QUOTE(KenYoung @ Jun 14 2015, 03:27 PM)
sorry, i did not make it clear that my SGDs earned are frm running a business there...
i have zero expenditures, is mostly dealing with collecting and paying cash (paying out is usually a rare occasion)..
some of u might already know the gist of it already
what kinda investments are u talking about? got some examples i can google on?
and what ure actually suggesting? putting it in a FD?
So, it means it is "fresh" money every month, right? If yes, then is no difference.i have zero expenditures, is mostly dealing with collecting and paying cash (paying out is usually a rare occasion)..
some of u might already know the gist of it already
what kinda investments are u talking about? got some examples i can google on?
and what ure actually suggesting? putting it in a FD?
Putting in Malaysia's bank FD will be yielding 3-4% a year. Investing in shares or trust funds are not really a good idea considering current situation. My auntie that used to look for Datuk's money for trust funds also starting to look for relatives to dump money.
Keeping cash in FD still the best way now, as when you need to use the money, your rm1000 still rm1000. But in funds or shares today you put rm1000, on the spot you lose out ~rm100.
Jun 14 2015, 04:08 PM

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