I think, Patrick's plan is quite good since depositing and withdrawing funds from a unit trust only requires an email or direct withdraw for those with Apps, unlike the bonds which still require one to fill out forms and take to the bank. But I learned from a recent masterclass with Alex, that you can request your bank to buy the bonds via email.
Why cant Patrick keep investing in Bonds since bonds are his main target? And they are sold almost every two months. What is the logic behind him putting money first into Unit Trust? Doesn't this involve too much paper work?
I think, Patrick's plan is quite good since depositing and withdrawing funds from a unit trust only requires an email or direct withdraw for those with Apps, unlike the bonds which still require one to fill out forms and take to the bank. But I learned from a recent masterclass with Alex, that you can request your bank to buy the bonds via email.
Is this the same when one uses 20M at inception and 500k monthly in the Unit trust ?
Why cant Patrick keep investing in Bonds since bonds are his main target? And they are sold almost every two months. What is the logic behind him putting money first into Unit Trust? Doesn't this involve too much paper work?
My plan after the next class on 06/03 is to start with 5.000.000/= in treasury bond for 10yrs