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Monday, October 15, 2007

How to invest $100,000

Dear Mr Tan

My friend has $100,000 in his CPF account. He intends to put $60k in his CPF account and the remaining $40k in avivadirect which promises to give 3.5% every year.

Is this the best alternative? Also is Aviva Direct really so good that it does not have any hidden admin charges,no lock up period and other charges? Appreciate your feedback please.

REPLY:

That is a wonderful idea. I would have done the same, if I were in your friend's position.

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