Hi! I'm currently a uni student and I have money saved up so I want to invest some of it but don't know how and where to start. Can I please have any advice?

Hello, some low risk options are FD and SSB, here are other safer investment options for you to consider too. you can consider robo advisors such as syfe.

ETF eg S&P

Hey Amhir,

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Firstly congrats & good job on having the disciple to save up money at a young age. It is really a lifelong skill which you will thank yourself later down the road.

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To answer your question, there really isn't a model answer for this and it really depends on your goals & risk appetite.

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Low risk: Fixed dip & high yield savings acct

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Medium risk: Endownment plans, unit trusts, etfs, funds & etc

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High risk: Stocks

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Its always best to have your money placed in a diverse range from products from low to high risk. (high risk if you are comfotable that is).

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It can be daunting at first but start small, slowly build up your knowledge and you'll be there before you even notice.

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Lastly, not everyone needs to invest or be a fiancial wizard. There are many singaporeans that have comfotable lives who do not invest. Spending wisely, saving inteligently, good work ethics & improving your employablility. These are far more important for your financial health that knowing where to invest.

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Hope this helps! :)

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I think the best is you have a high savings account first to begin with

1. CIMB recently give promo for new/exisitng customers to get 3.3% interest from now till 31 Jan 2025.
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   Simply download MariBank app and use my referral code: 9QIX74AI. Insured up to S$100k by SDIC.

Personally I started by putting my money in a guaranteed kind of Investment

Chocolate Finance where they offer 3.6% for first 20K and 3.2% for next 30K - daily interest and flexibility to withdraw anytime

https://share.chocolate.app/nxW9/qhhg2b7y

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Then I will go around shop for ETF/SG Banks/REITs

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