[Smart Park] Buy Insurance, Get Rich Quick? Not Exactly, But This Comes Close March 6, 2024

[Smart Park] Buy Insurance, Get Rich Quick? Not Exactly, But This Comes Close

What if I told you that it was possible for you to get paid to accumulate money?

And no, I am not referring to an ordinary savings account in a bank where you simply leave your funds in it for a 0.05% return. Instead, what I am suggesting is an option to deposit money for a guaranteed 6% p.a. return.*

Now, before you scream “SCAM”, hear me out.

This promotion that I am about to share isn’t just about making a quick buck; it’s also about making smart financial decisions with a little extra sugar on top.

Phillip Securities has recently launched a promotion for Phillip Money Market Fund (PMMF) with 6% p.a. guaranteed return! It aims to encourage individuals who are hesitant about taking active steps in financial planning. For a limited time only, individuals can purchase eligible investment and retirement plans and qualify for 6% p.a. guaranteed return for three months. Yes, it’s as simple as that!

By now, you’re probably wondering how to qualify for this sweet deal.

Firstly, you can meet with us for a holistic review of your finances! We will tailor the investment and retirement plans to your needs and recommend suitable options to address any gaps in your financial planning.

It’s important to note that you may not be suitable for any of the eligible investment or retirement plans under this promotion, as your personal needs and the plans’ requirements will be taken into account.

For discussion sake, let’s assume after the review with us, you decide to take up a retirement plan that will pay you a monthly sum of S$500 from the age of 55 to 70. You can then deposit funds into the Phillip Money Market Fund through SMART Park. Individuals like you will have the option to deposit cash, which will be placed in PMMF. PhillipCapital will guarantee 6% p.a. return, for fresh deposits up to S$50,000 if they are held there for 3 months! Subsequent deposits will enjoy the regular SMART Park return rate.

This means that if you contribute the full S$50,000, you will receive S$739 at the end of 3 months! That’s like finding a magic money tree, where you can sit back and watch your funds grow effortlessly.

But, what happens after 3 months?

Well, individuals can choose to withdraw or leave their funds in SMART Park to continue earning the returns from PMMF at a prevailing rate of 3.2335% p.a. ^.

So, is it a “get rich quick” scheme? Not quite. Building real wealth takes time and discipline. However, this PhillipCapital promo gives your wealth accumulation journey a serious jumpstart, with a sweetener to get you started, especially if you have been contemplating your financial planning for a long time.

Secure your future income and give yourself a little treat along the way. Let your future self thank you now for taking the steps to enjoy a comfortable retirement later. You can use some of the returns in three months’ time to enjoy things like a salon visit, a special meal, or that limited edition sneaker you’ve been eyeing.

But here’s the catch: this offer won’t last forever, so don’t miss out on your chance to secure your future and give your finances a sweet, sweet boost!

Find out more by contacting me here: https://bit.ly/TTPvalerielimj

*Terms & conditions apply.

^ 7 Day annualised rate updated as of 04 March 2024. Based on the average rate of annualised returns over the last rolling week. Past performance is not necessarily indicative of future performance.


[Smart Park] Buy Insurance, Get Rich Quick? Not Exactly, But This Comes Close

Valerie Lim
Wealth Manager
Phillip Securities Pte Ltd (A member of PhillipCapital)


These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.

The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.

Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.

About the author

Valerie Lim
Wealth Manager

Valerie, a seasoned Wealth Manager at Phillip Securities, brings over 15 years of diverse experience, including marketing, PR, and restructuring. With a decade in marketing and PR, she excels in crafting impactful strategies, while her accounting background ensures meticulous attention to detail. Trusted across industries, Valerie navigates risk complexities and champions the transformative power of insurance.

Driven by a commitment to financial literacy, Valerie educates and empowers businesses, emphasising proactive risk management as a catalyst for innovation and success. Her unwavering guidance helps Singaporean businesses secure a prosperous future for themselves and stakeholders.

Contact us to Open an Account

Need Assistance? Share your Details and we’ll get back to you


This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  


Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com