Anonymous

04 Aug 2020

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I just joined the workforce about 1 year ago, and have recently started investing in stocks and ETFs. Just wanted to know, what is the recommended liquid savings that I should have after investments?

What is a good amount to keep on me after investing?

Discussion (3)

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Colin Lim

25 Apr 2020

Financial Services Consultant at Colin Lim

Liquid savings... U should aim multiplier acct. SC Jumpstart should be suitable for u since you just enter workforce.

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Hariz Arthur Maloy

25 Apr 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon,

A recommended amount of liquid savings should be before investments, not after.

You should have had this amount first before dropping a single dollar on the securities market.

1) Emergency Fund of around 6 months of expenses.

2) Any money needed within 3 years.

3) Daily spending of about 1 month of income.

So if you make 4k/mth. Spend 2k/mth. And have a wedding that'll cost 15k and a renovation for a home that'll cost 20k coming up within the next 3 years.

I'll make sure I have 12k (emergency) + 35k (money needed within 3 years) + 4k for (day to day spending) set aside before investing.

Oh and make sure I'm adequately insured first as well.

Then you can safely deploy any money saved after that into the markets monthly.

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Pang Zhe Liang

25 Apr 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Before your start investing, it will always be helpful to go back to the basics - understand your ca...

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My parents have a sum that they want to invest with relatively 'low risk'. I came across TEPs a year ago and want to recommend to them. Just want to know how do they calculate the Sum Guaranteed?

I've just started my first job. With income streaming, I want to start investing in ETF and REITs. Which brokerage is recommended for 21 years old?

Could anyone let me know how ETF works? What do I need to know or take note of before starting on investing in ETF? Which ETFs are the most recommended ones?

26 working, have been saving and never invest before. Thought I should start investing and have been reading up. Plan to invest ~100k in ETFs and perhaps reits, stocks, any advice how I should start?