Soya Supersonic March 4, 2014 Share March 4, 2014 Parked some in unit trusts ard 3 years back but find the returns quite CMI - average onli ard 3%. Juz curious if any bros got good tips on what to invest in wif ur surplus SRS funds? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Jman888 Moderator March 4, 2014 Share March 4, 2014 Parked some in unit trusts ard 3 years back but find the returns quite CMI - average onli ard 3%. Juz curious if any bros got good tips on what to invest in wif ur surplus SRS funds? got return still complaint, most of my funds are in negative Link to post Share on other sites More sharing options...
Soya Supersonic March 4, 2014 Author Share March 4, 2014 (edited) got return still complaint, most of my funds are in negative maybe tell us wat u invest instead. we all avoid...... Edited March 4, 2014 by Soya Link to post Share on other sites More sharing options...
LiuDeHua 4th Gear March 4, 2014 Share March 4, 2014 Buy high dividend stocks like SPH and SGX? Link to post Share on other sites More sharing options...
D_bergkam 1st Gear March 4, 2014 Share March 4, 2014 I am rather conservative. Park in a structured deposit with OCBC at 1.4% p.a. for 6 years. Link to post Share on other sites More sharing options...
Kurty Supercharged March 4, 2014 Share March 4, 2014 hey, SRS again.. was told that this SRS could also relief income tax.. correct me if i'm wrong, my colleague told me that each year, can contribute to SRS up to limit of 10K. This SRS acts as a retirement plan while on the other hand, it can be use for investment/stock purchases. The best is it can be used to relief income tax.. am i on the right track? Link to post Share on other sites More sharing options...
D_bergkam 1st Gear March 4, 2014 Share March 4, 2014 Correct. But contribution limit is $12,750 per year. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged March 4, 2014 Share March 4, 2014 Parked some in unit trusts ard 3 years back but find the returns quite CMI - average onli ard 3%. Juz curious if any bros got good tips on what to invest in wif ur surplus SRS funds? try USA stocks. Link to post Share on other sites More sharing options...
Sabian Turbocharged March 4, 2014 Share March 4, 2014 SRS is good for holding boring undervalued stocks that are in businesses you understand (not you think understand) that have a long track record paying decent dividends. 1 Link to post Share on other sites More sharing options...
Kurty Supercharged March 4, 2014 Share March 4, 2014 Correct. But contribution limit is $12,750 per year. can we cash out the SRS when in dire? Link to post Share on other sites More sharing options...
Soya Supersonic March 4, 2014 Author Share March 4, 2014 hey, SRS again.. was told that this SRS could also relief income tax.. correct me if i'm wrong, my colleague told me that each year, can contribute to SRS up to limit of 10K. This SRS acts as a retirement plan while on the other hand, it can be use for investment/stock purchases. The best is it can be used to relief income tax.. am i on the right track? Max contribution is $12,750/yr. The income tax relief itself is a good reason to put money into SRS. The few k saved in tax is as good as a few k 'earned' (itself considered a pretty good ROI actualli). try USA stocks. u sure SRS can use to buy US stocks? the reason i asked the qn to begin wif is that i find the approved investment channels for SRS a bit restrictive. Link to post Share on other sites More sharing options...
Spanly 5th Gear March 4, 2014 Share March 4, 2014 Parked some in unit trusts ard 3 years back but find the returns quite CMI - average onli ard 3%. Juz curious if any bros got good tips on what to invest in wif ur surplus SRS funds? 3% seems pretty decent considering that you've also gained from the tax saving... Mine didn't do too well with one(Emerging Mkt Bonds) at -ve & the other(Asian High Yield) at slight +ve... so overall flat Got recommendation fr relationship mgr to take a look at the Europe or US Equity funds. Link to post Share on other sites More sharing options...
Soya Supersonic March 4, 2014 Author Share March 4, 2014 3% seems pretty decent considering that you've also gained from the tax saving... Mine didn't do too well with one(Emerging Mkt Bonds) at -ve & the other(Asian High Yield) at slight +ve... so overall flat Got recommendation fr relationship mgr to take a look at the Europe or US Equity funds. Bought into the Templeton Global Fund - it's slow but steady. Now that equities mkt is down, thinking maybe taking a dip into some blue chips or STI ETF to save the headache. Any views on ETF? Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged March 4, 2014 Share March 4, 2014 Max contribution is $12,750/yr. The income tax relief itself is a good reason to put money into SRS. The few k saved in tax is as good as a few k 'earned' (itself considered a pretty good ROI actualli). u sure SRS can use to buy US stocks? the reason i asked the qn to begin wif is that i find the approved investment channels for SRS a bit restrictive. No lah, I say put some money down to open account in USA to trade. Link to post Share on other sites More sharing options...
Spanly 5th Gear March 4, 2014 Share March 4, 2014 Bought into the Templeton Global Fund - it's slow but steady. Now that equities mkt is down, thinking maybe taking a dip into some blue chips or STI ETF to save the headache. Any views on ETF? I've brought this Templeton Global Balance Fund too many years back... with cash though. Have read about ETFs but not go into them. For blue chips, my fav is ST Engr. Decent dividend & potential upside with the recent correction. Link to post Share on other sites More sharing options...
Icu 6th Gear March 4, 2014 Share March 4, 2014 No lah, I say put some money down to open account in USA to trade. you mean cash? US market relatively more volatile but you need to watch the duties, capital tax closely, especially the forex rate. Link to post Share on other sites More sharing options...
Kurty Supercharged March 4, 2014 Share March 4, 2014 Bought into the Templeton Global Fund - it's slow but steady. Now that equities mkt is down, thinking maybe taking a dip into some blue chips or STI ETF to save the headache. Any views on ETF? i support STI ETF, i went in when STI was 1700 and sold off when it hit 3400. so my earning was actually double. but i only a peanut..plus i do dollar averaging that time.. its a good portfolio but not at this present moment. Link to post Share on other sites More sharing options...
Kurty Supercharged March 4, 2014 Share March 4, 2014 sorry, wanna ask about the SRS. if i made a yearly contribution of 2K, am i correct to say my tax relief on SRS is 2K too? or is there a % only? I'm rather confused as the website didn't mention any % of relief http://www.iras.gov.sg/irasHome/page04.aspx?id=1168 while some reader actually wrote a yield of 9.6%; nutshell : a contribution of $11,475 to your SRS account brings about a tax saving of $1,096. This is a yield of 9.6% ↡ Advertisement Link to post Share on other sites More sharing options...
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