Fixed Deposit Promotion

[Coolkidsrock2]

MrsKiasu\" post_id=\"2099752\" time=\"1677826889\" user_id=\"43981:

I hope I can see the future...Need to decide next 2 days if want to take up 3.8% fixed for 2 yrs or 1 yr fixed at 4.3% and yr 2 SORA+0.75% both package fixed for 2 yrs.

Hope you managed to settle this.

[MrsKiasu]

Coolkidsrock2\" post_id=\"2103064\" time=\"1679967246\" user_id=\"48901:

Hope you managed to settle this.

Committed on the fixed rate..and sora dropping past 2 days

[Coolkidsrock2]

MrsKiasu\" post_id=\"2103065\" time=\"1679967770\" user_id=\"43981:

Committed on the fixed rate..and sora dropping past 2 days

Markets are volatile. We can only make best informed decision based on information available at the relevant time.

[MrsKiasu]

Coolkidsrock2\" post_id=\"2103109\" time=\"1679981136\" user_id=\"48901:

Markets are volatile. We can only make best informed decision based on information available at the relevant time.

Yea true..I was hesitating when I read on the banks issues..but that time already given deadline to reply le. Just take lor as kinda foresee if need to lose on the interest probably is 1 year interest difference and if suay alot of diff then probably to pay penalty to get out from it.

[Zeal mummy]

MrsKiasu\" post_id=\"2103112\" time=\"1679981563\" user_id=\"43981:

Yea true..I was hesitating when I read on the banks issues..but that time already given deadline to reply le. Just take lor as kinda foresee if need to lose on the interest probably is 1 year interest difference and if suay alot of diff then probably to pay penalty to get out from it.

Oh, so you took fixed mortgage for 3.8% for 2 years? The certainty of having a fixed repayment is definitely a plus… (but I’m still rooting for a drip in rates). If have extra cash can generate more income using other tools. The average S&P 500 index returns for the last decade is >10% per year.

[MrsKiasu]

Zeal mummy\" post_id=\"2103156\" time=\"1679993948\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2103156 time=1679993948 user_id=58173]
Oh, so you took fixed mortgage for 3.8% for 2 years? The certainty of having a fixed repayment is definitely a plus… (but I’m still rooting for a drip in rates). If have extra cash can generate more income using other tools. The average S&P 500 index returns for the last decade is >10% per year.[/quote]

Yes taken that package. I just guess that probably for 1st yr won't be alot of diff. Yes the fixed repayment is a plus. I don't think I will buy more stocks..coz I don't have that kind of luck. Now just looking for more stability..

[starlight1968sg]

Is the interest rate of FDs going up or down?

[Zeal mummy]

starlight1968sg\" post_id=\"2103189\" time=\"1680004077\" user_id=\"14025:

Is the interest rate of FDs going up or down?

About the same, movements not that big.

[Coolkidsrock2]

Zeal mummy\" post_id=\"2103156\" time=\"1679993948\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2103156 time=1679993948 user_id=58173]
Oh, so you took fixed mortgage for 3.8% for 2 years? The certainty of having a fixed repayment is definitely a plus… (but I’m still rooting for a drip in rates). If have extra cash can generate more income using other tools. The average S&P 500 index returns for the last decade is >10% per year.[/quote]

Ditto view on interest rate for me in not coverting to fixed rate. Prefer to run gap book and maintain liquidity for opportunistic conversion to assets.

[MrsKiasu]

Into shares or property arh?


I never tried those t bills/govt securities before. Need to learn. For me, going forward likely FD and those bills. Would like to have something on shorter term.