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Anonymous

21 Jan 2021

∙

General Investing

How can I invest in USD with $50k USD savings?

I have some USD savings (>50K), don’t plan to convert as low FX but want to keep in cash vs investing. Can only think of foreign currency fixed deposit but interest is very low. Any suggestions?

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Nicholas Beh

21 Jan 2021

Student Ambassador 2020/21 at Seedly

Which bank is your USD deposited in?

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Investorean

20 Jan 2021

Hi!

You can consider using the money for investment if you dont intend to spend it for let say 3 to 5 years. Either you can pump into robo adviser or Invest in US market.

If you considering to do investment, Tiger Broker allow direct transfer in of usd from your bank to the trading account. What I did previously with my usd, i open a dbs my account which is a multi currency wallet with no fall below fee. After which I transfer the money from there into Tiger Broker without the need of currency conversion or additional fee.

This is just one of the way you can grow your money like how i did for mine as i would say, the banks interest are pretty low now. If you considering to open a Tiger Broker account, do drop by my blog for the step by step for it :)

https://investorean.blogspot.com/2020/12/how-to...

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I am an investing newbie here, if I have savings of $50k to invest now, what suggestions do you have for my portfolio?

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