Tag: Investment

Retirees Unhappy With Declining FD Rates during Covid. What to do?

One thing that Covid has impacted severely is the global economy and interest rates. In Singapore, our fixed deposit rates are closely linked to the interest rates in the United States. We can expect the interest rates to hover just slightly above zero percent for the short and medium term. For seniors depending on fixed deposit interest to make ends meet, this is bad news. Without taking in more risk, what should seniors do?

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How Much Money Did CPF Make For You in 2018?

If you read social media, you may get the impression that CPF is a terrible scheme that is concocted to “steal” everyone’s money. Here is a different view of CPF. In Singapore, your CPF account is the safest investment you can make with the highest returns. Unlike savings account that are insured up to $50K, your entire CPF savings is backed by the full faith and strength of the Government of Singapore, which has one of the highest credit rating that any country can aspire to. In short, there is virtually no chance that CPF will default on its obligations. And it is politically untenable to let that happen!

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