I got 30K spare cash...
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buy shares..and careful..not to get ur finger burnt...
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be aware of the currency exchange rate which can eat into your over-all yield.Originally posted by UOS:if u wan to just earn interest rate...why not invest in other countries bank?
australia have online manager, and it yields 5.40% each yr...and u dun even have to physically be there...u juz have to do ur transaction online....
www.citibank.com.au
check it out...becoz i have one there...and it quite good...as for other banks in other countries, i havent check it out yet....so give it a try if u just wan to have an investment thru fixed deposit... -
i would suppose you are in your first year of managing your wealth. i would suggest unit trust instead. at least you can be sure that they are being managed by reputable fuud manager who's job is to 'play' the market.Originally posted by snop_coolz:buy shares..and careful..not to get ur finger burnt... -
just buy OCBC and keep it for 10 years.
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stays in the bankOriginally posted by forum_man:After putting in bank for 5 years liao...now can take out, spare cash..
If you had 30K, what would you do with it....
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serious can have the link to the webpage? pleaseOriginally posted by browniebaobao:if u got another 20k and no use for it.. go put standard chatered and put Fixed Deposit 10 Months. Interest very high.. 10 months will give u about $1000.
30k enough to start a business?
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Originally posted by YI:i would suppose you are in your first year of managing your wealth. i would suggest unit trust instead. at least you can be sure that they are being managed by reputable fuud manager who's job is to 'play' the market.
sorry!!! i m taking my GCE next year
not even into jc/poly yet -
use as toilet paper
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Give it to me....I'll help you keep it safe form thieves......
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Read the Strait Times today for reference if you are keen in fixed deposits.
The interest rate for normal saving account is too low and lagging against the rising inflation rate.
As for the Fixed and Flexi Deposit, please read up on the fine print on the admin charges.
As for Unit Trust and Fund, you have to pay much more admin charges and the interest is not guaranteed. -
wow, 30K spare cash! then u must have at least another 200K savings in ur bank!Originally posted by forum_man:After putting in bank for 5 years liao...now can take out, spare cash..
If you had 30K, what would you do with it.... -
P-member for everyone of us.
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if you daring, deposit fixed deposit in Indonesia. interest rate there 10-20%.
without revealing howmuch, my savings quadrupled in 4 years.
risk is sudden devaluation of rupiah like in 1997. but i say unlikely to happen now. -
Traveling..
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hmm i dun see it on the web liao..Originally posted by newmanmback:serious can have the link to the webpage? please
but i see this tho..
http://www.standardchartered.com.sg/cb/deposit/esaver_novpromo/esaver_novpromo.html
yup, see the small prints.. anything.. u can juz call up the bank to ask ba..
I got all the info from my sis wan.. coz she works in bank..
atually Hong Leong also giving quite attractive rate also.. but Standard Chartered wins.. -
Who says donate to NKF not investment, u invest in a dialysis machine & do goodOriginally posted by forum_man:Come on...i mean investment or something that grow money...
Donate NKF for what...that blood sucker Durai always being my nightmare!
Peanuts to him! -
U should pm the private banker fella, maybe he got some lobang, btw never see him liao.
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Originally posted by scorchio:P-member for everyone of us. thank you first
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This sounds interesting...How do you go about doing that?Originally posted by Ponders:if you daring, deposit fixed deposit in Indonesia. interest rate there 10-20%.
without revealing howmuch, my savings quadrupled in 4 years.
risk is sudden devaluation of rupiah like in 1997. but i say unlikely to happen now. -
The interest rate so high....good i shall take out another 30K and deposit then...Originally posted by browniebaobao:hmm i dun see it on the web liao..
but i see this tho..
http://www.standardchartered.com.sg/cb/deposit/esaver_novpromo/esaver_novpromo.html
yup, see the small prints.. anything.. u can juz call up the bank to ask ba..
I got all the info from my sis wan.. coz she works in bank..
atually Hong Leong also giving quite attractive rate also.. but Standard Chartered wins.. -
1.Travel
2.InvEstment
3.Save
4.sAve
5.save
6.Save
if u dont have any need now ! save the money , believe there will be a point in life , when u would need that money ... -
The interest rate so high....good i shall take out another 30K and deposit then...
If you read the fine print carefully, to enjoy the 2.75% you need open a transactional deposit account of at least 5K to play. So it is like you put 25K + 5K. What happened after 12 months? You can close your 5K account without any penalty?
To me this promotion is like trying to increase their account holders and I believe there is some charges or admin fees or additional requirements to closing down the account. They may try to tied your 5K down to them. Think of the aftermath not immediate returns.
This is unlike finance companies which is straight forward. Simple terms is easier for laymen citizens like us -
If I got 30K I will clear my car loan (abt $23K) so I can stop paying interest........and use the remaining to take Wedding Photos.
Then the following salaries I wont be tied down by car installments....so I got $720 monthy to spend as I wish... -
thats what my sister did and brother did.
both paid their condos and cars in full.
totally debt free.