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Thread: NSS (New Singapore Shares)

  1. #1
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    Default NSS (New Singapore Shares)

    How much you guys have??

    Is it wise to exchange all for CASH!?? Who's doing that?
    I think I will be exchanging all for cash liao lah.
    interests so little only...eveb up till 2007, also not much only!!
    So I think I must as well take it out and enjoy it first!!

    What are all your views?

  2. #2
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    Taking the remainder out to pay for my school fees.
    --
    "High Wired, Dream Sired"

  3. #3
    ClubSNAP Idol Adam Goi's Avatar
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    For me, I'll be hanging on to them unless I really 'need' to cash them!

  4. #4
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    I will take em all out.

  5. #5

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    I think I will take it out too... how to it takes to receive the money?

  6. #6

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    taking them all out... I agree with Siron, not much interest anyway.... unless Singapore experiences >10% growth next year??

    Anyway regarding the ERS, are we allowed to take out the whole amt starting 1Jan? or is it like the NSS where it has to be taken out bit by bit....?

  7. #7
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    Originally posted by weg
    taking them all out... I agree with Siron, not much interest anyway.... unless Singapore experiences >10% growth next year??

    Anyway regarding the ERS, are we allowed to take out the whole amt starting 1Jan? or is it like the NSS where it has to be taken out bit by bit....?
    think it's every year they will issue some abit by abit...till 2005?? is it??

  8. #8
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    I'll be taking every cent out.

    Money is worth nothing unless you spend it.

  9. #9

    Default

    given the number of people with credit card debts whose interest rate is higher than the NSS interest rate, obviously withdrawal makes sense

  10. #10
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    Originally posted by rayman
    I'll be taking every cent out.

    Money is worth nothing unless you spend it.
    this school of though complements the BUY BUY BUY theory.....

  11. #11
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    mmm........i think i only got 400 only.....

  12. #12
    sneezybum
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    Me took out half last year. Will be taking out the remaining $505 come Nov 1. No choice, in need of cash for holiday

  13. #13
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    Originally posted by sneezybum
    Me took out half last year. Will be taking out the remaining $505 come Nov 1. No choice, in need of cash for holiday
    wa .........u got 50% more than me ...

  14. #14
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    Originally posted by roti


    wa .........u got 50% more than me ...
    hehe I got $1.4k
    now left $707 (my camera's model!)

    More money means smaller flat loh!!!

  15. #15
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    Originally posted by siron

    hehe I got $1.4k
    now left $707 (my camera's model!)

    More money means smaller flat loh!!!
    i know i change my address to someone's place.......

  16. #16

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    hmm, i don' t know where did i dump my nss. last year and this year. i think i throw away liao, damn.

  17. #17
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    oops too bad lor......

  18. #18

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    Eligible Singaporeans will be given between $200 and $1,700 worth of New Singapore Shares (NSS). The shares, each worth $1, are non-tradeable and non-transferable. Depending on when the qualifying criteria are met, the shares will be issued on 1 November 2001, 1 December 2001 or 15 January 2002.

    Dividends on your outstanding balances will be paid in the form of bonus shares every 1 March from Year 2002 to 2007. The rate will be a guaranteed minimum of 3% per annum. An extra dividend, where applicable, will be declared yearly, equal to the real GDP growth rate (if positive) of the previous calendar year. Dividends will cease if one is no longer a living Singapore citizen.

    On 1 March 2007, all outstanding shares will automatically be exchanged for cash at $1 each. While you are encouraged to keep your shares until 2007 to earn the maximum amount of dividends, you may exchange your shares at any time.

    You can exchange up to 50% of your allotted shares before 1 November 2002. There is no limit from 1 November 2002 onwards. The minimum cash exchange each time is $200. Amounts of less than $200 are allowed if:

    a. you are allotted a total of 200 or 300 shares

    you can exchange $100 or $150 worth of shares for cash respectively, plus your bonus shares, before 1 November 2002; or

    b. you have less than 200 outstanding shares in total (including bonus shares) from 1 November 2002 onwards

    you must exchange all the shares for cash.

  19. #19
    sneezybum
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    Originally posted by roti


    wa .........u got 50% more than me ...
    Either yr house is bigger than mine. Or your salary high. Or both??

  20. #20

    Default

    Originally posted by roti
    mmm........i think i only got 400 only.....

    coz your salary is very high, $4k and above.

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