The current month SSB 3.16% on average for next 10 years. If you refer to my last article (SSB – SBOCT23 GX23100T This month – 3.16%! Buy or bye?), I have mentioned that
I am more inclined for opportunities in market rather than SSB, since I have lots of SSB now. Additionally, short term rate in Money Market Funds, or high saving accounts like Esaver, CIMB FastSaver, OCBC360, UOBOne are already giving me 3.5% to 5% in the short term, which is much higher than the 3.05% of SSB. Current issue is only slightly higher, unless you have millions in SSB (which you can’t since the limit is 200k), the difference are not that big.
The purpose now is to lock in the 10 years decent rate but it seems like the high rate can last till 2024 and 2025 – great news indeed!
Additionally
It’s enticing to apply for this month SSB but I didn’t because it’s more attractive to buy equities instead in this current stage of market. The lagging effects of the interest rate is coming now. There is a possibility of correction coming.
In the same article, I have mentioned that
Next Month SSB
Ilovessb is quite accurate to project next month rate. The next month rate is definitely better with lots of chances to buy equities for more upside (of course downside too :).
My actions
See Yield Curve inverted for the longest time! What’s next?
I have made some recent purchases and will buy more if sales come! If sales didn’t come, I will add SSB instead.
Life is full of uncertainty, let’s see how it goes.
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- Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com
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
- 小时候,幸福很简单。长大了,简单很幸福。
- 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…
- Careyourpresent : Why is Gold useful?
- Careyourpresent: Frozen. Let it go!
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