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

[Balestier]

On 2/19/2024 at 1:09 PM, singalion said:

Growing money.

 

Isn't it a simple calculation of spending less or investing smartly.

 

For me the question is always: Do I really need a big fortune?

No one will know the future, inflation rates 10-30 years later. Best is spend wisely

[Balestier]

On 2/19/2024 at 1:09 PM, singalion said:

Growing money.

 

Isn't it a simple calculation of spending less or investing smartly.

 

For me the question is always: Do I really need a big fortune?

No one will know the future, inflation rates 10-30 years later. Best is spend wisely

[Balestier]

On 2/19/2024 at 1:09 PM, singalion said:

Growing money.

 

Isn't it a simple calculation of spending less or investing smartly.

 

For me the question is always: Do I really need a big fortune?

No one will know the future, inflation rates 10-30 years later. Best is spend wisely

[QinWei]

3 hours ago, Balestier said:

Already boycott them

boycotting gym is correct, the nature is where we could easily gym, dont have to pay for membership at all 

Singalion mentioned , no one need a great fortune, yes totally!
no1 here is seeking for fortune, we are seeking for retirement
not fortune 

[Balestier]

12 hours ago, QinWei said:

boycotting gym is correct, the nature is where we could easily gym, dont have to pay for membership at all 

Singalion mentioned , no one need a great fortune, yes totally!
no1 here is seeking for fortune, we are seeking for retirement
not fortune 

Think U missed the point. It's the reits increasing rents that forces prices to go up

[QinWei]

but this is an invesmt thread right, reits up is a gd investmt choice

 

 

 

Fill up your SA MA asap first , of cos this is a gd strat

 

Edited February 7, 2025 by QinWei

[QinWei]

 

 

[QinWei]

all abt ur  CPF Life
Which plans? standard, basic or .... ?

[QinWei]

reits still worth it?

 

 

cheapest pr

 

[QinWei]

 

 

dont imitate but can learn 

 

[QinWei]

alwys quote your pay , not your take-home 

 

 

$ talk podcast on Retiremt

 

how budget will affect ur tax and stuff

 

Edited February 18, 2025 by QinWei

[QinWei]

parkway life reits are good though appeared overvalued?

 

[QinWei]

On 2/4/2025 at 10:13 PM, lonelyglobe said:

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.

Uob wont need gold account if it s buying phy gold

[QinWei]

Have u heard of choc finance? Surely u hve!
 

What is Chocolate Finance’s recipe for success?

Investment firm Chocolate Finance is experiencing rapid growth, with over 60,000 customers to date and cash assets nearing the S$1 billion mark since its roll-out in July 2024. How did they scale up this fast and what is behind their success?

https://bt.sg/ctbo

 

Close to your 3.5 % target
@Singroc

I hope no1 keep sgd f.D w banks here?

4.2% for usd
https://www.chocolatefinance.com

no min.! 
Enjoy 3.3% p.a. on your first S$20k, 3% p.a. on your next S$30k and a target 3% p.a. on any amount above that. 

benefits of Chocolate

Daily returns.

No hoops.

No complex criteria. Just put your money in and start seeing daily returns on your first S$50k the very next day.

 

Withdraw anytime.

No lock-ins. 
No limits.

 

No minimums.

No fees

[QinWei]

the best invesmt : the partner u engaged with

 

[Anderson]

Opened a gold savings account about 3 years ago and the price had since gone up like crazy.

Wondering is it time to cash out or wait till it gets even higher.

[QinWei]

1 hour ago, Anderson said:

wait till it gets even higher.

i trust still can wait

Not that u needed cash critically  now

[QinWei]

Is it too late to go into gold now, so long it can pass over 3K?

 

 

[luv_boiboi]

Anyone uses iFAST? Any reviews?

[QinWei]

1 hour ago, luv_boiboi said:

Anyone uses iFAST? Any reviews?

Just normal, i felt its interface can be much better

 

 

[bluerunner]

11 hours ago, luv_boiboi said:

Anyone uses iFAST? Any reviews?

Agent fee is high. 

[QinWei]

22 hours ago, luv_boiboi said:

Anyone uses iFAST? Any reviews?

Out of so many, why did u shortlist it?

cos it s on sgx? 
u didnt mention what are u using it for??

some use it for insurance, or bondsupermart specifically

https://secure.fundsupermart.com/fsm/bonds

The rest may not offer that option at all

 

[QinWei]

Still good , CHoc Finance
 

 

 

[QinWei]

OA to sA

 

[QinWei]

how do you Flock your money to work harder for u?

 

[QinWei]

Cpf pension assessed by Mercer only got a B+ rate - considrd low in Asian ctries 

 

what do you think?

[QinWei]

some old schooler still prefer phy gold!! And Uob is the only 1 choice:
https://www.uob.com.sg/personal/finlit/articles/is-it-a-good-time-to-invest-in-gold.page?i_cid=grm:sg:owned:app:uobtmrw:na:bn:others:wb:010625-300625:finlitgold:981x354_banner_link:tmrw&vid=tmrw&user_source=mty

[QinWei]

I missed the train to get it when popmart is less than 80hkd, now it is so high!!!  Its market now is higher than Mattel and etc toy co. 

 

[Unionbic]

Yeah I missed out Pop mart too unfortunately, I though 100 was toppish liao but it went even higher, I do have a position in Xiaomi though which has rewarded me nicely. Been holding it for several years now

[radiusulnar]

I wonder what is the basis of the various information peddled by finfluencers 

 

Maybe I'm too conservative and hence never seen to be able to escape wage slavery

 

[CharlesMKz]

Crypto investment is the best to grow money. Like me here since 2022 already, got monthly payout high interests ah. Trusted too. Risk low.

[Unionbic]

17 hours ago, radiusulnar said:

I wonder what is the basis of the various information peddled by finfluencers 

 

Maybe I'm too conservative and hence never seen to be able to escape wage slavery

 

Before you listen to the finfluencers its important to establish your own basis for investment, like is it for fun or for retirement etc (seeking high growth or income / dividends). Then balance your risk appetite and understanding of the company to invest you are thinking to invest

 

Usually we invest in a few companies of various sectors to balance out any risk thru diversification (i.e banks vs reits), if this is something you don't have time for most just go with etf.

 

Only after this then I sometimes hear influencers views on specific companies and approach then compare with my own for improvement.

 

[QinWei]

i only trust those i trusted (finfluencers) , not any other clowns

[QinWei]

 

while u barebk, avoid the greenback for now

[QinWei]

good analysis by Ho KP on reits 

 

[QinWei]

What is the point of writing this when it’s safer to park inside??

 

🔑 Should you invest your CPF?

 

If you have little investment experience, leaving your OA funds to grow at 2.5% might actually be the smarter move. It’s risk-free and frees you from the anxiety of market swings.

 

https://bt.sg/oSQy4

 

 

[sgwildfire18]

On 2/18/2024 at 9:47 PM, QinWei said:

Esp w cpf shielding gone, what will your next move be??

 

 

I trust the SG govt as far as I can throw .. My money in my own pocket is infinitely better than my money in their pockets 

[QinWei]

 

 

 

[QinWei]

which bank card do you use ? which account? and why

 

 

[Steve5380]

Fortunate you Singaporeans who have a strong currency and can grow your money through good dividends.

 

Until the last six months it was the same in my country.  Today with the horrible uncertainty about the US currency,  the best we can do is to befriend one of the criminals surrounding the president, and play the stock market using the insider information they get from the Criminal in Chief.

[Anderson]

1 hour ago, Steve5380 said:

Fortunate you Singaporeans who have a strong currency and can grow your money through good dividends.

 

Until the last six months it was the same in my country.  Today with the horrible uncertainty about the US currency,  the best we can do is to befriend one of the criminals surrounding the president, and play the stock market using the insider information they get from the Criminal in Chief.

Insider trading as the word described, benefit only insiders so by the time you hear something, it's always already too late even for crumbs.

Indeed, the USD had devalued about 10% since TACO took office and with his senseless tariffs, expect some serious inflation in the near future. Coupled with robust that anti immigration policy, tourism business is badly hit and soon the whole hospitality sector will suffer serious negative consequences. And with the Big and Beautiful Bill enforced, brave yourself for something not too pleasant to happen anytime soon.

Few of my friends in LA had already moved some of their funds back to SG for safer investment..

[Steve5380]

3 hours ago, Anderson said:

Insider trading as the word described, benefit only insiders so by the time you hear something, it's always already too late even for crumbs.

Indeed, the USD had devalued about 10% since TACO took office and with his senseless tariffs, expect some serious inflation in the near future. Coupled with robust that anti immigration policy, tourism business is badly hit and soon the whole hospitality sector will suffer serious negative consequences. And with the Big and Beautiful Bill enforced, brave yourself for something not too pleasant to happen anytime soon.

Few of my friends in LA had already moved some of their funds back to SG for safer investment..

 

Of course, no decent person will benefit from the inside trading the crooks around Trump can profit from.  It may take as long as a year and a half until after the mid-term elections this disastrous government can be thrown out.  Day by day it seems more possible that this government has an evil purpose to destroy the country.

 

My hopes for a recovery keep fading.  Other civilizations more advanced than the Americans have been entrapped by fatal dictatorships, like for example, the Germans.  My hope is that with my estate I can survive the 20 year limit of my future existence, even if the living costs double or triple.  At any time I can leave the US and return to my native country Argentina, but for this to be practical, its own economy should recover substantially.  

[radiusulnar]

A lot of chatter on Azelea 9. Any views? Wondering whether to try for some. Looming interest cuts might give some capital gain?

[QinWei]

But have to hold it long like5yrs

 

Unless u wanted its usd instead

[QinWei]

Just now, QinWei said:

But have to hold it long like5yrs

 

Unless u wanted its usd instead

 

1 hour ago, radiusulnar said:

A lot of chatter on Azelea 9. Any views? Wondering whether to try for some. Looming interest cuts might give some capital gain?

 

[radiusulnar]

I wouldn't mind USD if I could purchase with USD. But need to buy with SGD. 💤 

[QinWei]

6 hours ago, radiusulnar said:

wouldn't mind USD

the reason why USD has higher i/r is not cos it s gd

in fact on the contrary, hence luring more to place in USDs

it flux and dpreciate quite alot recently

[QinWei]

is a mil  Really enough?

esp some of us get retrenched or couldnt match up to the new challenges in the work sector, get laidoff 
how then can we continue to accumulation of Wealth and fight against inflation?
 

Annuity, do you hold on to any? Dont count CPF

[QinWei]

ebook ie a good CPF guide
https://havend.com/publications/

 

many been fantasizing about FIRE
but will there be obstacles?
i faced the same issue of some assumed at our mid-career we cannot be on par of Gen z, but i dont think i Lose to them 
However alot of prospective employers refuse to believe in it ...

how much can the reskilling and skillsfuture in Sg helped?
the poor lady felt so ashamed of herself and she broke down 
More so if one is a mid-career has alot more financial committments at the crossroads

[QinWei]

if u r older and u wish to start investmts for the very first time 
Esp with so much CPF $