AUD foreign currency fixed deposit - which bank?

[Sdf4786k]

Looks like weaken again..

 

Time to shore up for the australia holiday.

 

Anyone using UOB app to change?

 

SGD/AUD (SGDAUD=X)

CCY - CCY Delayed Price. Currency in AUD

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1.00206+0.00010 (+0.01%)

As of 11:00PM BST. Market open.

 

[Throttle2]

yes i think i will buy a bit more

[Albeniz]

Anyone buying NZD also?

 

Is now a good price to load some?

Edited August 15, 2018 by Albeniz

[Philipkee]

Anyone buying NZD also?

 

Is now a good price to load some?

I just put in NZD50000 at posb foreign currency fixed deposit. I got it at about 91 cents plus SINGAPORE for one NZD.

 

As per strategy, I apply for it to roll over monthly to get a reasonable interest rate and if the exchange rate goes in my favour I take it out. Once a month I review exchange rate. If it does not go in my favour, I let it roll over and hopefully the capital will increase to cover any loss.

 

NZD seems to fluctuate around the 90 cents to 1 SGD mark so I just wait lor.

Edited September 7, 2018 by Philipkee

[Throttle2]

I just put in NZD50000 at posb foreign currency fixed deposit. I got it at about 91 cents plus SINGAPORE for one NZD.

 

As per strategy, I apply for it to roll over monthly to get a reasonable interest rate and if the exchange rate goes in my favour I take it out. Once a month I review exchange rate. If it does not go in my favour, I let it roll over and hopefully the capital will increase to cover any loss.

 

NZD seems to fluctuate around the 90 cents to 1 SGD mark so I just wait lor.

Well, its a decent entry point, anything near 90cts

But the AUD with a more robust economy might be a better horse, in my opinion.

 

In any case, $50,000 really isnt going to move any needle

So i guess, its your pure cash portion.

 

Where is the other $500k sitting?

Share leh

[Philipkee]

Well, its a decent entry point, anything near 90cts

But the AUD with a more robust economy might be a better horse, in my opinion.

 

In any case, $50,000 really isnt going to move any needle

So i guess, its your pure cash portion.

 

Where is the other $500k sitting?

Share leh

Not like you so rich. But I did put another $50k in annuities and another $50k is some uob fund that pays m

e about 5% yearly (pro rated as i want monthly payou

ts).

 

Don't know why as I don't really believe in compound interest. I believe in early payouts which allows you to reach a certain sum that much faster that let's you re invest faster for more interest (is that compound interest by other means?).

 

I've been thinking of changing my hyundai accent to a Honda city and I know it makes no financial sense since my car is barely 1 1/2 years old. So now, my strategy is when I see I have enough money for a downpayment, I will give my investment advisor a call and quickly put the money in an investment. So I don't see that I have money and I get returns.

 

Not sure if this is good strategy for investment but then if I spent in on a car I think I would be worse off for now.

[Throttle2]

Not like you so rich. But I did put another $50k in annuities and another $50k is some uob fund that pays m

e about 5% yearly (pro rated as i want monthly payou

ts).

 

Don't know why as I don't really believe in compound interest. I believe in early payouts which allows you to reach a certain sum that much faster that let's you re invest faster for more interest (is that compound interest by other means?).

 

I've been thinking of changing my hyundai accent to a Honda city and I know it makes no financial sense since my car is barely 1 1/2 years old. So now, my strategy is when I see I have enough money for a downpayment, I will give my investment advisor a call and quickly put the money in an investment. So I don't see that I have money and I get returns.

 

Not sure if this is good strategy for investment but then if I spent in on a car I think I would be worse off for now.

 

Payouts are good too so not an issue

Car as you pointed out is just an expense.

Like a washing machine fridge aircon

Buy and write off

 

Just hope that your investment advisor is up to standard.

[Kusje]

Payouts are good too so not an issue

Car as you pointed out is just an expense.

Like a washing machine fridge aircon

Buy and write off

 

Just hope that your investment advisor is up to standard.

[Throttle2]

What's an investment advisor? The fellow at the bank who pushes you to buy an investment product when you just want to set up a fixed deposit?

 

Does he even know the fund manager's long term track record? Will he call you to inform you if key personnel managing the fund leaves for another firm?

I think he could be referring to his insurance agent also known as financial adviser in todays bullcrap world.

[Throttle2]

We deliver banking instrument in LEASE/SALE

I deliver Rolexes upon cash payment

No lease just pure sales

[Tiger1]

I deliver Rolexes upon cash payment

No lease just pure sales

Haaa. Ouch.

[Philipkee]

Anyone buying NZD also?

 

Is now a good price to load some?

Just for the record I just redeemed my NZD back to SGD. Based on calculations I earned about $650 in interest and forex from Sept to now.

 

I forfeited the Dec interest but I felt better to do so cos I dunno what is the future for NZD so cash out when I can.

 

Earnings not much. Slightly more than 1% gains in 3 months. But hey its Christmas and with a few hundred dollars i can buy some nice things for myself.

 

@Throttle2 I am the kiasu type. Got earn a reasonable amount I cash out. If NZD dives again might go back in again.

Edited December 5, 2018 by Philipkee

[Throttle2]

Just for the record I just redeemed my NZD back to SGD. Based on calculations I earned about $650 in interest and forex from Sept to now.

 

I forfeited the Dec interest but I felt better to do so cos I dunno what is the future for NZD so cash out when I can.

 

Earnings not much. Slightly more than 1% gains in 3 months. But hey its Christmas and with a few hundred dollars i can buy some nice things for myself.

 

@Throttle2 I am the kiasu type. Got earn a reasonable amount I cash out. If NZD dives again might go back in again.

Ok lah bro, any profit is better than a loss

[Throttle2]

Hard life on Wednesday afternoon trying to make a living

[Philipkee]

Ok lah bro, any profit is better than a loss

Heng I cashed out liao. If it keep going down might go back in again.

[Throttle2]

Heng I cashed out liao. If it keep going down might go back in again.

Good job, lucky you.

I am still long AUD400k

[Mercury1]

Why so many Pigeons lol

 

Hard life on Wednesday afternoon trying to make a living

 

[Throttle2]

Why so many Pigeons lol

Capella always got a lot of pigeons.

I also dont like it.

And they are very daring, will come very very close.

Easy to catch.

Edited December 24, 2018 by Throttle2