When Your Bank RM Called???

Many times in the past, when Uncle8888's Bank RM called him, he usually rejected the call for making an appointment to listen to their financial advice. After so many years of rejecting calls from RMs, somehow this time is different. May be he was in good mood to take an appointment on Saturday morning. Anyway, nowadays, he is so Eng!

OK! Uncle8888 knows what you are thinking?

You think her voice is so sweat. Right?


She offered 9 am appointment; but Uncle8888 said 10 am.

He went to Hougang Central POSB early at 9+ and observed her at Cubicle 13.

She is busy at works. Wah! Got many lobang.

Time for Uncle8888 to listen to his RM; but told her to cut short all introductory talks and goes straight into the subject matter. 

Uncle8888 told her that he is a savvy investor! No bluffing. LOL!

She introduced 5 + 5 Endowment product. 

Later back home, Uncle8888 tabulated XIRR for this product to compare it to CPF OA 2.5% rate.

We have to be mindful that Return mentioned for such product is always projected return so we need to evaluate such product to consdier 5% to 10% off the projected rate of return too.


XIRR for 10 years holding period (5+5)

For this product, you "invest" or save for 5 years and hold for another 5 years. Total 10 years of holding period.

It is about 1.3% to 2.67%

Suitable for whom?

Hmmm ...

For those who is thinking of ....


1) Your child University Fund in 10 years? Your child currently in Primary school and you don't want to mess up your child's Uni Fund in the volatile stock market.

2) Your Wedding Fund in 10 years, you got attached during your Uni days and getting married in your early 30s?

3) Building up your own Emergency Fund in 10 years time as you can't keep depending on your Bank of Papa or Bank of Mama for bailout.

4) ??


In the real investing world, some of our money will be rotting. Some will be earning much lower return than expected.


What do you think?