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Anonymous
Hi,
I'm a female above 35 years of age and married with no kids. After selling my HDB flat, I have an extra 40-50k to invest. I know nothing about investing. Can you advise me on where I can invest this amount for good returns, nothing high risk as I do not know about investments? I do know about time deposits though but the returns are very small. What would be the best advice you can offer me? Thanks
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Teo See Hwa
07 Jun 2019
MArketing Associate at Propnex
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Hi there, actually i think the best thing you can donow is just, get a broker account, deposit 1k - 2k inside, and just buy any stocks (something that you can see / understand eg local banks / telcos / big global companies), and then you will figure out the rest.
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Even if you lose some money (lets say 10% on the 2k), it's probably a small amount ($200) considering the fact that this will make you take action today. the inaction today will probably make you lose out on more money (in terms of compounded return) in the long term. :)
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Read up first before investing. If you want something that's low on risk, buy Singapore Savings Bonds (SSB).
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If you are looking at stock investing, then definitely read up first. Some good websites include Budget Babe, Dollars and Sense and The Fifth Person.
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May also wanna check on the defensive portion of your portfolio such as insurance.
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Gabriel
03 Oct 2018
Undergraduate at National University of Singapore
For a start, you can consider investing in the Singapore Savings Bond, STI ETF or make use of robo advisors such as StashAway or Smartly. But as always, all investments come with risk so remember to diversify your investments and read up before investing into something, do not invest blindly
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Jonathan Chia Guangrong
02 Oct 2018
SOC at Local FI
Well, knowledge is power. Start off by getting some books to read. Millionaire teacher and Learn to ...
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Many go into investment without knowing much which increase the risk of failure. Driving a car is not risky but not knowing or with limited experience in driving made driving a car risky.
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You already buy and sell HDB, use the experience to understand more about property investment instead.
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