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Anonymous
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Victor
26 May 2021
Financial Service Consultant at AIA
Learn more skills
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Colin Lim
14 Apr 2020
Financial Services Consultant at Colin Lim
During my NSF time, i stay in camp and save alot of money in bank... But i didnt do anything to it. 😂
Its good to see you have start doing something and growing your wealth.
First, dont force yourself to buy because you just want to invest that remaining 5.5k
When i ord, i rest 3 months, found a job after another 3 months. Start your planning first.
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I would suggest you put a small amount into StashAway, and invest a small amount every month ($100/$200). Since the market is climbing, StashAway gives away higher than normal interests with little risk and no management.
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Dyon Yip
14 Apr 2020
Financial Consultant at Great Eastern Financial Advisers
Hi there!
If I am in your position and this 5.5k is not a necessity for me to use it in near futur...
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Consider taking more skills and investing in more aggressive holdings.
Depends on your risk/return expectations and risk tolerance. For SGX, go with utilities and government/Temasek-backed companies. Singtel, Capitaland and SBS are my top picks as they represent essential services. SIA, Keppel Corp, Sembcorp a bit risky due to cyclical downturn from COVID-19 at this point in time, where aviation and oil and gas have been suffering.
For US market, tecommend to try diversifying to both tech and non-tech, or if all else fails, just go with a low cost ETF like VOO or SPY to ride out the economic recovery. Do note that you may see sharper swings.