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Thread: Where to park the money in time like this.....

  1. #1
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    Default Where to park the money in time like this.....

    Just curious, with rising prices(inflation) at no end. The value of money or real income is falling. Can someone give suggestions on where to best 'park' the hard earned $


    Please don't tell me to invest in cameras and lenses






    A poor worried

  2. #2

    Default Re: Where to park the money in time like this.....

    biscuit tin under the bed!

    but seriously bonds might be the safest bet. commodities are volalite at the moment and interest rates are mostly low except for the aussies i think. Gold is always a good bet though universal value. just pray the price suddenly dun take a nosedive.

  3. #3

    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post
    Just curious, with rising prices(inflation) at no end. The value of money or real income is falling. Can someone give suggestions on where to best 'park' the hard earned $


    Please don't tell me to invest in cameras and lenses






    A poor worried
    buy gold

  4. #4

    Default Re: Where to park the money in time like this.....

    I use FairPrice Plus savings account with a savings rate of 1%. With a low interest-rate envirnoment now, this is one of the better account with ATM.

    Another place you can consider are the no-front load money market funds. They usually offer better rates than fixed deposits with liquidity.

    Having said these, both methods still do not beat the high inflation rates now, but will be my choice for 'parking' my cash.

  5. #5
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    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by garou12 View Post
    biscuit tin under the bed!

    but seriously bonds might be the safest bet. commodities are volalite at the moment and interest rates are mostly low except for the aussies i think. Gold is always a good bet though universal value. just pray the price suddenly dun take a nosedive.

    Err, not familiar with bonds, commodities lor. Anything speculative is out of the question

    I very kiasi, kiasu one. I don't mind gold. But the price went up so much already. Can still go up?

  6. #6
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    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post
    I very kiasi, kiasu one. I don't mind gold. But the price went up so much already. Can still go up?
    seriously, if u have to ask whether gold will still go up, then dun buy gold...

    go park the money in foreign currency fixed deposit or good graded bonds, the safest at the moment.
    09 Oct 09 officially marks the date I become a canon convert.

  7. #7
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    Default Re: Where to park the money in time like this.....

    June reporting season will see financials take a beating and the financial market on the whole will suffer.
    stay clear of financials, invest in value stocks of the likes of consumer staple sector. due to the volatility of the price of oil due to intense speculation from hedge funds and the unstable USD, you might want to stay clear of companies that have anything to do with oil such as airline companies.

    a safe option is to invest in FX FD such as australian currency FDs, you get a much higher interest rate.

  8. #8
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    Default Re: Where to park the money in time like this.....

    Thanks for sharing mates

    Look like keeping the money in an Australian bank is one of the better option. And pray it wouldn't hit 'double digit' inflation lor.

  9. #9

    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post

    Look like keeping the money in an Australian bank is one of the better option. And pray it wouldn't hit 'double digit' inflation lor.

    No need. Just open a Forex account through HSBC.
    Alpha

  10. #10
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    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Rashkae View Post
    No need. Just open a Forex account through HSBC.
    Mate, I live in Melbourne lah

  11. #11
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    Default Re: Where to park the money in time like this.....

    NOT in "investment" fund or trust
    NOT in land banking
    NOT in ostrich farms
    NOT in time share ppty
    NOT in "let me play with your life savings" type of scam
    NOT in scams promising ridiculous high returns
    NOT in scams where easy for you to put money in but impossible to take money out
    NOT in foreign currency scams
    NOT in business conjobs where the scammer just tells you, too bad the business lost money so your invested XXX$thousands are gone

  12. #12
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    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post
    Mate, I live in Melbourne lah
    mate, since u are in australia, just dump all ur money in any australian bank fixed deposit and then you could go sleep happily already... deposit rates wont vary much so dun really have to worry much..
    09 Oct 09 officially marks the date I become a canon convert.

  13. #13

    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post
    Mate, I live in Melbourne lah
    Quote Originally Posted by kcuf2 View Post
    mate, since u are in australia, just dump all ur money in any australian bank fixed deposit and then you could go sleep happily already... deposit rates wont vary much so dun really have to worry much..
    i dump half of my saving in NAB...

    for 3 mth term deposit, its 4.5 or 4.6%...
    Stress Man @ work... :bigeyes:

  14. #14
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    Default Re: Where to park the money in time like this.....

    in my pocket, principal guaranteed
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  15. #15

    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by Benign View Post
    Mate, I live in Melbourne lah
    *cough*

    Missed that one.
    Alpha

  16. #16

    Default Re: Where to park the money in time like this.....

    Volatile market currently, dun risk ya hard earn money in speculations, go for stable return such as bonds or fix deposits, thou it doesnt give very high return, but at least better interest return than putting in tin box under ya bed. just my 2cents worth.

  17. #17
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    Default Re: Where to park the money in time like this.....

    Where to park the money in time like this......
    Invest in high MP DSLRs and prime lenses.

  18. #18

    Default Re: Where to park the money in time like this.....

    ...put $ into something with limited supply but rising demand like

    .............fine wines.


    Always make $.

  19. #19

    Default Re: Where to park the money in time like this.....

    1. Keep a portfolio of "safe" investments but expect unattractive and low yields. Can sleep well and don't need to worry;

    2. Keep some attractive high-yields investments that come with high risk and be aware that it might wipe out all the gains. Need to actively monitor, manage and react fast to market developments

    3. Contribute to the poor/needy and donate to welfare/charity fund. Expects no monetary return but know that your money is being put to good use

    Suggestion:
    Do all of the above. Add different weight to the category depending on your own basic needs, risk profile, priority, ability and time constraints.

  20. #20
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    Default Re: Where to park the money in time like this.....

    Quote Originally Posted by k3nn3th03 View Post
    i dump half of my saving in NAB...

    for 3 mth term deposit, its 4.5 or 4.6%...
    I thought the return is much higher now.

    http://www.commbank.com.au/personal/...sit-rates.aspx

    http://www.westpac.com.au/internet/p...+Deposit+Rates

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