Fixed deposit is a banking term describing a savings account generally regarded as low-risk and safe, with dependable returns.
It is boring, dependable, and consistent - essentially a safety net. Having large enough savings in a fixed deposit allows you to venture into the risky business of the stock market, commodity trading, or, for those who yearn for high-risk, high-return excitement, cryptocurrency and foreign exchange speculation.
Fixed deposits are always there; they ensure that when hard times come, they will be the ones keeping the lights on, the water flowing, and food on the table.
While Leong’s writing makes logical sense, there is hardly any...