I have always wanted to make full use of my savings, but I admit tat I am very lazy and a bit phobia when it comes to finance related topics...
Anyway, I truly know that my savings were going down the drain every year if I did not invest partial of it... The inflation rate per year is about 3% and the saving account's interest is only a mere 0.25%!!!
I knew all this but I am just too plain lazy and reluctant to do more...
But I knew that I can't put this off for long. The GST is about to be increased and if I did not do anything now, all my earnings would be gone in a flash!!
Thus, I made an effort to go visit some bank branches to get information... To cut the story short, I finally settled for the "secured" bank and invest some money in the unit trust.... A very safe one, I would say, with low risk...
Anyway, lets hope for the best!!!
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