Is saving money in bank considered an investment? - Page 3 - Singapore's Online Community

**Wize** · 10-11-2007, 02:10 PM

Actually, can also use money in CPF account to invest if not enough savings in the bank.

**janelle_** · 10-11-2007, 02:35 PM

	Quote:			Originally Posted by djchris
	I tend to agree. Before wealth accumulation (investing), one should have already managed wealth protection (insurance and savings). As a rule of the thumb, one should have savings of 6 months living expenses before starting to invest.

Thank u for agreeing with me.

	Quote:			Originally Posted by Wize
	Actually, can also use money in CPF account to invest if not enough savings in the bank.

Yea, I do CPF investment too. All sorts of investment including sports wagering.

I dont really know much details about CPF investment thingy. It's manage by my good buddy.

**sirlp01** · 13-11-2007, 08:01 PM

no. investment there;s potential gain and potential loss, here only got 1 aspect.. well if u see it as 'safe'. the low payback is putting ppl off. putting money in bank is a misallocation of resource.

**yellowcoral** · 14-11-2007, 10:21 AM

sorry, so many ppl off the track, i thot mrleech is talking abt puuting money in bank?

no, u dun need intro any insurance or anything to me, coz yr paper is not enough to write the list of insurance i have.
endowment and IPL have their own gd and bad points.
when market is gd, IPL is gd but if market is bad endowment is gd.
if there is recession like '97, will u still advise yr client to buy IPL when it means thowing money away?
if it takes 6-8yrs for IPL to cash out, i think it's bad, really bad. my IPL i can cash out in 1 mth and earn 20% per month in this gd market time. wat does yr IPL offer?

FD = no gd. it offer little interest and it lock yr money.
u buy Tbill u get 2-3% which is better than FD. this i only find out recently.

but mrleech, when u say saving in bank, u mean ordinary saving? FD? SD?
all of above?

this is no thread for investment talk, it's bank investment talk.
But for me, i feel should spread risk.
eg. put in bank, insurance, IPL, UTs, shares, FD etc
in bad times, who knows when it's gonna happened, at least insurance, FD, Tbill is gd
in gd times, IPL, UTs, shares is gd

**Thinker** · 16-11-2007, 08:16 PM

No...it's called conservative lol :biggrin4: Myself I don't put too much cash in the bank la...What for? Scared they all don't know I got moolahs stashed there?? No way I put my money somewhere safe and also exciting at the same time :love4:

**kiasu_sporean** · 16-11-2007, 08:26 PM

For me, whether or not bank savings is considered an investment depends primarily on the expected inflation rate. Essentially, if you interest does not cover the inflation, then your money is eroding in value and that will not qualify as an investment by definition and should in fact be deemed as an expense incurred as a tradeoff for having liquidity.

Singapore bank savings interest rates are pathetic and that's why our local banks are making so much money!!

**Kate** · 22-11-2007, 09:03 PM

Nope, not an investment at all

**MelvinLee** · 22-11-2007, 09:04 PM

Not really, but i think saving in bank is to keep when u turn old like 60+ years old, can take out all the money in bank to enjoy rest of life

**Shyraiiyann** · 22-11-2007, 10:41 PM

If one day i strike toto 5 million, [sounds like a fat hope, but it means, if one day i have a sum of money lah]I will keep in bank and earn interest,
besides, the best investment is one that will make money, as long as dont minus can lers.

**Leocravensky** · 22-11-2007, 11:05 PM

	Quote:			Originally Posted by yellowcoral
	sorry, so many ppl off the track, i thot mrleech is talking abt puuting money in bank? no, u dun need intro any insurance or anything to me, coz yr paper is not enough to write the list of insurance i have. endowment and IPL have their own gd and bad points. when market is gd, IPL is gd but if market is bad endowment is gd. if there is recession like '97, will u still advise yr client to buy IPL when it means thowing money away? if it takes 6-8yrs for IPL to cash out, i think it's bad, really bad. my IPL i can cash out in 1 mth and earn 20% per month in this gd market time. wat does yr IPL offer? FD = no gd. it offer little interest and it lock yr money. u buy Tbill u get 2-3% which is better than FD. this i only find out recently. but mrleech, when u say saving in bank, u mean ordinary saving? FD? SD? all of above? this is no thread for investment talk, it's bank investment talk. But for me, i feel should spread risk. eg. put in bank, insurance, IPL, UTs, shares, FD etc in bad times, who knows when it's gonna happened, at least insurance, FD, Tbill is gd in gd times, IPL, UTs, shares is gd

You'll be amaze how much people earn when they start investing during a recession be it unit trust or ilp or stocks. Simply because theres this theory called dollar cost averaging. And if you do cats and dogs investing, you'll generally be pretty safe.

**Leocravensky** · 22-11-2007, 11:06 PM

	Quote:			Originally Posted by Shyraiiyann
	If one day i strike toto 5 million, [sounds like a fat hope, but it means, if one day i have a sum of money lah]I will keep in bank and earn interest, besides, the best investment is one that will make money, as long as dont minus can lers.

I guess ur refering to private banking that'll give u 4% of returns generally.

**djchris** · 22-11-2007, 11:08 PM

The bank interest is only worth it if you have a huge sum of money. For example, Bill Gates's wealth earns him ard 60 over million, just by purely interest, if he places everything in the bank.

**djchris** · 22-11-2007, 11:09 PM

	Quote:			Originally Posted by Leocravensky
	You'll be amaze how much people earn when they start investing during a recession be it unit trust or ilp or stocks. Simply because theres this theory called dollar cost averaging. And if you do cats and dogs investing, you'll generally be pretty safe.

Dollar cost averaging doesn't mean people start investing during market downturns or recessions. It just requires them to continue accumulating on their investments to average down their prices.

But frankly, not many will dare to catch a falling knife unless they really know what they are doing.

**Leocravensky** · 23-11-2007, 10:46 AM

	Quote:			Originally Posted by djchris
	Dollar cost averaging doesn't mean people start investing during market downturns or recessions. It just requires them to continue accumulating on their investments to average down their prices. But frankly, not many will dare to catch a falling knife unless they really know what they are doing.

Yup, I know, just trying to say that dollar cost averaging is viable when someone starts to invest during the reds as opposing to what yellowcorol mention that when the markets is down dun invest.

If investing in a globally diversified unit trust or have a diversified portforlio of funds/investments, I personally feel that the reds are actually to the advantage of the investor when dollar cost averaging is applied.

For stocks.... it depends on what stocks ur picking on and I'm not qualified to give any views on stocks yet. I guess the best person to ask in this forum should be lautouzhi. :rock:

**yellowcoral** · 23-11-2007, 01:21 PM

well... again... i thought TS is talking abt bank saving???

if u look at my portfolio, u wow, coz i buy during 911, now laughing like mad.
i dun like catching falling knife, it means strinking my money. i prefer safer ground, i have a faint heart.
i do put in money everytime price fall, but not when it keep falling n falling like now.

**kwokhua** · 10-12-2007, 05:37 PM

Definitely not! The interest rate returns for banks in Singapore is pathetic. You are better off putting your money in Unit Trusts, Stocks and Shares. If you are the "play safe" lot, the closest thing that you can have to putting money in a bank is of course to deposit your money in Fixed Deposit of banks. Hope that helps.

Regards.

**Stephen Goh** · 11-12-2007, 03:40 AM

It is consider an investment.

What do you mean by investment...? To me... so long as you are earning money back.

Stocks, bonds, derivatives are also tools of investment so long you make returns and not loss but are more risky if you not sure how it works.

Famous Investor Warren Buffet..say" Invest in what you know best, preserve the capital for sudden opportunties when you truely understand what you are doing." In my own words....hehe

You can learn more about these tools to help improve your investment returns. Thats it.

**stevetan** · 11-12-2007, 11:40 PM

Just for info,Warren Buffet makes his fortune from stock and shares. A pal of mine made more than 60k using just 2k+ playing stock options in US for about 11 months. Cool profit.