The latest 6 months T-bill gives us a cut-off yield of 4.07% p.a.
Yes, AK stunned like vegetable!
I was expecting 3.75% p.a. thereabouts!
Pleasantly surprised!
The narrative that interest rates will stay higher for longer might be true, after all.
Don’t know how much longer this situation is going to last but I will just make hay while the Sun shines.
To be sure, I am also doing this while waiting for Mr. Market to go into a depression.
It is bound to happen.
So, it is not going to be if Mr. Market goes into a depression but when Mr. Market goes into a depression.
I want to be prepared when that happens.
It could happen next year or the year after that or it could happen before this year ends.
There are so many different opinions from so many experts that I have decided to stop listening a long time ago.
All I know is that if I am prepared, I will do OK.
With my OCBC fixed deposits which paid 4.08% p.a. maturing this month and next month, I am rolling most of the funds into new fixed deposits with with CIMB.
Not as high as 4.08% p.a. but higher than the 2.7% p.a. offered by OCBC.
I am using a portion of the funds to strengthen my T-bill ladder too which will pay me every 2 weeks.
Fortunately, I did that for the recent T-bill auction too.
My non-competitve bids were fully allotted!
4.07% p.a.
AK is giddy with joy!
Always ready, surely, it is good to be paid while I wait.
If AK can do it, so can you!
