11 May 2020
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I feel that you should not rush into investing that quick before you acquire knowledge like the know-how, the types of investments available, the cost, the risk-reward factor, etc.
Savings still serves a purpose to tide you thru rainy days.
And Investments requires constant and regular "feeding" in order to achieve the compounding effect.
In order to feed, you need regular income.
So If i have 5k I would not invest in any products now. But to study the know-how first and in the process find out what kind of investment products suit me best.
I think that it would be a good idea to invest some of your savings as well as continue to build up your savings! I personally think that you should invest as early as possible. since you are still rather young, it would be good to start investing now! you do not have to invest all your savings, perhaps about $100 each month into ETFs and at the same time continue to build up your savings!
Hope this helps and all the best in your invesment journey :)
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