. Not like cheating us outright, but targets unknowing and less financial knowledgeable people like young adults who have investable funds from their salary.

@Sethisfy Ай бұрын

Not sure if “scam” is too strong a word to use. I usually use “poor value”

@ngchongsin2009 Ай бұрын

I bought a limited life insurance for my son. Where i am the holder, my son is the insured party. Fully paid. Is it needed for myself to transfer to be the policy holder for this policy?

@Sethisfy Ай бұрын

Some are automatic. Some require manual transfer.

@ngchongsin2009 Ай бұрын

@@Sethisfy Thanks for the reply. Not really concern if it is manual or auto. But what is the concern i need to take note to make this decision to move to my son as the policy owner of this policy

@alvinchong7878 Ай бұрын

@@ngchongsin2009 if you make an absolute assignment to your son, you lose all control over the policy. Your son can withdraw money from the policy or even terminate the policy. You need to be sure that he is financially mature. What are your concerns? If you're worried that the Beneficiaries of your Estate might jointly inherit the policy, and making it complicated for your son during any claims like TPD/CI it would be split among all the Policyowners who are Beneficiaries of your Estate. Do consider who are the intended Beneficiaries of the policy, is it you, your Son or your Son's children.