Savings Vs Investment
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No risk, no gain.
Higher return likely to come with higher risk.
For Fixed Deposit, we have an active thread at
http://www.kiasuparents.com/kiasu/forum ... 47&t=82168 -
5k or 7k? Might just as well buy Singapore Savings Bonds.
Want potential high return too? Take $2 every half year from the interest and buy some Toto tickets.
There. Zero capital risk with very high potential return and minimal transaction cost.
And that, ladies and gentlemen, is what the financial institutions call a \"structured product\".
Unfortunately, I can't think of any low-risk investments for $5k-$7k that you won't be slaughtered transaction costs wise. Anybody that tells you otherwise is probably trying to con you of your savings. -
Is your friend able to fork out this $5000/$7000 every year? If so, there are ways to go about it. Firstly you got to also ask her why does she want to invest this for and if she is able to do this amount at least for 5 years in a row. If so, I might be able to help you.
Do let me know after you have checked it out from her.
Cheers!mksmn:
I have a friend who is a housewife and would like to have more \"income\" for herself. She is contemplating between fix deposit and investment that are safe as she is talking about only a 5k or 7k (I can't remember the exact amount).
She said the interest for fix deposit is very little base on her amount. Around $100+- per year (or two?). If she goes for investment, she is not sure which or what to go for as she is afraid of the risk involve and only wants some decent interest.
I can understand her situation as I used to be a housewife before too but I have no idea and knowledge in this area, thus couldn't provide any good advice for her.
Can someone give some good advice and suggestion please? If fix deposit, which bank yield a higher interest and if investment, which type and where can she goes to.
TIA. -
Sorry, but i am kind of a skeptic, now a days with the unstable economy, not sure what kind of investments are really safe other than the SGS bonds and the fix D. Any other save vehicles of investments?
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A few considerations :
a)Are the funds excess funds and may not be required.
b)Is the investment going to be a one-off event or its every year?
c)How liquid must the investment be i.e. easily liquidated?
If the investment horizon is short term, then I wouldn’t recommend doing any investment.
Otherwise, you may consider products with a minimum 5 year investment commitment.
Feel free to contact me and I can explain further. -
Maybe you can try on Aurich. You will revieve 20%(?sorry not very sure) of the amount you invest after a month. On time and trustable.
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20% sounds quite alot!
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pandaplan:
Maybe you can try on Aurich. You will revieve 20%(?sorry not very sure) of the amount you invest after a month. On time and trustable.
that's a scam. 20% a month....nobody needs to work -
grimm:
Yea....confirmed scam....or illegal money lenders?!pandaplan:
Maybe you can try on Aurich. You will revieve 20%(?sorry not very sure) of the amount you invest after a month. On time and trustable.
that's a scam. 20% a month....nobody needs to work
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