Ya. HYSA and options have very different risk levelsokay will delete away.
But the asset here we are all talking is Cash haha. Anyway i got your point.
And purpose of people putting monies in a HYSA is to grow that cash to have interest/profits which is the ultimate goal. Just sharing thats all.
Which is why banks encourage people to follow the crowd and put in high yield saving accounts or normal saving accounts.
Which is why banks encourage people to follow the crowd and put in high yield saving accounts or normal saving accounts.
And they in turn use this monies to invest / trade and get more out of it, and pays the consumer low interest rates of 4 and below.
It comes with risk but if one knows how to manage it, the positive outweights the negative, which is why banks can do this year in year out. And the masses of people are like the sheep, providing monies to banks thousands and thousands of dollars for the banks to get richer.
So we all ought to learn and do it ourselves and make our monies grow.
I think yr standard of “Rich” vy high…..Top 1-2%?
From what i know banks and insurance companies usually invest in bonds leh.Which is why banks encourage people to follow the crowd and put in high yield saving accounts or normal saving accounts.
And they in turn use this monies to invest / trade and get more out of it, and pays the consumer low interest rates of 4 and below.
It comes with risk but if one knows how to manage it, the positive outweights the negative, which is why banks can do this year in year out. And the masses of people are like the sheep, providing monies to banks thousands and thousands of dollars for the banks to get richer.
So we all ought to learn and do it ourselves and make our monies grow.
No leh For me, HY accounts basically a place to park cash while waiting for market opportunities.okay will delete away.
But the asset here we are all talking is Cash haha. Anyway i got your point.
And purpose of people putting monies in a HYSA is to grow that cash to have interest/profits which is the ultimate goal. Just sharing thats all.
Received something today with the remarks "One Tax Promo 2504"
Same here
You had your tax instalment deducted in april?Same here
I mean did you pay your income tax instalment using uob account in april? Plus had money lock etc done even before they announced the promo as i understand it was announced quite close to the end of april so most people did not have time to set it up for april deductionDon't understand what you asking, but this is what I see.
Not for those who already have been using UOB to pay their income taxes by giro before the promo. they get to enjoy the apr deduction with the additional criteria met.
Did not receive yet
This is correct to the cents.
