Purchase of DBS 4.7% NCPS 100

After thinking through where to park my cash reserve, I have decided to place it in preference shares issued by banks. Here are the reasons.

• Genting is one which I am not looking at due to ethical issues.
• I am looking at companies which are strong and stable. Thus I am not looking at Hyflux. Local banks are better.

With that, I have purchased 300 shares of DBS 4.7% NCPS 100 which will give me $1410 worth of interest annually. This is much better than savings account and fixed deposits.

Of course, the problem lies in liquidity which I figured out that if I sell (at a loss) when I need the money, I can get the money within one week which is fine for me.