Welcome back to Retire Rich Weekly! This week, we’re diving into the world of Singaporean investments, exploring opportunities for both stability and higher yields. We’ll also be taking a look at the surprising price drops hitting luxury properties at Sentosa Cove.
#1. Seeking Stability? Invest in the Upcoming T-Bill Auction
Attention all T-bill lovers! The Monetary Authority of Singapore (MAS) is holding an auction for a brand new 12-month Singapore T-Bill (Treasury Bill) on Thursday, April 18th, 2024. T-bill is a low-risk, government-backed security to help you boost the stability of your retirement nest egg.
Given the current inverted yield curve environment, the yield is likely lower than the latest 6-month T-bill yield which was 3.75%. Our estimate of the 1-year T-bill yield may be around 3.5%.