Which instrument will you recommend for senior citizens?

It's great that your parents are looking for ways to increase their passive income, and it's good that you are considering their concerns about liquidity and time horizon.

One instrument that you may want to consider for your parents is a short-term bond fund. These types of funds invest in a diversified portfolio of short-term bonds, which typically have maturities of one to three years. This can provide a relatively stable source of income, as the value of the fund is less likely to fluctuate compared to a fund that invests in longer-term bonds or stocks. Short-term bond funds also typically have higher liquidity compared to longer-term bond funds, as the underlying bonds can be more easily sold in the market.

As for buying Singapore Savings Bonds (SSBs) or T-bills, you can do so through a brokerage account or through a bank. To open a brokerage account, you will typically need to provide identification documents and complete an application process. Once the account is open, you can use it to buy and sell various types of securities, including SSBs and T-bills. To buy SSBs or T-bills directly through a bank, you will need to visit a branch and speak with a representative. They will be able to assist you with the process of opening an account and buying the securities.

It's important to note that investing involves some level of risk, and it's always a good idea to do your own research and consult with a financial advisor before making any investment decisions. Feel free to contact us at t.me/wealthwhispersg for any enquiries.

SSB or T Bills.

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I think most endowment plans min quantum is higher than $5k.

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SSB or T-bill are good options for a small capital. They are safe, liquid (SSB) and short-term (T-bill) instruments. Also do not require large capital to start.

Ssb/tbill bah with that quantum