It's great that you are already thinking of different ways to ensure financial independence whether is it setting short-term goals or long-term goals.
When I first started my financial and investment journey, I wanted a financial partner that would give me the convenience of a one-in-all platform, offer mutiple functionalities and give me flexibility on how much to invest without too many penalties or charges.
If you have already turned 18, you can consider Hugo Save. It is a digital account that helps you spend, save & invest, starting with gold. If you are keen, you can download and try the app here: https://www.hugosave.com/
I love the fact that Hugo makes saving and investing a habit and not a chore. It has helped me save and invest a little every singe day. If you are interested, you can read more about them here: https://www.hugosave.com/
Generally, the difference in your investment horizon of 5 and 15 years could lead to different ways to manage those investments. However, it will also depend more on other factors such as your age, your personal circumstances, your needs for those investment goals. Are they like retirement (something that is a must to secure a certain standard of living) or is it a car (for which you can afford to delay the goal a little and have flexibility, etc.) - It is hard to generalize. But if we do just take all other things being equal just a time horizon towards investing then obviously the shorter time horizon means you will have less appetite for risk and volatility of returns. We can maybe 1) diversify your asset classes to diversify risk - it is the only free lunch for us! 2) own more fixed income - maybe further out in the duration risk/credit risk to achieve a more stable source of returns, 3) make sure we are not taking undue risk - for example FX or other risks that we should take into account to raise the probability of success of our investments. At Endowus, we invest in SGD hedged bond funds that are diversfied and low costs so volatility is lower for the returns you get. Hope this helps!
Long term - Bonds
Short term - Stocks / Mutual funds!
Stock picking can be done too if you wish bu...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Endowus Cash Investments Portfolio
0.25% to 0.60%
ANNUAL MANAGEMENT FEE
EXPECTED ANNUAL RETURN
Web and Mobile App
[PROMO] Get S$20 off access fees. Valid till 31 Dec 2022. T&Cs apply. Learn more below.