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Vincent Tan Wen Bin
21 May 2019
Assistant Vice President at Thinkers Alliance
I find that 5% is a bit on the higher side even though I understand that it is pretty easy to find investment that yields above 5% in current market condition.
If I would like to have excess cash in hand, I would invest the amount instead of repaying it but understanding that I might end up in a situation that I earn more, lose some or breakeven. However, I would still have the cash in hand for liquidity.
If the interest rate that you're paying is on the lower end, I would invest definitely.
My current car repayment is on 2.18% interest rate. I got a pretty good package. I took all the money to invest at a 5% rate and I still have 2.82%pa as a buffer.
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Brandan Chen
21 May 2019
Financial Planner at Manulife Singapore
One fundamental concept is that Interest rates are guaranteed but investment returns are not.
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