facebookHello Seedly, i have 50k that I'm taking out from the FD today, 15k in my POSB savings in my bank, another 10k in my OCBC 365(the acct i use daily). ? - Seedly

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Anonymous

18 Apr 2019

āˆ™

SeedlyAMA

Hello Seedly, i have 50k that I'm taking out from the FD today, 15k in my POSB savings in my bank, another 10k in my OCBC 365(the acct i use daily). ?

In my ocbc, i credit my salary to earn interest. I use my citibank and amex cards to earn miles currently for my honeymoon. I am looking to place my 50k+15k in somewhere safe to earn interest, for around 1 to 2 years. Can anyone advise me? Thank you.

AMA The Fifth Person

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Victor Chng

21 Feb 2019

Co-Founder at Fifth Person Pte Ltd

Hi,

Based on your short time frame, you may want to consider putting your money in Singapore Saving Bonds because your capital don;t fluctuate like the usual bond and you are take it out anytime with a month notice.

It was a good decision taking out from your FD because if you do understand how the banks makes money, you just took out a big chuck of leverage for them for your own benefit.

The only question is how can you take turn your leverage into your advantage?

how do you find the opportunities?

Using yours as a case study, If you have $50,000 at your disposable, first split it up into the jars. Look up T.Harv Eker 6 Jar System. One of the Jars if known as the FFA, where the funds inside here are used to grow your assest.

So to grow you assest, there are many vehicles in the market. Becareful though. One of the other jar is education, take 10% and go learn strategies and trainings to improve your financial decisions.

So for me, one of my vehicles is trading in the market where I only risk 1% everyday of my initial deposit. Based on our own trading stratgies and data analaysis for years, its a winning rate of 83% growth non-accumalative... Meanining if I take out the profit every month, in a year's time, I would have made an average profit of 83% monthly in that year. Cumlative, if you leave your money in and adjust the 1% every month, its abut 200-300%.

T Harv Eker is having his event in March 15-17 2019 @ Singapore Expo. You can check more information at his website www.mmisingapore.com .

Hope this helps. You can contact me on my website www.buildingfoundationfirst.com or www.facebook.com/officialreagangoh

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