Mr. Tan,
We just sold our house prior coming to Singapore. We are renting, while waiting for the right time to buy. We have some money in foreign bank (which gives 3.5% fixed deposit) and another 90K sitting in the saving account with almost no interest. I saw the ad in the newspaper from X about emerging market notes, that lock $ 20,000 for 5 years, with 3.3% p.a and give fixed deposit of 2.65%. Do you think this is a good idea? What about unit trust? Which product do you recommend?
After reading some of your articles, I trust you better than agent selling me their products.
REPLY
I am not familiar with this product from X. Normally, I avoid structured products, for the reasons given in this FAQ:
http://www.tankinlian.com/faq/sinvest.html
You can read this FAQ on investment for the long term:
http://www.tankinlian.com/faq/savings.html
For short term investments, you should accept the current low rate of return.
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