I am 21. I have a cash worth of 120k~. I am want diversify my money but I am not sure what I should do. Someone please advise me? Right now I just have two regular account with posb n ocbc.?

Go to libbyapp.com and login via your NLB account, and go borrow as many personal finance / value investing books to improve your financial literacy instead of needing to ask anonymous online sources as a mental crutch for piecemeal advices which fluctuate as frequent as the sentiment wavers

My advice is that its importance to increase your financial knowledge first and understanding your personal risk appetite! This would require some effort put into research and self-reflection. Take the time as you are still young and in no rush. 

Some questions: "Am I investing in hopes of realising it all in the future to fund my child's future education/buy a house?" or "Do I want it to be an alternative source of annual income that can come in terms of dividend?" 

Important thing now is do not rush into buying popular stocks now just because they're cheap. You need the financial knowledge first to pick good stocks and evaluate them yourself. The notion of what goes down will come up worked in the last recession but this one seems to be an unpredictable battle to be honest.

I would recommend investing 50% in a market portfolio like S&P500 ETF as it historically yields 10% return and has a general upward trend. Another 50% can be other individual stocks that you like and see a potential of 10% return. Diversification is always important. There is no reward for bearing unnecessary risks. 

While building up your knowledge, you can think about investing in low-risk savings plans (e.g. from banks, SSB) first to gain some extra interest, instead of keeping cash in the bank.​​​

I think just spending more time at Seedly and reading through the articles and forum discussions will help bring clarity to your mind. For instance, I personally dismissed Singlife account as dodgy when i saw its ad on my fb feed, but upon reading how some Seedly posters had gotten accounts and are earning interest from it, I cast aside my skepticism and got myself an account too. Check it out: 2.5% per annum for the first 10k. so this is one concrete way in which seedly has helped me

this is a good article to kickstart your journey: https://blog.seedly.sg/singapore-platforms-to-i...

like you, i get a bit overwhelmed upon thinking about the numerous investment options out there. so i decided to just focus on robo-advisors this year as it entails passive investing, which doesn't require me to monitor the markets that rigorously. signed up for a StashAway account and invested my SRS funds with it. StashAway has launched its StashAway academy inside their app; Endowus has a YouTube channel; Kristal just had a webinar yesterday. I think you can always follow these robo-advisors' social media sites to pick up more knowledge and see which platform appeals to you to most.

if nothing else, why not transfer some money to your CPF SA account? We all got to hit the Full Retirement Sum by hook or by crook. read more here: https://www.gov.sg/article/can-i-make-lump-sum-...

admittedly, it's very sianz since we can only start withdrawing from age 55 but the SA account yields a decent 4% per annum. not too shabby for a start!

good luck!

Not answering the question as I dont have that capital. But just really curious on how to amass that amount at that age if you have any tips/advice to share!