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Anonymous

08 Jun 2021

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How to convince parents keeping money in bank account isn't the best way to utilise their savings?

Anyone here has successfully convinced their aged parents that they should invest rather than keep money in their bank account?

Discussion (13)

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By taking care of your own finances first and actually SHOWING them that you do know what you’re doing and you have track record to prove.

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Tried but failed, but so long as they're contented and happy with it leaving in the bank then it's fine

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Start with something “safer”. e.g CPF and SSBs because parents tend to think government = safer. The...

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