Savvy Investing Reviews
(Rated by 4 users)
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Payment Methods
Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
Overall Rating
5.0
Base on 4 Reviews
Ratings by Feature
Ratings by Feature
- Good Value4.0
- Price & Quality4.5
- Customer Service4.3
- Shipping & Delivery5.0
- Return Policy4.5
Recent Customer Reviews (4)
Sophie Sanger
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Olivia Rhodes
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Katrine Poulsen
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David Schott
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Savvy Investing Pros & Cons
Pros
1
Assess and Rebalance: Regularly reviewing and adjusting the portfolio to maintain the target allocation is crucial, helping to align the portfolio with investment goals and risk tolerance.
2
Optimize Retirement Contributions: Ensuring maximum contribution to retirement accounts like 401(k), IRA, etc., can be beneficial.
3
Inflation Protection: Investing can help keep pace with cost-of-living increases created by inflation.
4
Compounding Interest: A major benefit of a long-term investment strategy is the possibility of compounding interest, or growth earned on growth.
5
Potential for Higher Returns: Compared to saving, investing can offer potential for higher returns.
CONS
1
Administrative Charges: An administrative charge of 0.60% per annum of the account value is deducted monthly.
2
Supplementary Charges: A supplementary charge of 1.90% per annum of the account value is deducted monthly for the first 10 policy years.
3
Cost of Insurance (COI): The COI is payable monthly based on the attained age, gender, smoking status, and sum at risk (SAR).
4
Premium Shortfall Charge: Applies if any basic regular premium is not paid during the minimum investment period (MIP).
5
Partial Withdrawal Charge: Applies to any partial withdrawal during the MIP, except for withdrawals under the Life Stage Benefit.
6
Surrender Charge: Applies to full surrender during the MIP.
Savvy Investing Features and Benefits
Features
Assess and Rebalance
Regularly reviewing and adjusting the portfolio to maintain the target allocation is crucial. This can help align the portfolio with investment goals and risk tolerance.
Optimize Retirement Contributions
Checking retirement contributions and ensuring maximum contribution to retirement accounts like 401(k), IRA, etc., can be beneficial.
Inflation Protection
Investing can help keep pace with cost-of-living increases created by inflation.
Compounding Interest
A major benefit of a long-term investment strategy is the possibility of compounding interest, or growth earned on growth.
Potential for Higher Returns
Compared to saving, investing can offer potential for higher returns.
Welcome Bonus
Payable upon receipt of each basic regular premium paid for the first policy year, in the form of additional units.
Loyalty Bonus
Starts from the first policy anniversary immediately after the end of the MIP and is paid out every policy anniversary after that, as long as the policy is in force and no withdrawals have been made in the last 12 months, except for withdrawals under the Life Stage Benefit. The loyalty bonus is a percentage of the account value.
No Premium Charge
No premium charge for basic regular premium and single premium top-up.
Fund Switch Fee
Waived for ILP sub-funds switching.