Financial Stocks Takes A Beating
Due to adverse publicity over the Lehman Brothers saga, DBS stocks have fallen sharply. More than 2 billion dollars worth of value vaporized in a short week or two.
My system had told me to short DBS 3 weeks ago using CFDs. At that time, I think the price was $14 or […]
Popularity: 8% [?]
Regarding the Lehman Brothers saga, and the High Notes and Minibonds issues, one word that stood out was ‘greed’.
When I watched the news last night, one woman admitted that it was greed that led her to put her money there. She was attracted by the 5% interest rate, instead of the less than 1% offered […]
Popularity: 7% [?]
What a rollercoaster week it had been for the financial markets. First, Lehman Brothers take a hit, sending the markets into a tailspin, followed by Merrill Lynch and AIG. Bank stocks in Singapore plunged before bouncing back.
Some of the events affect us. If you have AIA insurance policies, you may have been feeling very worried […]
Popularity: 8% [?]
I’ve been using the various online banking services from DBS, UOB, and Fairpriceplus, supported by OCBC. I always thought that I needed to get the PIN from the bank, so I never used Citibank’s online banking services. However, I wanted to check my account balance and so I found out that it wasn’t that hard I […]
Popularity: 5% [?]
After putting in money in your SRS account to reduce your tax payments, what do you do with it? The agent bank I put my money in offered an extremely low interest rate, to the point of being negligible. If you factor in the inflation rate of 6%, your money would have been lost. One […]
Popularity: 22% [?]
From 1 April 2008 onwards, you will not be able to invest the first $20000 in the ordinary account, and also the first $20000 in your special account. What is the purpose of investing money from your ordinary account (OA)? Well, you will earn 1% more on the first $60000 in the OA and Special, […]
Popularity: 16% [?]
I’ve just received my credit card bill yesterday and realised to my surprise that the bulk of my points were expiring that night! Thank goodness I checked my mail and opened it immediately, even though I was home late. If my points had expired without me knowing, I would be very upset, but I heard […]
Popularity: 8% [?]
Selemat Hari Raya Aidilfitri to all Muslim readers! My friend told me that he had changed $1000 worth of money so that he can give to his younger relatives and his elders. How can he make the money back since he is unmarried and do not have any children?
Muslims are prohibited from engaging in any […]
Popularity: 27% [?]
I decided to do a bit of research and check out which bank offers the best current account with cheque book services. I’ve included DBS, POSB, UOB, OCBC, Citibank, Standard Chartered, HSBC and Maybank. There are some other clauses you need to check, such as how much you will be charged if you stop a cheque […]
Popularity: 18% [?]
Interest rates for New Zealand Dollar at UOB have fallen from 7.6% by 1%. Interestingly, DBS is offering better rates at 7.6%. Usually, UOB rates are better than DBS rates. Anyway, this is still way better than the less than 1% offered for a normal fixed deposit. Previously, my NZ dollar fixed deposit was at […]
Popularity: 27% [?]