Temasek, being our state investor, having a well-performing portfolio with investments exceeding $400 billion sounds impressive. But, what’s in it for the common Singaporean?
The Singapore economy has been doing well in its recovery, due to the relaxation of Covid-19 restrictions and encouragement of consumer demand. Their investment in unlisted companies and assets, such as SP Group, have also delivered steady returns for the company’s portfolio. As such, Singapore assets now make up 27% of Temasek’s portfolio, overtaking China’s 22%.
With the effective regulatory frameworks for incorporating businesses here in Singapore, we have seen an influx in many multinational companies setting up their Asian headquarters here on our shores. This makes it much easier for Singaporean individuals to invest in these companies. It offers low-cost investing with lower commission fees than most other competitors and a user-friendly interface. If you invest a lot and would like to subscribe for their higher-tier monthly plans, fees can also be waived with points, hence proving that they boast a good rewards system.
It charges low management fees of 0.25% – 0.60% & 0.4% and has 0 trailer fees or sales commissions. There are also no fees charged for transfers, withdrawals, account openings or closures. It also offers impressive rates of returns over the recent few years, making it stand out as a strong contender in the crowdfunding platform market.KapitalBoost is a recommended crowdfunding platform for investors in Singapore as it offers investors an opportunity to invest with 0% service fees, making it the only such platform in Singapore with no fees associated with it. Those who are seeking short-term investments with competitive annual returns of 15-24% p.a.
Currently, the promotional interest rate is up to 0.60% p.a. for 12 months if at least S$500 of fresh funds is being deposited via e-Banking. The tenures offered by this fixed deposit account can be as low as just 1 month, making it highly attractive in terms of accessibility.The Standard Chartered SGD Time Deposit can be considered as one of the best fixed deposit accounts in Singapore for very long tenures.
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