14 Aug 2020
01 Dec 2021
Communications at University at Buffalo
Hey there! $10k is a great milestone achieved after working for a year! Congrats 👏
When it comes to savings, we should always start early (as early as one can), save little and save often. I am a beginner investor myself and also started around my mid 20s. Perhaps, this article can help you get started on building your wealth. It talks about building healthy saving & spending habits and just being mindful: https://bit.ly/Wealth20s
Oh and one more thing, you may want to consider exploring alternative investment vehicles such as gold. I personally found investing in gold super interesting particularly as I want my money to grow but without the volatility that comes with investing in high-risk options with the added advantage of liquidity for when I need cash. This might be important for you since you will be taking your degree soon. Here's an article which will help you decide which vehicle is best for you: https://bit.ly/5GrowthOptions
Hope this helps and all the best!
Look at your current expenses and try to cut them as much as possible! This way, you will have more spare cash which will serve as your principle to invest regularly, aside from doing a lump sum investing. The power of compound interest should not be underestimated! Always be investing into your future regularly, you will be grateful to yourself in the future :)
I would recommend putting half the money into money into S&P500 which will guarantee about 10% returns. (around 14k after 4 years) and half into more risky individual stocks. You may consider disruptive tech company stocks, as they have shown exponential growth rates in the last few years.
Hey! You might wanna consider using a safer option for starters such as an endowment. Its looking long term; the endowment may form your housing funds or nest to invest. It may not be advisable to attempt to invest while you're on a loan. The investment, if fails, might end up adding to your already existent liability.
If you are still keen on trying, try ETFs :) STI is a good place to begin with but the returns may not be fantastic compared to say, the US ETFs. Also because ETFs are diversified so you don't have to be worried if your stock pick fails. S&P500 is great for tracking the top companies in the US while NASDAQ are mostly for tech stocks.
24 Feb 2020
School Of Hard Knocks And Life at School Of Hard Knocks And Life
I would recommend you to keep the money in fixed deposits or Singapore Saving Bonds since you need t...
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