Du Invest Vs Other Saving Solutions
| Du Invest | Do It Yourself (usually banks) | Life insurance policies | |
|---|---|---|---|
| Getting Started | Online, easy, no need to go anywhere | Face-to-face meeting | Face-to-face meeting |
| Information | Online | You need to have the experience & do your research of what you invest in | Heavy research on which institution to start with. |
| Return | Fixed-income mutual funds' return currently is very close to banks investment certificates (8%-11%) | Currently from 8% to 11% depends on the bank | from 8% to 10% on average |
| Flexibiltiy | Totally flexible | Everytime or month, you should go to bank | Typically, no flexibilty |
| Cancelation & Penalties | No penalties or exit fees, you can cancel anytime | Typically, you can't cancel bank investment certificates before 6 months. | You would lose up to 70% of capital if you canceled before passing 3 to 5 years |
| Return on cancelation | You will have any return happen during the period, even it's ONE day (Return calculated daily) | Typically, you face a penalty if you cancel an bank investment certficate before maturity | You would get no return if you canceled before passing 5 years |
| Transperancy | Very transperent, you know everything about your invetment online & mobile apps | It depends on the type of investment | Typically, you don't know the status of your plan most of time & you should ask for them to be sent to you. |