[Smart Park] Buy Insurance, Get Rich Quick? Not Exactly, But This Comes Close March 6, 2024
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.
Contributor:
Valerie Lim
Wealth Manager
Phillip Securities Pte Ltd (A member of PhillipCapital)
https://bit.ly/TTPvalerielimj
Disclaimer
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.