04 Sep 2019
Currently doing DCA into etf with my salary. Having satisfied the criterion for bonus interest in UOB, my effective annual interest is 1.9% due to the base amount. By having more cash in the account would translate to higher interest bonus (>2%). And the only way would be investing in etf/ssb (low risk profile here). Would taking out say 10k from my account and using it for SSB be a better option rather than having the full amount in the bank?
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I believe you are using UOB one account. This question is subjective, however my below is my personal point of view. Since you are in your mid 20s but you have mention you are risk averse. It really depend on your time horizon of investment and your personal commitment. Ask yourself, whether you have at least the basic insurance coverage example H&S policy? Do get yourself covered first before any investment. It's good that you had set aside emergency fund of at least 3 to 6 months.
If you had basic insurance coverage. My view is Singapore savings bond will require long term investment and commitment, however you could say it's low risk or rather no risk. Once you have done it. You could look for low risk stock/blue chip by opening a CDP account from SGX. You will then diversified your portfolio.Anyway, since you are still young. You could actually open up and accept more risk. Good luck to your investment
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