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Anonymous

02 Mar 2021

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General Investing

I'm a 24 year old uni grad with a stable full-time job and a high risk appetite. Is it advisable for me to redeem my Singapore Savings Bonds and invest the sum in individual stocks/robos instead?

I'm currently holding 2 SSBs, both purchased quite early on and therefore yielding high(er than usual) interest rates:
1. $20k in SSB Nov 2015 - Currently 3.4% (3.83% in 10th year)
2. $10k in SSB Jan 2018 - Currently 1.71% (3.06% in 10th year)

Looking to diversify my investments/get potentially higher returns. I'm currently only invested in SYFE's Equity100 and REIT+, thinking of either using my SSB funds to beef up my robo portfolios or try trading (eg. tiger brokers). Thoughts?

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Edited 04 Dec 2022

Redeem and invest.

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thefrugalstudent

02 Mar 2021

Founder at thefrugalstudent.com

Hi Anon,

Yes I think you should redeem your SSBs! Your returns have been decent so far, but the opportunity cost of you leaving your SSBs until the 10th year is quite high considering that it's a solid $30k.

Personally, I would probably beef up the Robo portfolio (more in Equity100) and also complement it with DIY investing into funds that are underweighted in Equity100. This includes small cap, APAC and emerging market ETFs.

Be careful not to confuse trading with investment - they are not the same thing. However, if you'd like to try your hand at trading, by all means, go ahead after doing your due diligence and make sure to try only with a small sum first to see if it's something for you.

Hope this helps & all the best!

Regards,

thefrugalstudent

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Zac

01 Mar 2021

Noob at Idiots Invest

Yeah definitely. You've laid out the considerations pretty succinctly. Some people would say, your p...

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