Savings, FDs, cpf & investments - how do u grow your money?

[Guest Guest]

10 hours ago, QinWei said:

but why will it be called Fixed D? 

 

Read carefully, it says instead of FD.

[QinWei]

i am very clear

Guest you mentioned : 

 instead consider some local banks that offer higher interest rates for savings account without locking in your money

 

 

WHy is this called Fixed D /FD when it doesnt lock it up?

It is NOT FD then

hence why will it be called FD?

 

19 hours ago, QinWei said:

but why will it be called Fixed D? 

 

 

[Guest OMG]

6 hours ago, QinWei said:

i am very clear

Guest you mentioned : 

 instead consider some local banks that offer higher interest rates for savings account without locking in your money

 

 

WHy is this called Fixed D /FD when it doesnt lock it up?

It is NOT FD then

hence why will it be called FD?

 

 

you might think you are very clear but you clearly did not read carefully 

[QinWei]

More choices
but only 1 best option given: 
Honestly anything less than 5% is out , if not cannot beat inflation 

 

[Guest Interesting]

7 hours ago, QinWei said:

More choices
but only 1 best option given: 
Honestly anything less than 5% is out , if not cannot beat inflation 

 

yes he says he wouldn’t invest with bigfundr. I agree, too high risk for too low reward  

[QinWei]

Some didnt view till the end
he didnt invest but have the promo code to let us sign Up


this is just 1 perspective! 

We are not leading a life under a youtuber or influencer

i didnt know some based on tiktoks/videos to confirm our own life choices? Hope not many of such

[QinWei]

how safe and since all used a youtuber to ......... 
They are not to "instruct" or adv us
they have alwys set the disclaimer these are not financial advices

but lay the ground for us to decide what suit our lifestyle

 

 

 

Edited June 17, 2024 by QinWei

[Guest Interesting]

1 hour ago, QinWei said:

Some didnt view till the end
he didnt invest but have the promo code to let us sign Up


this is just 1 perspective! 

We are not leading a life under a youtuber or influencer

i didnt know some based on tiktoks/videos to confirm our own life choices? Hope not many of such

really can’t understand what point you are trying to make.
 

My point was quite simple: I agree with the YouTuber commenting that the risk vs reward balance doesn’t work for bigfundr, it’s too high a risk for too low a reward. 

[Guest dividend]

Oh dear
truth about Dividends 

 

[QinWei]

if after owning a flat, you are still keeping all your OA , something is wrong

 

 

now they all started it young with so much:

 

 

 

[QinWei]

here comes your answer of growing 

 

[QinWei]

now the cycle is much shorter, in the past it can take 10yrs to recover

 

[QinWei]

On 6/7/2024 at 7:18 PM, QinWei said:

anyone using bigfundr!?

can they be trusted?

 

[yoyo74]

I read this topic and found that 5 years later when i reach 55 the SA will close and left over OA, RA and MA.

I have already transfer my OA to max out my SA currently which would be FRS when reach 55.

I would like to know when i reach age 55 would my salary goes to OA or RA?

What if i top up to reach ERS at age 55 asking same question as above would my salary goes to OA or RA?

From what i understand is OA interest rate 2.5% and RA interest rate is 4% right?

If after i hit ERS will RA gets block off and salary flows to OA instead?

 

[QinWei]

8 hours ago, yoyo74 said:

when i reach age 55 would my salary goes to OA or RA?

still OA but 
time to time they  will get transfer over 

[QinWei]

 

As we dont know your property at all

 If you have set aside your FRS, whether fully in cash or with a mixture of property and cash, any remaining SA savings will be transferred to your Ordinary Account (OA), where they remain withdrawable and will earn the short-term interest rate.

 

 

You can choose to transfer your OA savings to the RA at any time, up to the prevailing Enhanced Retirement Sum (ERS) to earn long-term interest rates and receive higher retirement payouts. Once transferred, the RA savings can only be streamed out to you in retirement payouts. With the raised ERS from 1 January 2025, more than 99% of the members aged 55 and above today would be able to transfer all their SA savings, that were channelled to the OA due to the closure of SA, to the RA.

 

You will be notified when your SA is closed, through a hard copy notification, as well as an email/SMS where applicable. No action is required from you now.

 

https://ask.gov.sg/cpf/questions/cm2i55b8r008p9apoirv2ubqn?from=relatedquestions

 

[QinWei]

How will economy react after Trump win? but that might bring back Inflation
Will S&P crash soon?

 

[oBiGeekie]

Just focus and invest in good businesses with strong fundamentals and balance sheet. Politics are just short term noise. Also, buy Bitcoin 🤪

[QinWei]

24 minutes ago, oBiGeekie said:

buy Bitcoin 🤪

we timids

[QinWei]

Who really transfer money from OA to Sa now and we are not even 50?

 

70% (of some of us did it and we) voted too:

https://forums.hardwarezone.com.sg/threads/should-i-move-my-cpf-balance-in-oa-to-sa.7080234/?utm_source=hardwarezone_sg&utm_medium=edm&utm_campaign=enewsletter_forumer&sc_src=email_4074207&sc_lid=392531947&sc_uid=IAGF66LoER&sc_llid=64002&sc_eh=7009fd12a0218c541

[QinWei]

No matter what do something simple on investments like buying indices

https://www.facebook.com/share/r/nBAyCiXzAmi4gYRA/?mibextid=oKfgLb

 

 

&

PODCAST: What will happen to your retirement savings now that changes to the CPF Act were passed in Parliament in October, signalling the closure of the CPF Special Account for members aged 55 and above? 

 

🎧 Listen here: https://bt.sg/ixUVi

 

 

[mate69]

Also, must closely guard your finances from your SO or spouse, especially so if the other side is a complete klutz with finances/money

This is a MUST

The other side MUST NEVER EVER know the true extent of your wealth, or else you will be doomed

Edited November 23, 2024 by mate69

[bluerunner]

On 10/27/2024 at 4:07 AM, yoyo74 said:

I read this topic and found that 5 years later when i reach 55 the SA will close and left over OA, RA and MA.

I have already transfer my OA to max out my SA currently which would be FRS when reach 55.

I would like to know when i reach age 55 would my salary goes to OA or RA?

What if i top up to reach ERS at age 55 asking same question as above would my salary goes to OA or RA?

From what i understand is OA interest rate 2.5% and RA interest rate is 4% right?

If after i hit ERS will RA gets block off and salary flows to OA instead?

 

When you reach >= 55yo and still working, deduction from you salary goes to OA and MA (if MA is not max). If MA already max, everything goes to OA. 

[QinWei]

still unclear?
 

 

[QinWei]

which is your agent bank for CPFIS?
 

 

[ethancsg]

56 minutes ago, QinWei said:

which is your agent bank for CPFIS?
 

 

OCBC cos I dont like UOB. I think one day UOB may up its fee to be the same as OCBC/DBS.

[QinWei]

it has stay stable for very long, wont increase
I m using UOB bank account since day 1

28 minutes ago, ethancsg said:

OCBC cos I dont like UOB. I think one day UOB may up its fee to be the same as OCBC/DBS.

 

[sgbidaddy]

I buy US stocks on my own, faster returns. I dun let financial advisors touch my money. Waste time only. I never will buy financial products from any insurance agents. Always bluff U with high return to make u part your money.

 

Had bad experience with them. All same pattern one. That time lehman brothers period. They all pull their money out and save themselves, while using our money to hold. That was the end of my trust with any sort of financial product sellers.

[QinWei]

when to unwind your postion:

 

 

 

 

 

[QinWei]

Must-do, from review to rebalancing, top up your CPF accounts & including WIll planning 
Will planning must not be segregated from invesmts topics

 

[dannny]

On 11/25/2024 at 10:03 PM, bluerunner said:

When you reach >= 55yo and still working, deduction from you salary goes to OA and MA (if MA is not max). If MA already max, everything goes to OA. 

BTW, what's the max for MA currently 

[yoyo74]

On 1/23/2025 at 7:14 PM, dannny said:

BTW, what's the max for MA currently 

for 2025 is $75,500

[maddfreesia]

Would anyone recc using UOB Gold account as a investment? Since the price of could doubled in a short 2 years? 

[QinWei]

On 1/27/2025 at 8:40 AM, maddfreesia said:

Would anyone recc using UOB Gold account as a investment? Since the price of could doubled in a short 2 years? 

Yes but Isnt it all time high for now

[maddfreesia]

On 1/29/2025 at 7:23 AM, QinWei said:

Yes but Isnt it all time high for now

It is hence my query. I recently sold some gold at 3 times its price ofwhen i bought it

[QinWei]

Oooh i tot your query is on UOB primariy 

How much can gold earned in movments compared to equities?

u tend to use CPF monies to do so , or cash 

1 hour ago, maddfreesia said:

sold some gold at 3 times its price ofwhen i bought it

 

[maddfreesia]

 

24 minutes ago, QinWei said:

Oooh i tot your query is on UOB primariy 

How much can gold earned in movments compared to equities?

u tend to use CPF monies to do so , or cash 

 

 

 

Really not sure compared to equities. All i know each day the price is increasing. A couple dollars here and there overall

[QinWei]

58 minutes ago, maddfreesia said:

 

 

 

Really not sure compared to equities. All i know each day the price is increasing. A couple dollars here and there overall

So u r only interested in gold? 

 

And eg let s take the period of after covid, all equities price start to raise in mid 2021
Till feb 2024 ie for a period of abt 3yrs , compare it w S&P and Techgy etf

compare urself w gold

 

 

Red line is gold
Or compare w some stocks , nvidia and Tesla seemed so much better right? 

https://finance.yahoo.com/quote/IUIT.L/chart/#eyJsYXlvdXQiOnsiaW50ZXJ2YWwiOiJ3ZWVrIiwicGVyaW9kaWNpdHkiOjEsImNhbmRsZVdpZHRoIjoxNC42NjY2NjY2NjY2NjY2NjYsImZsaXBwZWQiOmZhbHNlLCJ2b2x1bWVVbmRlcmxheSI6dHJ1ZSwiYWRqIjp0cnVlLCJjcm9zc2hhaXIiOmZhbHNlLCJjaGFydFR5cGUiOiJtb3VudGFpbiIsImV4dGVuZGVkIjpmYWxzZSwibWFya2V0U2Vzc2lvbnMiOnt9LCJhZ2dyZWdhdGlvblR5cGUiOiJvaGxjIiwiY2hhcnRTY2FsZSI6InBlcmNlbnQiLCJzdHVkaWVzIjp7InZvbCB1bmRyIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJTZXJpZXMiOiJzZXJpZXMiLCJpZCI6InZvbCB1bmRyIiwiZGlzcGxheSI6InZvbCB1bmRyIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzBkYmQ2ZWVlIiwiRG93biBWb2x1bWUiOiIjZmY1NTQ3ZWUifSwicGFuZWwiOiJjaGFydCIsInBhcmFtZXRlcnMiOnsiY2hhcnROYW1lIjoiY2hhcnQiLCJlZGl0TW9kZSI6dHJ1ZSwicGFuZWxOYW1lIjoiY2hhcnQifSwiZGlzYWJsZWQiOmZhbHNlfX0sInBhbmVscyI6eyJjaGFydCI6eyJwZXJjZW50IjoxLCJkaXNwbGF5IjoiSVVJVC5MIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJpbmRleCI6MCwieUF4aXMiOnsibmFtZSI6ImNoYXJ0IiwicG9zaXRpb24iOm51bGx9LCJ5YXhpc0xIUyI6W10sInlheGlzUkhTIjpbImNoYXJ0Iiwidm9sIHVuZHIiXX19LCJvdXRsaWVycyI6ZmFsc2UsImFuaW1hdGlvbiI6dHJ1ZSwiaGVhZHNVcCI6eyJmbG9hdGluZyI6ZmFsc2UsImR5bmFtaWMiOmZhbHNlLCJzdGF0aWMiOmZhbHNlfSwibGluZVdpZHRoIjoyLCJmdWxsU2NyZWVuIjp0cnVlLCJzdHJpcGVkQmFja2dyb3VuZCI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwiY3Jvc3NoYWlyU3RpY2t5IjpmYWxzZSwic3ltYm9scyI6W3sic3ltYm9sIjoiSVVJVC5MIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IklVSVQuTCIsInF1b3RlVHlwZSI6IkVURiIsImV4Y2hhbmdlVGltZVpvbmUiOiJFdXJvcGUvTG9uZG9uIiwicGVyaW9kMSI6MTU1MjgzODQwMCwicGVyaW9kMiI6MTczODIzMTIwMH0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6IndlZWsifSx7InN5bWJvbCI6IkdMRCIsInN5bWJvbE9iamVjdCI6eyJzeW1ib2wiOiJHTEQifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoid2VlayIsImlkIjoiR0xEIiwicGFyYW1ldGVycyI6eyJpc0NvbXBhcmlzb24iOnRydWUsImNvbG9yIjoicmdiYSgyNTIsIDE0MiwgMTcyLCAxLjAwKSIsImdhcERpc3BsYXlTdHlsZSI6dHJ1ZSwic2hhcmVZQXhpcyI6dHJ1ZSwiY2hhcnROYW1lIjoiY2hhcnQiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiR0xEIn0sInBhbmVsIjoiY2hhcnQiLCJmaWxsR2FwcyI6ZmFsc2UsImFjdGlvbiI6ImFkZC1zZXJpZXMiLCJzeW1ib2wiOiJHTEQiLCJuYW1lIjoiR0xEIiwib3ZlckNoYXJ0Ijp0cnVlLCJ1c2VDaGFydExlZ2VuZCI6dHJ1ZSwiaGVpZ2h0UGVyY2VudGFnZSI6MC43LCJvcGFjaXR5IjoxLCJoaWdobGlnaHRhYmxlIjp0cnVlLCJ0eXBlIjoibGluZSIsInN0eWxlIjoic3R4X2xpbmVfY2hhcnQiLCJoaWdobGlnaHQiOmZhbHNlfX0seyJzeW1ib2wiOiJDU1BYLkwiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiQ1NQWC5MIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6IndlZWsiLCJpZCI6IkNTUFguTCIsInBhcmFtZXRlcnMiOnsiaXNDb21wYXJpc29uIjp0cnVlLCJjb2xvciI6InJnYmEoMCwgMTU0LCAxNzMsIDEuMDApIiwiZ2FwRGlzcGxheVN0eWxlIjp0cnVlLCJzaGFyZVlBeGlzIjp0cnVlLCJjaGFydE5hbWUiOiJjaGFydCIsInN5bWJvbE9iamVjdCI6eyJzeW1ib2wiOiJDU1BYLkwifSwicGFuZWwiOiJjaGFydCIsImZpbGxHYXBzIjpmYWxzZSwiYWN0aW9uIjoiYWRkLXNlcmllcyIsInN5bWJvbCI6IkNTUFguTCIsIm5hbWUiOiJDU1BYLkwiLCJvdmVyQ2hhcnQiOnRydWUsInVzZUNoYXJ0TGVnZW5kIjp0cnVlLCJoZWlnaHRQZXJjZW50YWdlIjowLjcsIm9wYWNpdHkiOjEsImhpZ2hsaWdodGFibGUiOnRydWUsInR5cGUiOiJsaW5lIiwic3R5bGUiOiJzdHhfbGluZV9jaGFydCIsImhpZ2hsaWdodCI6ZmFsc2V9fSx7InN5bWJvbCI6IlRTTEEiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiVFNMQSJ9LCJwZXJpb2RpY2l0eSI6MSwiaW50ZXJ2YWwiOiJ3ZWVrIiwiaWQiOiJUU0xBIiwicGFyYW1ldGVycyI6eyJpc0NvbXBhcmlzb24iOnRydWUsImNvbG9yIjoicmdiYSgxMzMsIDEwMywgMjU1LCAxLjAwKSIsImdhcERpc3BsYXlTdHlsZSI6dHJ1ZSwic2hhcmVZQXhpcyI6dHJ1ZSwiY2hhcnROYW1lIjoiY2hhcnQiLCJzeW1ib2xPYmplY3QiOnsic3ltYm9sIjoiVFNMQSJ9LCJwYW5lbCI6ImNoYXJ0IiwiZmlsbEdhcHMiOmZhbHNlLCJhY3Rpb24iOiJhZGQtc2VyaWVzIiwic3ltYm9sIjoiVFNMQSIsIm5hbWUiOiJUU0xBIiwib3ZlckNoYXJ0Ijp0cnVlLCJ1c2VDaGFydExlZ2VuZCI6dHJ1ZSwiaGVpZ2h0UGVyY2VudGFnZSI6MC43LCJvcGFjaXR5IjoxLCJoaWdobGlnaHRhYmxlIjp0cnVlLCJ0eXBlIjoibGluZSIsInN0eWxlIjoic3R4X2xpbmVfY2hhcnQiLCJoaWdobGlnaHQiOmZhbHNlfX0seyJzeW1ib2wiOiJOVkRBIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6Ik5WREEifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoid2VlayIsImlkIjoiTlZEQSIsInBhcmFtZXRlcnMiOnsiaXNDb21wYXJpc29uIjp0cnVlLCJjb2xvciI6InJnYmEoMTAwLCAxNzIsIDIxOSwgMS4wMCkiLCJnYXBEaXNwbGF5U3R5bGUiOnRydWUsInNoYXJlWUF4aXMiOnRydWUsImNoYXJ0TmFtZSI6ImNoYXJ0Iiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6Ik5WREEifSwicGFuZWwiOiJjaGFydCIsImZpbGxHYXBzIjpmYWxzZSwiYWN0aW9uIjoiYWRkLXNlcmllcyIsInN5bWJvbCI6Ik5WREEiLCJuYW1lIjoiTlZEQSIsIm92ZXJDaGFydCI6dHJ1ZSwidXNlQ2hhcnRMZWdlbmQiOnRydWUsImhlaWdodFBlcmNlbnRhZ2UiOjAuNywib3BhY2l0eSI6MSwiaGlnaGxpZ2h0YWJsZSI6dHJ1ZSwidHlwZSI6ImxpbmUiLCJzdHlsZSI6InN0eF9saW5lX2NoYXJ0IiwiaGlnaGxpZ2h0IjpmYWxzZX19XSwicmFuZ2UiOnsiZHRMZWZ0Ijp7fSwiZHRSaWdodCI6e30sImZvcmNlTG9hZCI6ZmFsc2UsInBhZGRpbmciOjAsInVzZUV4aXN0aW5nRGF0YSI6dHJ1ZX19LCJldmVudHMiOnsiZGl2cyI6dHJ1ZSwic3BsaXRzIjp0cnVlLCJ0cmFkaW5nSG9yaXpvbiI6Im5vbmUiLCJzaWdEZXZFdmVudHMiOltdfSwicHJlZmVyZW5jZXMiOnsiY3VycmVudFByaWNlTGluZSI6dHJ1ZSwiZGlzcGxheUNyb3NzaGFpcnNXaXRoRHJhd2luZ1Rvb2wiOmZhbHNlLCJkcmF3aW5ncyI6bnVsbCwiaGlnaGxpZ2h0c1JhZGl1cyI6MTAsImhpZ2hsaWdodHNUYXBSYWRpdXMiOjMwLCJtYWduZXQiOmZhbHNlLCJob3Jpem9udGFsQ3Jvc3NoYWlyRmllbGQiOm51bGwsImxhYmVscyI6dHJ1ZSwibGFuZ3VhZ2UiOm51bGwsInRpbWVab25lIjoiRXVyb3BlL0xvbmRvbiIsIndoaXRlc3BhY2UiOjUwLCJ6b29tSW5TcGVlZCI6bnVsbCwiem9vbU91dFNwZWVkIjpudWxsLCJ6b29tQXRDdXJyZW50TW91c2VQb3NpdGlvbiI6ZmFsc2V9fQ--

Ooops the financial chart doiesnt work, pls comp on your own

Edited January 30, 2025 by QinWei

[Tony Tan]

Good morning

Was wondering if any member here invested in the recent NZ07100S 2y 3.5%coupon Govt Bond?  I have some questions that I hope fellow investor can help me with. 

 

 

[radiusulnar]

1 hour ago, Tony Tan said:

Good morning

Was wondering if any member here invested in the recent NZ07100S 2y 3.5%coupon Govt Bond?  I have some questions that I hope fellow investor can help me with. 

 

 

 

Happy to chip in

[QinWei]

Really that good? CSOP iEdge SEA+ Tech ETF
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sgx-listed-etf-beats-nasdaq-100-investors-flock-s-e-asian-markets?utm_source=telegram&utm_medium=social-organic

[Tony Tan]

2 hours ago, radiusulnar said:

 

Happy to chip in

Thank you very much for reaching out to me. 

 

The question that I have may take a little bit of explaining. Was wondering whether we could discuss this over the bw chat? 

 

Bcos to clarify my question, i may need to show you my cash flow and my computation 

 

 

[QinWei]

4 minutes ago, Tony Tan said:

Thank you very much for reaching out to me. 

 

The question that I have may take a little bit of explaining. Was wondering whether we could discuss this over the bw chat? 

 

Bcos to clarify my question, i may need to show you my cash flow and my computation 

 

 

If the answers/cf/computations are privy to some, just pm him directly

if not , pls share openly here in this thread so that all could benefit from it

[Tony Tan]

Thank you for responding 

 

It might be a bit difficult for me to write down in the Forum the details of my trade as they are calculations and some cash flows 

 

As per your suggestion, i will drop him a PM to see if he is amenable to a voice chat 

 

Thank u QW

Edited February 2, 2025 by Tony Tan

[strangeName]

I don’t focus on short term gains but long term. I put money in ETFs/Mutual Funds/Reits.

 

I am not great with the financial market but managing finances I’m alright with it ( I.e budgeting ). I don’t have the time to analyse market trends and etc… I leave that to my partner, in a way he compliments me.

 

I focus on doing side job or doing what I’m great at to bring in more cash flow. He focus on investment and growth. Of course I do make risky trades as well. I have trades that have been losing up to 50 or greater %. But those only constitute a small percentage of my portfolio.

 

In the end it’s about managing your risk, managing your own income and think of ways to increase your own incoming income. Of course it’s easier said than done, this takes a lot of patience and energy. I’m currently on break from everything as I’m burnt out. That’s one thing I didn’t manage properly.

[QinWei]

4 hours ago, strangeName said:

have trades that have been losing up to 50 or greater %.

That is ok if it is equities

 

wat exactly r risky trades??

options??? Swap derivatives

, forex?

commodities?

4 hours ago, strangeName said:

do make risky trades as well

 

so gd that u throw it to him and he still compli u

4 hours ago, strangeName said:

I leave that to my partner, in a way he compliments me.

 

[strangeName]

1 minute ago, QinWei said:

That is ok if it is equities

 

wat exactly r risky trades??

options??? Swap derivatives

, forex?

commodities?

 

so gd that u throw it to him and he still compli u

 

I make uninformed trades. Basically I’m betting. 
 

I don’t do forex, I dabbled in it but it didn’t turn out that well. Options/futures I do use it as a means to hedge against some of my bets but I got lazy to manage it eventually.

[lonelyglobe]

On 1/27/2025 at 8:40 AM, maddfreesia said:

Would anyone recc using UOB Gold account as a investment? Since the price of could doubled in a short 2 years? 

Gold price went up about 30% for 2024 due to the two war, 2025 with trump's unpredictability,  expert predict it will continue to rise though maynot be as strong as 2024.

 

UOB need to pay yearly admin fee for gold account but OCBC don't need, having said that, the different in buying and selling price are quite huge for OCBC. Probably for a longer term it make sense. 

[QinWei]

Reits

 

[Balestier]

20 minutes ago, QinWei said:

Reits

 

They are the reason why rents, gym memberships  keep going up . Already boycott them

Edited February 6, 2025 by Balestier