Waiting for the time to buy a property

Mr. Tan,

We just sold our house prior coming to Singapore. We are renting, while waiting for the right time to buy. We have some money in foreign bank (which gives 3.5% fixed deposit) and another 90K sitting in the saving account with almost no interest. I saw the ad in the newspaper from X about emerging market notes, that lock $ 20,000 for 5 years, with 3.3% p.a and give fixed deposit of 2.65%. Do you think this is a good idea? What about unit trust? Which product do you recommend?

After reading some of your articles, I trust you better than agent selling me their products.

REPLY

I am not familiar with this product from X. Normally, I avoid structured products, for the reasons given in this FAQ:
http://www.tankinlian.com/faq/sinvest.html

You can read this FAQ on investment for the long term:
http://www.tankinlian.com/faq/savings.html

For short term investments, you should accept the current low rate of return.