Where you park your spare money?

[ahboy168]

If no risky investment, where to park money?

 

[G-man]

No spare money to park

 

[Van Faniel]

In a tin can under my bed...

 

[trd2970]

Property lo...

 

[hanzohattori]

If only...

 

[CasualBear]

Too many options.. Pls provide more parameters like time horizon, liquidity needs, any financial knowledge and If possible an estimated figure..
Anything under $20k I would recommend a foreign currency fixed deposit like AUD. Current economic outlook seems like slight upside and the interest is close to a decent 5% which more or less matches inflation. And Fcfd is guaranteed by MAS for figures up to $20k placed in a bank.

 

[CasualBear]

Oh.. just to add a disclaimer, it's best to seek a financial advisor who u trust to seek advise. Many a times the simplest option is actually the best one too.. cheers..

 

[An drew]

You should park it under the frog.

 

[diver-hloc]

Not too much spare $$$ that could put aside...

 

[kei1309]

i park it at the camera shops

 

[9V-Orion Images]

Dump all into CPF Special Account for minimum of 4% interest per annum. Our dear government will help to make the best use out of your finances with their superb money sense.

Thank you for contributing towards nation building.

 

[catchlights]

 

[Blur Shadow]

If there are no risky investment, one will simply invest in a risk-free asset and earn the risk free rate. I don't understand the question at all.

 

[ricohflex]

Please park here. They are waiting to welcome you.

Photo credit: Larry Loh / CNN Go

 

[devilry]

Money are meant to be spent, not saved... All my spare money are spent on camera lenses

 

[Sion]

If no risky investment, where to park money?

Let her park it for you: :bsmilie:

 

[ArchRival]

I put my money under my bed. The interest rate there is ~5%.

 

[CasualBear]

i park it at the camera shops

Agreed..

 

[ManWearPants]

Donate it to charity since it is spare.

List of voluntary welfare organisations in Singapore - Wikipedia, the free encyclopedia

 

[Shizuma]

Too many options.. Pls provide more parameters like time horizon, liquidity needs, any financial knowledge and If possible an estimated figure..
Anything under $20k I would recommend a foreign currency fixed deposit like AUD. Current economic outlook seems like slight upside and the interest is close to a decent 5% which more or less matches inflation. And Fcfd is guaranteed by MAS for figures up to $20k placed in a bank.

err. how up to date is your info? Aussie is facing numerous rate cuts