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Thread: What do you do with spare cash nowadays?

  1. #1
    ClubSNAP Idol Adam Goi's Avatar
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    Default What do you do with spare cash nowadays?

    Hi ... one of my policies has just matured and I'm wondering what are the alternatives which I can re-invest the cash ...

    I was told by financial planner to re-invest the sum with the company for another 5 years with 3+% per annum interest ...

    What are your views? (other than spending all of them on camera equipment)

    TIA!
    Last edited by Adam Goi; 10th June 2008 at 01:47 PM.

  2. #2

    Default Re: What do you do with spare cash nowadays?

    open a csd a/c ... and open up a host of faxibilety

  3. #3

    Default Re: What do you do with spare cash nowadays?

    Open a forex account, invest in grains or wine. 3% is NOTHING, inflation is higher than that.
    Alpha

  4. #4

    Default Re: What do you do with spare cash nowadays?

    Quote Originally Posted by Adam Goi View Post
    Hi ... one of my policies has just matured and I'm wondering what are the alternatives which I can re-invest the cash ...

    I was told by financial planner to re-invest the sum with the company for another 5 years with 3+% per annum interest ...

    What are your views? (other than spending all of them on camera equipment)

    TIA!
    If u need the insurance coverage, then your only option is to plonk it back into insurance. But if u are looking for alternatives with higher returns, i reckon Aud deposit will be on option.

  5. #5
    Senior Member Sion's Avatar
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    Default Re: What do you do with spare cash nowadays?

    Quote Originally Posted by Adam Goi View Post
    What do you do with spare cash nowadays? ]
    I spend it all on "$40 for 6 MODELS" photo shoots.

  6. #6

    Default Re: What do you do with spare cash nowadays?

    Quote Originally Posted by Sion View Post
    I spend it all on "$40 for 6 MODELS" photo shoots.
    pro! that's only $6.67 per model!
    It is the camera, not the photographer.
    my flickr - adamloh.com

  7. #7

    Default Re: What do you do with spare cash nowadays?

    What spare cash?

    Anyway as someone else said, I put some of my $ in AUD$; around 7% return. Sad thing is that still barely beats inflation.

  8. #8
    Senior Member egnaro's Avatar
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    Default Re: What do you do with spare cash nowadays?

    Quote Originally Posted by Sion View Post
    I spend it all on "$40 for 6 MODELS" photo shoots.
    Quote Originally Posted by adamadam View Post
    pro! that's only $6.67 per model!
    This is really a better investment... Good money saving plan
    Life is like Photography, to improve, you have to keep shooting!

  9. #9

    Default Re: What do you do with spare cash nowadays?

    hmm.. actuali i find forex nt nec an option tt exciting f couple of reasons.

    chk out OCBC forex time deposit rates.. btw 6.6-7.8% f AUD and 7-8% pa f NZD over holding periods of 1mth to 12mths.
    since these r annualised rates, e net interest rate on short term say 3mth deposit, is only 2+%. factor in currency exchange spread which banks usu charge 2-3% (unless preferential f large sums). then e proposition doesn't seem so attractive after all. plus this doesn't factor in currency movement, which cld work agt investor.

    wld assume adam's policy is an endowment tt has matured.
    couple of options available (assume no immed cash need):
    1. re-invest into low risk short term 5yr endowment ($ locked in, w/ net yield of 2+% pa)
    2. hold cash to go into investment property (hv to factor in mortgage payment plan n rental yield)
    3. invest into diversified portfolio (which cld include direct stock counters, ETF, mutual funds w/ exposure to commod, Asiapac etc)
    4. wait f IR in 2009/10

  10. #10
    Senior Member
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    Default Re: What do you do with spare cash nowadays?

    Quote Originally Posted by swampthing View Post
    What spare cash?

    Anyway as someone else said, I put some of my $ in AUD$; around 7% return. Sad thing is that still barely beats inflation.
    provided the exchange rate will stay, you need to include the loss in exchange rate if you convert it back to SGD cash......

    HS

  11. #11
    Senior Member SilverPine's Avatar
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    Default Re: What do you do with spare cash nowadays?

    Duo currency with A$ at the moment, please check with your banker for more details and risk involved.
    Canon 5D II, 20-35 f/2.8L, 28-80 f/2.8L, 70-200 f/4L IS, 100-300 f/5.6L, 100 f/2.8 Macro

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