Personal Finance
ntuc-income: closure of capital plus (CPN23)
By Patrick Lim  •  July 13, 2011
just launched 2 days ago and we received this urgent email notification from ntuc-income yesterday evening: Dear Partners, We have received overwhelming response for our recent tranche of Capital Plus (CPN23). Thank you for your support! This is to inform that the subscription for CPN23 will be closed tomorrow, 13 July 2011, at 5 pm. Please ensure that the applications you hold on hand reach our office (75 Bras Basah Road, NTUC Income Centre, Level 7) by 5 pm tomorrow. Thank you. Regards, Regina Lim Account Manager, Financial Advisers, Sales Division t: (65) 6866 7260 fa hotline: (65) 9746 2663 www.income.com.sg my comments: perhaps this early closure of the current tranche of capital plus (the fastest on record) may not be too surprising because of the ultra-low interest on savings environment. with a guaranteed 1.4% return on maturity after 2 years definitely beats putting extra cash into any bank's savings account. ...
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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