You have a loving but stupid wife
.He is standing outside and staring at XXX Bank.
Just put money in FD. Safe. But only insured for 50k.
wah lau.. the bank invest simi lan, chui till like that...
Sorry, too lazy to google and you seem knowledgable, insured for 50k is one account or one person.. say if a rich man put 4 x 50k... if kena bank run, is insure one account or all accounts? Assuming all different banks?
There are so many etfs out there that are safe. So, why put money in FD?
silent spokesman for cow peh fund. what his sign says is that it's better to leave your savings in cpf than deposit in triple x-rated bank. it's true. interest from bank only earns you 0.69% while you can get 2.69% from cpf. sinkies are fortunate to have cpf and pap in charge of it. huat ah!
all the best sexvice and advice are on the sbf investment thread.That's why sinkees are doomed for retirement poverty - their investment strategy is to either leave it with Cow Peh Fund or FD. If they do abit of homework, they can do much better.
Eatshitndie, you need to help sinkees ...under your guidance, they will be financially secure in 6.9 years.