Wednesday, October 04, 2006

I shall keep my money with NTUC Income

Dear Mr Tan

I might even invest some more money at a future date, but perhaps should not put all my savings into Income and should have some fixed deposits in the banks.

Who knows how the company will manage without you?



Dear VS

I advise against putting your money in the bank. They can pay interest at only 3% per annum. It is better to put the money in the Growth Fund, as the return is likely to be much higher.

Don't worry about how Income will manage without me. It will do well.

I have a lot of my personal savings invested in the funds managed by NTUC Income. I shall keep the money there, after I leave NTUC Income.

Tan Kin Lian

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