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 Where's the best place to park money short term?

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square2
post Nov 7 2022, 02:18 PM

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instant liquidity but not very safe - eFD

2-3 days liquidity but very safe - money market
square2
post Nov 12 2022, 12:23 PM

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QUOTE(BboyDora @ Nov 12 2022, 09:49 AM)
why not very safe? is it suddenly bank system error and showed all RM 0 one day?

oh no...i put all in efD as I lazy to make the FD cert anymore OTC. sweat.gif  sweat.gif
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already so many case on FD issues be it online or paper... if it can happen to others, it also has some chance that may happen to you too

people does mistake time to time, being not checking the website is correct or not, not ensure that the name is on the paper FD, using unknown apps that has spyware inside etc etc, hey, it can happen to you too

how safe is secure tac? secure sign? digital token?

with funds in money market, hackers requires much more steps and not to mention it take days to liquidfy your money

This post has been edited by square2: Nov 12 2022, 12:24 PM
square2
post Nov 12 2022, 05:46 PM

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QUOTE(guy3288 @ Nov 12 2022, 05:28 PM)
FD so dangerous sweat.gif  sweat.gif  sweat.gif you guys better move to MMF ha ha.
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don't twist my word la ranting.gif

i said not very safe only, i didn't say it is dangerous to put money in FD innocent.gif

in terms of security (FD 95% safe, MMF 98-99% safe), still have some risk to happen like MMF trustee goes bankrupt etc etc

 

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