25 Feb 2020
Currently, I have funds in Singlife Account (2.5% interest p.a) maxed out, Etiqa Elastiq (2.02% int p.a), Standard Chartered Jumpstart (2% int p.a).
Invested in Syfe REITs, Stashaway, MoneyOwl and some stocks in CDP. Don't think I should put these funds into investments or should I consider adding it into REITs for the dividends? Any guaranteed/safe options to recommend?
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25 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
It is not feasible to fully repay your study loans with guarantee and safe options like ssb.
I would recommend consolidating your
investment, your cash flow and your goal during and after university
Cash Flow should be your priority in university
What is your monthly spending? Your annual spending?
What if you need money to buy laptops, projects or oversea exchange?
This includes your dividends from investment and money from external source
Are you free during university?
Do you want to invest during your school term?
Not at all -: passive investing - etf or roboadvisory
Passive-active : dividend - Reits and blue chips
(I assume that you have little time in university and would like to spend more school time)
You mentioned that you want to repay fully with a guaranteed and safe option. Honestly, there is no such option unless your capital == your repayment (and you will not have capital loss). You also need to take into account of potential loss (your marginal of safety : your withstanding amount vs your target amount)
Then you need to reorganise your portfolio. Or what roles or purpose do you give to each instrument? Can u maximise further or do you want to withdraw? Do u have better alternatives?
E. G singlife?? E. G etiqa,
After evaluating the above, u can then decide if you should invest into stocks, Reits, robo advisors, etc. Decide between Riskier or safer options
For examples, you can refer to @Pang zhe liang
24 Feb 2020
School Of Hard Knocks And Life at School Of Hard Knocks And Life
Singapore Saving Bonds and fixed deposits would be the safest option since they are more liquid and you could withdraw anytime to repay your study loan since you have the intention to repay in full before graduation. I don't think you want to consider other investments since you already have other portfolios.
Considering that you will need to use those funds within the next few years when you graduate, i wou...
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