Anonymous
Since I got these monies, private bankers have been reaching out to me to advertise for insurance plans!
5
Discussion (5)
Learn how to style your text
Reply
Save
Alex Chua
02 Aug 2020
Seedly student Ambassador 2020/21 at Seedly
Hi,
You may need to spend your 200k during your university for opportunities.
I would suggest you not to put in lock in plans like the insurance plans.
U can put at fixed deposit or singlife 2.5%
If you have high risk appetite, I would suggest invest a portion of it to roboadvisors
Reply
Save
Elijah Lee
28 Jul 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
Please don't put $200K (or any amount of money, for that matter) into anything with a lock...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.8
778 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.7
476 Reviews
4.4
321 Reviews
Related Posts
Don't buy insurance plan or savings plan, especially ILP.
If you need the cash in 2-3 years, then park them in low risk high liquidity instrument such as bonds, high yield savings account, FD, or cash management solution such as StashAway Simple.