facebookI am currently 25 this year and have managed to save $10K, is it a “good” amount to start investing or to keep saving for the future? - Seedly

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Anonymous

29 Feb 2020

Random

I am currently 25 this year and have managed to save $10K, is it a “good” amount to start investing or to keep saving for the future?

Discussion (23)

What are your thoughts?

Kenichi Xi

Kenichi Xi

11 Jun 2018

Level 9·nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

If we are talking about investing,

  1. How much profit do you want $10k to return you before you need to use that $10k?

or

  1. How much that $10k can be an asset that you won't be spending but used to generate income to cover your expenses or add on to your savings.

That will answer your Question.

View 1 replies

Gabriel Tham

Gabriel Tham

11 Jun 2018

Level 14·Tag Team Member at Kenichi Tag Team

It is a decent amount for investing. Probably pick 1-2 counters to buy because 10k if you diversify too much, the transaction costs will eat a big chunk of your capital.

So be prudent and choose the right stocks or etf to invest in. Put into Singapore savings bond is another good option.

If you have outstanding debt eg. Student loans, best to pay them off first. Otherwise can consider s...

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