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.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!