Where you park your spare money?


ahboy168

Senior Member
Mar 30, 2009
982
0
16
East
#1
If no risky investment, where to park money?
 

May 4, 2013
485
0
0
singapore
#6
Too many options.. Pls provide more parameters like time horizon, liquidity needs, any financial knowledge and If possible an estimated figure..
Anything under $20k I would recommend a foreign currency fixed deposit like AUD. Current economic outlook seems like slight upside and the interest is close to a decent 5% which more or less matches inflation. And Fcfd is guaranteed by MAS for figures up to $20k placed in a bank.
 

May 4, 2013
485
0
0
singapore
#7
Oh.. just to add a disclaimer, it's best to seek a financial advisor who u trust to seek advise. Many a times the simplest option is actually the best one too.. cheers.. :)
 

An drew

Senior Member
May 27, 2005
3,920
9
38
#8
You should park it under the frog.

 

#11
Dump all into CPF Special Account for minimum of 4% interest per annum. Our dear government will help to make the best use out of your finances with their superb money sense.

Thank you for contributing towards nation building.
 

Last edited:

Blur Shadow

Senior Member
Sep 17, 2005
4,886
4
0
#13
If there are no risky investment, one will simply invest in a risk-free asset and earn the risk free rate. I don't understand the question at all.
 

ricohflex

Senior Member
Feb 24, 2005
3,353
8
38
sing
#14
Please park here. They are waiting to welcome you.


Photo credit: Larry Loh / CNN Go
 

devilry

New Member
Feb 16, 2006
986
3
0
#15
Money are meant to be spent, not saved... All my spare money are spent on camera lenses
 

ArchRival

New Member
Sep 17, 2006
559
4
0
#17
I put my money under my bed. The interest rate there is ~5%.
 

Shizuma

Senior Member
Mar 19, 2012
2,557
25
0
#20
Too many options.. Pls provide more parameters like time horizon, liquidity needs, any financial knowledge and If possible an estimated figure..
Anything under $20k I would recommend a foreign currency fixed deposit like AUD. Current economic outlook seems like slight upside and the interest is close to a decent 5% which more or less matches inflation. And Fcfd is guaranteed by MAS for figures up to $20k placed in a bank.
err. how up to date is your info? Aussie is facing numerous rate cuts
 

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