Advertisement
Anonymous
Hi all, I'm currently a 20 year-old student who has been pretty fortunate not to have any financial debt and can depend on my parents family for basic needs expenses. I want to aggressively grow my current savings + income right now but I don't like to see my emergency funds in my bank, like a sitting duck.
What are your thoughts and advice on me wanting to place most of my money (including the emergency funds) into perhaps a robo-advisor like Syfe?
8
Discussion (8)
Learn how to style your text
Reply
Save
If you have at least $50k in ur bank. U can invest all your income.
You may want to save for future i.e. starting a family. You will not want to sell your investment, when market down but u want to get marry , or having kids
Reply
Save
Hey! I think if you're 20 and can depend on your family if an emergency happens, you can probably afford to just keep 1 - 2 months worth of emergency funds and invest the rest. Ultimately, you should be the judge of how much resources you can fall back on should there be a need.
If you want to aggressively grow your savings & income, I think Syfe's Equity100 and REIT+ could be good options for a young investor like yourself.
Reply
Save
If you feel comfortable, why not?
personally thinking, i think emergency fund is really applicable only one become responsible and accountable for their own expenses
Reply
Save
Alfred
20 Apr 2021
Personal Butler at Devhaus
Here's why you shouldnt do it.
2 things to keep in mind: liquidity and risk level.
**If yo...
Read 4 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.7
1297 Reviews
StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)
Cash Management
INSTRUMENTS
None
ANNUAL MANAGEMENT FEE
None
MINIMUM INVESTMENT
3.5%
EXPECTED ANNUAL RETURN
Mobile App
PLATFORMS
4.7
657 Reviews
4.6
935 Reviews
Related Posts
Advertisement
Aggressively growing also means you must be prepared to lose them all in short term or hold a very long period. Always keep an emergency amount aside.