facebookI have $40,000 spare cash to invest from an inheritance. I'm a first jobber and don't spend much, have no debts or financial liabilities. How should I get started? - Seedly

Advertisement

Anonymous

09 Jul 2019

SeedlyAMA

I have $40,000 spare cash to invest from an inheritance. I'm a first jobber and don't spend much, have no debts or financial liabilities. How should I get started?

AMA First Investment

Discussion (5)

What are your thoughts?

Learn how to style your text

Jefremy Juari

09 Jul 2019

Financial Writer at Medina Books

You haven't felt the need to spend on a house or wedding yet, but you do have a leg up. I would suggest splitting your cash into medium and short term funds. Short term funds should have a 3 day waiting period to resist the urge to spend. Medium term funds should be growing above 4% and locked for periods at a time. Focus on gaining knowledge first. Always remember, never give away what advantage you have, build on it. Increase your exposure to financial literature.

While you are still thinking where to put your money, put it in Singapore Saving Bond (SSB) now. Once you know a better option, then withdraw from SSB.

Lim Wei Siang

07 Mar 2019

Financial Consultant at Advisors Alliance Group - Aia Fa

Have you spoken to any Financial Consultant?

I would encourage you to do so.

  • Having that inher...

Write your thoughts

Advertisement