SSB missions update! Redemptions! SSB I forgot I had!
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I don’t usually look at my CDP statement these days because I really dislike looking at it online.
So uncomfortable.
I miss the paper statements so much.
Yes, I know the argument for going green but I am not sure that going from chopping down trees to guzzling energy in data centers is a good trade or not?
After all, we can replant trees but unless we are using renewable energy, data centers are big polluters, if we think about it.
1. SSBs
Anyway, I had to check my CDP statement just to be sure that my paper records are accurate for Singapore Savings Bonds.
As it turns out, there was a Singapore Savings Bond which I thought of buying but wasn’t sure if I could.
I blogged about it but it wasn’t very clear.
See:
SSB 3.06% p.a. 10 years average yield.
Well, I could not find any trace of this in my CDP statement.
Blessing in disguise, maybe.
After all, this month’s offer is for 3.4% p.a. 10 years average yield.
2. SSB redemption.
I am redeeming SBMAY23 which I did buy.
That offered a 3.07% p.a. 10 years average yield.
That was bought to partially replace CPF voluntary contributions in 2024.
See:
Saving for income 3.07% p.a.
Will use the funds to apply for SSB this month.
But the funds will only come back to me next month!
How like that?
I will have to use money in my war chest first and the returning funds will go back to my war chest next month.
Like I said in the previous blog post, AK can juggle money.
3. Forgotten SSB!
While going down the list of investments in my CDP statement online, I found an SSB that I forgot I had!
This was bought in 2018!
OMG!
10 year average yield of less than 3% p.a.
Alamak!
OK, I am redeeming that too.
The funds will go to my war chest next month.
More money for T-bills, maybe.
4. SSB mission for 2023.
Anyway, this is a blog post to remind myself of what I have done and what I am doing in the SSB space.
Mission accomplished in replacing VC to CPF with SSBs in 2023.
5. SSB mission for 2024.
For VC to CPF in 2024, I am (re)applying for SSB this month with funds from the redemption of SBMAY23.
Together with another SSB purchased in March, this will (re)complete the mission for 2024.
I thought of redeeming the SSB bought in March too but I have a feeling that the SSB this month is going to be oversubscribed as well.
So, I could end up being only partially allocated if I applied for a larger amount.
Anyway, my war chest doesn’t like being depleted even if only temporary.
With yields at the long end of the curve rising, like I said in an earlier blog, there is no hurry to lock in higher yields.
Famous last words? Maybe.
6. SSB mission for 2025.
If I get what I apply for this month, it would be $15K of SSBs in total for the year 2025.
Since this is a mission for 2025, I have plenty of time to complete it.
Crossing fingers that 10 year average yields for SSBs will remain relatively high.
See:
SSB 3.4% p.a. (and 6 months T-bill ladder.)
If AK can buy SSBs, so can you!
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