Legal ways to make/save money

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I think post here for general discussion.

Do you use fixed deposit or govt bonds?

[氰化钾 KCN]

Started with FD cos that's the only thing my Lao peh bu knows. Then bought some savings insurance plan which I sort of regretted.
Then moved to SSB & now tbills.

Now hard to save money sia. Everything expensive. If I see produce on discount, will buy to cook simple meals. But hor, the ntuc imperfect fellas is kns. Mouldy vegetables still dare to put there sell.

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what is imperfect fellas? a brand?

[Keeptrucking]

i go by the safe way cos i do not know about stocks and stuff. so it would be things like gov bonds and those online banks that offer interest.

but i am more interested in doing something of my own and not having to work for someone and have your fate decided by him or the company.

[氰化钾 KCN]

what is imperfect fellas? a brand?

It's the equivalent of CS reduced to clear items for vegetables and fruits

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do u all know of anything like forced savings every month? so far now only those ILPs

or do you have the discipline to do so every month?

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It's the equivalent of CS reduced to clear items for vegetables and fruits

actually for most of us, unless extremely poor, all these does not result in much savings leh

but if u live near those vegetable distribution centers maybe like pasir panjang or toa payoh... or those fish importing markets/factories

indeed are cheaper, or go JB buy but must 1 time buy for the month and this means must have people to carry or a car

[nyvrem]

no need save huan

PAP every month take 20% of ur celery save for chu

    

[encourageSome1]

do u all know of anything like forced savings every month? so far now only those ILPs

or do you have the discipline to do so every month?

Worse thg to use is ILP.. I got stuck into one when I was newly working and ten yr later it grew 10%..imagine 10000 become 11000
 
Think if I bought the same plan with say for example sp500 or sti.. I think I ll hv some better returns.. u can go seedly website to learn more .. a lot of noobs like us asking similar questions ..

For money I need for rainy day .. eg immediately eg 3-6 months of exp or salary .. put into FD or savings ac

Money u might need in 1 year or 6 MTH can put into t bills for now or money market funds

Money that u need after year 10 can put ssb

Money you can put aside n wait 11 yr and beyond and can afford some gorwth and risk (+30 ~-30%) can invest into etf or world indices / bonds if u know how.. else can check w robot investment companies

Gd night

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Ya ilp rly like not much use. But forced savings for undisciplined people like me maybe got use

[encourageSome1]

Ya ilp rly like not much use. But forced savings for undisciplined people like me maybe got use

I think for dbs and ocbc u can ask the bank to make a monthly savings account for u

Every start of month , u set X dollars to be deducted and put into this mthly saving account

After 3-6 months u can run low this account for investment and leaving only yr emergency fund inside there

Other banks I m not so familiar but all similar  one de la

[default]

I think for dbs and ocbc u can ask the bank to make a monthly savings account for u

Every start of month , u set X dollars to be deducted and put into this mthly saving account

After 3-6 months u can run low this account for investment and leaving only yr emergency fund inside there

Other banks I m not so familiar but all similar  one de la

https://www.dbs.com.sg/personal/deposits/savings-accounts/mysavings-account

like damn little leh?

[encourageSome1]

https://www.dbs.com.sg/personal/deposits/savings-accounts/mysavings-account

like damn little leh?

Yea that is just to put aside compulsory x amount of $ for u

To look at growing yr savings

Can read here for a start

https://blog.seedly.sg/a-beginners-guide-on-how-to-invest-in-etfs-in-singapore/


And

https://seedly.sg/opinions/how-to-pick-the-right-etfs-for-your-long-term-portfolio/