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Robert Kiyosaki: Savers are Losers
By: Raymond Leung
Articles (142) Profile

Author of “Rich Dad Poor Dad”, Robert Kiyosaki, in his latest book is telling millennials to not save money. He advocates that “saving is for losers” and we should not follow the old rule where we go to school, get a job, work hard, save money and invest long term in the stock market.

It is now time to do away with the old rule and reverse it!

When Robert was young, deposits in the banks were paying 15 percent interest. Today, banks are paying near nothing for your deposits; DBS Bank is paying 0.55 percent per annum for 24 months fixed deposits. This means you are losing money every day for putting it in the bank due to inflation.

Source: Singapore’s Inflation Rate vs Interest Rate, Trading Economics

Not only is Kiyosaki not saving, he is borrowing for his involvement in real estate. Recently, he refinanced a US$300 million loan at 2.5 percent and described the current times as “debtors are winning, savers are losers.” His reason is that with almost every central bank printing money, you should invest your money.

Regardless of the size of your capital, you can find a right investment for yourself in Singapore. Being one of Asia’s leading financial market, Singapore has many options for retail investors ranging from equites to bonds. Many banks and financial institutions have programs that allow investors to start by contributing a monthly sum. Such programs start at as low as $100 per month and invests in shares or unit trusts.

Source: Interest Rate for Singapore Saving Bonds Dec 2015 Issue, MAS

If equities and bonds are too high in risk for you, there is still one product that I would recommend. It is safer than putting your money in fixed deposits with the bank and pays more interest. The Singapore Saving Bonds are issued by the Singapore government and begins at a low minimum of $500.

Trained in fund management, Raymond is familiar with shares and various investment vehicles.

Please click here for more information about this author.


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