Thursday, July 2, 2009

Gathering at Speaker's Corner in August (3)

25 people have replied to the survey mentioned in this blog. Each person indicated that they will ask a small number of people to attend. Only 1 person is willing to speak.

I need more speakers. If you wish to share your story (with particulars removed to protect your confidentiality), I can get someone to speak on your behalf.

If you like the gathering to be organised, please give your reply here. You can also indicate if you wish to share your story for someone to speak on your behalf.

Best use for electric car

What is the best use of an electric car? Here are my views. I believe that it will occur within the next 5 years.

Invest in Singapore Government Securities

Hi Mr Tan,
What is your view on the SGS (Singapore Government Securities)? Is it worth buying the bond for retail investors like me?
YS

REPLY
The interest rate paid on SGS is quite low, less than 1% per year, but it is safe.

If you can get a higher interest rate from bank deposits (which is guaranteed by the Government), it is better to put on bank deposit. The foreign banks offer higher interest rate and are still guaranteed by the Singapore Government.

If you wish to have a higher return, it is better to invest in a ETF (exchange traded fund). The return may be volatile in the short term, but it should give an attractive return over 10 years or longer.


What is cheating?

Read this article.


Politics of Fear

Singaporeans are a fearful people. What can be done to overcome the fear? Read this article.
Give your views here.

Australia: List the names of underlying securities

Dear Mr. Tan,
The monetary authorities of Singapore and Hong Kong were foolish to approve the toxic products to be sold by financial institution and security firms to retail investor. They both wanted to compete to be financial centre, so they approve these products blindly.

When Australia approved these products to be sold, they insisted that the investment bank list out the names of the underlying securities. If people don't recognized these companies, they will not buy.

ST

Best fixed deposit rates

A reader asked me to post the best fixed deposit rates available in Singapore. As I do not have the time to be doing this research, I have to engage someone to do this research and to pay this person for the time spent.

I hope that FISCA can do this work at a later date. FISCA will also have to pay people to do the work.

I enourage Singaporeans to join FISCA and pay $36 a year as membership fee for FISCA to meet its expenses. Please support FISCA, so that it can take care of your interest. FISCA will be calling for membership in August, when its website is ready.