Dear readers, as at 1 Sep 22, Grab stock, which I believe many in Singapore are familiar with, is trading at USD $2.85 per share.
At this price, compared with the opening price of USD $13.06 on Grab’s first day of trading, Grab stock is currently trading at 80% discount off the aforementioned opening price.
I wonder whether there are many investors who are still bullish about Grab’s longer-term performance given Grab’s current performance.
I would however think that for those who are interested to be vested or invested in Grab, there is one risk-free way to stay vested or invested in the company.
This risk-free way is none other than to sign up for the savings account under Grab digital bank, GXS.
GXS Bank has launched a savings account which offers a 0.08% per annum interest accrued daily. GXS customers can create up to 8 Pockets from their savings accounts, which earns 1.58% interest per annum accrued daily.
Hence, by having your monies in GXS, one can earn interests without the risk of investing in a stock.