Fixed Deposit has been gradually dropping...

[purplewave]

getting now 1.x% super low

 

[d3n]

getting now 1.x% super low

as long as above savings % still ok, still high. else buy SSB loh

https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds

1.99% (principle protected also)

 

[Visor9999]

Yes so far so many decades, never have bad news about peasants lost all their fd.

The bad news is FD rate is lower than inflation now. Sg inflation about 3% yearly so in the end will lose out 1.5% yearly even at 1.5% interest rate

 

[d3n]

The bad news is FD rate is lower than inflation now. Sg inflation about 3% yearly so in the end will lose out 1.5% yearly even at 1.5% interest rate

retirees dun care about inflation.

they just worried about their principle sum whether protected or not cos thats more important than the interest they received

no point give them 10% then next moment half their principle sum gone when market crashes and they can never save back this amount of money since they stopped working.

 

[~sabaisabai~]

as long as above savings % still ok, still high. else buy SSB loh

https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds

1.99% (principle protected also)

https://www.ilovessb.com/projection/SBFEB26

Projected Feb is 2.13%

 

[Jeremy1]

Buy good dividend stocks but most already went up liao.

Still I am very optimistic on S Reits in the long term

 

[ask_yip]

next year I plan to up my ssb

 

[Lchlch]

retirees dun care about inflation.

they just worried about their principle sum whether protected or not cos thats more important than the interest they received

no point give them 10% then next moment half their principle sum gone when market crashes and they can never save back this amount of money since they stopped working.

I spoke to retirees, mamy same answer, that is, they dnt spend much once hit retirement age.

 

[wutawa]

For older people or retirees, not possible. Get burn all his whole life saving gone. Not worth it.

FD is not for elderly. they should be focusing on spending. arbo wait till when then use their money?

 

[mcylo]

This is what i heard from colleagues and friends.
saying when one grow old near retirement age, best is to have min investment but risk free FD.

low risk yes. there is no such thing as risk free

 

[~sabaisabai~]

I spoke to retirees, mamy same answer, that is, they dnt spend much once hit retirement age.

Retiree nothing to spend. Unless one loves to travel

 

[~sabaisabai~]

low risk yes. there is no such thing as risk free

Got la
fd and ssb. Ssb back by gahmen. Got risk?
Fd is protected SDIC 100k. If placed fd with local 3 banks and you worry risk then Singapore will be in trouble.
Unless you talking about buying stocks or mutual fund

 

[white_prince]

Moi friend every year collect $27K dividends… he never shared what he bought.

 

[white_prince]

FD is not for elderly. they should be focusing on spending. arbo wait till when then use their money?

Totally agreed on this! Thats their end of life soon. It is better to let go!

 

[sfugel]

Moi friend every year collect $27K dividends… he never shared what he bought.

About the same as me. Mine mainly the Big 3 banks.

 

[Lchlch]

Retiree nothing to spend. Unless one loves to travel

nowadays, when getting older, we tend to spend lesser and lesser.

 

[Lchlch]

Moi friend every year collect $27K dividends… he never shared what he bought.

one month dividends $27k?

 

[~sabaisabai~]

one month dividends $27k?

Means his principal sum is large. Else how to get 27k per month. Let's say 5% dividend yield. U go calculate

 

[white_prince]

one month dividends $27k?

It is once a year…i think he is not so rich

 

[Lchlch]

It is once a year…i think he is not so rich

$2,250 per month.
at least $600k investment?