facebookI am working for around a yr and is using the Multiplier account to grow my money. Looking towards investments to grow my money - Digiportfolio or Invest Saver or keep all in Multiplier account? - Seedly

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Anonymous

04 Aug 2020

Saving Hacks

I am working for around a yr and is using the Multiplier account to grow my money. Looking towards investments to grow my money - Digiportfolio or Invest Saver or keep all in Multiplier account?

More about me:

  • have 40-50k savings in Multiplier (income + credit card spend only)
  • just invested some money in digiportfolio
  • am thinking of BTO and marriage in next 1-2 years

With the current market conditions now, is it better to:
1) Invest more into digiportfolio
2) Invest into DBS InvestSaver (especially considering that it will give me better interest rates). If yes, which ETF should I be investing in?
3) Keep my money in the multiplier account?

Discussion (3)

What are your thoughts?

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Hi there,

it’s great that you’re planning ahead for marriage and BTO. However, you should be focusing on both short term and long- term savings.

As somebody already mentioned, a great way to take advantage of current market conditions is to invest in ETFs. I’d recommend a platform called kristal.AI because it has zero fees for your first $50K (a deal you won’t find on any other platforms) and you get global access to a wide range of ETFs. They also have an algorithm you can use to get personalized investment recommendations so you don’t have to worry about timing the market.

You can also look up their SIP program which allows you to invest smaller in longer period of time with bigger benefits compare to Lump Sump investment.

Here's the link to kristal.AI's review

https://seedly.sg/reviews/robo-advisors/kristal-ai

Hope this helps,

Cynthia

Colin Lim

26 Apr 2020

Financial Services Consultant at Colin Lim

Congrats on getting married. in the next 2 years... you may need spend alot of money ... wedding photoshoot, wedding banquet, etc...

bto have to depend on luck...so if u are lucky u can get it...if not, any plan B? Resale? If resale u may need to calculate your cashflows and how much is your budget for your resale. Renovation?

for digiportfolio and DBS investsaver...I tried...I don't like it..

if u want short term gains during this period..focus on US ETFs , I recommend stashaway...

otherwise continue to put into your multiplier account.. because u may need it soon 1 to 2 years time.

you can reach out to me for more financial planning

#planwithcolin

Pang Zhe Liang

24 Apr 2020

Senior Financial Services Consultant at AIA Singapore Private Limited

We need to arrange a few things before deciding on whether to invest.

Cash Flow

Firstly, we ne...

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