Where to park the money in time like this.....
- Thread starter Benign
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Wines is a good choice. But need storage and I can't resist the temptation of drinking them.
Heard those tea cakes in China return much higher ley.
http://thestar.com.my/lifestyle/story.asp?file=/2008/2/20/lifeliving/20157454&sec=lifeliving
night86mare
Deregistered
Look at the value of Gold 20yrs ago.
Now look at the value of Gold now.
Next, imagine the value of Gold 20yrs from today.
What do u think?
Of cos, some ppl's face turns blue from laughter when I tell them abt this. But they are short-term speculators, not exactly long term investors. Different people, different strategy. The trick to long term strategy is never to time the market.
I really don't fancy putting all the eggs in one basket mah.
In fact, if I am game....... I should be buying stocks that will be badly affected by this crisis (stagflation). Then wait for recovery. :thumbsup:
If you are talking about really long term (20 years or so), then you better invest in property with good location liao.
However, my personal experience told me otherwise.
A property 13 years back in M'sia. The price was 200k plus. Today market value? Slightly above 400k. We are talking about not even 100% return here.
But for a 100k house in Melbourne 13 years back, today the same house is easily worth more than 270k++.
Every investment is about risk. lower or higher the risk niah...... Even keeping the money in Aud today and earn high interest sounds logical and safe. Then, how about the Aussie dollar is already at or near its highest since floated in 1983 against the USD. What if by the time we earn the interest at 8% per annun. But the Aud has fallen against the USD by something like 10%. :dunno:
Enough said.....it is all about fate :mad2:
Think I will keep the $ in the biscuit tin and buried it for another hundred year. :bsmilie:
Sion
Senior Member
Invest in the shares of the Chinese contruction company that plans to rebuild The Great Wall.
hehe.. join e discussion..
bonds/money mkt fund ok for short term capital preservation .. but realli for long term hedge agt inflation, bonds dun do a good job. unless say like inflation linked bonds in US. think in Sg, dun have (correct me if there is)
as mentioned, diversified portfolio (incl. mutual funds mix of equities, bonds, commodities, direct holdings in dividend stocks, blue chips, REITs, business trusts, ETFs) will provide steady better returns in long term.
note on forex (if Sg investor).. is tt gotta factor in currency volatility over FD period, bank exchange rate spread and whether the net interest payable will still make your worth to place in AUD/NZD FDs..
happy investing!
bonds/money mkt fund ok for short term capital preservation .. but realli for long term hedge agt inflation, bonds dun do a good job. unless say like inflation linked bonds in US. think in Sg, dun have (correct me if there is)
as mentioned, diversified portfolio (incl. mutual funds mix of equities, bonds, commodities, direct holdings in dividend stocks, blue chips, REITs, business trusts, ETFs) will provide steady better returns in long term.
note on forex (if Sg investor).. is tt gotta factor in currency volatility over FD period, bank exchange rate spread and whether the net interest payable will still make your worth to place in AUD/NZD FDs..
happy investing!
spindoctor
Member
Know of a good website that tracks the value of gold?
yes, not at exactly their rates (bank sucks off a portion of it obviously), but close to it. check out maybank, my dad said it offers one of the best rates in town.
gooseberry
Senior Member
Since you're in Aus, can take a look at www.ingdirect.com.au. They're having a current promotional rate on their savings maximiser account (basically an onlien savings account and you can withdraw any time) - 7.9% up until end Sept 2008, after which it will go back down to their standard rate (which is currently at 6.9%). Or you can go for their term deposits - 180 day term deposit is returning 8.15%. 7.9% is bloody good (even 6.9% is) for a savings account with no fees and withdrawal anytime.
You can only apply if you're an Australian resident for taxation purposes.
For people in Singapore, can take a look at the HSBC multi-currency savings account and park it in AUD. Though have to consider forex costs when you want to convert back to SGD, but the interest rates are not bad (4.55% - 5.15% depending on amount) or higher if you go for time deposits.
You can only apply if you're an Australian resident for taxation purposes.
For people in Singapore, can take a look at the HSBC multi-currency savings account and park it in AUD. Though have to consider forex costs when you want to convert back to SGD, but the interest rates are not bad (4.55% - 5.15% depending on amount) or higher if you go for time deposits.
FYI
DBS rates ... for Aud its approx 7 %
min deposit is Sgd 5000
http://www.dbs.com.sg/ratesonline/fdacu.html
..
DBS rates ... for Aud its approx 7 %
min deposit is Sgd 5000
http://www.dbs.com.sg/ratesonline/fdacu.html
..
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