Is this a good time to buy ABA fixed deposits?

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mariaon3
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Is this a good time to buy ABA fixed deposits?

Post by mariaon3 »

Fixed deposits of 4-6% are attractive, especially with EU and US markets stalled. I am looking into ABA fixed deposits as I already have an ABA account and it is backed by Royal Bank Canada.

Is this a good time to buy ABA fixed deposits?

If you had to rank the security level of KH ABA fixed deposits, what % would you give it? What is the most that you would invest and sleep well at night?
Luigi
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Re: Is this a good time to buy ABA fixed deposits?

Post by Luigi »

mariaon3 wrote
"US markets stalled'' ??

Dow is poised to bust thru 18K, Nasdaq closing in on record high of one year ago, S&P 500 will beat records this year. Stalled?? Hardly.
Buy FB. :beer1:
mariaon3
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Re: Is this a good time to buy ABA fixed deposits?

Post by mariaon3 »

Well, last year, the US market was flat. I no little more than that - what is FB?
Luigi
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Re: Is this a good time to buy ABA fixed deposits?

Post by Luigi »

FB = FaceBook.

Type ''bank rates '' in search box.
Will help you more than I can. Personally I would have concern about who/what they are loaning to. If it's real estate or construction I would hesitate as there is presently a huge bubble in that sector.
There are a couple or more abandoned projects about.
Plus be aware of what Cambo tax man take on earnings.
Plenty to read in search results.
Good luck to you.
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Re: Is this a good time to buy ABA fixed deposits?

Post by Fourkinnel »

I've got a fair bit in Prasac. 9.75% and AMK, around 10%, Micro-finance not banks though!. Maybe worry and be sleeping less if I left it in over the next election, but up to now good returns last 4 years!
Luigi
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Re: Is this a good time to buy ABA fixed deposits?

Post by Luigi »

Fourkinnel wrote:I've got a fair bit in Prasac. 9.75% and AMK, around 10%, Micro-finance not banks though!. Maybe worry and be sleeping less if I left it in over the next election, but up to now good returns last 4 years!
''if I left it in over the next election''. Ha! I wonder why.

I think 2018 gonna be real exciting.Already gave away my very very dark coloured T shirts.

Gonna check Prozac out.
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markd
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Re: Is this a good time to buy ABA fixed deposits?

Post by markd »

not a finance pro but a simple comparison of the prevailing rate today for aba $ deposits versus whats available for $ deposits in the US, one must consider the significantly increased risk involved with $ deposits in cambodia. =@ =@
thru shit to more shit
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beaker
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Re: Is this a good time to buy ABA fixed deposits?

Post by beaker »

Isn’t there a 4% tax on interest when withdrawn ?
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Re: Is this a good time to buy ABA fixed deposits?

Post by lurcio »

beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?
4% on non-fixed term
6% on fixed term

14% (I think) on fixed term if you are a non-resident (ie no E visa)
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Re: Is this a good time to buy ABA fixed deposits?

Post by Luigi »

lurcio wrote:
beaker wrote:Isn’t there a 4% tax on interest when withdrawn ?

14% (I think) on fixed term if you are a non-resident (ie no E visa)
^^^ This is my info as well.

Rough #s.

$10K on deposit 5 yrs @ 10% yields $6.5K-14% tax man = $5.6K for average yrly. return of $560. or about $1.50 per day. Does that appeal to you? :facepalm:
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