Saturday, March 29, 2008

Invest your SRS

Dear Mr. Tan,
I am 47 yrs old and have been contributing regularly in cash to my SRS account so as to lower my income tax. I have been using the money to buy NTUC Income Growth policies for 15 to 17 years' term. The projected return is about 4 %. Do you think I am making a wise investment decision? Are there better ways to invest the cash in my SRS account?

REPLY
Read this FAQ:
http://www.tankinlian.com/faq/savings.html
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3 comments:

Anonymous said...

In the initial years, I bought single premium policies using my SRS money. Then I started buying balanced funds and hope that they would give me a higher return when I retire.

starlight

March 29, 2008 10:13 PM
Anonymous said...

You may improve the return by another percent if you invest in Growth. Since you have long time horizon you would get better return in funds.

March 30, 2008 12:22 AM
Anonymous said...

You can have have a balance.

Since you have invested in Growth Policy for 4% yield, it is quite okie.

Maybe you like to consider the other portion in future to wait for opportunities to buy into funds.

You can slowly top up in between to dollar cost average or part sell when market is bullish.

April 05, 2008 10:12 AM

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