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Update on my plan to save for income. Money I forgot I had. DBS SavvyEndowment11 and 3.92% p.a. guaranteed.
By A Singaporean Stockmarket Investor (ASSI)  •  April 22, 2023
This is a quick update on my plan to save for income published in a blog at the beginning of April. Back then, I said that I should be able to set aside $10,000 to apply for Singapore Savings Bond this month. However, I have increased that figure to $22,000. This is because a 5 months fixed deposit placed with DBS matured and I forgot I had it. So, with more money at my disposal, I have decided to apply for $22,000 instead of $10,000. Why $22,000? If I should be successful in getting a full allotment, together with the $16,000 in Singapore Savings Bonds allotted in March, I would have hit $38,000. $38,000 is the amount I had planned on setting aside for voluntary contribution to my CPF account in January 2024. See: CPF or SSB? No brainer? I also made a non-competitive bid for the T-bill  auction closing on 25 April with $15,000 instead of $5,000....
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By A Singaporean Stockmarket Investor (ASSI)
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