Whoever puts 100k in FD must be a great sinner if not a dumb.
why not. uob 4month 1percentc
Whoever puts 100k in FD must be a great sinner if not a dumb.
a next crisis is coming yet you are telling me to put my money in hong leong shares? if the crisis is as bad as what you said, then hong leong would probably drop to $1. Do you know what happened to hong leong during the lehman crisis? it dropped from $4 to $1.7. It has not recovered to its pre-crisis level.
during this sort of crisis, cash is king. this money is for me to buy hong leong should it drop to $1. all my pref shares are giving 4-5%. it will probably drop to 80 during the next crisis. i will be much better off holding onto pref shares and perpetuals now.
i am not saying hong leong or any other stocks are a bad buy now. what i am saying is whatever you buy, there are pro and cons. if you are to choose the extreme conditions, everything will look very bad or good.
now that you mentioned hong leong, i will put it in my watch list and consider buying it in the future since it does meet my expected yield of 4%.
agree 1% fd is rubbish. but it beats cimb starsaver 0.8% and posb savings 0.05%. i am already quite committed in bonds and shares. i will not put this money down unless the situation becomes quite extreme.
Whoever puts 100k in FD must be a great sinner if not a dumb.
Funny - rich people must be dumb then.
Whoever puts 100k in FD must be a great sinner if not a dumb.
What about someone who puts $1.5mil in not in FD but just as cash in bank.
why not. uob 4month 1percentc
What about someone who puts $1.5mil in not in FD but just as cash in bank.
What about someone who puts $1.5mil in not in FD but just as cash in bank.
UOB 4 months FD is 0.85% PA which mean you get less than 0.3% for it putting your money with them, waste of time seriously.
$1.5 mil may be a lot to you and me, but to some people, it may be just a portion of their assets. Everyone needs a portion of their assets to be liquid, in case of any emergency. Putting into FDs is not a bad option for assets that has to be liquid. Put in there, if need, take out the money, at most lose interest. The opportunity cost is just the 0.05% from normal savings account. Maybe that person intends to use that $1.5mil for other hefty investments 1-2 yrs down the road? property?
it was 1% in sept.
$1.5 mil may be a lot to you and me, but to some people, it may be just a portion of their assets. Everyone needs a portion of their assets to be liquid, in case of any emergency. Putting into FDs is not a bad option for assets that has to be liquid. Put in there, if need, take out the money, at most lose interest. The opportunity cost is just the 0.05% from normal savings account. Maybe that person intends to use that $1.5mil for other hefty investments 1-2 yrs down the road? property?
I wished I had done it in 2009 ... instead of individual stock picking .. coz my results underperformed that of an index (not including the dividends).
So .. i think you need to learn ASSET ALLOCATION... There is a time for putting into stocks, bonds, properties and cash.
I believe research shows 90% of your returns come from asset allocation, not individual stock picking.
but if you dont want to do asset allocation, then do the index ETF investing like Shiny says.. very sound.
did i say all my money is in bonds? Of course, i do allocate some of my funds elsewhere. i do hold some sti stocks but not the etf. i feel some of companies in sti quite sucky. i prefer to pick and choose the ones i like.
what i am trying to say is my bond holdings, though outperformed by the sti, is not too bad over the last one year. I would not have suffered any paper loss throughout the one year period (peace of mind) compared to sti which was doing very badly in feb 2014.