Should I purchase the upcoming Treasury Bill?

Question

Should I be purchasing the upcoming Treasury Bill? This is a question that quite a number of people asking me.

How does MAS Treasury Bill works?

This means what when you apply for 12k for a 6-month T-Bills (for example) and successfully auction and get 10k at 4% yield. On the refund day, you will get back 2000 + 10000*182/365*0.04 = 2000 + 199.45= 2199.45 (assuming 6 month is 182 days). At the end of 6 months (182 days), you will get back your $10k.

For those who are unaware how this work, Treasury Bill is issued by the Singapore Government on a regular basis. From the main website itself, they are short-term Singapore Government Securities (SGS) issued at a discount to their face value. Investors receive the full face value at maturity. The Government issues 6-month and 1-year T-bills.

Upcoming MAS Treasury Bill

The upcoming treasury bill is open now with auction date on 8 Dec 2022. If I look at the past statistics, I will estimate the yield to be 3.5% to max 4.0% (quite likely my guess will be 3.6%).

Should I purchase the upcoming Treasury Bill?

To answer this question, my answer will be no if you have more than 10k to invest.

This because there are a lot more better options available.

Other better options

For 10k, I can simply put into CIMB FD which give 3.95% for 10k for 6 months. I can also put into more liquid accounts such as UOB ONE that can easily go to 5% with $500 spend and salary credit OR OCBC 360 which can go easily to 4.05% with just salary credit and save bonus. All these options provide higher yield with better liquidity.

Other options which include SSB that allowed you to lock 3% plus rate for 10 years. Or simply use Money Market Funds like Moneyowl Wisesaver, which give 3.68% using Fullerton Professionally Managed Cash Solution by Fullerton Fund Management (Temasek-Owned). Low return high return!

You can use my referral link to get free $20-$60 Grab Vouchers when you invest with them. Moreover, there is a promotion until 31 Dec 2022 now where you can get $20 worth of WiseSaver units by 31 January 2023.

Why waste time and take the extract effort to ballot?

Conclusion

Hope this article make your choice easier. Take care and see you next time!

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CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

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REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

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