DBS-Unit Trust + Foreign Currency

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

DBS-Unit Trust + Foreign Currency

Postby kitty2 » Sun Feb 19, 2012 10:09 am

Anyone has any feedback for the above?It appears in today's paper,wonder is ti worth investing.The Aussie interest rate is attractive.

Thanks

kitty2
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Re: DBS-Unit Trust + Foreign Currency

Postby verykiasu2010 » Sun Feb 19, 2012 4:39 pm

foreign exchange losses will eat away the extra interest income from higher rates

zero sum game plus exchange risk
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Re: DBS-Unit Trust + Foreign Currency

Postby KPB » Mon Feb 20, 2012 10:38 pm

I have a small sum of money parked in HSBC multi currency account. Unlike other banks foreign currency deposit, this one requires only a minimum SGD2,000. The catch is interest rate not as high but allows me to have exposure to foreign currencies.

As for unit trust, do consider online platforms such as POEMS, DollarDex or Fundsupermart, etc

KPB
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Re: DBS-Unit Trust + Foreign Currency

Postby kooky83 » Fri Jun 08, 2012 4:33 pm

Foreign currency investment like any other investments has a certain degree of risk, hence the higher interest! I have some extra funds put away in DBS foreign currency account. Given the violatility of the market, I wouldn't choose a long tenor. For starters, I would go with three months, and see how the Aussie dollar performs from there on.

kooky83
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