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Anonymous
Any suggestions on how to do so if you have no investment knowledge?
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Cryotosensei
01 Jul 2024
Blogger at diaperfinancingfund.blogspot.com
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T bill
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To access funds in the Ordinary Account (OA), you will need to allocate a minimum of S$20,000 in the account. A few things you can invest with your OA are:
Unit Trusts
Singapore Government Bonds
Exchange Traded Funds (ETFs)
Treasury Bills
Fixed Deposits
If you are a first-time investor, it is better to engage a financial advisor or broker to manage your CPF investments. Try investing in fixed deposits. They are typically more stable and guaranteed capital but lower returns. Another popular choice are T-bills as it has higher returns than FDs. Before making any investment decisions, you should assess your financial goals, risk tolerance, and explore diverse investment avenues for your long-term financial well-being.
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T-bills if they have sufficient interest rate
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Kent Toh
03 Jun 2024
Consultant at Sprinklr
Its not compulsory to do so, so only invest if you are comfortable.
If the odds say there is a 50 ...
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Just bought T-bills yesterday. It's easy as you can apply for it through your banking app