facebookI'm an NSF looking to invest about $3000 of my savings, I have left $20k into CIMB FastSavers account now. What would you recommend to invest in? - Seedly
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Anonymous

11 May 2020

I'm an NSF looking to invest about $3000 of my savings, I have left $20k into CIMB FastSavers account now. What would you recommend to invest in?

I am new to investments thus please let me know to certain context as to how I can better invest my personal investment funds. Thank you! (if there are more things you want to share, feel free to comment)

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    Hey there. Im a NSF too and I've started investing since Polytechnic to generate more savings after realising that the bank interest is too low to counter inflation.

    First of all to start off, have you opened a CDP account and a trading/broker account? This is required if you are buying stocks on the SGX. Else you just need a CDP if you are looking at SSB.

    For myself i started with Singapore Savings Bond (SSB) as it is one of the lowest risks and has a decent return of around 2%. I put my "emergency funds" in this as it could be taken out within a month of notice. Another good thing about SSB is there is only a charge of $2 per transaction (buy/sell) and there is no penalty if you sell your bond (aka redeem the bonds) before 10 years. So its technically not 'locked-up'.

    After SSB, i started to invest in some ETF. I used POSB Invest Saver to purchase NIKKO AM STI ETF every month ($150). Theres a promotion now which give 100% rebate on the sales charge for first 3 months. I feel that this is a good start for investing and comes with roughly a 3% dividend.

    After reading more about stocks and trading i started a DBS VICKERS YOUNG INVESTOR ACCOUNT with DBS. I also created a DBS Multiplier Account which allowed me to trade using 'cash upfront' which lowers the sales charge as compared to other banks/brokers. For stocks i started with local blue chips stocks which are more stable. A few stocks you can research on is CAPITALAND, COMFORTDELGRO, DBS, OCBC, UOB, etc. I feel that these companies wont go bust anytime soon and thus wont need to be afraid of losing all the capital.

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      Arpita Mukherjee

      Arpita Mukherjee

      14 Nov 2019

      Level 8ยทCommunity Evangelist at Kristal.AI

      Hi Anon,

      There are plenty of safe ways to invest your money. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.

      You can read here for a better understanding.

      I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

      I hope this helps you make the right decision.

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        I am an NSF too, just like yourself. I'm unable to specifically recommend or tailor the different mo...

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