QinWei Posted June 15 Author Report Share Posted June 15 but why will it be called Fixed D? 1 hour ago, Guest Guest said: If thinking about FD, can instead consider some local banks that offer higher interest rates for savings account without locking in your money. Examples like Standard Chartered Esaver and CIMB offers around 3.5%! Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted June 15 Report Share Posted June 15 10 hours ago, QinWei said: but why will it be called Fixed D? Read carefully, it says instead of FD. Quote Link to comment Share on other sites More sharing options...
QinWei Posted June 16 Author Report Share Posted June 16 i am very clear Guest you mentioned : instead consider some local banks that offer higher interest rates for savings account without locking in your money WHy is this called Fixed D /FD when it doesnt lock it up? It is NOT FD then hence why will it be called FD? 19 hours ago, QinWei said: but why will it be called Fixed D? Quote Link to comment Share on other sites More sharing options...
Guest OMG Posted June 16 Report Share Posted June 16 6 hours ago, QinWei said: i am very clear Guest you mentioned : instead consider some local banks that offer higher interest rates for savings account without locking in your money WHy is this called Fixed D /FD when it doesnt lock it up? It is NOT FD then hence why will it be called FD? you might think you are very clear but you clearly did not read carefully Quote Link to comment Share on other sites More sharing options...
QinWei Posted June 17 Author Report Share Posted June 17 More choices but only 1 best option given: Honestly anything less than 5% is out , if not cannot beat inflation Quote Link to comment Share on other sites More sharing options...
Guest Interesting Posted June 17 Report Share Posted June 17 7 hours ago, QinWei said: More choices but only 1 best option given: Honestly anything less than 5% is out , if not cannot beat inflation yes he says he wouldn’t invest with bigfundr. I agree, too high risk for too low reward Quote Link to comment Share on other sites More sharing options...
QinWei Posted June 17 Author Report Share Posted June 17 Some didnt view till the end he didnt invest but have the promo code to let us sign Up this is just 1 perspective! We are not leading a life under a youtuber or influencer i didnt know some based on tiktoks/videos to confirm our own life choices? Hope not many of such Quote Link to comment Share on other sites More sharing options...
QinWei Posted June 17 Author Report Share Posted June 17 (edited) how safe and since all used a youtuber to ......... They are not to "instruct" or adv us they have alwys set the disclaimer these are not financial advices but lay the ground for us to decide what suit our lifestyle Edited June 17 by QinWei Quote Link to comment Share on other sites More sharing options...
Guest Interesting Posted June 17 Report Share Posted June 17 1 hour ago, QinWei said: Some didnt view till the end he didnt invest but have the promo code to let us sign Up this is just 1 perspective! We are not leading a life under a youtuber or influencer i didnt know some based on tiktoks/videos to confirm our own life choices? Hope not many of such really can’t understand what point you are trying to make. My point was quite simple: I agree with the YouTuber commenting that the risk vs reward balance doesn’t work for bigfundr, it’s too high a risk for too low a reward. Quote Link to comment Share on other sites More sharing options...
Guest dividend Posted September 23 Report Share Posted September 23 Oh dear truth about Dividends Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 9 Author Report Share Posted October 9 if after owning a flat, you are still keeping all your OA , something is wrong now they all started it young with so much: Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 10 Author Report Share Posted October 10 here comes your answer of growing Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 11 Author Report Share Posted October 11 now the cycle is much shorter, in the past it can take 10yrs to recover Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 16 Author Report Share Posted October 16 On 6/7/2024 at 7:18 PM, QinWei said: anyone using bigfundr!? can they be trusted? Quote Link to comment Share on other sites More sharing options...
yoyo74 Posted October 26 Report Share Posted October 26 I read this topic and found that 5 years later when i reach 55 the SA will close and left over OA, RA and MA. I have already transfer my OA to max out my SA currently which would be FRS when reach 55. I would like to know when i reach age 55 would my salary goes to OA or RA? What if i top up to reach ERS at age 55 asking same question as above would my salary goes to OA or RA? From what i understand is OA interest rate 2.5% and RA interest rate is 4% right? If after i hit ERS will RA gets block off and salary flows to OA instead? Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 27 Author Report Share Posted October 27 8 hours ago, yoyo74 said: when i reach age 55 would my salary goes to OA or RA? still OA but time to time they will get transfer over Quote Link to comment Share on other sites More sharing options...
QinWei Posted October 27 Author Report Share Posted October 27 As we dont know your property at all If you have set aside your FRS, whether fully in cash or with a mixture of property and cash, any remaining SA savings will be transferred to your Ordinary Account (OA), where they remain withdrawable and will earn the short-term interest rate. You can choose to transfer your OA savings to the RA at any time, up to the prevailing Enhanced Retirement Sum (ERS) to earn long-term interest rates and receive higher retirement payouts. Once transferred, the RA savings can only be streamed out to you in retirement payouts. With the raised ERS from 1 January 2025, more than 99% of the members aged 55 and above today would be able to transfer all their SA savings, that were channelled to the OA due to the closure of SA, to the RA. You will be notified when your SA is closed, through a hard copy notification, as well as an email/SMS where applicable. No action is required from you now. https://ask.gov.sg/cpf/questions/cm2i55b8r008p9apoirv2ubqn?from=relatedquestions Quote Link to comment Share on other sites More sharing options...
QinWei Posted November 15 Author Report Share Posted November 15 How will economy react after Trump win? but that might bring back Inflation Will S&P crash soon? Quote Link to comment Share on other sites More sharing options...
oBiGeekie Posted November 15 Report Share Posted November 15 Just focus and invest in good businesses with strong fundamentals and balance sheet. Politics are just short term noise. Also, buy Bitcoin 🤪 Quote Link to comment Share on other sites More sharing options...
QinWei Posted November 15 Author Report Share Posted November 15 24 minutes ago, oBiGeekie said: buy Bitcoin 🤪 we timids Quote Link to comment Share on other sites More sharing options...
QinWei Posted November 19 Author Report Share Posted November 19 Who really transfer money from OA to Sa now and we are not even 50? 70% (of some of us did it and we) voted too: https://forums.hardwarezone.com.sg/threads/should-i-move-my-cpf-balance-in-oa-to-sa.7080234/?utm_source=hardwarezone_sg&utm_medium=edm&utm_campaign=enewsletter_forumer&sc_src=email_4074207&sc_lid=392531947&sc_uid=IAGF66LoER&sc_llid=64002&sc_eh=7009fd12a0218c541 Quote Link to comment Share on other sites More sharing options...
QinWei Posted November 22 Author Report Share Posted November 22 No matter what do something simple on investments like buying indices https://www.facebook.com/share/r/nBAyCiXzAmi4gYRA/?mibextid=oKfgLb & PODCAST: What will happen to your retirement savings now that changes to the CPF Act were passed in Parliament in October, signalling the closure of the CPF Special Account for members aged 55 and above? 🎧 Listen here: https://bt.sg/ixUVi Quote Link to comment Share on other sites More sharing options...
mate69 Posted November 23 Report Share Posted November 23 (edited) Also, must closely guard your finances from your SO or spouse, especially so if the other side is a complete klutz with finances/money This is a MUST The other side MUST NEVER EVER know the true extent of your wealth, or else you will be doomed Edited November 23 by mate69 bluerunner 1 Quote Link to comment Share on other sites More sharing options...
bluerunner Posted November 25 Report Share Posted November 25 On 10/27/2024 at 4:07 AM, yoyo74 said: I read this topic and found that 5 years later when i reach 55 the SA will close and left over OA, RA and MA. I have already transfer my OA to max out my SA currently which would be FRS when reach 55. I would like to know when i reach age 55 would my salary goes to OA or RA? What if i top up to reach ERS at age 55 asking same question as above would my salary goes to OA or RA? From what i understand is OA interest rate 2.5% and RA interest rate is 4% right? If after i hit ERS will RA gets block off and salary flows to OA instead? When you reach >= 55yo and still working, deduction from you salary goes to OA and MA (if MA is not max). If MA already max, everything goes to OA. mate69 1 Quote Link to comment Share on other sites More sharing options...
QinWei Posted December 1 Author Report Share Posted December 1 still unclear? Quote Link to comment Share on other sites More sharing options...
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