facebookWant to invest for long-term goals - Seedly

Advertisement

Anonymous

12 May 2023

βˆ™

General Investing

Want to invest for long-term goals

I just started working, slowly building up my incone and sorting my e-funds first. ultimately planning to save up for a place of my own, staying single and looking to save for 4 years (Won't hit 35 yet)

​

What are some options to kickstart monthly invest? read up on Cash Management, regular saving plans but not too sure if it's a right choice

Discussion (16)

What are your thoughts?

Learn how to style your text

Do you know what's your risk appetite? Also, do you have sufficient emergency fund, you should have between 6 - 12 months of your monthly expenses.
​

That being said, I think robo advisors are rather beginner friendly and east to manage, you can take a look at this comparison page if you are interested!

For short term investment, consider FD and T-bills given current interest rates.

Robin

16 May 2023

Administrator at SG

Try endowus fundsmart.

​

There is a huge list of options from equities to bonds to money market funds for you to knock yourself out.

If you don't have enough capital for fixed deposits etc, can consider fixed savings plans like POSB SAYE paired with dbs multiplier account, or std jumpstart etc. Forces you to put aside money

FDs and T-bills....

Write your thoughts

Advertisement