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Business ideas.

hofmann

Alfrescian
Loyal
#82
Once you max that 171k FRS, every year you earn $6840 interest doing nothing. It's definitely safer than Hyflux rubbish. :biggrin:

Leave it there for 10 years, you earn $68,840 for doing nothing ...
Yes this strategy makes sense if one has property to pledge towards half the FRS at age 55, then at least the money and interest can be taken out.

If not, only the sums above FRS can be withdrawn at 55.

Very safe, but won't get to see the principal sum if RA less than FRS at 55.

SG saving bonds are another safe alternative with higher liquidity.
 

AhMeng

Alfrescian (Inf- Comp)
Asset
#83
F
Yes this strategy makes sense if one has property to pledge towards half the FRS at age 55, then at least the money and interest can be taken out.

If not, only the sums above FRS can be withdrawn at 55.

Very safe, but won't get to see the principal sum if RA less than FRS at 55.

SG saving bonds are another safe alternative with higher liquidity.
FRS is only $176k in 2019. It will take care of itself once you max it out, the interest earned will take care of all future increases. Just bank your money in there get it out of your system once and for all. No need to visit it until when you are 65. If 65 and you don't need it, then start at 70 even better.
 
#84
If the fools in here have any great business ideas, they wouldn't be spending their whole lives complaining about PAP.

The best idea is to create something that is available as a download, and u just let it run. No inventory or fulfilment shit. The tricky part is figuring out the legal and useful content worth paying to download.
 

RODYK

Alfrescian
Loyal
#85
If the fools in here have any great business ideas, they wouldn't be spending their whole lives complaining about PAP.

The best idea is to create something that is available as a download, and u just let it run. No inventory or fulfilment shit. The tricky part is figuring out the legal and useful content worth paying to download.
U seems to be unhappy with your life.
 

hofmann

Alfrescian
Loyal
#86
F

FRS is only $176k in 2019. It will take care of itself once you max it out, the interest earned will take care of all future increases. Just bank your money in there get it out of your system once and for all. No need to visit it until when you are 65. If 65 and you don't need it, then start at 70 even better.
Yes, for lazy people, it's hard to beat 4% risk free returns for the special account.

But the loss of liquidity in the interim can be quite a set back, especially for younger folks just starting their families.
 

AhMeng

Alfrescian (Inf- Comp)
Asset
#87
Yes, for lazy people, it's hard to beat 4% risk free returns for the special account.

But the loss of liquidity in the interim can be quite a set back, especially for younger folks just starting their families.
Well..You are right....Maybe for the young with family is hard.
But still, if have spare cash, just top it up as much as you can so that you hit the FRS ceiling as young as you can and no need to worry in future...
 
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