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Mandy Ng

Mandy Ng

Level 5

17 Dec 2019

Any recommendations for SRS investing?

How do I go about it? is it worth giving it a shot? any viable alternatives that I should consider instead?

14

    Discussion (14)

    What are your thoughts?

    Elijah Lee

    Elijah Lee

    04 Dec 2019

    Level 17Β·Independent Financial Advisor at Phillip Securities (Jurong East)

    Hi Mandy,

    Tons! In a nutshell, your SRS monies can be used for

    • Single Premium Retirement Policies

    • Unit Trusts

    • SG listed stocks/REITS/ETFs

    • SG Listed bonds

    • SSB

    Just don't leave it in the bank doing nothing.

    There is no right or wrong answer as to what to deploy your SRS monies in. So I would say that you should take some time to understand all asset classes and what their pros and cons are, before you dive in. Remember that SRS monies are meant for retirement, so you should plan with that in mind.

    If it were me, I'd invest in slightly safer instruments. SRS, along with CPF, will form the backbone of my retirement and I'd like just a little more certainity with what I'm going to get. I'll be sharing more during an SRS seminar next week, link's in my profile.

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      Kelvin Seetoh

      Kelvin Seetoh

      03 Dec 2019

      Level 7Β·Founder at Kelvestor.com

      Hey Mandy!

      I like iFast a lot because they are a platform which earns fees from various sources. However, one downside is they are a financial platform which means during downturn, people may pull out their funds and iFast may earn lesser.

      If you're thinking of investing for the long term, you should consider visiting iFast corporate websites and seeing their latest financial results! During the next crisis, you could also load up VICOM too!

      Most importantly, if figuring out how to analyse a company is too time consuming, you could follow Isabel's approach of looking at some stable and attractive policies.

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        Shengshi Chiam, CFA

        Shengshi Chiam, CFA

        06 Dec 2019

        Level 10Β·Personal Finance Lead at Endowus

        Hi Mandy,

        As what many people have pointed out, you can invest in

        1. SGX listed securities

        2. U...

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