In the face of Negative Real returns ( nominal return - inflation rate) on our salaries , got to try and make our money work harder. I found out from moneyguru.com.sg that MayBank is giving 5% per annum on your Australian dollar time-deposit for 6 months, one of the highest amongst banks and you only need a minimum of $10,000 to start.
Originally posted by ShopAqueen:In the face of Negative Real returns ( nominal return - inflation rate) on our salaries , got to try and make our money work harder. I found out from moneyguru.com.sg that MayBank is giving 5% per annum on your Australian dollar time-deposit for 6 months, one of the highest amongst banks and you only need a minimum of $10,000 to start.
Maybank is giving a good deal but too bad now is about the worst time possible to go into AUD..........
when stock markets crash again the AUD will plummet and you'll lose like 30% of value..........
the interests is not important at all..........
go into AUD with max 50% of what you have after a big drop in stock markets.............if drop more can go in with remaining 50%..............
GDP or economic grow.
Wad matters is do u benefit from it.
Salary gt grow or depressed by Foreigners?
Salary stagnant inflation/ standard of living still grow.
Originally posted by Rock^Star:It's funny that our leaders take the highest salaries in the world but our purchasing power is the lowest among developed nations.
Does it remind you of emperors and their poor peasants? :)
Yes. Take so much salary the qualitty must be very good.
Take so much salary where some ppl r struggling to make a living due to rising standard of living.