Photo: Unsplash/
Patrick Langwallner (for illustration purposes only).
As Covid-19 pandemic restrictions ease and industries open job opportunities, more Malaysians are being enticed to work elsewhere due to higher pay.
However, this is causing a serious local manpower crunch, and Bloomberg Opinion writer Daniel Moss points out that it’s particularly problematic because it is Malaysia’s top talent who are choosing to work in Singapore.
Mr Moss, who writes about different issues facing Asian nations, pointed out in a June 29 piece the irony of Malaysia’s economy coming to life at a time when many are choosing to work elsewhere.
“To graduate to the next tier of prosperous economies, Malaysia must staunch the flow of talented citizens abroad.”
He further explained that Malaysia is currently experiencing shortages on two fronts: those who are highly-skilled looking for greener pastures, as well blue-collar workers in short supply due to pandemic border closures and a hiring freeze.
Nevertheless, there are some Malaysians, however, who are opting to work close to home.
The Star recently interviewed several Malaysians who had formerly worked in Singapore who, after the long separation from their families due to Covid, is staying put for now despite the lure of higher pay.
These workers are opting for local jobs instead.
Tan Sheau Hui, 48, a business systems analyst who worked in Singapore for almost three decades, resigned, so she could be with her family.
Fortunately, the Melaka branch of the firm that she worked for in Singapore offered her a job shortly afterwards.
One reason why she decided to stay is concern over borders closing again in the future.
“Although I am now working in Melaka and not living near my family in Johor Bahru, at least I know that in case of any emergency, I can still make my way back home.
That was not the case for me during the pandemic, as I could not simply travel back to Johor from Singapore,” The Star quotes Ms Tan as saying.
Bloomberg’s Mr Moss pointed out that while Singapore is also experiencing a labour crunch, Malaysia appears to be facing greater challenges as it “faces a brain — and brawn — drain, driven by hard-to-extinguish racial preferences that favour ethnic Malays at the expense of minorities.”
He quoted a 2021 World Bank report that said that one-third of Malaysia’s emigrants are highly educated and skilled, who “leave the country for lack of opportunities.
“Malaysia has long aspired to join the ranks of advanced economies and proudly paraded some of the baubles of such status: a domestic auto industry, the world’s tallest building and so on. It would do well to focus on less jazzy but vital components of success, like a labor market that can drive development in coming decades, not a relic of the go-go years of the late twentieth century,” he added. /TISG
If you were parents who owned a white car, would you let your kid/s write all over it?
Maybe the answer depends on how talented the kids are, because hey, no one wants to discourage a Leonardo da Vinci in the making, amirite?
On the other hand, does anyone really want to drive to work (or anywhere else for that matter) in a vehicle with rainbows, birds, and multicoloured squiggles all over it?
So many unanswered questions. We’ll let you decide.
The car can be seen in a now-viral TikTok video from @adventurefinds, who apparently specializes in “Finding Adventure and Simple Pleasures in Singapore and Beyond.”
It has now been viewed nearly 100,000 times.
The voice-over on the video says, “What a loving father would do… Are you a loving father?”
It shows a white car with “art” all over it—from bonnet to trunk and both sides in between.
Some drawings are identifiable, some are tic tac toe games, but most are just scribbles.
Nevertheless, some netizens were charmed by it.
Some, however, were not.
“Can buy car cannot afford whiteboard,” wrote one commenter.
One hoped that the marker used in the “artwork” was at least washable.
“This is not an act of a loving father but a father with no discipline,” wrote one commenter.
VIDEO | Two uncles bloody fight at Bukit Merah kopitiam, riot police activated
Photo: FB screengrab/Patrick Tan
Videos of a fight between two men in a coffee shop have gone viral online; one used nearby plastic chairs to defend himself, while another attacked with a knife.
“Bukit Merah!” wrote Facebook user Patrick Tan on Wednesday (June 29), referring to the location of a fight between two men.
Customer waits 2 hours for Foodpanda order, Foodpanda cancelled order because customer didn’t pick up phone, but customer says no missed calls received
A Foodpanda customer waited two hours for her dinner to arrive and ended up with a cancelled transaction after customer service tried contacting her for redelivery multiple times to no avail. However, the customer never got any calls even though her registered number was correct.
“S**tty customer service, s**tty delivery service, don’t say I never think of rider hor. My address is correct one, phone number also correct, wrote a disappointed Jolin Aurora Cheng in a Facebook page Complaint Singapore post on Thursday (June 30).
Grab driver uncle in gas mask apologises with “I can’t breathe” sign
Photo: TikTok screengrab/@tofububblez
“Thank you uncle. #Iquit,” wrote TikToker @tofububblez after riding in a Grab vehicle where it had a sign that posted warnings about the risks smoking poses to both smokers and those exposed to second-hand smoke.
In another sign, the driver explained that he is “very sensitive and allergic” to smoke and other strong smells such as perfume or mothball odours.
Ah Girls Go Army’s XiXi Lim responds to fat-shamer girl’s continuous attacks, netizens get inspired by XiXi’s positivity & grace
Photo: IG screengrab/ xixilimofficial
Actress XiXi Lim dealt with class and grace with a fat-shamer who slid unwelcome messages into her DMs.
Ms Lim’s responses to a commenter who goes by @4o7j1h6w2m9x and who made numerous malicious remarks about her size were also noticed by the media, and the actress, sharing one of the stories on social media, expressed her gratitude.
A nurse attacked a 14-year-old boy sexually at a party while intoxicated, a court heard in the U.K. They allegedly drank in the nurse’s backyard.
The Nurse, Katie Barrett, 40, served the boy Strongbow cider and shots of Limoncello. She then allegedly said, “Come here, baby, I want you to f**k me.”
Before assaulting him at the VE Day celebration in Camberley, Surrey, the nurse reportedly remarked to his father, “Don’t worry, I’m not trying to seduce your kid.”
But she brought him upstairs to her bedroom and allegedly sexually groped him.
The jury was informed that she used alcohol to molest the young boy during a street festival in Camberley, Surrey, in May 2020.
It’s said that before touching the boy’s genitalia, she gave him a limoncello injection.
Charges of non-penetrative sex with a boy are denied by Barrett, WSTPost reported.
1700 sexual predators
According to statistics, nearly 1,700 sexual offenders who were first convicted but spared prison went on to commit similar offences.
With such figures out there, there are chances that Barrett could face a jail term.
The perpetrators of rapes and sex attacks on both adults and children were repeat offenders.
Between 2016 and 2020, there were 1,688.
“With sex attacks, non-custodial punishments should be the exception and not, as it seems to be, more the norm,” said David Spencer of the Centre for Crime Prevention, reports The Sun UK.
These decisions are made by impartial judges, according to a government official.
New poll: Singaporeans increasingly worried about cost of living; support Lawrence Wong but not necessarily PAP 4G
Photo: AFP
A recent survey is showing that Singaporeans rank high costs of living and climate change among their top five concerns.
Additionally, while Prime Minister-in-waiting Lawrence Wong appears to enjoy the support of many, respondents did not quite extend this to the rest of the ruling People’s Action Party’s 4G, or Fourth Generation, of leadership.
Workers’ Party to ask Tan See Leng questions on increase of CPF Basic Retirement Sum and long-term inflation assumptions
FB Screengrab: The Workers’ Party
For the Parliamentary sitting on July 5, Louis Chua of the Workers’ Party plans to ask the Manpower Minister questions on the CPF Basic Retirement Sum (BRS).
On Wednesday (Jun 29) the party shared the Parliamentary Questions filed for the sittings on July 4 and July 5.
VIDEO | 2 men claiming to be ‘student volunteers’ ring Hougang HDB resident doorbell after midnight for donations
Photo: Video screengrab
A man received an unusual visit past one o’clock in the morning recently, as two male individuals rang his doorbell and claimed they were raising money for charity. The man believes they may have been scammers and warned the public about their actions.
A video submitted to crowdsourced news site Stomp first shows the two men standing and smoking outside the unit, located at Hougang Street 51. They then leave, taking the stairs down from the man’s floor, but additional CCTV camera footage shows them standing in front of the unit again for some seconds after ringing the doorbell. A woman opens the door.
Actress XiXi Lim dealt with class and grace with a fat-shamer who slid unwelcome messages into her DMs.
Ms Lim’s responses to a commenter who goes by @4o7j1h6w2m9x and who made numerous malicious remarks about her size were also noticed by the media, and the actress, sharing one of the stories on social media, expressed her gratitude.
She wrote, “I’m well-loved by all of you. Thank you,” on her IG Stories on Wednesday, along with a screenshot of an article on 8Days.sg.
On June 28, the actress, 33, shared some of the messages she’d received from a particular person, many of which referenced Ms Lim’s size.
One message even unkindly compared her to an elephant. In another, the commenter wrote that the actress should “do yourself a favour and start a weight loss programme”.
In yet another, the commenter even wrote that they are not, in fact, fat-shaming and gave the example of British singer Adele, who used to be plus-sized but has since lost a lot of weight.
“Her personality shines through even more now and healthily too. Hmmmph,” the commenter wrote, oblivious to the fact that it’s extremely rude to comment on anyone’s body.
Ms Lim, who is under no obligation to educate the public on good manners, kept her cool and answered the commenter politely, telling them they are “free to have your own opinions on things I post.”
“I’ve mention since day 1 that I can’t stop anyone from targeting on my size since being fat/plus size is a FACT and I can’t hide or change that in a short period of time.
As a plus size girl, I’ve never encouraged anyone to be big/fat or said that IT’S OKAY to be overweight/obese. In fact, I know it’s definitely not healthy and can lead to many health risks in the future.
All I’m saying is while you are working or moving towards your desired goal, you should learn to embrace and love yourself,” she continued.
She added that she has been working toward getting physically fit and that she is doing this for herself, and not for anyone else.
“Everyone is unique and everyone deserves to be loved no matter how you look. Love has no boundaries and everyone is unique in their own way.”
Ms Lim even added, “Lastly, thank you for following me and keeping me in check! Have a great day”.
Not only did her fans cheer the actress on, but she may also likely have won even more people over.
“Thank you uncle. #Iquit,” wrote TikToker @tofububblez after riding in a Grab vehicle where it had a sign that posted warnings about the risks smoking poses to both smokers and those exposed to second-hand smoke.
In another sign, the driver explained that he is “very sensitive and allergic” to smoke and other strong smells such as perfume or mothball odours.
He is seen in the video wearing gloves and not an everyday mask, but what appears to be an actual gas mask.
“I can’t breathe,” the sign, which also apologises to passengers for the inconvenience, says.
Passengers must thus ride with the windows open.
Another sign shows the comparison between healthy pink lungs and diseased black lungs as a further warning to keep not only our airways but those of our loved ones, healthy.
The TikToker added in the comments that the uncle is very nice.
Other commenters pointed out the next-levelness of his mask.
Another expressed admiration for the driver for keeping on working despite his health issues.
Many netizens, however, sympathized with the driver.
Others may have found the signs to be a bit much, however.
A disappointed Foodpanda customer recently took to social media to express her frustration after facing a harrowing experience with the food delivery platform’s pickup service.
A Foodpanda customer waited two hours for her dinner to arrive and ended up with a canceled transaction after customer service tried contacting her for redelivery multiple times to no avail. However, the customer never got any calls even though her registered number was correct.
“S**tty customer service, s**tty delivery service, don’t say I never think of rider hor. My address is correct, phone number is also correct, wrote a disappointed Jolin Aurora Cheng in a Facebook page Complaint Singapore post on Thursday (June 30).
Ms. Cheng ordered a meal through Foodpanda on June 29 at 9 pm. Come 9:59 pm, the order’s status changed to “delivered.”
They opened their front door and found nothing. “Driver didn’t give proof of hanging it as well,” she noted.
Ms. Cheng then contacted customer support and was told they would redeliver the item in 15 minutes.
Still, nothing arrived. When she contacted Foodpanda once more, the operator informed her that they couldn’t reach her, so they canceled the re-delivery.
“I had no missed calls, nothing from them, and my phone number was correct, so I asked for it again, and they told me they would arrange it.”
Another 15 minutes passed, and Ms Cheng still didn’t get her food. The operator had the same reason, wherein they couldn’t contact her. The order was eventually canceled.
“Foodpanda, is this a joke to you? I waited two hours for my food to come and for you to spin me around like I was a joke to you,” wrote Ms Cheng.
She added that the “best part” was that the refund for her order would take 14 days.
Ms Cheng said in an update that Foodpanda called her again at 11:40 pm, although it was an automated call asking to rate their service. She received the same call twice.
Then at midnight, a customer service personnel reached out, insisting they had called her, but she didn’t pick up the phone.
Ms Cheng asked if they had chat records, but the operator “kept insisting” it was her who didn’t answer the call.
“I got agitated and guess what, the customer service personnel said, ‘What’s your problem?'”
The operator allegedly shouted at Ms Cheng and said, “No, you listen to me,” while she explained what happened.
“I told her I was recording the call, and she changed her tone to a nicer tone,” said Ms Cheng.
Members from the online community commented on going through similar experiences with ordering food for delivery.
“I Kena the same thing on June 17,” said Facebook user Henny Ratna who ordered from Foodpanda.
He also received the “delivered” status, but nobody arrived. The rider “probably stole our food,” he said, noting that the rider couldn’t be contacted afterward.”
“Initially, their customer service didn’t even wanna refund me, but I fought for the refund. Anyhow, wanna cheat people’s hard-earned money? Till now, I haven’t even received my refund.”
“Foodpanda‘s service has gone bad nowadays. It’s becoming common nowadays,” noted Facebook user Priya Latha.
An illegal U-turn attempt at Hougang Street 91 resulted in a major accident involving a Renault and Mercedes.
Despite the double white lines and the two single-lane roads, the Renault still tried making a U-turn, which ended in a costly accident.
Photos of the incident were posted on Facebook page ROADS.sg by netizen Kenneth Wong, on Wednesday (June 29).
Photo: FB screengrab/ROADS.sg
From one side, the Renault’s right tyre was completely dislodged. The collision also caused the vehicle’s airbags to activate.
Photo: FB screengrab/ROADS.sg
“Wow! How it managed to crush until this state? Almost like right to right head on!” commented Facebook user Aik Peng.
Another photo showed the Mercedes’ airbags had also been deployed due to the collision.
Photo: FB screengrab/ROADS.sg
A Singapore Civil Defence Force ambulance and a stretcher were spotted at the scene.
Photo: FB screengrab/ROADS.sg
Members from the online community noted this was quite an aggressive U-turn attempt for the Renault’s front tyre to have dislodged.
“Big impact. Mercedes maybe travelling quite fast didn’t anticipate the antics of the Renault driver,” added Facebook user Outback.
Meanwhile, Facebook user Gwen Ng highlighted that there was a designated U-turn slot about 300 metres up ahead; hence the incident could have been averted.
“Sometimes I don’t even understand what’s going on with their pathetic mind… causing inconvenience to the public, own wallet bleeds,” said Facebook user Kenichiro Chan in a comment that others might also be thinking.
Road users are advised to follow traffic rules and practise extra caution to avoid such accidents. /TISG
The Singapore Savings Bond (SSB) is a bond fully backed by the Singapore Government. No capital loss will be incurred and you can always get your investment amounts back. The SSB is a long-term bond offering step-up interest, meaning that the longer one invests in it, the higher the interest income. It is also flexible, and one can exit the SSB at any time without any penalties.
The SSB has a step-up interest rate system, where the interest rate gets progressively higher for each year of funds staying invested in the bond. This means that the longer you remain invested in the SSB, the higher interest rates and average yearly returns you will enjoy. For a better understanding of step-up interest, head over to Dr Wealth for a comprehensive explanation of SSB’s interest system.
Features of the SSB
1. Very Minimal Risk
The Singapore Government’s credit rating by Moody’s, S&P, Fitch and R&I are Aaa, AAA, AAA and AAA respectively, which means that the Singapore Government’s investment offerings of SGS bonds, T-bills and Savings Bonds are some of the safest investments to hold, with a very low risk of default, and high creditworthiness.
With near-zero risks of losing your money, the SSB can be a good way for Singaporean investors to diversify their investment portfolios to manage overall risk. It is also a good investment to hold for more conservative investors with its provision of relatively good returns considering its low risk.
2. High Liquidity and Flexibility
Investors may wonder what the difference between SSB and fixed deposits is since both are low in risk. Well, here is where the shining point of the SSB comes through – investors can exit the SSB without any penalty for early redemption!
Unlike fixed deposits where a penalty fee is usually charged for premature withdrawal, the SSB allows investors to extract their funds anytime, with a waiting period of 1 month. At the initial stage of investing, there is also no need for you to decide on the intended period and duration you wish to invest for. This gives you an opportunity to use the SSB investments as a sort of rainy-day fund, as the money invested can always be taken out anytime should unforeseen circumstances occur.
3. Ease of Investing in SSB
The SSB is also one of the easiest and most accessible investment bonds to invest in. Unlike many other bonds or investment instruments which require you to sign up for accounts on specific trading platforms in order to gain access to certain markets, the application process for SSB is much simpler.
Any individual above the age of 18 is eligible to apply for the SSB. All you need is a local bank account (DBS/POSB, OCBC, UOB) and a CDP (Central Depository) account that is linked to the local bank account. Investors can also invest in the SSB via either cash or SRS.
Simply scroll down for a step-by-step guide on how to start investing in SSB!
4. Low Minimum Amount
The investment amounts for SSB range from a minimum of S$500 to S$200,000, and the investment sum should be in multiples of S$500. With such a low entry point of S$500, the SSB does make for a readily accessible investment opportunity, especially for beginners and conservative investors.
5. Non-Transferrable
SSB is non-transferrable and cannot be traded in the open market, traded on the Singapore Exchange or pledged as collateral.
Only in certain situations, such as the death of the bondholder, can the SSB be transferred to the rightful beneficiaries under the bondholder’s will or under the intestacy law.
6. Relatively Low Interest Rates
At an average yearly return of 2.53% for a tenure of 10 years, the SSB may not have the highest interest rates and returns for an investor looking for high capital gains. However, the return rates have been steadily increasing over the past few years as the economy is bouncing back. An average yearly return of 2.53% is close to the peak in 2018-2019.
Additionally, coupled with its very minimal risk, the SSB’s rate of return could already be seen as rather ideal.
Illustration of SSB July 2022 Interest Rates
This month’s bond, SBJUL22 GX22070T, which has an Issue Date of 01 Jul 2022 and a Maturity Date of 01 Jul 2032, will have an interest rate of 3.00% and an average yearly return of 2.71% if an investor holds the bond for 10 years.
This is the highest return in the past few years, surpassing even the rates of pre-covid 2019, which signals to investors a healthy recovery of the Singaporean economy.
The below table illustrates the interest % for investors who are invested in the SSB for the specified number of years.
For example, if you have invested a certain amount, say S$1,000, into SSB and redeemed it after 1 year, the interest on the S$1,000 would be 1.69%, and your average return that year would also be 1.69%, meaning that the amount you can get back would be approximately S$1,016.90. This table applies to the SSB with the issue date being 01 July 2022, SBJUL22 GX22070T.
If you are interested in investing in the SSB, and wondering how much returns you can get for your desired investment amount, feel free to navigate to this nifty calculator for easy visualization of your future yearly earnings.
Simply select the month of bond issuance, then input the amount you would like to invest. The calculator returns the yearly payouts depending on the cases where you hold to maturity or make a decision to redeem early.
Alternatives to SSB
How does the SSB compare to other alternatives? Here we have a chart to illustrate some of the key differences between the SSB for July 2022, a Fixed Deposit Account offering one of the highest interest rates and returns, as well as the Singapore Government Securities (SGS).
From the above, we can see that the SSB offers both higher interest rates at 2.71% and a much lower minimum deposit amount, at S$500, than the Fixed Deposit Account which has an interest rate of 1.33% and a minimum deposit amount of S$20,000. However, the tenure for the SSB is also much longer, at 10 years, as compared to the tenure for the Fixed Deposit Account which is 15 months.
SGS, similar to SSB, is also a type of government-issued bond issued by the Singapore Government. There are various categories of the SGS, each with different tenures, interest rates and coupon rates. Some key differences between SGS and SSB are as follows:
1) SGS can be funded by Cash, Supplementary Retirement Scheme (SRS) funds or CPF Investment Scheme (CPFIS) funds, unlike the SSB which does not support funding by CPFIS funds.
2) SGS is transferable and can be traded on the secondary market – at DBS, OCBC, or UOB branches; or on SGX through securities brokers.
3) No early redemption of SGS is allowed unless SGS is sold on the secondary market.
The fixed income investment vehicles as above are all viable options for any investor. Depending on your risk appetite, desired tenure and preference for liquidity, any of the alternatives could be a good addition to your investment portfolio.
Step-By-Step Guide on Investing in SSB
Decided to invest in the SSB but not sure how? We have all the steps and what you need laid out below so that you can invest in SSB easily and on the go!
Any individual can apply for the SSB. However, you need to be 18 and above in order to have a Central Depository (CDP) account, which is required for the application.
A new SSB is issued on the 1st business day of each month. The minimum amount to invest is S$500 and the maximum is S$200,000.
There are 2 simple ways to apply – either via Cash (DBS/POSB, OCBC, UOB ATMs or Internet Banking and OCBC’s mobile banking application) or via Supplementary Retirement Scheme (SRS) by the internet banking portal of your SRS operator.
By Cash
1. You Will Need:
a) A bank account with DBS/POSB, OCBC or UOB.
b) An individual CDP Securities account with Direct Crediting Service (DCS) activated.
2. Apply either via ATMs or Internet Banking Portals.
a) Log in to your respective bank’s internet banking, ATM, or OCBC’s mobile banking application. Do remember to have your CDP account number with you.
b) Once you apply, the amount invested will be deducted from the bank account tied to your ATM card or internet banking account.
c) A $2 transaction fee applies for each SSB application request.
Do note that making the SSB application request does not equate to having a guaranteed allotment of the SSB.
3. SSB Allotment Results
a) MAS will allot the latest SSB to the applicants on the 3rd last business day of each month (Allotment Day). You may check the application results on MAS’ website at 3pm on the Allotment Day.
b) The SSB will then be issued on the 1st business day of the following month.
c) CDP will notify you by mail, of the amount of SSB that has been allotted to you. You may also choose to check your allotment and holdings through the CDP internet service or by calling 6535-7511.
4. Refunds for Partially or Non-Filled Applications
a) You may not be allotted the full amount you applied for, as there is a possibility that in a particular month, the total SSB application amount exceeds the total SSB amount on offer.
b) The excess cash will be refunded by the end of the 2nd last business day of that month.
c) Take note that the $2 transaction fee charged by the bank is non-refundable.
5. Interest Payments
a) Interest will be paid into the bank account linked to your CDP account.
b) It will be paid out every 6 months, on the 1st business day of each month.
c) The cash payments will be reflected in your CDP statement.
By SRS
1. You Will Need
a) An SRS account (you can open an SRS account by visiting one of the three SRS operators (DBS/POSB, OCBC, UOB).
2. Apply via Internet Banking Portals
a) Apply for SSB via the internet banking portal of your SRS operator.
b) The SRS funds will be locked or earmarked when you apply.
c) There will be a $2 transaction fee charged for each application request.
Take note that application requests cannot be amended and cancelled. SSB also cannot be applied for at the bank counters.
3. SSB Allotment Results
a) MAS will allot the latest SSB to the applicants on the 3rd last business day of each month (Allotment Day). You may check the application results on MAS’ website at 3pm on the Allotment Day.
b) The SSB will then be issued on the 1st business day of the following month.
c) Your SRS operator will notify you by mail, of the amount of SSB that has been allotted to you. You may also choose to check your allotment and holdings with your SRS operator.
b) It will be paid out every 6 months, on the 1st business day of each month.
c) The cash payments will be reflected in your SRS statements.
If you are planning to buy in the SSB this month, be sure to take note of the below application and redemption timelines. The closing date for the July 2022 SSB will be at 9pm on 27 June 2022.
How to Redeem
If you already have holdings of SSB and are wondering what the process is like for redemption, feel free to refer to the below steps, whether you want to redeem your SSB or hold it till maturity.
Hold To Maturity
When you have held your SSB for the full term of 10 years, the principal amount and the last interest payment will be credited into your bank account (cash applications) or your SRS account (SRS applications).
No action is needed and there will not be any $2 bank transaction fee charged.
Early Redemption
You can redeem your Savings Bonds in any given month before the bond matures, with no penalty for exiting your investment early.
Early redemption of SSB before its maturity will not result in any penalty being imposed.
1) If you have made a cash application for your SSB, simply login to DBS/POSB, OCBC, or UOB internet banking or ATMs, or OCBC’s mobile banking application.
2) If you have made an SRS application, log in to the internet service provided by your SRS operator.
3) Submit the early redemption request by the closing date. You can redeem in multiples of S$500, up to the principal amount. You can redeem more than 1 bond every month.
The Redemption Timeline is as follows, with the important dates highlighted for your attention, should you wish to make an early redemption of your SSB.
Who Should Invest in the SSB?
Anyone can invest in the SSB, as it undoubtedly offers many benefits for different groups of investors.
1. Peace of Mind with Low Risk of Losing Money
You may be an investor desiring high flexibility and liquidity, especially if you are a retiree. The SSB being an investment bond having nearly no risk would be a great choice for you, lending you peace of mind as it secures your capital and maintains its value.
2. Ability to Access Funds Anytime
Deciding where to park your money is never easy. With the SSB offering the option to redeem and access your funds within a month without any penalty, it makes for an ideal rainy day fund for the more conservative investors.
3. Acts as a Source of Risk-Diversification
For active investors, allocating some funds to SSB could help you hedge against the volatility and risks associated with stocks and other investment classes.
Kick-Start Your Investment Journey
Now that we have a fuller understanding of SSB, you might want to continue the lookout for more investment instruments and alternatives! Visit our investments page for tips and beginner-friendly guides for you to kick-start your investment journey! We offer guidance on all things investment-related, such as stocks, bonds, options, forex and a whole lot more!
Passengers must thus ride with the windows open.
Others may have found the signs to be a bit much, however.
