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Anonymous
Purchased SSB with SRS account via DBS Digibank. Started with the min. amt of $500 and now want to increase it but cannot figure out how to add on from here! Sorry if this is a noob question, any help will be very much appreciated :)
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No add on once the sign up is confirmed for the month. however you can sign up for new batch next month.
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SSB (bonds) are terrible investment vehicles. With real inflation exceeding 7%pa and if you're getting 2-3%pa, its a perfect plan to turn a billionaire to a millionaire.
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There are many asset classes that easily beat bonds hands down. Even if you do not know how to invest, buying gold at such low prices still beats bonds in the long term. Plus, there are techniques that can supercharge your gold investment at 5-6%pa compounded. Gold can be very profitable investment, but it all depends on where you buy them. Buying gold from banks and most financial institutions is suicide for your portfolio. Blue chip US equities, real estates, blue chip cryptos (and certain altcoins), US municiple bonds, US blue chip convertable bonds and rare collectables are some of favorite investment vehicles for asute investors but these require deeper research.
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In short, there are many investment vehicles to beat inflation, but definitely not bonds. Good luck if you are ever invested in Government bonds.
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Re submit application to apply for ssb again
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Just apply every month....
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Subscribe to new issues each month. Max limit of 200k per person if i'm not wrong