facebookI am 27 and have $120,000 cash in different bank accounts - DBS Multiplier, SC Jumpstart etc. I've no investment knowledge and no time to acquire investment knowledge. What should I do to start investing? - Seedly

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Anonymous

14 Aug 2020

Saving Hacks

I am 27 and have $120,000 cash in different bank accounts - DBS Multiplier, SC Jumpstart etc. I've no investment knowledge and no time to acquire investment knowledge. What should I do to start investing?

Discussion (9)

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Michael Wong

14 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

Rather than investing in the hundreds of stocks and shares that you might find online along with the countless amount of research... It would be better to have exposure to unit trusts. So I believe that you should speak to a banker and enquire about unit trusts from each of the representative companies. Just take note of the different fees offered by the different bankers.

"You fail to plan, you plan to fail". Personal finance is well, personal. And if the richest people on Earth can find time to read and learn and plan, then perhaps you can too, no matter how little.

Think this community is able to guide and give some suggestions, but ultimately you are responsible for your own decisions, so really, the best thing you can invest in is in yourself now.

Just use a robo-advisors like stashawy, a no-brainer, safe and reputable!!!!

Royalchem

09 Jun 2020

Project Officer at Security Related

Open a broker account, they will set up cdp for you

Hey there!

Great job on accumulating that sum at your age.

For starters, dollar cost averaging in...

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