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

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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Views espoused are of my personal opinion and do not reflect that of my employer(s).
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[@Sethisfy]

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

[@thejosephyeo]

Very informative. thank you for this insightful sharing

[@Sethisfy]

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

[@user-jo2xe5uf4h]

Well said on ILP

[@Sethisfy]

Thank you! Still anticipating negative comments 🙃

[@asisatan3731]

please compare all into charts etc tks

[@asisatan3731]

please share all excel thanks & charts etc tks

[@asisatan3731]

please share all excel thanks

[@jackyjacky4220]

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]

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.

[@chenmoney1920]

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

[@Sethisfy]

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

[@pratikdam2804]

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]

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.

[@kipklop975]

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]

Nah that doesn’t work as far as I know

[@kipklop975]

@@Sethisfy HAHA. Well, worth asking

[@maleman67]

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]

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

[@ClaraFlater_than_surface_board]

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]

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

[@ngchongsin2009]

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]

Some are automatic. Some require manual transfer.

[@ngchongsin2009]

@@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]

​@@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.