Anonymous
If you have large amount of AUD dollars, what would suggest for investment? Should I consider some of the wealth management products with the bank in Singapore?
The currency exchange rate from AUD to SG wasn't good at the moment. Currently, I have invested in Fixed Deposit in AUD with some banks.
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Javier Tan Yan Kai
17 May 2023
Actuarial Analyst at AIA
Holiday and fd
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Kent Toh
16 May 2023
Consultant at Sprinklr
I am holding on to some AUD as well. TBH, I don't have much faith that it will go back to anywhere near 1:1 vs SGD in the short term. In fact, it may continue falling. I intend to use it if i travel for holiday.
I will bite the bullet and exchange if have anything more than $5-10K.
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It depends on the return you aim for and the risk you are going for.
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Exchange rate i feel is secondary, since your objective appears to be long-term wealth appreciation....
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No. just buy the index funds etfs like VOO or CSPX on low cost brokers and do it yourself. read books and pay attention to finances. these financial institutions DO NOT have your interest at heart. their platform and management fees and incompetent advisors will never work out for you.