Advertisement

Anonymous

11 May 2020

∙

General Investing

Should I be investing if i plan to use the money go to university in a few years?

2

Post Merged

This post is no longer accepting new comments because it has been merged with How should I plan for university? Any opinions?

View our community merged guideline

Discussion (2)

Gabriel

14 Nov 2018

Undergraduate at National University of Singapore

Since you'll need the money for your University tuition fees, I'd suggest playing safe by only putting your money in it Singapore Savings Bond, a high interest Fixed Deposit account (e.g. CIMB's 12 months 1.90%) or a high interest savings account (e.g. CIMB FastSaver). If you have spare funds after setting aside money for your tuition fees and emergency funds, then you can try investing.

Rule of thumb is to only invest with money that you can afford to lose.

Reply

Save

YT

14 Nov 2018

Depending on how long till your uni. If it's 1-2 years maybe not touch it. If say like 5 years you can try bonds. Any longer can try stocks. While investing aims to provide you with returns, some investments may not provide such within a short time span.

Reply

Save

Write your thoughts

Related Posts

What is the best basic/starter/beginner investment tool to use? Should go with low, medium or high-risk for now? Would an investment tool or a fixed insurance savings plan be better to grow money?

I am planning to use all the red packet and cash presents for our child, to save and invest it until she is entering university, to use it to pay her school fees. Where should we put the money in?

My insurance agent keeps selling me investment plans, one of the investment plans was how I could 9x my money in 15 years, if I just put in $1k every month. Is this even a plan that is possible?

I’m currently 24 this year. Should I use the money to get a degree so that I’ll have a chance of getting a higher salary or use the money to invest instead? ?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

Related Posts

What is the best basic/starter/beginner investment tool to use? Should go with low, medium or high-risk for now? Would an investment tool or a fixed insurance savings plan be better to grow money?

I am planning to use all the red packet and cash presents for our child, to save and invest it until she is entering university, to use it to pay her school fees. Where should we put the money in?

My insurance agent keeps selling me investment plans, one of the investment plans was how I could 9x my money in 15 years, if I just put in $1k every month. Is this even a plan that is possible?

I’m currently 24 this year. Should I use the money to get a degree so that I’ll have a chance of getting a higher salary or use the money to invest instead? ?

I am 22 yo this year. After working 1+ years, I've managed to save up about $10k. Planning to do my degree next year & thought of investing, but I might need that money to pay for a part of the school fees next year. Hope to receive some advice.?

Advertisement