Placing Time Deposit Instruction
Speaking | English and Chinese scripts are provided below and you can understand the content easier.
https://www.youtube.com/@UpgradeEnglish
Hi Angela, how are you doing?
I’m good. And you?
I’m busy with my work. Are you still working in a bank?
Yes. Almost five years.
I’m having some trouble. Can I ask for your opinion?
Sure. What can I help you?
I feel frustrated with my investment’s performance recently. Do you have any idea of low-risk investment?
Low-risk investment?
Yes. I would like to diversify my investment and allocate part of my deposit for low-risk investment.
Have you placed time deposit before?
Yes, but not very often. It’s not flexible to me.
It’s the limitation and nature of time deposit. However, it’s risk-free and the return is guaranteed.
That’s why it’s welcomed by retirees. Such return brings key benefit to conservative investors.
Right. Regardless of market fluctuation, you can rest assured that your deposits can grow at a fixed rate.
I’m fully aware of it. Unfortunately, it’s not my first choice of investment. If I withdraw my money earlier, I’ll lose all of the interest earned.
How about more attractive interest rate? Will you consider such risk-free product?
As far as I know, I can get higher interest rate if I place time deposit via digital banking. Frankly speaking, I do not think it’s attractive enough.
You’re right. The interest rate offered via online channel may be a bit higher than that of branches.
Are you having other way to earn more attractive interest rate?
You must be a smart customer. Have you opened accounts in different banks?
Of course. I’ve got several bank accounts. I’ll move my money to different banks only if the interest rate of time deposit is attractive.
Banks would like to boost deposits from their customers. Do you know why?
I guessed that banks can use the deposits to generate more incomes.
Correct. If banks can secure more deposits, they can lend out more. They make money by earning interest from loans such as mortgages and different types of loans.
That’s why I frequently receive promotional emails from different banks.
What will you do after receiving such emails?
I’ll compare the interest rates from different banks. If it’s attractive enough, I may transfer part of my balance to another bank. Thanks to the digital banking, I can do it in a minute.
The strategy of some of the banks includes encouraging customers to centralize their savings into one bank.
What’s it about?
If there is an increase of your balance over a “designated” period, you can place time deposit by enjoying attractive interest rate.
Oh Sorry, I cannot get your point.
Let me simplify it. If you can move more money from other banks to one bank continually, the increase of balance can be entitled to higher interest rate.
Are you kidding?
No. Such incremental balance is named as “new fund”.
“New fund”? I’ve not heard of this term before.
As mentioned before, banks would like to grow deposits by attracting customers and centralizing their deposits into one bank.
Are many banks offering this time deposit with “new fund”?
Some of the banks have such offers. They may vary in the logics of calculating the “designated” period.
What are the differences?
Some banks may use the period of the past 15, 30 days or more to calculate the increase of balance. Please check their terms and conditions before making the transfer.
I’ve got an idea.
I guessed you know what I mean.
If I’m able to move money smartly within those banks that offer new fund offer of time deposit, I can enjoy the merit of the new fund offer.
You’re brilliant. It’s a risk-free investment. If you accept the extra steps in making transfer among banks, you can earn such bonus interest.
As my stocks’ performance was terrible in the past two years, I think I’ve to shift a certain portion of my portfolio to low-risk investment.
When trading stocks, you’ve to face with different risks such as market, global and business risks. It’s actually not easy to have profit when investing in the stock market.
How can I reduce those risks?
The wisdom of investment is too complicated. You’ve to be knowledgeable, patient, disciplined and even more.
I cannot disagree with you anymore.
You may consider my approach. I’ve identified few stocks with stable dividend. After further analysis, I’m now focusing two stocks for long-term investment.
I bought the shares of these two stocks with a fixed amount every month.
Why? What are the benefits of this approach?
By doing so, I can buy more shares when price goes down and fewer shares when price goes up. After a period of time, the cost of each of the share will be averaged out. There is no need for me to worry about short-term price fluctuation.
This type of investment is related to the use of “Dollar cost averaging” principle.
My concern is whether there will be a guaranteed return or not.
It’s mainly determined by the selling price at the time you sell the stock.
If it’s not guaranteed, why do you still consider it?
I would like to mitigate the impact of short-term price fluctuation. In addition, my selected stock can distribute stable dividend to me as well.
Okay. Even if the selling price is lower than your cost, the stable dividend can help reducing the loss.
I recognize that it’s my problem when buying stocks. I may have sudden impulse to buy stocks at high price. I sometimes cannot control myself caused by my irrational behaviour.
It’s totally my fault of making incorrect buying decision.
I think it’s very common for general investors. You can take reference of this principle and it may help.
Thank you for your sharing today. I suffered a significant loss of my investment. Therefore, I should also take a more prudent way to handle my investment.
We can learn from experience. Please let me know if there are further questions. See you.
Thank you so much. See you.
You’re welcome.
Disclaimer: Investment involves risks. The content is served as the education material of English only.
WITH CHINESE SCRIPT
嗨，安琪拉，您好嗎？
我很好，您呢？
我工作很忙，您還在銀行工作嗎？
是的，快五年了。
我遇到了一些麻煩，可以徵求一下您的意見嗎？
當然可以，有什麼可以幫您的嗎？
我最近對自己的投資表現感到沮喪，您有什麼低風險投資的想法嗎？
低風險投資？
是的，我想分散投資，並將部份存款用於低風險投資。
您以前做過定期存款嗎？
有的，但不經常。這對我來說不靈活。
這是定期存款的限制和性質，但無風險，收益有保證。
這就是為什麼它受到退休人士的歡迎，這樣的回報為保守的投資者帶來了關鍵的好處。
是的，無論市場波動如何，您都可以放心，您的存款可以以固定的速度增長。
我很清楚這一點，不過，這不是我投資的首選，如果我提前提取資金，我將失去所有賺取的利息。
如更有吸引力的利率，怎麼樣？這樣無風險的產品您會考慮嗎？
據我所知，透過數碼銀行存定期存款可以獲得更高的利率，坦白說，我覺得吸引力不夠。
您說得對，於網上渠道提供的利率可能會比分行的利率高一點。
您還有其他方法可以賺取更具吸引力的利率嗎？
您一定是個聰明的客戶，您在不同的銀行開過賬戶嗎？
當然有，我有好幾個銀行賬戶，只要定期存款利率有吸引力，我就會把錢轉移到不同的銀行。
銀行希望增加客戶的存款，您知道原因嗎？
我估計銀行可以用存款來產生更多的收入。
正確，如果銀行能獲得更多存款，就可以借出更多貸款，包括按揭貸款和不同類型的貸款等賺取利息來賺錢。
這就是為什麼我經常收到不同銀行的促銷電子郵件。
收到此類電子郵件後您會做什麼？
我會比較不同銀行的利率，如果有足夠的吸引力，我可能會將部分餘額轉移到另一家銀行。感因為數碼銀行的好處，我可以在一分鐘內完成。
部份銀行的策略包括鼓勵客戶將儲蓄集中到一家銀行。
那是什麼的意思？
如果您的結餘在「指定」期間內增加，當您開立定期存款，並便可享受誘人的利率。
哦，抱歉，我無法理解您的意思。
我簡單說一下，如果您能不斷地將更多的錢從其他銀行轉移到一家銀行，那麼結餘的增加，您就可以享受更高的利率。
您在開玩笑吧？
不是，這種結餘的增加被稱為「新資金」。
「新資金」？我以前沒聽過這個詞。
如前所述，銀行希望透過吸引客戶並將存款集中到一家銀行來增加存款。
有很多銀行提供「新資金」定期存款嗎？
部份銀行有此類優惠，但計算「指定」期限的邏輯可能有所不同。
有什麼區別？
部份銀行可能會使用過去15天、30天或更長時間來計算結餘的增加，請在轉賬前查看其條款和條件。
我有一個主意。
我猜您知道我的意思。
如果我能夠在那些提供新資金定期存款優惠的銀行內巧妙地轉移資金，我就可以享受新資金優惠的優點。
您太聰明了，這是一項無風險的投資，如果您接受銀行之間轉賬的額外步驟，您就可以賺取這樣的額外利息。
由於過去兩年我的股票表現很糟糕，我認為我必須將投資組合的一部份轉向低風險投資。
炒股時，要面對市場、全球及商業風險等不同的風險，投資股票市場想要獲利其實並不容易。
我怎樣才能減少這些風險？
投資智慧太複雜了，您必須有知識、有耐心、有紀律，甚至更多。
我非常同意您的觀點了
您可以考慮我的做法，我已經找到了幾隻股息穩定的股票，經過進一步分析，我現在專注於兩隻股票進行長期投資。
我每個月都會用固定金額買這兩隻股票的股票。
為什麼？這種方法有什麼好處？
這樣，價格下跌時我可以多買一些，價格上漲時我可以少買一些，一段時間後，每份股票的成本就會平均下來，我就不用擔心期間的價格波動。
此類投資與「平均成本法」原則的使用有關。
我關心的是是否有保證回報。
主要是由您賣出股票時的賣出價決定。
如果不能保證，為什麼還要考慮呢？
我想減輕短期價格波動的影響，另外我選擇的股票也可以發放穩定的股息給我。
好吧，即使售價低於您的成本，穩定的股息也能幫助您減少損失。
我認知到這是我買股票的問題，我可能會突然在高價買股票的衝動，有時我會因為自己的不理智行為而無法控制自己。
這完全是我做出的錯誤購買決定。
我覺得這對一般投資人來說是很常見的，這個「平均成本法」原則您可以參考一下，可能會有幫助。
謝謝您今天的分享，我的投資遭受了很大的損失，所以我也應該採取更謹慎的方式來處理我的投資。
我們可以從經驗中學習。如果還有其他問題，請告訴我。再見。
非常感謝，再見。
不客氣。
免責聲明：投資涉及風險，內容僅作為英文的教材。