Investment advise

[jetblack]

I have 10-12k savings per mth

Planning to buy property in 2 yrs time

Pls advise where to put my money for best returns. Not keen in risky assets.

TIA

 

[JuniorLion]

I have 10-12k savings per mth

Planning to buy property in 2 yrs time

Pls advise where to put my money for best returns. Not keen in risky assets.

TIA

Citi Maxigain will be able to meet your needs.

 

[BBCWatcher]

Citi Maxigain will be able to meet your needs.

No, it won't actually -- not by itself, not well. MaxiGain base interest (0.8 percentage points) is limited to the first $150,000. At $11K/month JetBlack will hit that limit in about 13 months. It also takes a year for the interest rate to ramp up, and JetBlack has only two years of time horizon. And MaxiGain interest is not guaranteed.

Singapore Savings Bonds (SSBs) look pretty good for up to $100K of that (the limit per individual). The current SSB (December, 2017) will yield 1.45% per annum for a 2 year hold, so not bad.

What I think would work pretty well is to put the first $10,000 into MaxiGain, to start the interest counters. Put the next $100K into SSBs. Then put the next ~$135K into MaxiGain. I'm assuming here that JetBlack already has at least $5K at Citibank. (Citibank has a Total Relationship Balance requirement of $15K to avoid monthly minimum fees.)

 

[jetblack]

thank you for the advises

would like anything that yields 2-3% as i have maxed out boc smartsaver, dbs multiplier, uob one.

maybank saveup quite troublesome, so looking for any other options. thanks

 

[Wood41]

Is Singapore residential property going to be
cheaper 2 years later ?

 

[BBCWatcher]

would like anything that yields 2-3%

Wouldn't we all. (Well, not borrowers.)

Is Singapore residential property going to be
cheaper 2 years later ?

Maybe, maybe not. What does your reliable crystal ball tell you?

We've had about 4 years of falling valuations right now, so obviously a 2 year fall is possible going forward.

 

[Wood41]

No ‘experts’ can be sure but do some
intelligent guessing :

 

[jetblack]

Wouldn't we all. (Well, not borrowers.)

In my previous post I'd already mentioned 4 options that yields 2-3% pa

Any constructive input from u?

 

[jetblack]

Is Singapore residential property going to be
cheaper 2 years later ?

Not very sure
I am upgrading my residence nonetheless

 

[BBCWatcher]

In my previous post I'd already mentioned 4 options that yields 2-3% pa

Yes, and you said you’ve maxed them out.

For the record, Standard Chartered has a broadly similar rewards account called Bonu$aver. It too is limited (to the first $100,000). Even if you can play the games to qualify for the higher interest (hard to imagine how you’re doing it already, keeping all those balls up in the air to qualify for bonus interest on three rewards accounts) you’ll still have the same problem about 9 months from now due to the limit on bonus interest.

If you want to achieve those sorts of yields with a time horizon of 2 years, and with the amount of money you’re describing, then you’ll have to put principal at risk. Are you willing to do that?

 

[JuniorLion]

Should have put into GE205 when it was rolled out on 4 Dec 2017. Unfortunately, it's over now. That would give you 2.05%.

Then again, you're describing some sort of rolling income.

 

[jetblack]

Thanks JuniorLion. Any other of this sort?
I can always empty out my current balances with those accts and start again, with a lump sum for such GE205 alike opportunities.

Should have put into GE205 when it was rolled out on 4 Dec 2017. Unfortunately, it's over now. That would give you 2.05%.

Then again, you're describing some sort of rolling income.

 

[JuniorLion]

https://www.fwd.com.sg/savings-and-investments/endowment-insurance/

2.02%. 3 years plan. Maximum of 18k.

Maybe you can park some of it here, but longer than your 2-year requirement.

 

[pcmdan]

Is Singapore residential property going to be
cheaper 2 years later ?

Haha I am aiming at that.

Solid gdp and economy are just propagada news..I don't really believe it..

Contratrian concept lol...

 

[henrylbh]

Solid GDP and economy seems true to me, the only catch is: who benefited?

When GST was introduced and raised to 7%, the high income earners benefited from income tax cut from 33% to 20%.

Not surprise this time it is high income earners benefit again (like SMRT CEO - screw up but receiving higher pay than predecessor nevertheless).

You sure SMRT CEO - screw up but receiving higher pay than predecessor nevertheless?

If really the case, than KBW or the remuneration committee need to get F F F.

 

[jetblack]

how come this forum is like kopitiam have uncles scratching toes and talk cock about government and other totally irrelevant stuffs