Young and old investors pick fixed deposit as their top investment choice
April 30th, 2024 | 
Author: 
Young and old investors pick fixed deposit as their top investment choice-poll (26 April 24, Straits Times online).
I ask should the poll findings surprise anybody? I am not. Let me explain.
The current inflation rate in Singapore is hovering around 3.3% and fd interest rate is paying something between 1.95% to 3.2%, so, money kept in fd accounts are losing out to inflation but why are Singaporeans doing so even among the better educated and should have known better younger ones?
It is unlikely that they are totally unaware of other potentially better financial return options. Apart from some elderly illiteracy, financial advisers and bank officers must have advised and shared with them such options and products but still old habits die hard in people. Take away the H there is still abit...
For them, it is clearly a case of better to have the devil you know than the devil you don't know. That is uniquely our Suckerporean Trait and Mentality on subtle public display.
Now over to our political sphere, such a trait and mentality are also abundantly pervasive and displayed. Despite the often mediocre performances by the 4G pap ministars whether it is in their failure at tackling the ever increasing cost of living, unfair employment competition, our super pathetic TFR or the ever rising and rising public housing prices etc, even when presented with decent choices, the majority of suckerporean electorates will still continue to choose the devil that they know more than the ones they don't know and my conclusion is because suckers' DNA in them is playing tricks.
Just my little thoughts this morning.
Think.
Simon Lim
Posted in 
Simon, please complete your story. If FD is no good, where do you recommend people invest?
Too bad TRE has no more Oxygen to tell us about good investments.
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Fixed deposits have always been seen as safe. True the rate is not great but guaranteed to make a little after a year. And compounding the $$$ over the years sees a payout when one finally decides to withdraw everything.
Sure, gambling at Singapore Pools and Bitcoin/stocks can also make you money very quickly but no one wants their hard earned money to go poof in an instant like magic mah.
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What alternatives ?
Scam and more scam…
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https://www.fullertonfund.com/fullerton-insights/rethinking-investing/#
Simon, go read the actual survey. Your impression, from the ST article, is not what the survey show.
I blame the ST. Most readers will take that to mean that investors dump all or most of their money into FD. This is definitely not what the survey shows.
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FD is low risk low return, other investment products are high risk high return.
@”Despite the often mediocre performances by the 4G pap ministars whether it is in their failure at tackling the ever increasing cost of living, unfair employment competition, our super pathetic TFR or the ever rising and rising public housing prices etc,…”
Response: those who got the benefits and don’t feel the pinch will consider the choice as low risk high return. But for those who suffered loss will consider it as high risk no return.
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Just like drinking coffee, some people will stick to a particular brand. Even when the taste and aroma changes bit by bit, they also won’t realise bcoz they already used to it. Or maybe they realised but don’t mind bcoz they already fall in love with the brand more than the product itself.
The way to solve the ‘brand-lovers’ problem is only when the brand failed and close shop.
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FIXED DEPOSIT$.
So many among us cannot even get food fixed nicely on the dinner-table.
And,many more cannot even get their sicknesses fixed by expen$ive doctor$.
Guess our TOP PUBLIC $ERVANTS HAVE PLENTY OF FIXED DEPOSIT$ IN THE BANKS.
Would they like to SHARE?
Or,much prefer to COLLECT MORE MONEY?
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