facebookI have about $15k sitting in my bank right now, I'm looking for options on how to make my money grow while I'm studying in Uni. Is there any recommendations? - Seedly

Advertisement

Anonymous

18 Apr 2019

βˆ™

Random

I have about $15k sitting in my bank right now, I'm looking for options on how to make my money grow while I'm studying in Uni. Is there any recommendations?

My tuition fees are covered by a scholarship, and I have another $7k or so in an insurance that is maturing in 2 years, and I'm starting Uni soon. Thanks!

Discussion (3)

What are your thoughts?

Learn how to style your text

How big is your risk appetite, or how knowledgeable are you about investments? Of you are new to investing and don't want to manage anything on your own, consider Singapore savings bonds or even investing via robo advisories. You can select a portfolio based on your risk appetite for the latter. If you are willing to spend to learn an investing skill, consider paying to attend a workshop on learning how to manage an options portfolio. You can learn how to make money even when you are wrong about your selected stock. I'm personally using this instrument to fund my retirement in a few years. Hope this helps

Gabriel

19 Oct 2018

Undergraduate at National University of Singapore

It all depends on your risk appetite

  • STI ETF, can invest with POSB's RSP (Invest saver)
  • US ETFs via Robo-advisors (Stashaway/AutoWealth/Smartly)
  • Singapore Savings Bonds
  • P2P Lending

Or simply leave it in a high interest savings account like CIMB FastSaver which gives you 1% interest per annum or fixed deposit account. CIMB is giving 1.84% for their 12 months FD until the end of this month.

Some options are:

Bonds

Singapore Savings Bond

REITs

Stocks

Regular Savings Plans

Robo-Advisor...

Write your thoughts

Advertisement