How should I grow

[Oranger]

Dear all, I read with interest on how much money-savvy people here that are sharing tips on how we can keep growing our funds.

Not a very money-prudent person other than knowing to park savings somewhere in a bank. Have read through quite a fair bit here but as am not that savvy, I can get pretty confused.

If I may just ask, supposedly if I have some funds of bout 50k, what would be a good way to maximize this find's growth? Am a rather low-risk person, so had thought of FD but not too sure if it's the better approach in the long-run.

Salary have it credited into posb.. Seems like one of the lousiest approach on this end? Anyway, appreciate inputs/feedback. Thanks!

 

[luvalist]

Dear all, I read with interest on how much money-savvy people here that are sharing tips on how we can keep growing our funds.

Not a very money-prudent person other than knowing to park savings somewhere in a bank. Have read through quite a fair bit here but as am not that savvy, I can get pretty confused.

If I may just ask, supposedly if I have some funds of bout 50k, what would be a good way to maximize this find's growth? Am a rather low-risk person, so had thought of FD but not too sure if it's the better approach in the long-run.

Salary have it credited into posb.. Seems like one of the lousiest approach on this end? Anyway, appreciate inputs/feedback. Thanks!

Not sure how much is your salary but for now, seems like ocbc has a better deal for just salary crediting without spending or other products?

 

[alexchia01]

Dear all, I read with interest on how much money-savvy people here that are sharing tips on how we can keep growing our funds.

Not a very money-prudent person other than knowing to park savings somewhere in a bank. Have read through quite a fair bit here but as am not that savvy, I can get pretty confused.

If I may just ask, supposedly if I have some funds of bout 50k, what would be a good way to maximize this find's growth? Am a rather low-risk person, so had thought of FD but not too sure if it's the better approach in the long-run.

Salary have it credited into posb.. Seems like one of the lousiest approach on this end? Anyway, appreciate inputs/feedback. Thanks!

Since you are a low risk person, FD is the best way to go.

If you don't want to get your money stuck for 10 years before seeing any positive returns, avoid unit trusts.

Stocks are for mid risk taker. Generally, people make losses in the beginning. so you must able to accept losses if you choose to venture into stocks. For beginner, avoid penny stocks at all cost.

Forex and Futures are for high risk taker. This requires a lot of time, effect and cash. Unless you plan to become a full time trader, should not touch them.

 

[Darkzi0n]

If u r keen in investing, spend time learning about it first before committing ur funds.

But for a start, u can check out current accounts such as those from ocbc, uob or BOC. If u meet their requirements such as crediting atleast $2000 salary via giro or making 3 giro payment, u can qualify for interest rate that is much higher than posb.

Next, a penny saved is a penny earned. Apart from avoiding unnecessary expenditure, u can also take advantage of all the online coupons, discounts, rebates etc..

 

[sanzhu]

Dun waste time

Buy toto

Cheapest

Only when u have 100k then invest

 

[wahkao3]

for risk adverse ppl, go for low risk high return stocks
or not sure which stock to buy, juz go for bonds

 

[lzydata]

Depends on what your time horizon is and what use you have for this money.

If part of the reason of keeping it is as an emergency fund, you should have some of it in a liquid savings account. Consider some higher yielding ones like Stanchart's eSaver offer (1.4% pa for a new account), Maybank's iSavvy (about 1.15% pa), or CIMB's FastSaver (1% pa). Now with FAST it is easy and ahem fast to transfer money around anyway.

https://www.sc.com/sg/save/saving-e...B:NA-R:NA-T:NA-O:ESO-L:NA-D:150105-I:10002503
http://info.maybank2u.com.sg/promotion/deposits-banking/fresh-funds-top-up.aspx
http://www.cimbbank.com.sg/en/perso.../savings-accounts/cimb-fastsaver-account.html

If you have a short-term horizon but you don't necessarily need it to be liquid, then yes, FDs are your best bet, because they're simple and you already know how they work. A selection:

Maybank: 1.7%-2% pa for 12 to 36 months, minimum $25k
CIMB: 1.75% pa for 12 months, minimum $20k
UOB: 1.7% pa for 13 months, minimum $20k

For the medium term, like around 5 years, and yet not so volatile, you can consider buying one or two bonds such as the Capitaland Mall Trust 3.08% pa that matures in Feb 2021, or the Frasers Centrepoint Limited 3.65% pa maturing in May 2022, both trading at around par. So you earn those returns until the bond matures and the company pays back your principal. These retail bonds are traded on SGX so all you need is a CDP account and a brokerage account.

In the past one might still recommend the government's Singapore Savings Bonds (SSB), which are flexible in that you can hold them for as short as one month and as long as 10 years, and the longer you hold them the higher the interest earned. But yields have fallen and the 10-year return for the May issue is only 2.09% pa which is barely higher than a promotional FD rate.

These recommendations assume that you really aren't comfortable with volatility and so you want to steer clear of stocks. This also depends on your purposes for the money. But if you have a medium to longer time horizon, a good REIT like Capitaland Mall Trust (the stock, not the bond) will give you a healthy yield of about 5.4% as well as potential for growth.

 

[Oranger]

Dear all, much thanks for sharing!

Have actually got no upfront use, thus planning to capitalize on it. Was initially thinking to dump all in and more to get an EC since properties should be a somewhat good investment? but well, wasn't able to get the right loan quantum, so forget bout it.

Stocks-wise, have actually seen my parents lose quite alot of money there, probably more than 70k, thus am personally quite afraid of stepping in. Had thought of possibly just dumping into REITS and keep holding indefinitely since its for the medium to longer time horizon.

The bonds u guys mentioned sounds like another good alternative for a low-risk taker like myself. Will attempt to read more into it!

Really appreciate your inputs! Have more to learn!

 

[Mecisteus]

Ask your parents what did they learn from losing so much money in stocks. If given a chance, ask them what should they have done. And ask what they should not have done.

If you stick by the rules of investing/trading, it is not really that hard to make money.

 

[FreedomAngelz]

I started learning investing by first understanding what is money

 

[Bedokian]

TS, don't mind me asking, what is your highest education qualification and major of studies?

In case you wonder why I ask this, I will explain later.

 

[sashti90]

Hey Oranger, I'm from an insurance company but I would advise you to make use of the rising interest rates to invest in bonds such as the aspial bonds that were recently issued.. Rather short tenure- 5 years or less and decent interest- 5+%.

Cheers
Sashti

Dear all, I read with interest on how much money-savvy people here that are sharing tips on how we can keep growing our funds.

Not a very money-prudent person other than knowing to park savings somewhere in a bank. Have read through quite a fair bit here but as am not that savvy, I can get pretty confused.

If I may just ask, supposedly if I have some funds of bout 50k, what would be a good way to maximize this find's growth? Am a rather low-risk person, so had thought of FD but not too sure if it's the better approach in the long-run.

Salary have it credited into posb.. Seems like one of the lousiest approach on this end? Anyway, appreciate inputs/feedback. Thanks!

 

[hypertrophy]

Save more ba.. 50k is hardly a good base to grow

 

[Oranger]

Ask your parents what did they learn from losing so much money in stocks. If given a chance, ask them what should they have done. And ask what they should not have done.

If you stick by the rules of investing/trading, it is not really that hard to make money.

During then, they're just basing off friend's recommendations. Say this one rising, buy buy.. etc. News report good stock, buy and hold. Hold until gone..

TS, don't mind me asking, what is your highest education qualification and major of studies?

In case you wonder why I ask this, I will explain later.

Degree in Information Systems. What's up regarding this?


Thanks all for sharing about bonds, specifically retail ones mentioned. That'll be something I'm leaning more towards for this investment.

Anyway, supposedly if its 100k? Bonds won't be that worth? Just curious as I seem to get the notion that with investment of 100k and up, will it be a better amount to really start.

 

[icicic]

Hey Oranger, I'm from an insurance company but I would advise you to make use of the rising interest rates to invest in bonds such as the aspial bonds that were recently issued.. Rather short tenure- 5 years or less and decent interest- 5+%.

Cheers
Sashti

So what does aspial do?

Sent from Sony D6653 using GAGT

 

[Android user]

Sti etf dca

Sent from LGE LG-E988 using GAGT

 

[Bedokian]

Degree in Information Systems. What's up regarding this?

Thanks for the info. I was actually gauging on your knowledge of investments.

In this case, I would suggest you do some read up on the basics of investments, then move on to portfolio. There are several good basic books, such as Investing for Dummies and Handbook for Stock Investors for a more local context. Gain some knowledge and know your risk appetite before making the jump.

There are many ways and strategies to investing, and from what you have read here there are already a variety of styles. Find one that is suitable for you and stick to it. It is OK to mix and match different approaches and call it your own.

 

[Oranger]

Thanks for the info. I was actually gauging on your knowledge of investments.

In this case, I would suggest you do some read up on the basics of investments, then move on to portfolio. There are several good basic books, such as Investing for Dummies and Handbook for Stock Investors for a more local context. Gain some knowledge and know your risk appetite before making the jump.

There are many ways and strategies to investing, and from what you have read here there are already a variety of styles. Find one that is suitable for you and stick to it. It is OK to mix and match different approaches and call it your own.

Thanks for sharing! Have practically not much knowledge in this area other than to save.

"investing for dummies" is this ?

I believe ur other mentioned book will only be avail locally. Much appreciate and shall look out for the above.