My parents passed me another 60k to invest around early Feb. This is after the initial tranche of 50k.


I found out a bit more why they are suddenly so keen to put their money to work. They said that they've put it in the savings account for almost 10 years, then realised that the interest is so pathetic, so they wanted to get their money to work harder for them. Initially they wanted to put into some fixed deposit that pays about 1.18% pa, which is way better than the interest from savings (maybe 0.05% now), but still pathetic. I managed to convince them to buy my LP bonds eventually.


A few thoughts ran through my mind:


1. Why think about such things only 10 years down the road? A few reasons - as a family, we don't really talk much about money between ourselves. I don't (Read more...)...