Quote:
Originally Posted by Unregistered
Other more conservative ways to grow yr money is putting un FDs, buy T bills, salary crediting with UOB one account, giving yr parents' allowance through topping up their SA and putting money in SRS and investing it. Last 2 methods help to reduce income tax. It will save u some money though may not be enough to beat inflation. Still better than putting money in normal savings account. |
In the Singapore setting property is the best investment class.
It is quite standard. Get a
HDB flat then rent it out. Buy a condo to stay. Rental from the
HDB flat practically pays for the condo so you own 2 properties and not have to really pay extra. And then leverage up. Singapore govt is committed to supporting the property market in SG.
It is not the same in other countries though. Property market doesn't behave the same.
Stock market is way more liquid but volatile. You really need to know what you are investing in.
For a long time interest rates were so low that Fixed D T bills etc all made such low returns that it wasn't worthwhile. We are not out of the woods with inflation from what I have seen. OPEC just announced production cuts yesterday.
Those US banks holding T bills whose yields continue to rise does not bode well for them. Meanwhile the Fed might not have much choice but to continue raising rates which will further exacerbate the fall in bond markets.
Look to the Japan Central Bank as a possible candidate to collapse.