Fixed Deposit has been gradually dropping...

[Jeremy1]

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

That will depend on your skill.

It isn't that scary as if you're trading crypto.

Stocks still hold values but need to know entry price.

 

[Jeremy1]

hope keep dropping until next jun haha

To Zero as long as Trump in control

 

[d3n]

willing to take of the higher risk for the higher return

not everyone takes risk.

FD is risk free since principle sum is protected

 

[mcylo]

not everyone takes risk.

FD is risk free since principle sum is protected

yup thats correct. Current low FD interest envirnoment doesnt sound attractive to me.

 

[d3n]

yup thats correct. Current low FD interest envirnoment doesnt sound attractive to me.

as long as it don't be on par with saving account can liao.

 

[Sadisticnoob]

not everyone takes risk.

FD is risk free since principle sum is protected

Protected till the FDC insurance of 100k , more than that not insured

 

[d3n]

Protected till the FDC insurance of 100k , more than that not insured

can split to few bank to deposit loh

anyway so far haven seen stories where FD , the principle sum affected

 

[Roundtreex]

not everyone takes risk.

FD is risk free since principle sum is protected

Finance always capitalise on the ignorances. The more the better.

 

[mynickname]

Old people, retirees generally will not try to take any risk.

Naturally. Just trying to suggest a flaw in his reasoning that you used to beat inflation with the higher interest before.

 

[mynickname]

not everyone takes risk.

FD is risk free since principle sum is protected

Fd is not risk free. You are subject to default risk at minimum, however how small you perceive the % to be, its not zero

 

[Roughice]

Fd is not risk free. You are subject to default risk at minimum, however how small you perceive the % to be, its not zero

SDIC is there for a reason

 

[d3n]

Fd is not risk free. You are subject to default risk at minimum, however how small you perceive the % to be, its not zero

at least principal sum is protected.

and so far none of the banks in sg closed down yet and ppl losing their savings as a result.

so to me is no risk.

 

[Lchlch]

more than a year never do FD liao.

Glad I diverted all my funds to equity.

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.

 

[Lchlch]

At least 10 years later. The era of high interest rates are over.

Nobody likes high interest rates.

Hopefully it bounce back now…..

 

[Lchlch]

at least principal sum is protected.

and so far none of the banks in sg closed down yet and ppl losing their savings as a result.

so to me is no risk.

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

 

[Lchlch]

not everyone takes risk.

FD is risk free since principle sum is protected

Yes i am one of them.
I think many older people also want free risk.
so they can have yearly interest to buy stuff.

 

[d3n]

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

but tiagong, got ppl jump off the BTO after losing money in stock market/crypto in the past.

https://www.channelnewsasia.com/sin...ssness-experts-raise-depression-fears-4630556

https://sgwealthbuilder.com/2016/01/29/committing-suicide-due-to-stock-market-crash/


haven heard of ppl suicide cos losing their FD.

 

[Lchlch]

Naturally. Just trying to suggest a flaw in his reasoning that you used to beat inflation with the higher interest before.

I even have bank investment staff calling me about my FD.

 

[Lchlch]

but tiagong, got ppl jump off the BTO after losing money in stock market.

Probably those people thought playing stock can earn a lot then FD.

 

[d3n]

Probably those people thought playing stock can earn a lot then FD.

not everyone can be like @dereth