facebookI am 27 years old with $20k spare cash after saving up for emergency funds, insurance and other investments/plans. What else can I do with the remaining money? - Seedly

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Anonymous

27 Jul 2020

General Investing

I am 27 years old with $20k spare cash after saving up for emergency funds, insurance and other investments/plans. What else can I do with the remaining money?

I have already allocated:
1. Singlife 10k
2. Dash Easy earn 20k
3. Endowment plans
4. FSMOne currently holding a few stocks worth 20k
5. Stashaway DCA 300 a month
6. NIKKO AM STI ETF 100 a month

Not really interested in bank savings account; SCB Jumpstart etc

Discussion (6)

What are your thoughts?

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Hi, your portfolio looks diversified. Well done! However, you may want to protect your investments with a comprehensive Whole Life Plan, one that covers early critical illness as well. Don't forget a private integrated shield plan to cover any hospitalisation needs.

If there's a 20k above all the basic coverage needs, you can try looking at DollarDex, more index funds, potential company stocks. It depends on your risk appetite. =)

I think you already have a very solid and diversified portfolio! Depending on what you want, I would consider the following lump sum investments options

  1. Add a lump sum to your existing Stashaway investment
    2) look at overseas stocks with super high growth potential (risk is high too). e.g Tesla, square, ARK invest ETFs
    3) allocated a lump sum to buy more dividend stocks

Duane Cheng

22 Jul 2020

Financial Consultant at Prudential Assurance Company Singapore

Hi there,

If you have extra cash, during this time, you could start hedging your portfolio against ...

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