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Arpita Mukherjee
13 Nov 2019
Community Evangelist at Kristal.AI
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Gabriel Tham
07 Mar 2019
Tag Team Member at Kenichi Tag Team
Singapore Savings Bond. Won't lose money unless govt and Singapore die.
Stable returns for the next 10 years.
$2 transaction fee on buying or early withdrawal.
1 Month withdrawal period. Quite fast if you suddenly need it.
Just need a CDP account and bank account linked to CDP.
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Kenneth Lou
07 Mar 2019
Co-founder at Seedly
Interesting question... 2k is not alot but it's a good start :) You can either choose the following ...
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Hi Anon,
Albeit, $2000 is not a great number but it is not small either and you should definitely invest it in a good strategy. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.
You can read here for a better understanding.
I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.