facebookIs it possible to only save up all your money without investing? - Seedly

Advertisement

Anonymous

11 May 2020

Random

Is it possible to only save up all your money without investing?

Is this recommended? Is investing a must?

Discussion (4)

What are your thoughts?

Learn how to style your text

Angeline Teo

01 May 2020

Calculator at The Internet

Yes it is possible, but no, its not recommended.

Money growing on its own its money without you spending time at your job.

If you have no knowledge, just buy simple STI ETF. Or global IWDA ETF.

A simple 10 minute google on STI ETF or IWDA ETF will give you enough to buy monthly for years and decades.

very low risks (given time) and decent returns of 7-9% per year over time.

If you really hate risks, then buy bond ETF.

if u really really want 0 risks, then do endowments plans which are actually insurance companies investing and then splitting the returns with you..

Colin Lim

26 Apr 2020

Financial Services Consultant at Colin Lim

Huh? yes u can...But over time the value of money will erode due to inflation..which is why you need to invest prudently, save properly, and do up your coverage to make sure there is still Plan B/C/D..

you can reach out to me to know more about how you can grow your money.

#planwithcolin

Hariz Arthur Maloy

26 Apr 2020

Independent Financial Advisor at Promiseland Independent

Yes it is. If you save 60+% of your income, you pretty much don't have to take any risk other than t...

Write your thoughts

Advertisement