Advertisement
Anonymous
I have about 10k spare cash, and will be graduating in 4 years. My school fees total to about 34k, and I'm currently not on any scholarship.
Will definitely be applying for a scholarship though! But as it's not guaranteed, would really hope to know what other ways I can grow this 10k as much as possible within 4 years!
7
Discussion (7)
Learn how to style your text
Just Being Ernest
13 May 2020
Content Creator at www.youtube.com/c/JustBeingErnest
Reply
Save
1) Budgeting
Look at your current expenses and try to cut them as much as possible! This way, you will have more spare cash which will serve as your principle to invest regularly, aside from doing a lump sum investing. The power of compound interest should not be underestimated! Always be investing into your future regularly, you will be grateful to yourself in the future :)
2) Investing
I would recommend putting half the money into money into S&P500 which will guarantee about 10% returns. (around 14k after 4 years) and half into more risky individual stocks. You may consider disruptive tech company stocks, as they have shown exponential growth rates in the last few years.
Reply
Save
Brandan Chen
07 Jun 2019
Financial Planner at Manulife Singapore
Firstly, it appears that you are new to investments, so I would recommend that you take some time to...
Read 3 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 Posts
Advertisement
You can diversify, put some low risk, med risk and high risk
high risk ones stocks and options will give you the highest and fastest returns
I make videos about interesting stuff at youtube here