SMART Park: A Versatile Solution for Short, Mid, and Long-Term Financial Goals August 14, 2023

SMART Park: A Versatile Solution for Short, Mid, and Long-Term Financial Goals

In today’s fast-paced world, achieving financial growth amidst an unstable economy can be challenging. However, with the right formula of smart money-saving tips and strategic investment options, you can lay the groundwork and pave the way towards a secure financial future. Whether it’s for short-term emergencies, mid-term security, or long-term growth, SMART Park offers a 5.8% p.a. guaranteed return on funds parked between 1 and 31 Aug and kept for a minimum of 30 days. Let’s explore further and examine how you can achieve the following financial goals with this promotion which ends on 31 Aug:

1. SMART Park for Short-Term Goals

Short-term financial goals, such as the preparation of an emergency fund, require a safe and reliable place to park your money with the flexibility for withdrawal when needed. The SMART Park National Day 2023 promotion meets all these criteria and more. With a guaranteed return of 5.8% p.a. for 30 days, your idle funds will grow, and with no required lock-in period, investors can readily access cash in case of emergencies, providing them peace of mind.

2. SMART Park for Mid-Term Goals

When it comes to mid-term goals like purchasing a home, funding an education, or planning a dream vacation, striking the right balance between risk and security becomes vital. SMART Park can be an excellent solution for these scenarios. While delivering a guaranteed 5.8% p.a. return for 30 days, beyond this promotional period, you can enjoy our prevailing SMART Park rates (3+% at the time of writing this article). This facility lets you grow your idle cash during quiet periods that can generate good returns with minimal risk. SMART Park achieves this through investing mainly in high-quality government and corporate bonds, commercial bills, and fixed deposits.

3. SMART Park for Long-Term Goals

Investors with long-term financial goals, such as retirement planning or wealth accumulation should consider investment options that offer greater potential for gains. However, they should plan for a mix of asset allocation across cash, bonds, and equity to create a more balanced strategy for better risk-adjusted returns. The SMART Park facility can thus play a crucial role as the cash component of the long-term investment portfolio. During high volatility periods, investors can rebalance their portfolio to a more conservative allocation by diverting more of their funds into this facility.

In summary, the SMART Park facility is a valuable tool for achieving your short to long term financial goals. Seize the opportunity to grow your idle cash with this ongoing National Day promotion and pave your foundation for a more secure financial future.


SMART Park: A Versatile Solution for Short, Mid, and Long-Term Financial Goals

Louis Koay
Senior Financial Services Director
Phillip Securities Pte Ltd (A member of PhillipCapital)


These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.

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About the author

Louis Koay
Senior Financial Services Director

Louis Koay is a dual-licensed representative at Phillip Securities. He graduated from the National University of Singapore with First Class Honours and is a CFA charterholder as well as a Certified Financial Planner. He is currently managing a team of 12 advisors and servicing more than 2,500 clients with assets under advisory of more than $40 million.

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