SMRT - flashback to the beginning

Ironically, just after the announcement of the fare hike, MRT has another major breakdown on Monday, Jan 20.  About 19,000 commuters were affected.

Nowadays,  MRT breakdowns have become the norms rather than the occasional hiccups.  It makes a mockery of SMRT's vision: "Moving People, Enhancing Lives".

One of my friends sent me this information which most people have forgotten.

Jan Fixed Deposit Rates Update - 1.10% P.A.

First some clarifications: Fixed Deposit is not for real investment.  My review on Singapore's FD is limited to S$50,ooo and below; and tenure term not exceeding 12 months.  Fixed Deposit is for parking the emergency fund and allowing immediate access to the fund when needed.  These are also based on the following considerations:

1. Singapore's Deposit Insurance Scheme maximum coverage up to S$50,ooo only.

2. Long tenure term will potentially affect your cash-out value for your emergency fund, as you may suffer a penalty fee for early withdrawal.

Back to the update:    

RHB's promotion has ended.  The highest interest rate in the market now is still 1.10% p.a., offered by 3 banks:

1. ICICI Bank

HiSAVE Fixed Deposit is an online fixed deposit account linked with the HiSAVE online Savings Account and all monetary inflow and outflow of funds happens online from and to such HiSave accounts.  Minimum placement sum for HiSAVE Fixed Deposit account is $1,000.

2. OCBC

The promotional interest rate is 1.10% p.a. for 12 months tenure.  Minimum placement sum $20,000.

3. CIMB Bank

The promotional interest rate is 1.10% p.a. for 12 months tenure.  Minimum placement sum $25,000.


Please let me know if there is better offer in the market.

My Stock Portfolio @ end December 2013

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	SGX	3	18.13	4.19	2.93	7.26
2	Starhub	5	17.86	3.22	2.82	4.29
3	SPH	5	17.15	3.99	3.46	4.12
4	CapitaLand	2	5.05	3.91	3.69	3.03
5	AIMS AMPI Reit	4	4.76	1.56	1.56	1.43
6	CapitaMall Trust	3	4.76	1.71	1.19	1.905
7	SIA Engg	1	4.21	4.86	4.92	5.06
8	CDL HTrust	3	4.10	1.66	1.16	1.64
9	Starhill Global	6	3.92	0.71	0.56	0.785
10	Suntec Reit	3	3.85	1.52	1.16	1.54
11	SingTel	1.2	3.63	3.21	2.95	3.66
12	Frasers CT	2	2.93	1.81	1.84	1.76
13	HPH Trust	3	2.09	0.90	0.86	0.675
14	SPH Reit	2	1.63	0.94	0.96	0.98
15	FE Orchard	1	1.55	1.18	0.88	1.865
16	Boustead	1	1.41	1.44	1.43	1.69
17	CitySpring	3	1.17	0.65	0.47	0.47
18	Sing Post	1	1.10	0.875	0.68	1.325
19	FE HTrust	1	0.70	0.93	0.90	0.84

Movement in my portfolio in December:-
Sold:- NIL.
Bought:- SIA Engg, AIMS AMPI Reit.

Dividends collected in December: $861.90
2013 avg dividends/month: $476.46