I started with the same mindset and most would agree for SAFE & SIMPLE. At the start, we are looking towards SAFE levels of investment to beat peanuts 🥜 interests from our 🏦 savings account. We are adverse to any dip in our principle going for 100% safe capital protection, higher interest than 🏦, No or Shorter Lock-in periods. SIMPLE steps towards our initial investment. As we dont have the knowlege or time to micro manage or deal with Fix Deposits management, T-Bills application etc.
Bear Bear Craig : Good sharing! Like it safe and sound especially during turbulence market
pootpoot : idol forever
CasualInvestor OP pootpoot :
David Lee cm : I will also recommend singapore savings bond if you don't mind slightly lower return, but safer than money market fund. It takes at most 1 month for redemption to go through and need to pay $4 in total for subscription and redemption.
Davidzed : U didnt mention the capital needed to get even a single dollar back from cash plus u need at least 10k + to even get a single dollar on return. Newbies also need to know this fact before even considerin this
010101010 : Yes. Must also beware of institutions offering both capital + interest protection but suddenly close down after some time.