I'm graduating from university in a year. I currently have around $50k and I'm not sure what to do with it.

The very first thing to plan is your emergency fund, which is your 50 K. You need to keep emergency fund, ideally around 6 month salary worth, in a good bank saving account with high interest rate. I personally like OCBC 360 over UOB one saving account as the former does not force me to use credit card. This emergency fund should NOT be used for any purchases, insurance or investment.

​

Once you have a stable job and stable income, then you pay insurance second (NO Investment). The high priority insurances include hospital (integrated shield), life insurance, critical illnesses, accidents, income protection policies. Find a good Financial advisor to do this. FYI, do NOT buy investment plan (ILP) from insurance agent (agents earn most commission from ILP so they will always try to upsell ILP). I have two ILP from AXA and Tokio Marine so I know how bad ILPs are.

​

Only when you have SPARE CASH from your salary, then you can invest. Please go learn the basics of investment from YouTuber such as Kevin Learns Investing, Honey Money SG, Ziet Invests. I personally use Interactive Broker to buy US ETFs and stocks due to its low overall non-promotional fees.

​

#Not proper financial advice

• Investing in stocks can be a good way to grow your money over the long term, but it comes with risk. If you're comfortable with this level of risk and have a long-term investment horizon, investing in stocks could be a good option for you.
• Before you invest in stocks, it's important to do your research and understand the different types of stocks and investment strategies that are available.
• Insurance is a way to protect yourself financially in case of unexpected events, such as accidents, illnesses, or natural disasters. Different types of insurance can provide protection in different areas of your life. As a recent graduate, it's important to consider what types of insurance you may need.
• The decision of whether to invest in stocks and whether to consider insurance will depend on your individual circumstances and financial goals. It's a good idea to take the time to think about what's most important to you and make a plan that works for you.

Diversify. Try abit of everything and have a balanced portfolio. Once you start working, insurance is good to help cover your dependents. You may also want to make plans to settle down early!

50k is not alot after keeping aside emergency funds. Have you fully paid for your university loan? If not, pay off all debt first. Yes get term insurance if you can.

Keep the rest after minus 3mth daily usuage in a high rate deposit with liquidity. If you can go long term i.e. at least 10 yrs, monthly buy into stable ETFs. Then start learning about investment!