If I am currently earning x% interest in the bank, is there a reason why I would buy SSB now even though it will take at least 4 years to achieve more than x% average return per year? ? - Seedly

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Asked by Anonymous

Updated on 18 Apr 2019

If I am currently earning x% interest in the bank, is there a reason why I would buy SSB now even though it will take at least 4 years to achieve more than x% average return per year? ?

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Jin Shun Chia
Jin Shun Chia, Senior Financial Consultant at Prudential
Level 4. Prodigy
Answered on 16 Aug 2018

The only reason you'll do this is when you have more confidence that the bank will not be raising interest rates for the next 4 years!

To that, no one would know the answer. Past performance is not indicative of future results, this investment tip applies to your question. :)

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