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Savings Vs Investment

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.

Re: Savings Vs Investment

Postby zakashi » Tue Mar 14, 2017 1:49 pm

starlight1968sg wrote:
zakashi wrote:
starlight1968sg wrote:The safest is SSB


What is SSB?

I prefer balance of savings and investment.

Spore Saving Bonds


How does it works?

zakashi
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Re: Savings Vs Investment

Postby starlight1968sg » Tue Mar 14, 2017 1:55 pm


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Re: Savings Vs Investment

Postby zakashi » Tue Mar 14, 2017 2:23 pm

starlight1968sg wrote:For SSB, pls see
http://www.sgs.gov.sg/savingsbonds.aspx


Read. SSB is similar to FD. Will consider SSB.

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Re: Savings Vs Investment

Postby starlight1968sg » Tue Mar 14, 2017 2:30 pm

zakashi wrote:
starlight1968sg wrote:For SSB, pls see
http://www.sgs.gov.sg/savingsbonds.aspx


Read. SSB is similar to FD. Will consider SSB.

strictly speaking, SSB is not the same as FD. The former is backed by govt and the interest rate is step up, payable twice a year.

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Re: Savings Vs Investment

Postby Gilian039 » Tue May 29, 2018 11:00 am

One of the biggest questions at the back of my head. Savings or Investment? Concentrating on SAVING rather than minute details of investing, you are stacking the odds in your favor while also freeing up time for the real deal – maximizing your fun in a cash-efficient way.

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Re: Savings Vs Investment

Postby starlight1968sg » Tue May 29, 2018 1:54 pm

Savings give low return; investments are likely to give higher return though come with the associated risk

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Re: Savings Vs Investment

Postby CarolW » Tue Jul 03, 2018 8:21 am

You may lose some or all of the money you invest. You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Investments have the potential for higher return than a regular savings account. Your investments may appreciate (go up in value) over time. Remember: the greater the risk of an investment, the higher potential return or loss of your money.

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Re: Savings Vs Investment

Postby jasminekokoro » Thu Jul 12, 2018 5:07 am

If you are looking at 5-7k, its better to just put in savings. The returns on fixed deposit may be low, but the returns from investment with just 5-7k is not much higher too and its not worth the risk. I would recommend the Singapore Savings Bond.

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Re: Savings Vs Investment

Postby jho48109 » Thu Jul 12, 2018 10:22 am

saving is putting your money aside, typically into a bank account. You generally save for a particular goal, like paying for a car, a deposit on a house or any emergencies that might came up while investing is using some of your money with the aim of making it grow, by assets that might increase in value such as stocks property or shares in a mutual fund.

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Re: Savings Vs Investment

Postby JyTuition » Fri Jul 13, 2018 3:29 am

Do consider the Singapore Savings Bonds. The interest rate has been increasing.

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