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Thomas Koo

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Thomas Koo

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Thomas Koo

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Singapore Saving Bonds (SSB)

Investments

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Updated on 04 Dec 2019
Hi Jia Jing, FYI. Current batch of SSB SBAUG19 GX19080E interest yields are lower than Fixed Deposit interest rates on some banks. https://blog.moneysmart.sg/fixed-deposits/best-fixed-deposit-accounts-singapore/ !
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Investments

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Updated on 09 Jul 2019
Hi QP, For SRS, your options only include the following : - Bonds - Fixed Deposits - Foreign Currency Fixed Deposits - Shares - Single Premium Insurance - Unit Trusts POSB

Career

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi QP, Master of Applied Science is an academic degree. Unless you intend to be an academic or data analytics researcher, else it does not value add to your banking career.

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Electricity Market

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi QP, Don't worry, you will not lose your electricity supply if you do not switch to a retailer. You will continue to receive electricity via the national power grid operated by SP Group.

Investments

Singapore Saving Bonds (SSB)

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Updated on 09 Jul 2019
Hi QP, - Singapore Savings Bonds (SSB) are a special type of Singapore Government Securities (SGS) with features that make them suitable for individual investors. - Savings Bonds are fully backed by the Singapore Government, you can always get your investment amount back in full with no capital loss. - Investment is upto 10 years term. - Savings Bonds pay interest every 6 months. - You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early. $2 transaction fee by the bank for each redemption request. You will receive the amount you requested in full, along with any accrued interest, by the 2nd business day of the following month. You will need : - CDP securities account - Apply through DBS/POSB, OCBC and UOB ATMs or internet banking, or OCBC's mobile application. https://www.mas.gov.sg/bonds-and-bills/Singapore-Savings-Bonds

Singapore Saving Bonds (SSB)

Investments

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi QP, Your CDP account must have Direct Crediting Service activated on your bank account. This allows interest payments from your Savings Bonds to be credited directly into your bank account. https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-savings-bonds/how-to-buy

Investments

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi QP, SSB redemption is returned to the same bank account you buy the SSB. https://www.mas.gov.sg/bonds-and-bills/investing-in-singapore-savings-bonds/how-to-redeem

Investments

Savings

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi Colin, Congrats, ORd coming sooonn... I suggest before you start investing, do read up on available investment methods and tools. After that, consider what you have now and how much you can risk it (I mean losing ALL of it). Then, select the investment tools and risk/return expectation align with your investing capital and risk appetite. As a rule of thumb, high return=high risk, vice versa. All the best !

Investments

Robo-Advisors

StashAway

Thomas Koo
Thomas Koo
Level 3. Wonderkid
Answered on 09 Jul 2019
Hi QP, What were your plans when you deposited $300 into StashAway ? Do you intend to risk these money for high returns or as a form of regular investments, hoping to build your goldn nest ? Do note that StashAway is in USD, you need to factor in FX loss. Be Wise and Safe in All Investments, Always :-) !
Level 3. Wonderkid
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