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Easy Personal Investing in Singapore

By Richard HartungIf you have extra money saved in your Singapore bank account it would be easy just to leave it there. Interest rates on savings accounts are low, though, and even time deposit rates of around 1.8 percent barely keep you ahead of last year’s core inflation rate of 1.7 percent. With the Monetary Authority of Singapore (MAS) expecting inflation to be 1.5-2.5 percent this year, it may be beneficial to look at easy ways of investing so your money can work harder for you.Exchange-Traded FundsWhile inexperienced or busy individuals have plenty of options for investing, some of them are expensive. Unit trusts, similar to mutual funds where investors’ money is pooled, or life insurance can cost up to 5 percent initially and, on top of that, fund managers charge a fee of between 1 and 2 percent of …