facebookI'm 25 this year, just started my full time job. And am trying to plan for my future. Just signed a life plan and shield plan. What should i do next? Retirement plans, savings plan or investments? - Seedly

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Anonymous

12 May 2021

Retirement

I'm 25 this year, just started my full time job. And am trying to plan for my future. Just signed a life plan and shield plan. What should i do next? Retirement plans, savings plan or investments?

11

Discussion (11)

What are your thoughts?

Hi!

Congratulations on starting you full time job. It looks like you have covered your insurance needs already. The next priority is to have an emergency fund which covers 4-6 months of expenses.
I would suggest looking at invstments and have retirement and savings planning as financial goals while creating your investment strategy. If you are new to investing, you can start by reading about it so that you can take an informed call. Also, you can try using a robo-advisor, which can help you in getting an asset aloocation based on your risk profile for a lower fee than a financial planner.

I work at kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

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1 emergency funds

2 passive indexing ETFs (U.S., global, a bit of China, Switzerland and Scandinavia)

3 a bit of physical gold

everything periodically for price averaging​​​

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Hariz Arthur Maloy

Hariz Arthur Maloy

03 Apr 2019

Level 15·Independent Financial Advisor at Promiseland Independent

Start by setting aside 6 months of your expenses for emergencies.

After that, invest 20-50% of your...

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