Finally some realistic,decent/good financial advice. Funny how for retirement CNA and their guests were promoting endowments and other low yield investment options for people planning their retirement when it's a similar time horizon as this
I don't think the guests are "promoting" endowments, its just what they have put their money on (and a bad choice that is). Low yield is more suitable when you're nearing retirement age as taking risk may mean lose of money aka need to work longer in the workforce which is opposite of what they wanted.
These so-called financial planners are trying to sell their product so definitely they will tell you to ‘save’ with them. You think all (local) uni kids have parents who bought plans for them 20 years ago ah? Tuition fee loan is eligible for all. If your kid can study, scholarships will see him through his education, all the way.
Good parents would consider their children's future needs and prepare for it. The earlier you do it the easier it would be. Don't be like parents 20 years ago, hoping for scholarships. or loans.
i don't think you even understand what the financial planner was suggesting. The first FP recommended an ETF fund, instead of an actively managed mutual fund where they would make a higher trailing commission. Also, for a few ten thousand dollars of investment, it doesn't even make them any material commission neither.
No scholarship, no need go overseas. Local Uni very affordable.
Finally some realistic,decent/good financial advice. Funny how for retirement CNA and their guests were promoting endowments and other low yield investment options for people planning their retirement when it's a similar time horizon as this
I don't think the guests are "promoting" endowments, its just what they have put their money on (and a bad choice that is).
Low yield is more suitable when you're nearing retirement age as taking risk may mean lose of money aka need to work longer in the workforce which is opposite of what they wanted.
Planning for 10~20 years😳
The Lord is coming 💪
These so-called financial planners are trying to sell their product so definitely they will tell you to ‘save’ with them.
You think all (local) uni kids have parents who bought plans for them 20 years ago ah? Tuition fee loan is eligible for all.
If your kid can study, scholarships will see him through his education, all the way.
Good parents would consider their children's future needs and prepare for it. The earlier you do it the easier it would be. Don't be like parents 20 years ago, hoping for scholarships. or loans.
i don't think you even understand what the financial planner was suggesting. The first FP recommended an ETF fund, instead of an actively managed mutual fund where they would make a higher trailing commission. Also, for a few ten thousand dollars of investment, it doesn't even make them any material commission neither.
lol not everyone is lucky to get scholarship. since govt giving it out to foreigners lol.
There is also something call scholarship
insurance lai lai lai...
We got through fine without this.
Literally any tutoring center: 2:12