Savings of 50 k at 45 years old. and i can save about 6.2k per mth from this month onwards what is the best way to grow my money?

Dollar cost average to S&P500 ETF. If you are able to not sell it for the next 10 years (minimum) regardless of market movement

Alternatively, if you prefer slower growth but with more cashflow. A fixed income unit trust with monthly payout.

Hi Anonymous,

We do have clients who bought resale savings plans from us, to grow their savings. Most of them are risk-averse and are looking for low-risk instruments such as _resale _savings plans.

Resale savings plans are those that were given up by original owners by selling to us, and we then put them up onto our website for resale. Most of the resale plans will mature within 5 to 15 years and the projected internal rate of return ranges between 3.6% and 4.6%.

For enquiries, you may contact us via our website, WhatsApp, Facebook or Telegram.

Disclaimer: PolicyWoke is a resale savings plans broker