USD(200K( - Investing

[sanji17]

Hi,

What would be a sound investment with 230K USD on hand? Currently, I have about 150kUSD split into couple of tenors in CIMB Foreign Currency Fixed Deposit at various interest 2.05%~2.25. I have another 80K USD sitting in DBS Multiplier account basically doing nothing. For this 80K USD, my plan was to wait for USD-SGD to hit 1.4 before converting it to SGD.

I don't have any immediate use of the monies described above and is alright to lock it down for 2-4 years or more if the yield is decent(Anything more then 4%).

Any advise from gurus here...?

Thanks in advance.

 

[Shiny Things]

What would be a sound investment with 230K USD on hand? Currently, I have about 150kUSD split into couple of tenors in CIMB Foreign Currency Fixed Deposit at various interest 2.05%~2.25.

My question would be: why do you have US dollars in the first place? You live in Singapore; why are you holding your money in US dollars instead of Singapore dollars?

 

[sanji17]

My question would be: why do you have US dollars in the first place? You live in Singapore; why are you holding your money in US dollars instead of Singapore dollars?

I am working as a consultant for a US firm. The settlement for my pay is via TT-USD.

 

[taquito]

he's an expat ****

 

[sanji17]

he's an expat ****

No leh, I am Singaporean, got served NS hor!