Unit Trusts in Singapore - things to know before you invest asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
1. Higher potential returns
An ILP could potentially give you higher returns than other types of policies, such as endowment plans. Lest it reminds you of a marketing hook employed by insurance agents, the keyword here is ‘potentially’. You shouldn’t put complete faith in this statement, although there is some degree of truth that ILPs can give you more bang for buck.
This is because the money you pay for your ILP is used to purchase units of a fund. These units can ultimately be sold in the future, which would determine your returns. There is also the possibility of additional bonus units given out, depending on your account value and duration of your ILP premium payment.
Investing in shares (2021) - guide to buying SGX stocks asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
May 05, 2021
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Rule number one: An emergency fund must be available yet difficult to access. Learn how and where to build up your stash.
An emergency fund is ideally six months’ worth of income that you leave untouched until life throws a financial emergency your way.
Having a sizable sum of money set aside for rainy days can help you avoid going into debt should an unexpected situation arise. Another reason? The psychological assurance of knowing you have an emergency cash fund to buffer against the blows of life’s unforeseen circumstances.
What constitutes an emergency varies from person to person, but it’s usually an unexpected medical expense, sudden job loss, urgent housing repairs, or pet surgery. Your emergency fund may also be used to help loved ones who need urgent financial assistance to tide over life’s challenges.
April 11, 2021
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$5,000 a month in passive income is a dream for many Singaporeans. Here’s how you can build your own passive income portfolio today, so that you can sit back and relax in the years to come.
Passive income is income you earn from doing close to nothing hence the term
passive.
However, passive income doesn’t just fall into your lap. You have to set the wheels in motion first, in order to enjoy the fruits of your labour in the future years.
But first, why do people want (or need) a passive income portfolio?
With passive income, you no longer rely on your job for income. You work not because you need the money to get by, but because you want to. This also gives you the option of early retirement.