Eh, you know how the price of cai png keeps going up? Makes you think about your future, right? So, what’s the latest on investments and financial planning in Singapore? This post dives into what Singaporeans are talking about on HardwareZone, from T-bills to the FIRE movement, all from discussions this January 2025. Let’s see what’s up!
What HWZ Insiders Are Saying
HardwareZone (HWZ) forum is like the kopitiam for investment talk. Here are some key takeaways from the discussions:
- T-Bills are still a hot topic: Many are still keen on Singapore Treasury Bills (T-Bills) for their low-risk nature, despite debates about competitive bidding. Some are even using their CPF!
- FIRE movement is gaining traction: More Singaporeans are thinking about Financial Independence, Retire Early (FIRE), not necessarily because they hate their jobs, but to pursue other passions.
- High interest accounts losing shine: Some high-interest options are seeing rate cuts, leading forum users to look for alternatives.
- SSBs are a safe bet but have limits: Singapore Savings Bonds (SSBs) remain popular for their safety, but some feel their limits are too low.
- Peace of mind over maximum returns: Interestingly, some prioritize the comfort of seeing funds in their bank account over chasing higher yields, even if it means lower returns.
What Singaporeans Can Do
Okay, so what can we, as regular Singaporeans, do with this info? Here are a few practical things:
- Diversify your portfolio: Don’t put all your eggs in one basket. Consider a mix of T-bills, SSBs, and other investments that suit your risk appetite.
- Re-evaluate high-interest accounts: If your high-interest account is losing its “sweetness”, explore other options.
- Think about your FIRE goals: Even if you’re not planning to retire early, having a financial independence plan is good for the long term.
- Don’t be afraid to ask questions: The HWZ forums show that many Singaporeans are also learning, so it’s okay to ask and share.
- Prioritize peace of mind: Ultimately, choose investments that let you sleep soundly at night.
Latest Trends & Updates
Keep up to date with these recent developments:
- T-Bill Allotment: The latest 1-year T-bill (BY25100H) applications closed on 22 January 2025. Allotment results were released showing a cut-off yield of 3.04% for a subsequent T-bill auction on 28 January 2025.
- Chocolate Finance Rate Cut: Chocolate Finance reduced their interest rates from 1st Feb 2025.
- SSB Projections: Projections for the March 2025 Singapore Savings Bond (SBMAR25) show an average return of 3.00% over 10 years.
- Singapore Government Bond Auction: A 2-year Singapore Government Bond (NZ07100S) auction on 27 January 2025 had a cut-off yield of 2.82%.
Real Storeis from Fellow Singaporeans
Let’s hear what some Singaporeans on HWZ are saying:
more like planning to make work optional by 40! not that I hate my job, never did since I started working 7 years ago. but I wanna do things that I fully enjoy and at the same time purposeful and even if it’s work, I don’t wanna think about the monetary incentives I can get in return so that it’ll be 100% passion projects.
RoadToFIRE (25 January 2025)
The best is POSB passbook account, feel the safest because cannot access any of my funds via the Internet or phone. Can sleep peacefully every night. Also, it’s a daily joy to queue and update the passbook to see how much balances I have in the account. Best account ever, 100% will recommend.
sglandscape (29 January 2025)
you are so right man. it is my own money. if i like to put it inside dbs savings and earn 0.05% and i believe it is better than putting into tbills, it is my preference, bidding low is not saboing. it could be a strategy. as long as i win, i dont care about saboing.
dork32 (28 January 2025)
They will not increase SSB. They want us to put to RA so that they can lock in the $
vsvs24 (27 January 2025)
References: Continue the Discussion
For more detailed discussions on Investments & Financial Planning, check out these HardwareZone forum threads:
