Comments on: Financial Freedom: Reading and Understanding More about Savings and Investments http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/ Financial freedom, one realistic step at a time. Tue, 07 Feb 2012 18:20:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: panzer http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-268 panzer Sun, 08 Mar 2009 10:41:31 +0000 http://fivecentstencents.com/blog/?p=494#comment-268 Hi Everlearning I am not sure why. But generally, foreign banks tend to offer higher fixed deposit rates to attract depositors as they are not as well know as the local big 3 (DBS, UOB, OCBC.) Be well and prosper. Hi Everlearning

I am not sure why. But generally, foreign banks tend to offer higher fixed deposit rates to attract depositors as they are not as well know as the local big 3 (DBS, UOB, OCBC.)

Be well and prosper.

]]> By: Everlearning http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-262 Everlearning Fri, 06 Mar 2009 01:59:34 +0000 http://fivecentstencents.com/blog/?p=494#comment-262 Could you explain to me why Maybank and CIMB bank offered higher fixed deposits early this year than any of our local banks (DBS, OCBC and UOB)? Could you explain to me why Maybank and CIMB bank offered higher fixed deposits early this year than any of our local banks (DBS, OCBC and UOB)?

]]> By: Panzer http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-261 Panzer Fri, 06 Mar 2009 01:40:45 +0000 http://fivecentstencents.com/blog/?p=494#comment-261 Hi Everlearning It's difficult to find fixed deposits with high interest rates now...Mortgage payers are hit twice, first by rising mortgage interest rates, second by falling savings rates and stock market. Hard to move against the tide of lowering interest rates on savings and poor stock market performance. <abbr><em>Panzer’s last blog post..<a href="http://singapore-fixed-deposits.com/wordpress/2009/03/02/hlf-silver-40-plus-fixed-deposits-rates-decline/" rel="nofollow">HLF Silver 40 Plus Fixed Deposits Rates Decline</a></abbr></em> Hi Everlearning

It’s difficult to find fixed deposits with high interest rates now…Mortgage payers are hit twice, first by rising mortgage interest rates, second by falling savings rates and stock market.

Hard to move against the tide of lowering interest rates on savings and poor stock market performance.

Panzer’s last blog post..HLF Silver 40 Plus Fixed Deposits Rates Decline

]]> By: Everlearning http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-259 Everlearning Thu, 05 Mar 2009 06:36:41 +0000 http://fivecentstencents.com/blog/?p=494#comment-259 Hi Panzer Even NTUC Thrift has lowered down the interest rate from 1.5% to 1.2% recently. I don't think any financial institution can beat this rate for the time being. As for fixed deposit rate, it is much more discouraging to park at any bank. Hi Panzer
Even NTUC Thrift has lowered down the interest rate from 1.5% to 1.2% recently. I don’t think any financial institution can beat this rate for the time being.
As for fixed deposit rate, it is much more discouraging to park at any bank.

]]> By: Panzer http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-256 Panzer Wed, 04 Mar 2009 18:22:38 +0000 http://fivecentstencents.com/blog/?p=494#comment-256 Hi LP I believe in "No pain, no gain". The pain comes from spending time and effort in reading up and understanding personal finance and investments. The pain comes from living within your means and being disciplined in savings and investing. The gains come from being able to generate returns that are close to or beat inflation to stay ahead instead of the 0.125% per annum that some banks pay on your savings accounts. At 0.125% per annum, $1,000 grows to $2,000 in 576 years, i.e. many won't be around to see their money double. Be well and prosper. ;) <abbr><em>Panzer’s last blog post..<a href="http://singapore-fixed-deposits.com/wordpress/2009/03/02/hlf-silver-40-plus-fixed-deposits-rates-decline/" rel="nofollow">HLF Silver 40 Plus Fixed Deposits Rates Decline</a></abbr></em> Hi LP

I believe in “No pain, no gain”. The pain comes from spending time and effort in reading up and understanding personal finance and investments. The pain comes from living within your means and being disciplined in savings and investing.

The gains come from being able to generate returns that are close to or beat inflation to stay ahead instead of the 0.125% per annum that some banks pay on your savings accounts.

At 0.125% per annum, $1,000 grows to $2,000 in 576 years, i.e. many won’t be around to see their money double.

Be well and prosper. ;)

Panzer’s last blog post..HLF Silver 40 Plus Fixed Deposits Rates Decline

]]> By: la papillion http://fivecentstencents.com/blog/2009/03/03/financial-freedom-reading-and-understanding-more-about-savings-and-investments/comment-page-1/#comment-255 la papillion Wed, 04 Mar 2009 15:08:12 +0000 http://fivecentstencents.com/blog/?p=494#comment-255 Alas, there are too many people who wants extraordinary returns yet they do not want to put in extraordinary effort, and are thus doomed to be extraordinary disappointed. <abbr><em>la papillion’s last blog post..<a href="http://bullythebear.blogspot.com/2009/02/value-of-time.html" rel="nofollow">Value of time</a></abbr></em> Alas, there are too many people who wants extraordinary returns yet they do not want to put in extraordinary effort, and are thus doomed to be extraordinary disappointed.

la papillion’s last blog post..Value of time

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