...like fundsupermart's BOND EXPRESS...only open to accredited investors..allowing AIs to buy bonds at denomination of just $5K per lot...
can share how to become an 'accredited investor'?
Hi there, is it the Maybank iSAVvy bonus rates will be credit to our acc on next month?
i was also a foot soldier bro. i had $0 to my name when i grad some 20+ years ago...2 things i live by which actually many bros here reiterated many times...
1. "those who know compounding, earns it. those who don't, pays for it"
2. "its not how much u make, its how much you spend".
Able to explain more details to bros here how to exploit compounding? What investment vehicle did you use for this compounding effect?
i was also a foot soldier bro. i had $0 to my name when i grad some 20+ years ago...2 things i live by which actually many bros here reiterated many times...
1. "those who know compounding, earns it. those who don't, pays for it"
2. "its not how much u make, its how much you spend".
These are simple statements but to me they are powerful enough to affect ALL aspects of one's financial health...
this i agree...like fundsupermart's BOND EXPRESS...only open to accredited investors..allowing AIs to buy bonds at denomination of just $5K per lot...i used it to buy several High Yield or JUNK bonds which normally i would not buy at 250K a lot...i called it my "junk portfolio".
This I feel should be opened to everyone.
Able to explain more details to bros here how to exploit compounding? What investment vehicle did you use for this compounding effect?
One good place to look at these number is from your yearly CPF statement.
Another good example is from your insurance saving plan vs deposit in bank account or CPF.
Insurance company do not pay "compounding". You may get bonus every year, but you do not get interest for your bonus earned. AND you are not paid until you complete the whole plan.
If you put the same amount in bank/investment, you either get interest for the interest/bonus earn or you can withdrawn it a spend it earlier. At the end of fix time frame (insure period). You will find you get much lesser then expected from a insurance plan.
The base interest is credited on last day of same month. The bonus interested is credited a few days later.
How they pay 2%? must wait one year?
One good place to look at these number is from your yearly CPF statement.
Another good example is from your insurance saving plan vs deposit in bank account or CPF.
Insurance company do not pay "compounding". You may get bonus every year, but you do not get interest for your bonus earned. AND you are not paid until you complete the whole plan.
If you put the same amount in bank/investment, you either get interest for the interest/bonus earn or you can withdrawn it a spend it earlier. At the end of fix time frame (insure period). You will find you get much lesser then expected from a insurance plan.
If you are referring to Maybank isavvy (the one posted above showing Jan and Feb), for Feb 2019, base interest will be credited 28 Feb 2019. Bonus interest in first week of Mar 2019.
Hi bro, if I bank transfer from other bank to Maybank isavvy account in a few batches of deposits (due to bank transfer limit) over two days (Today & Tomorrow) to make up $50,000. So the base interest I will get end Feb is 0.38% of $50,000= $190. Bonus interest in March is 1.62% of $50,000=$810. So in total I will get $190+$810=$1000.
Is my calculation correct?
Hi bro, if I bank transfer from other bank to Maybank isavvy account in a few batches of deposits (due to bank transfer limit) over two days (Today & Tomorrow) to make up $50,000. So the base interest I will get end Feb is 0.38% of $50,000= $190. Bonus interest in March is 1.62% of $50,000=$810. So in total I will get $190+$810=$1000.
Is my calculation correct?
agree, uob is the most tricky one, particularly for their cc promo
Saw ICBC 1.90% for 12 months for min S$20k deposit.