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Anonymous
I am 22 years old and currently hold some units for CapitaMall Trust, DBS and Singtel which I bought through OCBC'S BCIP. I am thinking if it is worth it to buy more units for CapitMall Trust and DBS now since their prices are lower now.
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Cedric Jamie Soh
22 Apr 2020
Director at Seniorcare.com.sg
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Pang Zhe Liang
22 Apr 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
You need to know how you wish to plan for your future. Without knowing you in detail, there is no way to tell you which is a wiser move.
For example, investments are subjected to investment risks and therefore the returns are non-guaranteed. On the other hand, bank deposits will always yield a guaranteed rate of return. To put it another way, they are different asset classes.
More Details:
Types of Investment Risk that You should know
With this in mind, the general suggestion will be to conduct comprehensive life planning such that we know how to manage your money for the future. Thereafter, we can decide whether to invest (and through what tools) or to keep it in the safe box.
I share quality content on estate planning and financial planning here.
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I would put my emergency funds in JumpStart due to the high liquidity and interest rate. I woud not ...
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Either OCBC Bluechip plan or Stashaway- both are better than 2% interest with SCB in the mid to long run :)
If you have specific SG stocks you like, go for OCBC bluechip plans.
if you prefer global exposure, Stashaway.