SG Talk

Result was put after 3pm

(27-10-2022, 03:44 PM)lvlrsSTI Wrote: [ -> ]Result was put after 3pm

applied 30k, got 10k.

intend to throw the rest into Dec tbills (as RHB is giving 4.5% interest for Nov)

(27-10-2022, 04:08 PM)item2sell Wrote: [ -> ]applied 30k, got 10k.

intend to throw the rest into Dec tbills (as RHB is giving 4.5% interest for Nov

Great. Applied 10k and got 10k.

Aiyah, didnt get at all

(27-10-2022, 04:38 PM)Gstalk Wrote: [ -> ]Aiyah, didnt get at all

Nvm, good luck next time

I got 10K only 

(27-10-2022, 04:08 PM)item2sell Wrote: [ -> ]applied 30k, got 10k.

intend to throw the rest into Dec tbills (as RHB is giving 4.5% interest for Nov)

knn 10k nia? waste time.

(27-10-2022, 04:42 PM)Tangsen Wrote: [ -> ]I got 10K only 

How much did u apply?

Next mth will be lower than 3.21%

Take out some of your cpf OA $$$ for those above 55 and apply SSB every mth.

(27-10-2022, 05:53 PM)RiseofAsia Wrote: [ -> ]Take out some of your cpf OA $$$ for those above 55 and apply SSB every mth.

Doesn’t work that way.  The CPF SA will be depleted first and this is earning 4%

Applied 10k got 10k

If a person gotch 200k he will have to do it 10x if the allotment is max 10k per time

(28-10-2022, 09:05 AM)p1acebo Wrote: [ -> ]If a person gotch 200k he will have to do it 10x if the allotment is max 10k per time

as long as interest rates are decent, i will continue to max it ^_^

had better luck for previous ones when the interest rates was much lower

(27-10-2022, 10:14 PM)p1acebo Wrote: [ -> ]Doesn’t work that way.  The CPF SA will be depleted first and this is earning 4%

Very soon SSB will exceed 4%
Dec period…
Who still Fcuk care CPF interest is 4%,
SA not much left after 55.

(28-10-2022, 11:09 AM)RiseofAsia Wrote: [ -> ]Very soon SSB will exceed 4%
Dec period…
Who still Fcuk care CPF interest is 4%,
SA not much left after 55.

Precisely.  But my point is that you can’t take out funds from your OA to buy SG Savings Bonds before depleting your SA account first. And some folks may have lots of funds in SA.  

And it just doesn’t make sense to use funds from an account paying 4% to buy into bonds that is paying only 3.21% at the moment.  Also need to factor in that the CPF SA interests are also compounded.

Note:  Cash to be withdrawn from CPF, because you cannot use CPF funds to buy

(28-10-2022, 11:52 AM)p1acebo Wrote: [ -> ]Precisely.  But my point is that you can’t take out funds from your OA to buy SG Savings Bonds before depleting your SA account first. And some folks may have lots of funds in SA.  

And it just doesn’t make sense to use funds from an account paying 4% to buy into bonds that is paying only 3.21% at the moment.  Also need to factor in that the CPF SA interests are also compounded.

Note:  Cash to be withdrawn from CPF, because you cannot use CPF funds to buy

if ssb goes to 4.5% n more withdraw fr oa n sa to buy 
later pap will change the rule cant put back to oa n sa after withdraw

I thought it is as hard as applying for IPO, turned out it is so easy to get as garment needs our money.

why SSB?

T bill is better. This round gives 4.19%, and full allotment

(28-10-2022, 01:42 PM)drgn Wrote: [ -> ]why SSB?

T bill is better.  This round gives 4.19%, and full allotment

Yes, you are very up to date.  This is the latest rate, and full allotment even for the non competitive bids.

(28-10-2022, 02:02 PM)p1acebo Wrote: [ -> ]Yes, you are very up to date.  This is the latest rate, and full allotment even for the non competitive bids.

Then how come you never invest in t bill?

T bill, min investment amount $1000, can use cash, CPF and SRS to buy

https://www.mas.gov.sg/bonds-and-bills/S...ndividuals

(28-10-2022, 02:27 PM)lvlrsSTI Wrote: [ -> ]Then how come you never invest in t bill?

This month t bill will lose CPF interest for 8 months. As the auction date and issue date are different

(28-10-2022, 01:42 PM)drgn Wrote: [ -> ]why SSB?

T bill is better.  This round gives 4.19%, and full allotment

SSB is 10 years. T-bill short term so not exactly the same. This rising interest cannot go on for 10 years can it? So best to buy both

Finally this forum is having a very slight semblance of an investment corner instead of purely a wet market where fighting old unkers and aunties gather

(28-10-2022, 11:52 AM)p1acebo Wrote: [ -> ]Precisely.  But my point is that you can’t take out funds from your OA to buy SG Savings Bonds before depleting your SA account first. And some folks may have lots of funds in SA.  

And it just doesn’t make sense to use funds from an account paying 4% to buy into bonds that is paying only 3.21% at the moment.  Also need to factor in that the CPF SA interests are also compounded.

Note:  Cash to be withdrawn from CPF, because you cannot use CPF funds to buy

in this case, T-bill is better
- higher interest rate, should be around 4.5% next round.
- can use CPF OA to buy, don't have to withdraw cash from CPF OA.

(28-10-2022, 09:15 PM)drgn Wrote: [ -> ]in this case, T-bill is better
- higher interest rate, should be around 4.5% next round.
- can use CPF OA to buy, don't have to withdraw cash from CPF OA.

Tenor 30 years is too long.

(28-10-2022, 09:36 PM)lvlrsSTI Wrote: [ -> ]Tenor 30 years is too long.

by definition, t-bills are short term investment with maturity periods ranging from a few days up to 52 weeks.

(29-10-2022, 08:44 AM)drgn Wrote: [ -> ]by definition, t-bills are short term investment with maturity periods ranging from a few days up to 52 weeks.

Yes, temporary-bills are very short term and you have to reapply or do nothing but earning saving interest after that. Very lehcheh