Post Reply
1-20 of 28
https://www.ocbc.com/internet-banking/
1.53% per annum for monthly deposit. 2% loss in exchange on top of exchange rate and loss for early termination. Not worth.
pharoah88 ( Date: 11-Jun-2009 15:12) Posted:
|
MYR and AUD and NZD pay reasonable interest for idle fund and the potential for subsequent capital appreciation too.
Thanks.
cathylmg ( Date: 10-Jun-2009 15:34) Posted:
|
I use it for trading. So when it idle I just leave it there.
wongmx6 ( Date: 10-Jun-2009 15:28) Posted:
|
How safe to leave big sum of money at poems account?
cathylmg ( Date: 10-Jun-2009 12:02) Posted:
|
I leave my money in my Poem account. 1percent interest per annum is better then those from the bank while your money idle.
Anyone familiar with Sensex stock? Ytd, they posted 460 points gain and their price of stock not as high as US. Is it worth a look?
Just look at bank deposit rates and you will find it is not worthwhile to save. These are some options I can think of:
1. Instead of putting money in the bank, buy the bank shares instead. The three Sing banks pay regular dividends which is better than the interests you could get anywhere.
2. Pay off your car mortgage if previously the rate of interests was high. For example you borrowed to buy a new cars a few years ago and still paying, make full settlement with the finance company. You could save few thousand dollars if yours was on 5 to 10 years term. Like wise if you bought a house/flat, consider if you could pay off part/full amt of the loan.
3. Become a "loan shark" when the govt introduce licensing for them. This option have to wait. LOL......
Cheers
If you want park money at Stock, Follow our Temasek foot step - Dont park in US stocks anymore. US government keeps printing money, and in time to come, the value depreciate though , stock market could surge very high as what people predict, but, by then, the value is not attractive.
Temasek is so clever! They dump US investment also because they see US$ depreciates in time to come and their stock might not worth as much when they sell?
Anyone got any view on this?
wongmx6 ( Date: 08-Jun-2009 10:46) Posted:
|
Could you tell me how to park then? After telling me, I 'll park it most likely!
01101749 ( Date: 09-Jun-2009 02:07) Posted:
|
Well done, Sir... :)
This feat is not easy to achieve... 
Thanks.
CWQuah ( Date: 09-Jun-2009 01:21) Posted:
|
outstanding! im better then all fund manager and broker out there! my portfolio still in profits few xx after many years of trading!
01101749,..so how is the going?..your stock i means?
BHWA HA HA HA HA...
01101749 ( Date: 09-Jun-2009 02:07) Posted:
|
pls park your money in my pocket
Consider some MMF(money market funds) invested in S'pore govt bonds + high-quality corporate bonds.
Typically abt 1-1.2%.
Philip Securities MMF in the cash mgmt account so far is achieving this. You may wanna look up fundsupermart website also to see if there are other similar funds.
Stocks now look a bit overvalued really. I believe you're trying to diversify a bit from stocks. So choose a slightly different instrument.
As for currency, outlook is a bit murky... but if my bearish reading on DJIA & oil is anything to go by, ironically, USD may rally instead vs SGD.
Caveat emptor.
only invest part of it or half of it, never , never all..................if u burn ,u still hav capital to start again.
Appreciate that Farmer,
I will consider and study its fundamental.
Regards.
Farmer ( Date: 08-Jun-2009 11:27) Posted:
|
How about ST Engg? Same strategy lor!