facebookWhat investment advice would you give to a 21 year old University student with <$10k savings? - Seedly

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Anonymous

11 May 2020

General Investing

What investment advice would you give to a 21 year old University student with <$10k savings?

Currently 21 years old in Uni with less than 10k savings. Felt the need to grow this money as I am worried that I don't have enough money in the future

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Discussion (5)

As you are still young, you can start to do regular saving plan either in local ETF or global ETF, do it for 20 years and you will thank yourself. Nowadays the cost to access global ETF is relatively cheaper via robo advisor or broker like FSMOne.

Andy Sim

09 Mar 2020

HR Professional at a Financial Institution

Hi Anon, be patient! Your money will come. Do set up your emergency funds first by growing your active income. Take part time jobs, teach tuition etc. and save all these money. Do well in your studies also and ask yourself what do your want to do in future, build your knowledge towards that through all the soft skills you'll learn in uni.

In the mean time, learn more about personal finance and investment by reading books and from Seedly. You are doing good with 10k savings don't worry! Take your time but not importantly learn!

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