TRANSLATING DREAMS INTO REALITY
Everyone has different goals and dreams in life - some may want to retire to travel the world, while the ones with entrepreneurial spirit would want to build a business empire. But whatever they may be, often the first and foremost difficulty faced is money. Or rather the lack of a financial foundation.
Having a sound investment plan is essential in making that dream come true.
Now, UOB is going to help you kickstart your dream by giving away S$20,000 worth of units in Unit Trusts from UOB Income Builder. Enticing, yes? And it is really easy.
Simply visit www.uobdream.com.sg and tell us what your dream is. Choose an image that best represents that dream, and rally your friends and family to vote for your submission. Contest ends 2 Aug 2015.
3 winners stand a chance to win S$20,000 worth of units in Unit Trusts! Ten lucky voters will also be awarded S$1,000 worth of units in Unit Trust each.
WHY YOU SHOULD START INVESTING
Everyone dreams of retiring early to travel around the world, and if you start investing early, you can turn this dream into a reality. Saving up may sound tough, but pining for something unattainable is even tougher. With the right knowledge of investment and knowing how to put aside money for a better future is vital; fulfilling your dreams of travelling can be done if you start investing from young.
As for those hoping to own their dream home, one will need 5% in cash to purchase a private property (i.e. S$50,000 for a S$1 million purchase), and with the rising costs of properties in Singapore it clearly takes more than just saving up to fulfil tangible dreams.
UOB is providing ordinary income earners the opportunity to invest and such investments can potentially grow – into something significant. Of course we will leave this story to the group of fund managers who are all experts and who are best able to guide you through. For investors who do not wish to wait too long to reap the returns, options of monthly or quarterly payout are also made available.
HOW MUCH YOU NEED TO FULFILL YOUR DREAMS
More than half the population in Singapore (between 23 – 40 years old) are not investing due to fear of loss and lack of knowledge. To overcome such barriers, UOB has created an easy-to-use online financial calculator for all. This useful tool will calculate the amount of money one needs per month to achieve his/her dreams and further guide you with the necessary steps that should be taken. A practical timeline will also be shown on how long it will take to meet your financial goals.
With UOB’s user-friendly calculator, the reality of your dreams can be quickly revealed.
The calculator will require you to key in the extent of your dream i.e. comfort level of retirement, how much money you are willing to invest at the start, the amount of your upcoming monthly investments and how much you will increase the monthly savings each year.
Find out from the calculator how much time, savings and investment it will take to retire comfortably, or send your child for an overseas education. Simply visit www.uobincomebuilder.com.sg/income-builder.
This post is brought to you by UOB.