Anonymous

11 Feb 2021

∙

Is it a good idea to invest my baby’s red packet money in Syfe cash+ over the years?

Does it make sense to invest my baby’s angpow money in Syfe cash+ over the years?

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Zac

11 Feb 2021

Noob at Idiots Invest

Are you intending to use the money for your baby's diapers next year, or for his/her university tuition in 20 years?

If you're using it next year, put it in cash+. If you have a longer horizon, taking on more volatility may grow the money better. You can put it in their Equity100 or Global ARI portfolios to generate higher returns.

Ang bao money is not typically a large sum of capital, so putting it in cash management plans doesnt advance your cause much as the interest you gain will be paltry.

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