Tigerwoods Turbocharged April 6, 2010 Share April 6, 2010 Yes, interest is quite high for poems acc. Think poems is not a financial institution. i.e. any money parked in the acc is not guaranteed like those you have with banks. I may be wrong. But frankly $50k - FD 1 yr I see less than 1%. = Interest = $500.. No meaning. ↡ Advertisement Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged April 6, 2010 Share April 6, 2010 Talking about shares, can any bros and sis enlignten which shares give the highest dividend every year. Thanks Dividends are peanuts lah unless you own 1000000 shares.. even Dividend U$0.01 you get U$10k Kpoi Lui... Link to post Share on other sites More sharing options...
Rayleigh 6th Gear April 6, 2010 Share April 6, 2010 But frankly $50k - FD 1 yr I see less than 1%. = Interest = $500.. No meaning. Hold your bullets......What goes up will come down..... Link to post Share on other sites More sharing options...
Pufferfish1 Clutched April 6, 2010 Share April 6, 2010 can try ah-long international interest is 15%per month Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear April 6, 2010 Share April 6, 2010 (edited) go into AUD, deposit with australian banks like westpac.. 60 months FD at 8% aud/sgd = 1.288 Edited April 6, 2010 by Viceroymenthol Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged April 6, 2010 Share April 6, 2010 go into AUD, deposit with australian banks like westpac.. 60 months FD at 8% aud/sgd = 1.288 1 yr = 4.75% looks good but the higher the interest, means chances are AUD will be weaker Any comments MCFers ?? Link to post Share on other sites More sharing options...
Robo 2nd Gear April 6, 2010 Share April 6, 2010 1 yr = 4.75% looks good but the higher the interest, means chances are AUD will be weaker Any comments MCFers ?? i remembererd when my gf was over in melbourne. her mum place some money in FD. partly for her as emergency and also for the high FD intl rate. after graduate cash out and i agree the intl rate is good actually. surely a few times more than sg Link to post Share on other sites More sharing options...
Soya Supersonic April 6, 2010 Share April 6, 2010 1 yr = 4.75% looks good but the higher the interest, means chances are AUD will be weaker Any comments MCFers ?? AUD has gone up significantly in the past year from ard 0.95 to 1.28 now. Luckily managed to catch it at 1.01 then. The aussie economy is doing well and AUD can possibly touch 1.3 this year so i won't be too concern over the short term. But 5-yr FD in ANY currency is quite risky. Sterling pound is the one I'm eyeing now. Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 6, 2010 Share April 6, 2010 (edited) Hi all, as above question........ say i got $50k cash, which FD account has highest interest? pls dun tell me about whatever investment scheme or whatnot.... not interested in investments for this sum of $$. Bank of Indonesia. monthly deposit not need to do yearly or 5 yrs. too illiquid. but must convert your SGD to IDR first.......heh Edited April 6, 2010 by Throttle2 Link to post Share on other sites More sharing options...
Genie47 1st Gear April 6, 2010 Share April 6, 2010 Doesn't work this way. The deposit must increase by 500 to get the 1%. If you deposit 20k, you divide 15,000 with 500 to get 30. So for 30mths you enjoy 1% interest. After that, must plonk in 500 a month to keep the 1%. Link to post Share on other sites More sharing options...
Genie47 1st Gear April 6, 2010 Share April 6, 2010 http://yieldstocks.reitdata.com/ Link to post Share on other sites More sharing options...
Genie47 1st Gear April 6, 2010 Share April 6, 2010 Spread out your investments. Accumulate slowly. Dividend is still money. My wife and I split 50/50 between stocks and CIMB Starsaver. Every year, earnings from dividends keep increasing because we have been buying value stocks. Started with meagre 100+ dollars worth of dividends a year. Now up to 4 digit sum a year. Don't pull out big big number to discourage him. Everything takes time. Just don't squander it away now buying that 100k Civic. Link to post Share on other sites More sharing options...
Maldini03 1st Gear April 6, 2010 Share April 6, 2010 Hold your bullets......What goes up will come down..... Huh?? u mean the interest rate will go up or stock market will come down?? Link to post Share on other sites More sharing options...
Genie47 1st Gear April 6, 2010 Share April 6, 2010 If you got the cash. Ladder the FD. 50k is about right. Will insulate you against the risk. Link to post Share on other sites More sharing options...
Kusje Supersonic April 6, 2010 Share April 6, 2010 1 yr = 4.75% looks good but the higher the interest, means chances are AUD will be weaker Any comments MCFers ?? http://en.wikipedia.org/wiki/International_Fisher_effect The higher interest rate is just to compensate you for your risk in investing in the AUS currency. Link to post Share on other sites More sharing options...
Picanto 3rd Gear April 6, 2010 Share April 6, 2010 there is no free lunch in the word. if you want to put $$ in a foreign currency a/c, be prepare for forex risks. but if you the safe type of person, then put it in MAYBANK FD S$ a/c. Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 6, 2010 Share April 6, 2010 not too long ago, even fixed deposit was not safe becos whatever cash deposit you put with the bank comes under the bank's balance sheet. what this means is, the bank goes, your money goes..... so govts had no choice but to guarantee all unpledged deposits in banks in singapore until end of 2010. fact is which govt can truly guarantee deposits? who has that much money? no not even our SWF. if banks start really go under leading one after another, it's the end of the capitalistic world, period. I think i better plan retirement in Habana. hee Link to post Share on other sites More sharing options...
Kusje Supersonic April 6, 2010 Share April 6, 2010 Guaranteeing bank deposits is much easier for the government than you think; all they have to do is print a few 500k notes and the problem is solved. The real question should be this: What do you think your 500k will be able to buy at that point? ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Mother of all scams thread
Mother of all scams thread
The waiting time in calling in to UOB bank
The waiting time in calling in to UOB bank
RIP Wee Cho Yaw!
RIP Wee Cho Yaw!
Which part of SG is flooding now?
Which part of SG is flooding now?
OCBC reports outage for all its banking services due to 'network issues'
OCBC reports outage for all its banking services due to 'network issues'
Which bank offer lowest interest rate for personal loan.
Which bank offer lowest interest rate for personal loan.
ERP rates increase/decrease thread monitor!
ERP rates increase/decrease thread monitor!