Volatility in the market doesn’t seem to be abating anytime soon. Just today, the Swiss Franc shot up by almost 30% against the $Euro. I really don’t recall encountering such MASSIVE movements of “blue-chip currencies” in a single day and such unexpected jolts do spark fears. Moreover, nobody seems to know how low oil prices could go. It’s really about expectations and if it turns out to be more of a supply glut, we could be in for a boom. However, things could get ugly if it’s the other way round.
On a more personal note, I have also opened up a 2nd OCBC 360 account since I am finally getting a salary again.
Since it’s really not that hard to get 3 more bills (just charge some small expenses on other credit cards), this 2nd account can easily qualify for a 2% interest rate. That’s higher than almost any SGD ......