Not so long ago, we could park our money in government bonds and Singapore Savings Bonds or SSBs and earn solid returns; government bonds and SSBs returned more than 2 to 3%. Today? The picture has changed. The new SSB issues are yielding about 2.11% per annum, and the latest six-month T-bill is only around 1.44% per annum. Apart from our complaints at the coffee shop, this means that our money is no longer giving us a good return, and is certainly depreciating when inflation is taken into account. If you’re a saver, this is bad news. And even if you’re an investor, we’re going to have to find a place to park your cash pile – your dry powder. What should you do? Not only do you want it inactive, but you also can’t leave it locked for too long. So I turned my sights back to a savings account – and managed to get 5.55% per year on it, with full liquidity. And yes – I think this rate is something that most retail investors who already trade stocks/REITs should be able to get, with some care of course. In this video I show you the exact steps I took: which bonus criteria I followed, which ones were impractical and which I skipped, how I structured the trades and all the risks you should be aware of. But before we dive in, I want to remind you that this video is for informational purposes only and not financial advice. Always do your own research and consult a licensed financial advisor before making any investment decisions. I put my money in the savings account discussed, but what works for me may not work for you. Okay, let’s get started….
#Earned #Savings #Account