I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday, 28 March 2019

Good News For Hardcore Savers!


Read? Deposit insurance coverage rises to S$75,000; gig workers gain insurance policy protection

DEPOSIT insurance will rise to S$75,000 to give savers more protection in the event of bank or finance company failure.

 Insurance policy owners who use their cars or homes to generate income will now also be protected should their insurer go under.

 Depositors and insurance policy owners will enjoy such enhanced protection from April 1, 2019, said the Singapore Deposit Insurance Corporation (SDIC) on Thursday. 

 The latest changes to the deposit insurance (DI) and policy owners' protection (PPF) schemes protect deposits up to S$75,000 per depositor and extend protection to personal assets used for commercial purposes, it said.

 "The increase in deposit insurance coverage to S$75,000 from next Monday will ensure that more than nine out of 10 depositors will have their savings fully protected if a bank or finance company fails," the SDIC said.

Posted by Createwealth8888 at 17:32
Labels:

2 comments:

  1. Spur28 March 2019 at 18:10:00 GMT+8

    Haha standby ur spare cash LOL!

    Although with the regime of finanial oppression in place since 2001, not sure how many will be motivated to park cash in deposits & FDs.

    Reminds me of a month ago when i saw a receipt carelessly left at the atm showing over $200k just sitting in savings a/c earning 0.05%?!? Or maybe just a short term thing hoho.

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails