SBDEC23 GX23120Z – a must buy for Saver!

This month SSB is great. 3.4% for average 10 years with 1st year 3.3%. With FED sound hawish, and the market “rallying” for past few days, those who afraid that rate will drop, can buy some SSB now.

Let’s Recap First!

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.

Buy or Bye?

It’s a good buy if you have spare cash and want to lock 10 years rate.

Otherwise, perhaps might be better to wait for chance in equity market?

For me I am adding, but last month it was almost oversubscribed with limit of 47k. This month, definitely will be lesser, 20k? 10K? We will see.

Deal 1:

Webull – Get free money!

Good deal! Do not miss this! Sign up here now for free money!!

Deal 2:

Trust Bank New Clients → Free SGD$35 FairPrice Vouchers

Sign up using referral code KNDBPEPT (Free $10 FairPrice E-Voucher). Key in this code after you download the Trust Bank App from Trust Bank Website
Receive a S$25 FairPrice E-Voucher from your first card spend as a credit card customer or when you make your first S$500 deposit for Savings account

Many other attractive vouchers in the app – refresh every month
No minimum balance account and can earn up to 2.5% for the first 125k
No foreign transaction fee, great exchange rates when overseas. See my review via Trust Card – Excellent Card for overseas usage.

Deal 3:

FSMone – Cheap Comms and can transfer your shares to Personal/Joint CDP for Free

I am using FSMOne.com to invest in funds & ETFs (including money market funds). FSM is good due to the low comms and the free transfer from FSMOne to CDP (typically takes less than a week to transfer). If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0413007.

You can read my experience of how I buy cheaply using FSMOne and then transfer my shares to Joint CDP within few days via $0 Free of Charge Transfer of SGX Shares from FSM to CDP and updates! – Done in less than 3 days!

I am also using FSMOne as part of my Estate Planning Plan. You can read about this via Simplified Guide to the Key Gist of Grant of Probate and Estate Planning

Deal 4:

Eskimo – Best Option for Roaming!

For now, you can get 500MB for free just by signing up with my referral link, no purchase required (I get 500MB only too, but only if you buy a paid plan). Referral code: CHING104915

You can read my review here.

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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.

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Embracing the Transience: Life Is Short

SBDEC23 GX23120Z – a must buy for Saver!

Let’s Recap First!

Buy or Bye?

Deal 1:

Deal 2:

Deal 3:

Deal 4:

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Let’s Recap First!

Buy or Bye?

Deal 1:

Deal 2:

Deal 3:

Deal 4:

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