Hi everyone! I'm a year 1 NUS undergraduate and get a scholarship allowance each semester. Any advice on where I should invest?

I get a living allowance each semester (~$3000) which I don't need to tap on until possibly around Year 3 (as I am planning to save it and use it for any overseas trips instead). With my own money, I'm currently invested in StashAway and Syfe Equity 100 and will be continuing DCA with them.

I've been looking at green funds but they seem more worth it if I am buying larger amounts. Do you have any advice or recommendations on where I should put this additional $6000 a year? Thank you!

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JeffreyLeeZQ

10 Mar 2021

Writer at Jeffreyleezq.com

I think whatever you are doing now is pretty good and you can continue with it.

Though why not consider doing the investment yourself through a brokerage to further reduce the cost?

- Jeffrey (jeffreyleezq.com)

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Jamie

10 Mar 2021

Hi Anon, great to hear that you have started your investment journey in year 1 :) Here is my advice on your situation, but you should still do your own research to find out what's best for you

Continue DCA with SA and Syfe. Perhaps you can increase the amount invested with them.
Ensure you have sufficient emergency funds in case any situation crops up suddenly. You wouldn't want to face the issue when all your money are locked in investments and you can't get it out when you require money.
Research and read up more about green funds since you are interested in them. Personally i have not heard much about it so i can't advice you on it.
Consider trading. But be sure you learn the fundamentals well since the stock market is known to be quite volatile these days.

All the best for your investment journey and for your studies! :)

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