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Test My Luck on 1 Year T-Bill (BY23100X) using SRS funds
By Live Rich Life Free  •  January 25, 2023
Happy Lunar New Year! I still have idle funds lying in SRS account earning meagre 0.05% after the partial allocation in previous T-Bill application. Great opportunity costs incurred from waiting on the sidelines to add investment for local banks such as OCBC or UOB shares into my 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 this latest tranche of Treasury Bill. The auction date for latest tranche of T-Bill is on 26 Jan 2023 and I decided to try my luck to auction for this tranche of T-Bill, a short-term government debt security with 12 months tenor, fully backed by the Singapore government and having an AAA credit rating. The issue date is on 31 Jan 2023 and maturity date is on 30 Jan 2024. Results will be out on 26 Jan 2023, 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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