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19-01-2015, 02:48 PM
(18-01-2015, 11:36 PM)NTL Wrote:(18-01-2015, 05:56 PM)level13 Wrote: Looking at the Banking Act is one way to find out if there is something fishy. Another way is to look at the rates they are offering.
If one has $50K and above, they allow a short term deposit of 3 months. Since the interest are paid at maturity, i presume you will be paid 4.53% more on top of what you have put in.
Think about it. 4,53% is a very high rate for 3 months. Even the professional money managers cant give u these returns. Almost none of the short term financial instruments can give u such a high return. All the professional money managers ought to be shot. Lol!!!!
Maybe i am too stupid to understand.......
I believe that the rate quotes are all in per annum basis. Thus the 4.53% pa will give 1.13% return over the 3mths period.
Oops..... my bad!!
Even then, I find difficulty in naming a financial instrument which allow one to earn 1.13% in 3 months CONSISTENTLY. Anyone can help?
There are no good stocks. Stocks are only good when they go up after you bought them.