Anonymous

13 Oct 2021

∙

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 😅

4

Discussion (4)

What are your thoughts?

Learn how to style your text

WenBin Leong

15 Oct 2021

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

Reply

Save

CTKS

14 Oct 2021

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

For money that you do not need in the longer term (5-10years), invest them in an ETF tracking a broad index.

Reply

Save

CommonSense Investor

14 Oct 2021

Certified Professional at Biotechnology and Gene Therapy Industry

Just Buy $TSLA...

Write your thoughts

Related Posts

I'm 22 this year just started working with $2.5-2.8k salary. Thing is, I have ~$39k savings. With a relatively low starting salary but quite a lot of savings, how should i plan my future finances?

What are the best investment/ savings plan available now? Looking for a 20 to 30 year horizon with low risk.?

Hi, a newbie looking at passive income, dividend stocks. i only hv 2-3k to start with, so was thinking about etfs. How should i plan out my first 2-3k into etfs and stocks?

I'm 25 this year, just started my full time job. And am trying to plan for my future. Just signed a life plan and shield plan. What should i do next? Retirement plans, savings plan or investments?

Hey guys, I’ve been working for 2 years now and I’m just starting to be more conscious of my savings and spendings. I earn around 3k plus every month (save in normal POSB account) and save around 1k -?

Related Posts

I'm 22 this year just started working with $2.5-2.8k salary. Thing is, I have ~$39k savings. With a relatively low starting salary but quite a lot of savings, how should i plan my future finances?

What are the best investment/ savings plan available now? Looking for a 20 to 30 year horizon with low risk.?

Hi, a newbie looking at passive income, dividend stocks. i only hv 2-3k to start with, so was thinking about etfs. How should i plan out my first 2-3k into etfs and stocks?

I'm 25 this year, just started my full time job. And am trying to plan for my future. Just signed a life plan and shield plan. What should i do next? Retirement plans, savings plan or investments?

Hey guys, I’ve been working for 2 years now and I’m just starting to be more conscious of my savings and spendings. I earn around 3k plus every month (save in normal POSB account) and save around 1k -?