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Anonymous

24 May 2021

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General Investing

I have a savings of 10k, entering ns soon. Should I use part of the money to invest now or keep all 10k as emergency fund and only start investing with my ns income?

I intend to invest $200-300 monthly with my ns income into ETFs. Should I invest now or wait? Will 10k be too much for emergency funds? Cause I want to max out amount for Singlife to earn the maximum amount of interest. Would love to hear some suggestions.

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Victor

24 May 2021

Financial Service Consultant at AIA

Maybe use 20% of it to invest in ETF

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Wil

12 May 2021

Glad to hear you are so keen on starting your investment journey!

Before you start on this journey, I think it's good to take some time to take stock and see where your money is going every day, every week and every month. Is there a "job" for every dollar you have? Once you have clarity on that, I think it will help clarify your investment goals.

With that clarity, you should be able to decide whether you need that 10K set aside as emergency funds or put more into investments. The DCA strategy is a good one.

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Julian Lim

11 May 2021

Dear friend, NS is going to be a really 'cheap' part of your life. As you are young, you also are no...

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