Dec 15 2009
Extension of NTUC Capital Plus
NTUC Income has increased their tranche of Capital Plus (CPN16) and will be extending the offer of this plan till 21st December 2009 (next monday).
They will provide guaranteed acceptance for any application that reaches their office by 21st December, 5.00pm.
Looks like demand for these kinds of product seems to be tapering down.
1.6% p.a. for a 2 year term..
WHAT A JOKE.
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Hi LI,
You say that NTUC Income has inceased the tranche size. That would mean that the original tranche is over-subscribed, implying that demand was heavy. Why then do you say that demand is faltering? Tks.
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lioninvestor Reply:
December 16th, 2009 at 11:44 am
Hi VSL,
The earlier tranche was of a bigger size and sold out within the first week, way before the stipulated closing date. Comparatively, demand for this tranche was not as “hot”.
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don’t think of financial institutions as your friends..
if a product is GOOD for consumer (that means bad for bank), they will close it quickly. I think some remember the HS*C promotion where they closed a fixed deposit promotion within 1 day?
if a product is BAD for consumer (meaning bank is making a lot from it), they will extend the closing date as much as possible!!!!
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lioninvestor Reply:
December 19th, 2009 at 10:40 am
Warren Buffett once said that the best investment ideas are found, not sold, so…..
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