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


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Benign

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Jan 30, 2004
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#1
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 $ :cry:


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






A poor worried :devil:
 

garou12

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May 15, 2007
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#2
biscuit tin under the bed! :bsmilie:

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.
 

Exposure

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Apr 6, 2008
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#3
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 $ :cry:


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






A poor worried :devil:
buy gold ;)
 

Bean

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Apr 16, 2002
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#4
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.
 

Benign

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#5
biscuit tin under the bed! :bsmilie:

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 :nono:

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

kcuf2

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Dec 29, 2005
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#6
I very kiasi, kiasu one. I don't mind gold. But the price went up so much already. Can still go up? :think:
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.
 

mrchua

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Feb 10, 2008
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#7
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.
 

Benign

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#8
Thanks for sharing mates :thumbsup:

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.
 

Rashkae

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Nov 28, 2005
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#9
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.
 

ricohflex

Senior Member
Feb 24, 2005
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#11
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
 

kcuf2

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Dec 29, 2005
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#12
Mate, I live in Melbourne lah :angel:
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.. :)
 

k3nn3th03

Senior Member
Jan 6, 2005
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#13
Mate, I live in Melbourne lah :angel:
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%...
 

kangkong

Deregistered
Mar 31, 2008
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#16
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.;)
 

s598719

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Oct 27, 2006
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#18
...put $ into something with limited supply but rising demand like

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


Always make $.
 

#19
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.
 

Benign

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Jan 30, 2004
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Melbourne
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#20
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