facebookThe core inflation rate is around 1.4-1.9% in Singapore, which is higher than many saving accounts interest rate. Do you think it makes sense to invest instead of keeping money in saving accounts? - Seedly

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Anonymous

10 Nov 2020

Saving Hacks

The core inflation rate is around 1.4-1.9% in Singapore, which is higher than many saving accounts interest rate. Do you think it makes sense to invest instead of keeping money in saving accounts?

Discussion (5)

What are your thoughts?

Jiayee

Jiayee

10 Nov 2020

Salaryman at some company

Investment is risky so you need to have enough cash (emergency fund) so that you will never be forced to liquidate during a loss. If you need the money in a few years' time, portfolios with higher risks come with higher volatility and the returns may still be negligible or negative in short term.

Yes definitely! That is one of the most common reasons that are shared for why investing is so important. Also keep in mind that your investments should first beat inflation if not it is making you negative returns

It definitely makes more sense to invest than to put all of your money into your savings account. Of...

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