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Anonymous

02 Dec 2020

โˆ™

General Investing

What is the best way to start growing my money upon turning 18?

So I will be turning 18 in December. I have a good knowledge on investment instruments etc, but there are just too many platforms here to choose from. I do not want to start investing yet until I can have a higher amount of savings, so where can I park my money in the meanwhile without too much risk, while earning a decent return?

Thanks!

Discussion (3)

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If you like plan. Singlife 2%+ or endownment plan (personally dont like plan๐Ÿ˜’)

Open a philips account. Put $$$ inside, automatic park ur $$$ money market fund if not used. Buy some diversified UT that give monthly dividend, if u want. 0% com, UT is cheap to own.

When enough money & ready to invest aggressively then change to stocks

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