What's a good savings plan for students?
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I have a couple hundred bucks with me now
i think i should start growing my money
what's a good savings plan with returns that is suitable for me? low income as i am a student
i have been looking at some of the NTUC income plans but im not very sure what they are talking about lol
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im nuder some aia shit thingy, where i have to put x amount per month for 5 years, and leave it to rot for another 5 years before it matures. return is slightly less den x2 of total amount put in.
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o sounds pretty cool
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i suggest you concentrate on studying, working or gaining some experiences. if you like to help people make money you can take up business or economic, related subjects. once you have enough capital of your own you can start making and managing money for your own. otherwise just put in the bank.
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hm okayz good idea too
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Open saving account.
Dont touch the account.
Keep pumping in money into the account.
Until when you graduate and working, look for ntuc agent to recommend you any package that will make your money grow.
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eh........ too little for any investment
returns not even enough to 塞牙�
when hit 4 digits then say lah -
Originally posted by FireIce:
eh........ too little for any investment
returns not even enough to 塞牙�
when hit 4 digits then say lah
eh fifi... no ask him invest on Pee member?
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bumpz
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Few hundred too little to invest in anything in Singapore.
Put in bank, bank also deduct you $2 monthly for failing to achieve $500 or $1,000 minimum balance for most accounts.
You can try exchanging foreign currencies (See SELL column at money changer) with the money changer and when the rate is good (see BUY column at money changer) and sell it to the money changer for more money. But you must spot right. LOL... But these few days Singapore Dollar at its lowest. -
wa currency arbitrage
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there are endowment plans where you can set aside about $100/month.
i can do it but i'm not coz' i need the $$ for any rainy day that may come. -
huh i tot exchange with money changer largely is you lugi one?
or exchange with bank better
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Originally posted by Junyang700:
Few hundred too little to invest in anything in Singapore.
Put in bank, bank also deduct you $2 monthly for failing to achieve $500 or $1,000 minimum balance for most accounts.
You can try exchanging foreign currencies (See SELL column at money changer) with the money changer and when the rate is good (see BUY column at money changer) and sell it to the money changer for more money. But you must spot right. LOL... But these few days Singapore Dollar at its lowest.
yeah those stupid rule! -
Originally posted by cactusjack23:
huh i tot exchange with money changer largely is you lugi one?
or exchange with bank better
Must see which money changer. Some are good.
But for currency wise, normally you need to have lots of patience.
I tried once....
Money changer sold to me at 1000AUD to 1050 SIN....
Money changer bought back from me at 1000AUD to 1210 SIN
Total Profit SIN$160...
Took me about 8 months. -
NIce investment!
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haha sounds interesting junyang
still a long way for me to go i dont know a thing about forex -_-
any direction you can gimme on what to read up on etc?
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Originally posted by Junyang700:
Few hundred too little to invest in anything in Singapore.
Put in bank, bank also deduct you $2 monthly for failing to achieve $500 or $1,000 minimum balance for most accounts.
You can try exchanging foreign currencies (See SELL column at money changer) with the money changer and when the rate is good (see BUY column at money changer) and sell it to the money changer for more money. But you must spot right. LOL... But these few days Singapore Dollar at its lowest.don't be ridiculous lah................the spread that these money-changers charge are hundreds of pips apart...........
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Originally posted by cactusjack23:
haha sounds interesting junyang
still a long way for me to go i dont know a thing about forex -_-
any direction you can gimme on what to read up on etc?
Haha... Urm... At the moment I do not see anything interesting. Our currency is dropping these few days like MAD.
You can check out the rates at Yahoo Finance.
Observe for a while and probably you can decide on something. -
Originally posted by As romanista2001:
don't be ridiculous lah................the spread that these money-changers charge are hundreds of pips apart...........
In Singapore, the spread isnt that big.
You go Japan, you get a shock out of your life. =X Their spread is like 30% - 40%...
Yen currency was trading at 52 yen to 1 SIN dollar back in November in Japan when the actual rate is 65 and our local money changer is trading at about 64. -
for few hundred bucks, see how you can get involved in silver..............wait for price to drop back to maybe even below 10 bucks then dump in those hundreds and wait till it goes above 19 bucks............