12
Oct

Sales Charge

The initial service charge paid by the investors when purchasing the funds. It is alternatively known as front end load. The sales charge is Zero when you trade with Phillip online via POEMS.

12
Oct

Savings Ratio [annual cash surplus/annual gross income]

It reveals how much of your after-tax income is saved. You have saved < >% of your after- tax income. A ratio of 10% is considered healthy, however it depends largely on your own preference between consumption and saving or depending on situational needs. A person intending to buy a home may wish to save a large portion of his

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12
Oct

Semi-Annual Report

(also see Annual Report) A semi-annual report is a report on a company for the preceding half year, with first half being January to June and second half being July to December. Its purpose is to be accountable to stakeholders of the company – providing information regarding the company’s corporate direction, company activities, and financial performance.

12
Oct

Solvency Ratio [total net worth/total assets]

This ratio tells you by how much the value of your assets can fall before you are insolvent. You can only withstand the < > % decline in market value of your assets before you become insolvent. A low percentage suggests that you should find ways to improve your net worth.

12
Oct

Supplementary Retirement Scheme (SRS)

The Supplementary Retirement Scheme (SRS) complements the Central Provident Fund (CPF.  CPF savings are meant to provide for housing and medical needs and for basic living needs after retirement.  Unlike the CPF scheme, participation in SRS is voluntary.  Participants can contribute a varying amount to SRS (subject to a cap) at their own discretion.  The contributions may be used to

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