Saturday, October 11, 2008

Where You Should Put Your Money - Depends On Your Risk Profile

SGDividends have been asked where people should put their money now. It depends.Why? Are you risk adverse or a risk taker?

For the more risk adverse, putting your money in POSB MySavings account is a good choice as you will be able to get an interest of up to 1.5% per annum ( depending on how much you save a month), payable monthly. What SGDividends love about this is that it does not have any Lock-In like Fixed Deposit, so once the dust has settled, you can take the cash out and invest in the stock market. ( See interest table on the below.) The only hassle is that you have to go down to the branch to withdraw your money..but hey, their branches are everywhere!

For the more risk taker investor ( like us), see our artical on sectoral investing.

High Risk High Returns, Low Risk Low Returns, thats life my friend, which makes life so exciting..doesn't it!

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