Comments on Moneytalk: Using POEMS to buy SGS

Hi, Assuming that you did not opt for the excess ...

2010-06-04T21:11:20.404+08:00

Hi,

Assuming that you did not opt for the excess fund facility management, I'm not sure what will happen to the funds in the PCMA the event that Philips Securities goes bankrupt as I can't find any details on the website. It is also not a member of the Deposit Insurance Scheme. The money parked in the PCMA will only earn interest if you have more than S$50,000 parked inside and the interest is only 0.10%. Any amount which is lesser than that will not earn any interest.

Kay

Hi, As i am very new to this POEMS stuff, would li...

2010-06-04T11:00:40.029+08:00

Hi,
As i am very new to this POEMS stuff, would like to ask some noobie questions before opening a POEMS account.
1)Is POEMS Cash Management Account safe?
2) What happen if POEMS go bankrupt and what will happen to the $$$ in the Cash Management Account?
3)Any Deposit Insurance Coverage as POEMS is not a bank?
4) Does $$$ in Cash Management Account earn any interest if i parked my $$$ in there while waiting for the right time to buy?

Thanks

Hi LB, Thanks for your compliment. I hope to put ...

2009-09-04T21:22:23.235+08:00

Hi LB,

Thanks for your compliment. I hope to put up a guide for buying SGS via ATM soon in the future but currently, the interest rate for SGS is very low so I have not bought any SGS recently.

Kay

Hi, Am looking forward to your guide of buying SG...

2009-09-04T16:33:13.730+08:00

Hi,

Am looking forward to your guide of buying SGS via ATM.

Thanks for all your wonderful info!

- LB

Hi Warren, Thanks for your compliment. Unfortunat...

2009-08-06T21:22:20.529+08:00

Hi Warren,

Thanks for your compliment. Unfortunately, there is a better way of buying SGS and that is through the ATM but I have not had the time to do a guide on this. With regards to the processing of order available in the secondary market, I'm not that sure so you may have to check this out with Philips Securities. You are correct with regards to your 2nd question for the deduction of an additional yield.

Kay

Hi, This is a very good guide on buying SG T bill...

2009-08-06T10:43:51.227+08:00

Hi,

This is a very good guide on buying SG T bills. but what does this sentence mean? "If the auction bid is unsuccessful, your order will be processed at the yield available in the secondary market, without deducting an additional spread."

Does it mean "any" yield available in the secondary market? even if I may not like the yield, it will still automatically buy?

"without deducting an additional spread.": does this mean no more 0.1% deduction, in this case?

Thank you.

--
Warren

Hey DanielXX,

Thanks for adding me.

2009-02-14T15:53:00.000+08:00
Hey DanielXX,

Thanks for adding me.

Kay

hi kay this is danielxx from hotstocksnot. sorry f...

2009-02-14T10:55:00.000+08:00

hi kay this is danielxx from hotstocksnot. sorry for late reply, just included your link on my blogroll.

nice site!

Hi Lakshmanan,

Usually, the yield offered b...

2009-02-14T00:22:00.000+08:00

Hi Lakshmanan,

Usually, the yield offered by SGS is better than fixed deposits. However, due to the current economic crisis, banks have up their interest rates some time ago in a bid to attract more depositors so as to bolster the amount of cash they have. Thus the current situation we are seeing now is really peculiar.

Kay

This is something I am always looking for. But, T...

2009-02-13T22:08:00.000+08:00

This is something I am always looking for. But, The recent treasury bill auctioned (Maturing 14-May) has only an cutoff yield of 0.25%. That is way less then even a savings bank interest rate. Also a latest 2 year bond (Maturing 1-feb-2011) is having a cut-off yield of 0.65% which is way less than some of the FDs. If you place the money in an money-market fund, it yields between 1.5 to 1.6 percent and much easy to liquidate. I always thought bonds / T-bills are better. Am i missing something?
- Lakshmanan