I did not follow my plan which I was thinking about earlier as I have chosen to buy 200 shares before its CD expires (on Friday) at a price of $108.44. I figured it out that it does not really make a difference so I just secure the shares first. It turns out to be a good decision as it did not drop $3 at XD. (It dropped $2.45 only).
With that, the current configuration of my family's cash reserves is complete with the following.
- 200 shares of Hyflux 6% CPS 10 => $1,200 per year
- 300 shares of DBS Bk 4.7% NCPS 100 => $1,410 per year
- 6000 shares of CapMallA2.15%140121 => $129 per year
- 6000 shares of CapMallT2%b130225 => $120 per year
Thus, my cash reserve is generating about 4% worth of returns compared to 1% in fixed deposits and 0.05% in savings accounts. Of course, the drawback is that I need to withstand the ups and downs of the market price which I figured out to be less than 3% so it should be great for me.
In a low interest rate world, you are getting 4%. Now that qualifies as a great decision!
ReplyDeletefarmland as an investment
What is the reason you invest in Capmall2.15% if the interest rate is only 2% compared to the banks?
ReplyDeleteIs it because of diversification?
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