Investment advice $140k

[Needmysleep]

First post in this money mind forum.

Recently have some cash I need to invest for at least 8-12 months.
Wish to be quite conservative with this amount as will likely go into home payments and renovation.
I do have a fundsupermart account - with mostly CPF OA investments.
I know that this year has been quite horrible for most investments!

Any ideas for a conservative investment ( other than the bank account ) for this amount of money.
- don't think FD since I need it to be liquid.

TIA

 

[testingabc]

If you want to be conservative, either good savings account like RHB High Yield / SIF GoSaver or 6 months T bills.

 

[reddevil0728]

First post in this money mind forum.

Recently have some cash I need to invest for at least 8-12 months.
Wish to be quite conservative with this amount as will likely go into home payments and renovation.
I do have a fundsupermart account - with mostly CPF OA investments.
I know that this year has been quite horrible for most investments!

Any ideas for a conservative investment ( other than the bank account ) for this amount of money.
- don't think FD since I need it to be liquid.

TIA

how liquid you need it to be?

instant?
1 week?
1 month?
6 months?

 

[iduncheckmail]

First post in this money mind forum.

Recently have some cash I need to invest for at least 8-12 months.
Wish to be quite conservative with this amount as will likely go into home payments and renovation.
I do have a fundsupermart account - with mostly CPF OA investments.
I know that this year has been quite horrible for most investments!

Any ideas for a conservative investment ( other than the bank account ) for this amount of money.
- don't think FD since I need it to be liquid.

TIA

For investments there is no certainly to turn around in 8-12mths.
You need it to be liquid means savings accounts.
You dont want savings accounts.

I Needmysleep.

 

[tesarise]

8-12 mths bao jiak + liquid + not bank acc + not FD ?
you need it to make you breakfast and clean your house also?

 

[exterminazn]

Put in savings account confirm can sleep properly

 

[Needmysleep]

how liquid you need it to be?

instant?
1 week?
1 month?
6 months?

1-2 weeks is fine .

For investments there is no certainly to turn around in 8-12mths.
You need it to be liquid means savings accounts.
You dont want savings accounts.

I Needmysleep.

haha.I understand what u mean . Am usually in things for the long run.

 

[reddevil0728]

1-2 weeks is fine .

then normal high yield bank account.

 

[Needmysleep]

8-12 mths bao jiak + liquid + not bank acc + not FD ?
you need it to make you breakfast and clean your house also?

FD locks it away.
Bank account - not doing anything inside the account . want it separate from my running account.
Liquid - since might need it pulled when ready to be used

Make breakfast and clean house - bonus!

 

[tesarise]

Bank account - not doing anything inside the account . want it separate from my running account.

means just dont want to use your existing bank account issit. then do those high yield accounts:
https://blog.seedly.sg/insurance-savings-plan-singapore/

 

[lzydata]

Let's also mention CIMB FastSaver - maximum rate is 1.5333% pa for exactly $75k. However, they are swamped with applications now.

https://www.cimb.com.sg/en/personal.../savings-accounts/cimb-fastsaver-account.html

 

[0218crawford]

SSB.........

 

[reddevil0728]

SSB.........

Not 1-2 weeks liquidity

 

[0218crawford]

Not 1-2 weeks liquidity

I redeemed few years back. cannot remember the actual turnaround but I know its quite fast.

 

[BBCWatcher]

1. What is the earliest date when you could need to tap this particular money? (For example, if you haven't even bought the home yet and won't for at least 8 months then you don't need this particular money for renovations yet.)

2. Once the earliest date has arrived, how quickly would you need to tap this particular money (in minutes, hours, days, or weeks)?

3. Do your answers change for a portion of this particular money? For example, would you need a maximum of $70K (50%) as soon as 9 months from now and could tolerate up to a 5 week delay in obtaining that $70K for spending?

 

[reddevil0728]

I redeemed few years back. cannot remember the actual turnaround but I know its quite fast.

it is. from a few days up till 1 month so 1-2 weeks as mentioned by ts might be too long

1. What is the earliest date when you could need to tap this particular money? (For example, if you haven't even bought the home yet and won't for at least 8 months then you don't need this particular money for renovations yet.)

2. Once the earliest date has arrived, how quickly would you need to tap this particular money (in minutes, hours, days, or weeks)?

3. Do your answers change for a portion of this particular money? For example, would you need a maximum of $70K (50%) as soon as 9 months from now and could tolerate up to a 5 week delay in obtaining that $70K for spending?

TS mentioned need liquidity within 1-2 weeks

 

[lzydata]

There is the option of dividing the money into a more liquid, can-withdraw-anytime option like a high yield savings account, while putting some in a T-bill or fixed deposit for the higher yield.

 

[CaptainWu]

Can consider put into MMF, its low risk but not zero risk though.

 

[dude123]

First post in this money mind forum.

Recently have some cash I need to invest for at least 8-12 months.
Wish to be quite conservative with this amount as will likely go into home payments and renovation.
I do have a fundsupermart account - with mostly CPF OA investments.
I know that this year has been quite horrible for most investments!

Any ideas for a conservative investment ( other than the bank account ) for this amount of money.
- don't think FD since I need it to be liquid.

TIA

can consider DBS 3.5%..instant FAST in & out..super liquid..

 

[sohguanh]

can consider DBS 3.5%..instant FAST in & out..super liquid..

3.5% is those need to fulfill multiple criteria that kind? Not everyone is keen to play such game as it is tiring need to keep track. If no work or retiree by all means but if full-time working (unless is shake leg kind of job), doubt TS want to go through that effort to get that 3.5%