I am a fresh grad and working as a private tutor. I have just paid off all my loans and I now have 3k in CIMB Fastsaver, 2k in cash. Every month I will have average 3k of spare cash. How should I divide this among my POSB, CIMB, SSB and STI ETF?

Hi there!

How has your situation evolved since your posting?

I think it will be good to think of your short-term and long-term saving goals and name your various accounts accordingly. For example, my CIMB account is my Emergency Fund and my SSB is my Retirement Fund. (BTW, SSB yields ridiculously low interest rates these days. The 'in' thing to go for now is a Singlife account. 2.5% per annum!) I also have a Japan2026 fixed deposit with my wife; it's a goal that both of us came up with together. I think having such clear goals (with names!) helps to concretise your saving motivation.

Then channel your spare cash accordingly based on how soon you wish to attain each of these short-term and long-term goals.

Hope this helps!​​​

Look into S&P 500 for better returns (historically 10%)