What do you guys think of the May SSB? Do you think there will be lesser people balloting for it now since everyone is buying stocks? - Seedly
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Zachary Teo

Asked on 15 May 2020

What do you guys think of the May SSB? Do you think there will be lesser people balloting for it now since everyone is buying stocks?

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Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered on 15 May 2020

Of course! What with Singlife offering 2.5% per annum, Great Eastern offering a capital guaranteed endowment plan for 1.8% for 2 years, etc. Even banks are offering higher interest rates. Just received a message from UOB about how it’s offering 1.25% interest for a 11-month fixed deposit

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Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered on 15 May 2020

Yes for those who are seeking a place to temporary park their money. There are better alternatives available including short term endowment plans, high-interest savings/multiplier accounts, and fixed deposit. Though the risk undertaken is not quite the same, for a short period it is not that significant.

No for those who are seeking safe/low volatile investment as part of their investment/retirement portfolio.

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They are two different asset classes. Therefore, the subscription will be based on individual's risk appetite and investment objective.

I share quality content on estate planning and financial planning here.

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