facebookI'm graduating from university in 1 year's time. I currently have around $50k and I'm not sure what to do with it. Should I invest in stocks? And should I be considering insurance at this stage? - Seedly

          Advertisement

          Anonymous

          26 Jun 2021

          Insurance

          I'm graduating from university in 1 year's time. I currently have around $50k and I'm not sure what to do with it. Should I invest in stocks? And should I be considering insurance at this stage?

          I don't really have much knowledge on investment!

          12

              Discussion (12)

              What are your thoughts?

              Just a suggestion on allocation. You can adjust according to your comfort levels.

              1. Keep 30k in a bank account with a good base interest rate and tell yourself not to touch it. With the rising SIBOR i recommend citibank maxigain. These will be your emergency funds. After a while, see if a multiplier account may work better as you develop your spending habits. But the risk of keeping it all in one account is that you will feel more tempted to spend it.

              2. Put $10k in singapore savings bonds. Don't look at them for 10 years. No monitoring needed.

              3. Remaining $10k use for riskier investments. For this again it really depends on your risk profile. Check out the various seedly articles and always always remember every investment carries some risk. It is whether it is high or low only.

              Reply

              Save

                  Arpita Mukherjee

                  Arpita Mukherjee

                  07 Nov 2019

                  Level 8·Community Evangelist at Kristal.AI

                  Hi Anon,

                  There are plenty of safe ways to invest your money and have it grow. 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.

                  Reply

                  Save

                      Just keep the cash in liquid higher interest bank account. You will probably need to use some when u...

                      Read 10 other comments with a Seedly account

                      You will also enjoy exclusive benefits and get access to members only features.

                      Continue with Facebook
                      Sign in with Apple

                      Sign up or login with an email here

                      Write your thoughts

                      Advertisement