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Anonymous

21 Apr 2021

Saving Hacks

What are some thoughts on investing all my savings and income?

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?

Discussion (8)

What are your thoughts?

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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.

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

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.

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

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...

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