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Alex Chua
07 Apr 2019
Seedly student Ambassador 2020/21 at Seedly
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Just Being Ernest
24 Mar 2019
Content Creator at www.youtube.com/c/JustBeingErnest
You can buy safer investments such as
-fixed deposits
-retail bonds
government bonds
singapore savings bonds
until you read or learn about investment or if you want to go through the school of hard knocks then you can go into stocks investment.
sometimes going through the most painful way is the fastest way to learn.
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Jonathan Chia Guangrong
12 Mar 2019
SOC at Local FI
Go for investment courses and shortcut your learning by engaging in the mentor's system. Then pay for perpetual trade alerts.
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Hello!
i think you can opt for regualr savings plan that banks such as POSB offer where you only need to invest a regular amount monthly. Or you can also invest in cpf or SSB since these are safer forms of investments.
However i think it is still important to know a little background of the investment you are doing before engaging in any investment!
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Gabriel Tham
12 Mar 2019
Tag Team Member at Kenichi Tag Team
Singapore Savings Bonds.
CPF...
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The best advice for you is no advice. Just actions
For benefit of doubts,
You could lose more money for being ignorance.
Ask yourself this question, how much or how far do you want to earn money from investment?
Ascending orders (from 0)on how much energy or brain power to make a decision or action:
Option 1: savings - earning 0.05%interest (0 energy - because you already have one)
Option 2: CPF (0-1 energy because garment help u unless you are freelancer)
Option 3: RSS. Easiest to open dbs invest saver.(2options to choose). 3 other RSS ( Phillips, maybank, ocbc - not lazy enough to learn to choose counters) (energy varies based on difficulty of applications)
Option 4 (if not lazy to open cdp accounts) - buy SSB ( 3-4 energy)
Option 5:
Not lazy to sign up online for robo advisor?
Hmm choose which one?? (3-5 energy)
Option 6:
Not lazy to talk to financial advisor? Endowment plans - earning 2-4% interest? Guaranteed principal + capital??
Wait, do you know how to differentiate between a ilps and endowment plan?
(6-10 energy based on travelling time to meet one and how talkative or informative the advisor is)
Choose 1.