This advice is correct. Many fresh grads I know often overlook the importance of insurance and medical cards. There are many insurance products which are invetment-linked. I would recommend getting a good insurance package or ILP, then only invest if there is still extra fund.

100% agree, there are better vehicle for investment. Most ILP benefit the insurance agent@salesman more than a non ILP insurance that is why they are pushing it. Btw, i am almost 40 and i never took any insurance and totally depended on my company. The money not given to insurance company is invested instead.

How did this thread become insurance thread

yikes. company insurance is bad and always got quota. if got 2 person need to have bypass operation and the company has only coverage for one then you are fucuked.
ILP is a buffer to prevent premium increase that's all. not a way to make money but to ensure your premium stays at the same price as long as possible (assuming the funds are profitable).

Just to chime my 2cents since its off work now. ILP, for me if you buy it long enough like 20-30years, and you nothing major happens you can consider it as get your full amount back before you die. Anytime before that and something happens then free coverage.

Never believe it can make you rich or provide you with anything more than the coverage. Never happened yet as I know it.

But, I still spend a huge sum on it as I am the bread winner in my family and if anything happens to me I need to know my family will not have to worry, or suffer any lack. In fact they are better of if I die now hahaha....only problem is if I half dead and the money may only cover my expenses + lack of income.

lol imagine quit cheong, smoking and drinking alcholic. 1 month save 1200 put dca into samy. damn retire life will be good

persoalan saya ialah. bagaimana saudara saudari set risk to 36% sedangkan app samy saya cuma tunjuk 22%. tq

Still holding and DCA
Consolidate wahed and raiz fund to here
Just nice timing as usd dropping and I am increasing my investment

Is recurring direct debit enabled already? Or is it still disabled?

I checked from my app, saw my direct debit plan is 'In Progress'...

Hi SAMY guys

I just invested 100 bucks as start off for SA Simple. Been monitored for about 2 weeks. So far only drop a few cents then up back a few cents, I see at long term progress and can comfortably place 100 bucks per month.

Currently my SA risk index is 14%. Not too bad?

Thanks

Yup just to understand more on the risk index. Btw, i can change the risk index whenever i want right? or only can be change monthly etc?

What's DCA and either.

Does anyone have any substantial amounts in SA?
5 digits, 10s of thousands?

check bank maybe bank got the money but not reflected inside SAMY app

Hi, may i know the amount you received is it same as what you withdraw in the SA apps?
Or there will be some fluctuate? (1-2 days movement)

This is my stash in STASHAWAY for the past 17months.

My risk index at 18%. Is this platform good investment?