Trust Bank Singapore, New Digital Bank Freebies!

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Have you applied for your Savings Account or Credit Card with Trust Bank Singapore, Singapore's digital bank backed by a unique partnership between Standard Chartered Bank, and FairPrice Group? REFERRAL CODE: BZACYE0F ( it is a number zero, not letter ) Get $35 worth of free Fairprice vouchers and other freebies by just Downloading the Trust App and Open a Savings Account online with the App, simple/easy within 10mins!: Get free $10 Fairprice E-voucher (no minimum spend at stores/online) by entering this code ( BZACYE0F ) when apply for the Savings Account. Get free 1kg Fairprice Rice voucher Get free Kopitiam Breakfast Toast Set voucher Charge one transaction to your debit card to get free Fairprice $25 voucher (no minimum spend, at stores/online). Hack: Do a funds transfer of $1 or $10 from your own bank to Trustbank savings account. Then Just add your debit card number to Grab App, authenticate with $1 charge/refunded to your saving
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Jeremy Grantham: Be in Cash, Wait for Stocks to Fall

Thursday November 12 2010, Jeremy Grantham told CNBC, extracts below:

Investors should be mostly in cash, which gives them security as well as the option to take advantage of other investments if prices fall.


“Cash has a virtue that people don’t appreciate fully, and that is its 'optionality'.”


“If anything crashes and burns in value—say the US stock market—if you have no resources, it doesn’t help you. If the bond market crashes, and you have no resources, it doesn’t help you. What cash is is an available resource."


Grantham thinks stocks are overpriced, so being in cash now gives investors the chance to enter the market later.


“It buys you the right to buy the US market if the S&P drops from 1,220 today to 900, which is what we think is fair.”


Grantham also recommended investing in such commodities as oil and copper for the long term of 10 to 20 years. For institutional investors, Grantham said a good mix is to be overweight in franchise companies, modestly overweight in emerging markets, underweight in everything else, plus a lot of cash and “patience.”


Grantham, a strong critic of the Federal Reserve, thinks the central bank should stick to controlling the money flow. He’s against its stimulus efforts, including its recent announcement to try and boost the economy through $600 billion in quantitative easing (QE).


“The Fed has spent most of the last 15, 20 years manipulating the stock market, whenever they feel the economy needs a bit of a kick,” he added. “I think they know very well that what they do has no direct affect.”



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