facebookHi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do? - Seedly
Seedly logo
Seedly logo
 

Advertisement

Anonymous

29 May 2021

Hi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do?

21

    Post Merged

    This post is no longer accepting new comments because it has been merged with How should I begin investing as an NSF?

    Discussion (21)

    Invest in yourself, get more knowledge.

    Reply

    Save

    Share

      Depends on how hard you want to work. Firstly, you have 7.5k in savings, and 5.5k left. I would just leave them all in either SSB, or a short term endowment (less than 4 years.) This is to have money to pay off your fees on your final year and prepare for grad trip (if you intent to) and savings when you transit between being a student and working. FD also isn't a bad choice if you can find one with good rates, but SSB 1 year rate is kinda really good now.

      PS this assumes you are going to pay your fees in cash in full.

      Reply

      Save

      Share

        View 2 replies

        Wong Ming Yao

        Wong Ming Yao

        04 Dec 2019

        Level 8·Product and Community Associate at 8VIC Global Pte Ltd

        Hi,

        1) If you have a sum of money, firstly set aside an emergency fund for rainy days.

        2) make sur...

        Read 19 other comments with a Seedly account

        You will also enjoy exclusive benefits and get access to members only features.

        Continue with Facebook
        Sign in with Apple

        Sign up or login with an email here

        Write your thoughts