What should I do with my money? My situation: I have about 20k in my savings account, and I plan to keep about 5k-10k as emergency funds. I'll be beginning my NS journey soon, then university after. ?

So after scouring many different websites, blogs and even SeedlyTV, I still do not have much idea how to split my money. I have about medium to low risk appetite? Maybe slightly high is fine.

I am considering POSB SAYS (for NS pay), Temasek Astrea V, SSB, STI ETF (using RSP) and robo-advisors.

Open to other ways to grow my money as well but generally do not want too high a risk to lose the capital.

Any suggestions on what percentage to go to which area? Or is my captial too low to split?

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Li Elizabeth

01 Aug 2024

Research tbills

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Fiona Loh

19 Nov 2019

Analyst at Deloitte Consulting

Since you're in NS, i believe you're under 27. Firstly, have an account that generates higher interest.

Open up the Standard Chartered Jumpstart account, & park your money in there. Note that it should be capped at $20k, as the 2% p.a. is only effective for $20k. in there. This will give you appx $33.33 per month, for the $20k.
For your remaining amt,you may look at some other instruments. You probably might not want to consider bonds, given it's low yield during this period time. However, to get started in investing, please be equipped with the knowledge first. You might want to start off with the ETF which tracks the performance of the market. Historically, the S&P500 ETF have been generating 9% annualised returns, & STI ETF have been generating 7% annualised returns. Of course, past performance is not indicative of the future, so please DYODD. You can either use a DCA method for this or buy in when the market is at it's low. Either case, both works :)

Hope this helps :)

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