facebookJust started working for a year with ~$15k savings so far. How should I invest/mutiply my savings? Looking for a low risk investment/saving plans to save up for house in 2-3years time or so - Seedly

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Anonymous

13 Oct 2021

Random

Just started working for a year with ~$15k savings so far. How should I invest/mutiply my savings? Looking for a low risk investment/saving plans to save up for house in 2-3years time or so

Hi all, I’m new here and would rlly like to seek all of your opinions towards investments/saving plans for newbies! Please share with me your thoughts/suggestions on how I can grow my savings & save more ☺️ I spent ~70% of my expenditure on my family, 30% on myself and saved up the rest (half of my income). Really hope that I can learn from all of you on ways to grow my wealth even if my savings’re so lill 😅

Discussion (4)

What are your thoughts?

LD

LD

14 Oct 2021

Level 9·Healthcare at SG

If your time horizon is 3 years then you can look at some short term endowment plans. If not can try roboadvisors lower risk portfolio that diversify into bonds.

Hard to suggest any investments for 3 years time frame, probably bonds, fixed deposit or cash management fund?

I think 2-3 years is a p short time as well, btr to stick with safer investments such as high intere...

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