24 May 2021
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.
Consider splitting your 10k into Standard Chartered JumpStart account (1% interest), Singlife (2.5% interest, not guranteed) and StashAway Simple (1.9% interest, not guaranteed). Only invest when you are sure that you have enough emergency funds to self sustain and consider your risk appetite and time horizon. Robo-advisors can be an area to look into as they are rather customizable and take into account your risk appetite and financial goals. Such examples are StashAway, AutoWealth, EndowUS, kristal.AI.
Glad to hear you are so keen on starting your investment journey!
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