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Why We Redeemed Our SSB and Sold Our DBS Shares
By Mr And Mrs Budget  •  December 7, 2020
Hi everyone, earlier today, both Mrs Budget and I have made a few transactions and we wanted to share some of them here. First, we redeemed our Singapore Savings Bond which we purchased 2 years ago. When we bought the bonds, we had the intention of keeping it until maturity 10 years later, with an effective rate of 2.45% per annual. It seemed like a good deal especially since we had managed to get some of the better yield SSB. Shortly after our initial bond purchase, the yield of subsequent SSB fell month after month, and now it is at a ridiculous 0.9% pa if you hold it for 10 years. SSB 10 Year Yield – Source: Investment Moats When we were looking at our portfolio earlier last weekend as part of our annual portfolio cleaning up, we were looking for ways to fund our increased appetite for high growth US stocks....
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By Mr And Mrs Budget
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