wouldn't necessarily presume that if I am in your position.Presumably you have done a search on all previous @royalmix posts and could not find?
that's why confused about what @royalmix is saying
This
I secured T-bill at 4.4% COY for 8 Nov Auction. If I had not bid and let my OA compound with interest, at most I can bid for 6,150 instead of 6,000 units in subsequent Auctions. And if I keep waiting and hoping till COY to exceed 5% before I start bidding, I would be forgoing $763 extra interest per month. A bird in hand is worth 2 in the bush. What if 5% never comes or stays around 4.5%. I will be forgoing $4,851 extra interest by the time my bill mature on 13 Jun. Note I still get the interest up to Oct on the amount I used for T-bill in Nov and the accrued interest up Oct will be compounded on 1 Jan which I can use to bid for more units subsequently and may be at higher COY, like you hopingI am referring to 31 Dec drawing near, prefer to earn the compound interest first. I am keeping my bullets, still plenty, for higher. Inflation proof interest refer to 5% COY to cover possibility of increase in CPF OA rate in second qtr. Otherwise, not worth my effort and risk! I am contented with 2.5% until then, should it go beyond 5%, I will beat everyone , good luck to me
Should market crash, opportunity to make more, hopefully
By Jun 2023, I will have more bullet for 23 Jun 2023 Auction with 6 months interest forgone.I don't have the wisdom to understand the zero % bidding justification.
Exactly. You explain very well. I also think and did/will do the same.I secured T-bill at 4.4% COY for 8 Nov Auction. If I had not bid and let my OA compound with interest, at most I can bid for 6,150 instead of 6,000 units in subsequent Auctions. And if I keep waiting and hoping till COY to exceed 5% before I start bidding, I would be forgoing $763 extra interest per month. A bird in hand is worth 2 in the bush. What if 5% never comes or stays around 4.5%. I will be forgoing $4,851 extra interest by the time my bill mature on 13 Jun. Note I still get the interest up to Oct on the amount I used for T-bill in Nov and the accrued interest up Oct will be compounded on 1 Jan which I can use to bid for more units subsequently and may be at higher COY, like you hoping
So in nett, how much extra you get minus those interest lost in CPF? Actually I am quite confuse with your explanation.I secured T-bill at 4.4% COY for 8 Nov Auction. If I had not bid and let my OA compound with interest, at most I can bid for 6,150 instead of 6,000 units in subsequent Auctions. And if I keep waiting and hoping till COY to exceed 5% before I start bidding, I would be forgoing $763 extra interest per month. A bird in hand is worth 2 in the bush. What if 5% never comes or stays around 4.5%. I will be forgoing $4,851 extra interest by the time my bill mature on 13 Jun. Note I still get the interest up to Oct on the amount I used for T-bill in Nov and the accrued interest up Oct will be compounded on 1 Jan which I can use to bid for more units subsequently and may be at higher COY, like you hoping
I forgone OA interest of 7 months plus attributable compound interest thereon amounting to $8,533 excluding incidental charges. On maturity I get back $13,164 interest. Gain $4,631 for queueing 45 minutes or about $7xx each month.
Not bad.
You hit the 4.40% Tbills with $600K is like thio bey pio lor. Doesn't matter if later got 5% T bills because nobody knows have or not. Profit is not profit until it is taken.
take whole tbill as 5k and max 2k allocated for non com
Login to your CDP account for cash. https://investors.sgx.com/login.html
Thanks. If I see 100, does it mean $10000?
After issue date -
