Results 1 to 4 of 4
  1. #1
    Playmo Fan 123com's Avatar
    Join Date
    Jul 2005
    Posts
    1,905

    Keep USD investments or convert back to SGD?

    Hmm, have some small investments that are maturing soon. Money/finance experts got any advice to offer? Should I leave it as USD or convert it to SGD?

    If I leave it as USD, how does that work? Is it better to open a USD account in a local bank or should I try to find a way to open an account in the USA with a bank there?

    Sorry, no clue... grateful for any advice

  2. #2
    羊羊得亿!! Ideasmiths's Avatar
    Join Date
    Jun 2006
    Location
    Bedok
    Posts
    4,922
    This should be in the money subforum....

    Anyway, NOT an advice but just some information. US owes more money than it can earn per year and getting worst...so it needs to print more money which means every dollar is worth less and less. The money is not backed by any precious material (eg gold), only the promise that the paper is good.



    So lets say every year drop 5%, it will still beat putting it into local saving account 0.1%. Not counting inflation of course, just comparing currency. Simple solution is to convert back to SGD once mature and forget about the headache of opening foreign currency accounts/etc
    Last edited by Ideasmiths; May 2nd, 12 at 01:52 PM.


  3. #3
    Registered User
    Join Date
    May 2009
    Posts
    5,216
    Inflation can kill the election.

    SGD up unless the world blows up ala 2008.

  4. #4
    Registered User
    Join Date
    May 2012
    Posts
    6
    Maybe now is not a good time. The USD rate is very low.

Similar Threads

  1. Breaking News: SGD Reaches New Record High: USD$1=SGD$1.2300
    By bigsale in forum Chit Chatting
    Replies: 13
    Last Post: Apr 29th, 11, 07:07 AM
  2. Breaking News: SGD Reaches New Record-High Against USD - USD$1=SGD$1.2626
    By bigsale in forum Chit Chatting
    Replies: 17
    Last Post: Mar 24th, 11, 12:30 AM
  3. Breaking News: SGD$ to Gain 8% by End-2011 (2011: USD$1=SGD$1.27)
    By bigsale in forum Chit Chatting
    Replies: 31
    Last Post: Apr 17th, 10, 01:04 AM
  4. Paypal fund USD$100 @ SGD$142 (Only USD$100 left)
    By osxunix in forum Miscellaneous Garage Sales
    Replies: 17
    Last Post: Jul 3rd, 09, 04:40 PM
  5. Replies: 16
    Last Post: Nov 13th, 08, 08:12 PM