I Just Bought $20,000 of Singapore Savings Bond (SSB) Because Rates Could Be Dropping!
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- เผยแพร่เมื่อ 22 พ.ค. 2024
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I believe that Singapore Savings Bond SSB rates are likely going to drop. Today I'd share with you why I've bought some of this Nov 2023 ssb issue and what you need to know.
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0:00 Introduction
1:27 Drop in 10y bond
3:28 Interest rate impact on SSB
5:32 Recycle to get better rates
#ssb #savings #singaporesavingsbond
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In Chapter 3: The NEW savings worlds - you'd see SSB strategies and how to plan for retirement
Should i invest this $79 in SSB? Maybe better return?
Smart move ,boss ! I predict Feds going to pause on 14th Dec FOMC meeting . Hope SSB rate can remain above 3.1% in Jan when Feb tranche is out . So i can draw out some of my excess cpf OA n buy . Every 6 mths collect pocket $ ! We must monitor closely USA 10 yrs treasury bill . Local banks counter kept dropping as investors predict rate peak soon which will affect " net interest margin" profit . Reits slowly creep up . Lucky my wife n i buying keppel reit at $0.795 few weeks ago with cash n Cpf OA. Also Mpact at $1.31 & $1.41.
Thanks and yes hopefully reits sentiment will turn for the good :)
early 2023 months ssb allocation is around 10k. so if coming dec 2023 is also 10k allocation and if someone sells old ssb of 20k and buy new means they might lose the 10k good old reasonably good ssb rate.
In this case yes there is a recycling risk
Need to take out all spare cash and apply maximum cause most likely is the last best ssb for foreseeable future
Let's go 👍
Actually given the current interest rates with the low risk premiums of Singapore denominated investment grade bonds, wouldn't it be better to allocate a larger chunk to long duration SG bond funds?
Hi Fergus, bond funds cant guarantee principal at all times. Not the same free lunch.
Cya around
Hi Josh,
When should we sell our ssb to buy another ssb at a higher rate? how much % increase is needed to be more profitable?
Hi weihern, simplifying it, selling should be before 25th of the month. I guess it should be 0.5% more than worth the effort? Do note it may not be full allocation sometimes 👌🏻
Smash the subs and cya around
$20k might not be fully allocated too, but i am gunning for the same amt too , finger crossed
My gut feeling as $20k is ok for full allocation why I went for it haha
@@joshconsultancy congrats Josh! We were right, zhun zhun allocation
Josh, if already hit full $200k, can still withdraw and replace on this same month? Or must withdraw first then put a new one next month?
Never personally faced this situation yet. I guess must withdraw first then put next one. Do partial withdrawal k. No need to recycle all $200k one shot coz allocation may not get. All the best
Wow you've hit the nail Josh! Results are out and 20k allotment will be given 👌
👍 =)
Inflation in Singapore inched up recently. The G might want to continue to offer higher interest rates to keep money out of the market.
Long term rates look at long term inflation and is decided by market expectations
Its is highly dependent if you are able to get full allocation tor your latest bid
Agree. I think $20k should clear =)
Hi Josh, to sell it. How do we go about it? And also must be at least a year to sell it?
Anytime. Go onto ibanking, key amount you want out
@@joshconsultancy how about selling?
Why is everyone saying us will drop rates soon? Inflation hv to go down to 2% n sustain there before rate cut. So its still early days
Long term rates dropped already as show in charts. I agree its early days
FED is fearful that another rate hike will surely caused a more serious recession hence the “hold” on the last rate hikes. The 2% is the bench mark but as long as inflation is not moving any higher but sustaining at a level FED can live with..rates will hold. There’s signs that FED will decrease rate in March 2024 n as market is forward looking n is trading higher based on this sentiment.
@@david888a The 2% is a hard target and powell says many times he will surely want to bring down inflation to 2%. From the data so far the economy is still v strong.
Therefore if inflation is sticky and dont go to 2%, they will have to hike again. At this point it looks like bringing down inflation to 2% is more impt than trying to avoid a recession that did not happen yet.
@@user-xt5tx5yv9f the 2% might b the hard target but it’s an old n rigid target that in today’s market with higher labour cost..etc is not realistic. Last inflation rate was 3.2 from 3.7 n consensus was 3.3% hence the rate held, 2.5-3% might be the rates acceptable to the FED moving forward…
The problem is likely you will not get fully allocated.
I think $20k good 🙂
What I feel is cost of living is not going to come down that quick. Inflation will remain high and it will become a new normal for SG. For 2024 and 2025.
No fear, can always recycle
@@joshconsultancy Recycle means if it goes up then recycle? Even if Jan2024 SSB, 3 percent, but even if you buy and the new tranche goes up then recycle, otherwise, just keep the 3 percent offered?
The more it is talked about the lesser allocation we will get
Must share 😉
I would think interest rate will move up again. US treasury still need to sell their virtual money to sustain their luxury lifestyle and this time, china, Russia and arab are not helping them. There should be another cycle later and i doubt the interest rate will reduce as what many expert predicting next year which is why SSB drop. with 1.3 trillions need for US treasury , unlikely people would buy their treasury at low rate.
No one knows for sure.. IF it does then recycle =)
I thot SSB for the month of Nov 23 closed on 27 Nov 23 and not 24 Dec 23 at 3.3%?
To clarify Dec 2023 issue closing on 27nov23
Actually why are people applying SSB with like 10k 20k?
The interest per month cannot even pay the handphone bill. Go do delivery even better rate.
I just dont understand what is the concept behind
There’s a difference in active and passive income
Exactly. 20k is an extreme micro investor for passive income. Some ah ma may invest far more than this amount. Dont try get some attention over this, really a turn off.
I don’t understand why you want to buy bond rate circa 3% for 10 years. Can’t you do much better buying blue chip shares with 5% over dividend yield? What about international bonds etf or managed fund? Surely can do better??
Yes I support investing. This is for emergency cash & rebuilding some warchest cash... Hope it explains
ICBC bank offer 3.35% 3 months FD
Thats 3mths. SSB will solve long term interest income k
isnt fixed deposit of 4 percent is higher than SSB?
Ssb locks in long term rates. That’s powerful 👌🏻
Wah lau like dat allocation will be below 10k liao
Got to share 😉
SSB is indeed the closest thing we can get to a free lunch. Just recycled my previous SSB into Dec application. Hope I get it.
Good luck 👍
this free lunch is indeed costly. because if anyone have invested in the S&P500, they are up 13% this year alone instead of 3%. risk premiums are important for investing.
@@Longtermalwayswins im afraid this pov is dangerous. At a different measurement period, it can be easily refuted...
Your advice may result in over-subscribed of SSB, and not every1 will get the full sum applied. ☺
Got to share 😉
Maybe full allocation $30k, idk…
feels like a lot will be applying this round due to the higher rates.
Guess so, I just helped to lift the lid =)
SSB is also scam-resistance.. yell
lol!
I applied $10k 😊
Awesome 😉
I buy YZJ @1.45 and sell at 1.47
Using the same $1500 josh use
I make $15 twice a week
$30 a week over 40 to 50 wks in a year..
That will be $1200 in a year.
you've much to learn...🙏
What the kiasu folks don’t realize is that it’s better to enjoy higher allocation for a slightly less guaranteed rate, cos small allocations can’t gain any meaningful amount of interest anyway. Holding out for the highest rate = 100% oversubscribed. Same for T-bills.. the one right after the record breaker = guaranteed much lower rate 🤣