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Test My Luck on T-Bill (BS22125T) using SRS funds
By Live Rich Life Free  •  December 19, 2022
I have idle funds lying in SRS account earning meagre 0.1%. Great opportunity costs incurred from waiting on the sidelines to add investment for local banks such as OCBC or UOB shares into my ultra long-term SRS portfolio. The share prices of local banks have no sign of weakening in the short-term hence I decided to deploy the idle SRS funds into either this month's Singapore savings bonds (SSB) or Treasury Bills. As the auction date for latest tranche of T-Bill is on 21 Dec 2022, compared to closing dateline of SSB on 27 Dec 2022, I decided to try my luck to auction for this tranche of T-Bill, a short-term government debt security with 6 month tenor, fully backed by the Singapore government and having an AAA credit rating. The issue date is on 27 Dec 2022 and maturity date is on 27 Jun 2023. Results will be out on 21 Dec 2022, 1pm. There it goes....
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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