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Anonymous
Turning 28 this year and have 200k in SSB, endowment, FD. Any advice where I should put my next few savings to? Looking personally at less risk guaranteed returns. From what I read so far, seems those I have now are already the less risky ones. Was then recommended by friends to try on REITs, Life insurance etc and they were saying it's good to take some risks now while we can still afford to do so. I am not really certain about this and after reading up, it got me quite confused with how all these different investments works and the payouts etc. Is this really so where REITs life insurance and still generally not the most risky ones? How do you determine if a risk is something you want to take or not? Appreciate any suggestions or advice.
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Do NOT invest in investment linked policies from insurance companies.
For low risk investment, try money market funds offered by the online brokerage. I do not recommend endowment plan from insurance companies.
For higher risk investment, the easiest way is to invest in S&P 500 instead of picking specific stocks.
You do need to read up more since each tool has its own thesis to discuss lol.
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T bills in the short term
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Cant take other people advise. Depends on mentally how much risk can you take, like will you be scared to lose some money. Also at which point are you in life, will you need to use some of that money
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Open a Trust Bank account and target for the max 3.5% return....
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REITs is good choice