facebookOther than Singlife, what are other avenues where one can hold cash but still gain a decent return? - Seedly

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Anonymous

15 Dec 2020

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Insurance

Other than Singlife, what are other avenues where one can hold cash but still gain a decent return?

Been looking to find a place to store cash that is more liquid. One avenue is the ever so popular singlife. Yet to gain 2%, it is capped at $10k so I was wondering if there are other avenues where one can still achieve simar liquidity but have around a 1.5-2% return yearly. Thanks

Discussion (2)

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Hello,

I was once also relying on bank interest to grow my money for past few years. But when the pandemic hit singapore and banks started to drop their interest rates, I feel there is a need for me to change my way of growing my wealth.

I have pick up investing in common stocks particularly Reits in SG market as they offer a decent dividend yield.

Besides that, I have also started investing in US market for higher returns.

Though investing may bring risk, but I believe that if you read up and do your calculation, the returns will definitely outweigh the loss.

If you are interested in stock investing, personally I been using tiger broker which charges very low commission.

Hello, Singtel dash gives a decent return of 1.8% for up to $20,000. :)

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