Help on savings

[toaddd]

I have 50k savings and I want it to grow. Anyway to grow it with minimum risk? I looked up sti but now its going bad. So I have been looking up fixed deposit. But not sure if its the best way. I won't be touching this amount for like 10 years so I want it to be a good investments. Any tips. Thanks in advance!

 

[SCG8866T]

I have 50k savings and I want it to grow. Anyway to grow it with minimum risk? I looked up sti but now its going bad. So I have been looking up fixed deposit. But not sure if its the best way. I won't be touching this amount for like 10 years so I want it to be a good investments. Any tips. Thanks in advance!

Put into fcl 3.65% 7 years retail bond and dont look at it for 7years. You will get approx 3.93% yield to maturity p.a.

 

[chuanz]

- put into any bank FD which you do not have any single account under your name, will be fully covered by SDIC (i.e. risk free). Highest offer currently is StanChart I think.

- SSB current month's offering 2.5% p.a. http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

- A35
- ES3 (more risk but 10-years should be able to ride out this trough)

 

[toaddd]

Wow. I am interested in both. The fcl seems to have abit of risk. It's not guaranteed right? Do I need a broker to buy that bond?

For the ssb it looks good and easy to buy. Through ATM also can. And this month need to buy le. I will consider it. Thanks for the advise. Sorry noob here.

 

[chuanz]

SSB every month have. Interest varies and nobody here will likely know what'll the 10-yr interest be for next month's issue.

FCL can buy through normal stock channels. As with all bonds, guaranteed to be redeemed at par by issuer upon maturity, if they're still around and don't default.

Please don't rush into anything, especially when it's about investing. DYODD.

 

[JetStorm]

I have 50k savings and I want it to grow. Anyway to grow it with minimum risk? I looked up sti but now its going bad. So I have been looking up fixed deposit. But not sure if its the best way. I won't be touching this amount for like 10 years so I want it to be a good investments. Any tips. Thanks in advance!

Is 50k inclusive of your emergency funds? If not you may want to decide how much of an emergency fund you need and invest the rest.

Sent from Nubia NX507J using GAGT

 

[spiritGate]

Start with ssb bah, since it has no risk and also quite flexible. But is up to you to decide.

Sent from sent from gagt using GAGT

 

[01asdf]

Or you could just stick it into the bank with one of those higher interest accounts? No lock in and 50k is insured so little risk.

 

[koja6049]

why not start with ocbc360?