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Michael Wong
12 Aug 2020
Seedly Student Ambassador 2020/21 at Seedly
Investing is a sensitive word. The question you need to ask yourself is how much risk appetite do I have? To simplify the whole thing, are you comfortable with the possibility of losing your capital?
If no, then you should consider safer instruments such as fixed deposits of 1 year (do it twice). Alternatively, Singlife is an insurance savings plan that provides a non guaranteed 2.5% (capital is guaranteed though). Standard Chartered bonus saver (normal bank account) provides you a 1% interest up to 26 years.
If yes, then you can consider trying robo advisor platforms such as stashaway where they build a portfolio for you based on your risk profile. If you're able to hold on a longer time horizon of lets say 10 years, perhaps you can consider looking into equity unit trusts.
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Kah Seng
12 Aug 2020
Logistics and Supply Chain Management at Singapore University of Social Science
For a short time horizon of 2 years, the best will be a high interest savings account. SingLife will...
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Singlife!!! 2.5% p.a
If you’re okay to deal with risk -> Robo-Advisors to get higher returns hehe