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I am new to SRS account and investment so not sure where to invest and how much. My SRS account is with DBS and currently I have 4k in it. I know amount is not high but keeping it idle doesn't seem right. Thanks
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Cedric Jamie Soh
29 Sep 2019
Director at Seniorcare.com.sg
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Jason Sing
22 Oct 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
Buying of annuities
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Shares investing. This is because in SRS, you need to lock yourself up to 62 to enjoy subsidised tax...
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I will use the money in SRS to buy stocks or REITs for the long term.
The bank you are with does have a stock/fund scheme for your money in their SRS bank accounts. Do check out some low fees, or blue-chip stocks for your long term investment. You are right, $4k is not high, but keeping it to work is good. It will incentivise you to continue saving money into your SRS too.