*Official* MasterLeong Thread - Part 2

[goh6570]

ML - can check with you on ssb?

for instance if i apply the bond for the mar issue, which is 2.38% which means it will be locked for this rate and if next mth should the rate fall or rise, it will not affect right?

 

[goh6570]

singpost dont try to average down ba

dunno how big the write off may be

could be 10-50% of the whole company written off

wa.. singpost is also in my watchlist sia...
maybe i should remove for now.. lol

 

[goh6570]

if ST kanna drag down by SP, we must summon the courage to hoot ST big big hahaha

hoot ah hoot

 

[MasterLeong]

ML - can check with you on ssb?

for instance if i apply the bond for the mar issue, which is 2.38% which means it will be locked for this rate and if next mth should the rate fall or rise, it will not affect right?

First year got so high meh
But all numbers shown are locked in

 

[Perisher]

ML - can check with you on ssb?

for instance if i apply the bond for the mar issue, which is 2.38% which means it will be locked for this rate and if next mth should the rate fall or rise, it will not affect right?

There is a thread in moneymind for all things SSB.
Anyway, it's a step up interest, over 10 years, that's the average interest rate you get. Not every year get 2.38%. And yes the interest rate is locked in.

 

[tanjiakpeng]

ML - can check with you on ssb?

for instance if i apply the bond for the mar issue, which is 2.38% which means it will be locked for this rate and if next mth should the rate fall or rise, it will not affect right?

ssb is a ******** and phail product. i said many times already. lock in 10yr average and ur returns is still more cui than cpf.

for the above to be true, assumption here is u are going to use your cpf to buy house or ur children's education.

otherwise you're better off with reits or a portfolio mix, or even fixed D at foreign banks

 

[Perisher]

ssb is a ******** and phail product. i said many times already. lock in 10yr average and ur returns is still more cui than cpf.

for the above to be true, assumption here is u are going to use your cpf to buy house or ur children's education.

otherwise you're better off with reits or a portfolio mix, or even fixed D at foreign banks

Cpf lacks liquidity unless one is near retirement age. Just saying.

 

[Layers]

Anyone put or transfer $ from OA to SA?

Sent from Sony E6853 using GAGT

 

[XiangKaPager]

Anyone put or transfer $ from OA to SA?

Sent from Sony E6853 using GAGT

I did. That is because i'm pretty sure i will not be using the money in OA to buy a house for the next few years. Might as well throw into SA to get more interest.

Sent from Huawei NEXUS 6P using GAGT

 

[lioninvestorco]

Can I ask is it possible to max out SA?

I understand MA is around 52K for this year right?

 

[MasterLeong]

Anyone put or transfer $ from OA to SA?

Sent from Sony E6853 using GAGT

i put all into SA

OA i keep 10k only

as I already got HDB flat with no debt


If you plan to buy HDB flat with gf/wife then I would advise keeping money in OA

 

[goh6570]

U must know that. Stocks is volatile. Not 100% risk free. I do have reits and others. It'd my extra fund. Ssb not for everyone. It'd not really locked. Redeemable anytime.

Diversified bro. Am not dumping all into stocks

ssb is a ******** and phail product. i said many times already. lock in 10yr average and ur returns is still more cui than cpf.

for the above to be true, assumption here is u are going to use your cpf to buy house or ur children's education.

otherwise you're better off with reits or a portfolio mix, or even fixed D at foreign banks

 

[goh6570]

Agree. Cpf lack of liquidity. And u cannot suka suka withdraw anytime u like

Cpf lacks liquidity unless one is near retirement age. Just saying.

 

[goh6570]

FD at the moment lousy. I rather place with ssb for now. Can always redeem all anytime. Risk free. Back by govt. And that's the fund I don't need. So I'm ok with 10 yrs.

ssb is a ******** and phail product. i said many times already. lock in 10yr average and ur returns is still more cui than cpf.

for the above to be true, assumption here is u are going to use your cpf to buy house or ur children's education.

otherwise you're better off with reits or a portfolio mix, or even fixed D at foreign banks

 

[goh6570]

I know there is thread on ssb. Don't hv the info I need. That day ML mentioned above ssb. That's why am asking him

There is a thread in moneymind for all things SSB.
Anyway, it's a step up interest, over 10 years, that's the average interest rate you get. Not every year get 2.38%. And yes the interest rate is locked in.

 

[Perisher]

I know there is thread on ssb. Don't hv the info I need. That day ML mentioned above ssb. That's why am asking him

your question is quite normal. Quite sure it's answered in the thread. Anyway hope you gotten your answer.

 

[Maeda_Toshiie]

ssb is a ******** and phail product. i said many times already. lock in 10yr average and ur returns is still more cui than cpf.

for the above to be true, assumption here is u are going to use your cpf to buy house or ur children's education.

otherwise you're better off with reits or a portfolio mix, or even fixed D at foreign banks

It's a bond with a not so conventional coupon rate. You cannot compare it with REITs or equities.

CPF is locked until 55 and if you meet the sum.

Fixed deposits at foreign banks are for foreign currencies which incur exchange risks.

Apples to apples comparison needed.

 

[Maeda_Toshiie]

I did. That is because i'm pretty sure i will not be using the money in OA to buy a house for the next few years. Might as well throw into SA to get more interest.

Sent from Huawei NEXUS 6P using GAGT

Remember that the movement is one way, so do your calculations on how much you need to leave around in your OA when (if) you need it.

 

[goh6570]

Well said.

Thanks for helping to elaborate

It's a bond with a not so conventional coupon rate. You cannot compare it with REITs or equities.

CPF is locked until 55 and if you meet the sum.

Fixed deposits at foreign banks are for foreign currencies which incur exchange risks.

Apples to apples comparison needed.

 

[Layers]

Can I ask is it possible to max out SA?

I understand MA is around 52K for this year right?

Yes. Max limits of SA is your minimum sum.

Sent from Sony E6853 using GAGT