For those are following news from US side, many would have known that there is a very high chance that FED will pivot from next year onwards. Hence, this might be the last chance for you to lock in your last good Rick Free Rate before it is too late.
The question now is how to lock in?
Lock in now!
If we refer to the latest Singapore Saving Bond (SBJAN24 GX24010F), the latest rate is 3% (year 1) – 3.27% (year 10).
It is still above 3% now.
For next month, it will be less than 3%. Given the recent data, very likely, it will continue to go down from here.
Drastic Drop from last month rate!
If you look at last month SSB, it’s a drastic drop-in rate from 3.3% to 3%! Many only managed to lock in 20k worth last month at 3.4%.
This shows how fast market moves.
Prediction for next Month SSB
If we look at prediction for next month SSB, it is very likely that it will be less than 3%.
Hence this might be your last chance to lock in 10 years of risk free rate for above 3%!
Pros and Cons of SSB
Let’s us recap the advantages of SSB first:
- Very safe – backed by Singapore Government
- Locked down decent rates of around 3% for 10 years.
- Easy to redeem and can redeem partial
- Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
- Limit of 200k should be good enough for most people.
- Can build Bond Ladder to get monthly income (which I have already did)
Let’s us recap the disadvantages of SSB:
- Short term rates are lower than banks’ fixed deposits, money market funds such of around 3.5% and above.
- Risk Free 6 month treasury yield is close to 4% which is higher
- Low returns
- 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.
Locked down decent rates of around 3% for 10 years.
See the above point
Locked down decent rates of around 3% for 10 years.
This might be your last chance to lock in 3% rate for 10 years!
For those who are keen, don’t forget to apply by
26 Dec 2023, 9pm
Personally, I have already locked in decent rates and almost at SSB ceiling, I may or may not apply this time. Few more days to consider.
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Money just buy you the chance of freedom but can’t buy back time. In life, there is no reset button. Time is limited but money is not.
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 (your strong health, time with young child) while busying striking out in career.
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.
Love your life daily. You have one less day with your spouse, parents, children and yourself. Time is ticking away.
Focusing Careyourpresent & living a fulfilling life by supercharging your mind & investment/online income. Careyourpresent Series focus on things that one MUST know in their Life.
- Embracing the Transience: Life Is Short
- Are you one of them?
- Three Pictures to change your Life and Mind
- Live in Present is not easy
- The Best Advice to Parents and Child
- What if Later never come?
- What will you bring with you on your last day on Earth?
- Time is the ultimate currency, not money
- Our Life only have 5 short Days – we should live the best for every day
- Truly understand Living in the Moment now
- 11 Important Unexpected Life and Money lessons to learn from Your Children
- The days are long but the years are short
- Ditch your mobile phone to build real life
- Careyourpresent: Time is the most important
- Careyourpresent: What is your purpose of life?
- Careyourpresent : Greatest Regrets in life
- Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
- Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
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- Careyourpresent: Frozen. Let it go!
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