Should I save 20k or invest in the 20k? What should I invest on or what sort of plans should I save in?

Discussion (5)

What are your thoughts?

Learn how to style your text

Daniel Kok

09 Nov 2020

If this is your only $20k, put in a high liquid instrument like singlife or Singtel dash to maximize the interest. If these $20k is enough to cover 6 months of expenses, then you can start to invest! :)

Save

Kok Hong

08 Nov 2020

Invest into stocks, don't bother with plans

Save

Andy Chan

08 Nov 2020

It's difficult for anyone to give you advice when there is little context to the question. The answe...

Write your thoughts

I have just completed NS and saved up about $20k. I am planning to use this money to pay for my Uni school fees too. Should I still invest while paying for my school fees?

What should I do with $20k? Invest or put into savings plan?

How would you plan to invest or save 20k for your parent's retirement in 10 years' time?

Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

I have my savings in POSB, invest STI ETF with DBS & I plan investing inS&P 500 with DBS Vickers. If DBS goes kapoot, does it mean all my investment, savings will be at risk?

I have just completed NS and saved up about $20k. I am planning to use this money to pay for my Uni school fees too. Should I still invest while paying for my school fees?

What should I do with $20k? Invest or put into savings plan?

How would you plan to invest or save 20k for your parent's retirement in 10 years' time?

Would you save your money in an investment plan (projected interest rate at ~7-10%) or save it in the bank (interest rate at 0.05%) or save it in a savings plan (interest rate at 3%)?

I have my savings in POSB, invest STI ETF with DBS & I plan investing inS&P 500 with DBS Vickers. If DBS goes kapoot, does it mean all my investment, savings will be at risk?