For the past 1 year, the only profitable “investments” in my portfolio are essentially USD and Singapore Saving Bonds. Even though they have yielded at best 3% to 5%, the relative outperformance is huge since most other stuff are easily down by 30%. Some discipline in portfolio allocation (70/30) has probably saved my ass from DCA-ing too heavily into the downward spiral of HK equites and crypto. And honestly, for that 30% non-volatile “bond” component, I believe there is nothing with a better reward/risk ration than Singapore Saving Bonds (SSBs). So if I am subscribing for this month’s SSBs, it’s pretty obvious I have subscribed for the previous few months’ offerings (higher rates) as well. And now, even though some Fixed Deposits, T-Bills or Singapore Government Securities (SGS) bonds are offering higher yields than the headline 2.75% rate, I am still going with SSBs. Financial Horse wrote a comprehensive article on this which I largely agree with. Let me flesh out some of the key points:...