facebookHi all, I'm 22, a uni y2 here, currently have 8k in StashAway. Have an extra 10k savings that I really don't want it to sit in the bank. Should I just split the rest in StashAway and at what risk indexes? - Seedly

Anonymous

09 Jul 2020

Robo-Advisors

Hi all, I'm 22, a uni y2 here, currently have 8k in StashAway. Have an extra 10k savings that I really don't want it to sit in the bank. Should I just split the rest in StashAway and at what risk indexes?

More info: 3k at 12% and 5k in Simple but haven't been DCA-ing for a while.

Looking to DCA a few hundred in a >20% one and the rest in the other two. Plan is to clear my student loan asap after grad with all these but tbh I don't know if that's even optimal (too short term of a goal?).

Also wondering if just SA is sufficient since it's passive and relatively brainless, or should I just not be -lazy- and try out other investment vehicles or even other robos..?

Any input is welcome! Thanks!!

Discussion (8)

What are your thoughts?

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1) put 10k into singlife to get 2.5% p.a!!!
2) the remaining 8k -> Dash for 2% p.a
3) or sign up short term endowment plan & make sure it’s GUARANTEED returns!

Assuming that the full 18k is meant to clear student loan, I wouldn’t put any of them into investments as those are for more long term goals.

Instead, I would do the following:
First 10k into Singlife to earn 2.5%, which is more than what stashaway simple can provide

Next 8k into either Dasheasyearn (2% first year, 1.5% subsequently) or Elastiq (1.8%).

Tan Wei Ming

08 Jul 2020

Founder and Writer at Frugal Youth Invests

As you have highlighted that your goal is to clear your student loan asap, I think it is unwise to i...

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