HWZ Forums

Login Register FAQ Mark Forums Read

Short term investments

Like Tree1Likes
  • 1 Post By BBCWatcher
Reply
 
LinkBack Thread Tools
Old 13-09-2019, 11:59 AM   #1
Master Member
 
Join Date: Aug 2018
Posts: 3,069
Short term investments

I'm between homes and will have some of the sales proceeds sitting around doing nothing for a few months. Anyone has any good ideas how to make the best of it?

I.e join some privilege banking or short dated bond etc
bright_84 is offline   Reply With Quote
Old 13-09-2019, 12:24 PM   #2
Senior Member
 
Join Date: Jun 2010
Posts: 606
I'm between homes and will have some of the sales proceeds sitting around doing nothing for a few months. Anyone has any good ideas how to make the best of it?

I.e join some privilege banking or short dated bond etc
There are some short term FD. Heard is maybank 2.2% p.a, put 9 months
boredboiboi is online now   Reply With Quote
Old 13-09-2019, 04:33 PM   #3
Supremacy Member
 
Join Date: Jun 2010
Posts: 9,280
There are some short term FD. Heard is maybank 2.2% p.a, put 9 months
Not quite that high, and there's some risk involved since SDIC coverage is limited to $75,000.

If you know there will be at least a 6 month holding period, and if you want the highest degree of safety (and a reduction of the time period when the funds will not be fully SDIC covered), then some or all of the funds can be held in a 6 month T-Bill.

Another possibility if you used CPF Ordinary Account funds for housing (on another property in this case) is to repay those funds (including accrued interest if you wish), then use the OA funds again for housing. OA pays 2.5%/year interest during the whole calendar months funds are parked.
Shiny Things likes this.
BBCWatcher is offline   Reply With Quote
Old 14-09-2019, 01:51 AM   #4
Arch-Supremacy Member
 
Join Date: Mar 2004
Posts: 12,291
I'm between homes and will have some of the sales proceeds sitting around doing nothing for a few months. Anyone has any good ideas how to make the best of it?

I.e join some privilege banking or short dated bond etc
Just go for normal savings accounts like Maybank and SCB that pays 2% without restriction on drawings as and when needed.
henrylbh is online now   Reply With Quote
Old 14-09-2019, 02:02 PM   #5
Senior Member
 
Join Date: Nov 2000
Posts: 2,050
Yangzijiang shares are in play nw due to recent massive selldown.

https://nextinsight.net/story-archiv...-target-s-1-46
yoongf is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On