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Anonymous

12 Sep 2020

∙

National Service

I'm a 20 yr old NSF, 3 months into service with 14k savings. Is this a healthy amount of savings and what are my investment options if I have a low-medium risk appetite?

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C Guan Wen

01 Oct 2024

Good to start early!

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Rahul Wadhwa

12 Sep 2020

Student Ambassador 2020/21 at Seedly

Hello! 14k at your age is definetely a healthy amount! However, I think more important than how much your savings are, is that you get your investment journey started early - no matter how little.

Firstly, you can put your savings in a high interest rate savings account like Singlife to maximise your returns. Then, as Wee Wen has mentioned, you could use a robo-advisor like stashaway.

If you are a little more knowledgeable with the market, and have the time to do some research, you could open a brokerage account and start investing in individual stocks/ETFs.

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Lim Wee Wen

12 Sep 2020

Business Administration at National University of Singapore

Hello! Given my social circle of NSF friends, I think your level of savings is definitely healthy. G...

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