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Anonymous

Edited 25 May 2022

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General Investing

I have 30k savings on my DBS account that I can invest anywhere. Where should I park this extra money? Is DBS fixed deposit a good idea for invest for two plus years?

Or do I invest it in digiPortfolio? I'm very new to investing and I just want my savings to go somewhere better than parking it on my savings account. I also can save 1k a month to grow my savings or for investments.

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Siyi

01 Feb 2023

Be aware that DBS FD will have early termination penalty, meaning you would not be able to get back your principal amount for premature withdrawal.

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Yi

02 Jun 2022

For your monthly savings for investment you may consider using robo to invest in major US index.

You can also potentially look into putting a comfortable amount of lump sum into that index via robo. Looking at the market now, seems like a downtrend but I do think it could potentially be an opportunity. But always do your own due diligence and research before entering. All the best !

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AK

02 Jun 2022

Agree that for new investor like you, the cash options at Robos may be a good idea, but there may be...

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