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Anonymous
Currently liquidated the stocks I've held dear and holding onto cash (for rebalancing purposes and being prepared in case the current market situation goes south).
Am 23, live a frugal lifestyle with no drinks, no girlfriend, caifan everyday and no student loans. Have scholarship payouts monthly and side work for some small capital at ~4k per month. Schoolwork takes up alot of time so can't commit too much.
What can I use this 100k for, looking beyond stocks? I've considered starting a business / investing in existing businesses (but unsure how), currently learning about commercial property investment and will definitely buy back some stocks I've had, but right now the biggest question I have is: What's the next step?
-Lost uni kid
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If aint broken, why fix it.
Continue to invest in that 100K, doubled and trebled it in 10 years time.
Funnily enough, its only wnen you out yourself in a good financial position, one start to magnifiy other non-financial issues
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Yu Qi Tan
Edited 30 Sep 2021
Student Ambassador 21/22 at Seedly
As an undergraduate myself, i would say that if you have a startup idea that is compelling enough and there is a product market fit, then there's no harm in trying out the idea. This is because the opportunity cost of trying an idea is not that bad yet, because if all else fails, you are still a student. Compared to let's say a working professional, the opportunity cost could mean a full time job etc.
However, that being said, i would also think that growing the current 100k to something bigger could be something that you could think of too. (via investing)
With 100k at 23, you are way ahead of most of your peers, and have a good chance in compounding this 100k to something bigger.
Another way of looking at it, you could choose to grow this 100k first to something bigger before venturing out something on your own.
Of course, try to enjoy uni life as much as possible too!
At the end of the day, it's up to you and what you want, so you really have to decide for yourself.
Disclaimer: Please do carry out your own due diligence before doing anything. This is just my opinion and not a recommendation to do anything. I am not a certified financial advisor.
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Vincent Tan
30 Sep 2021
Economics at Singapore Management University
I do not have investing-related advice for you but I would say set aside some money to do things that you enjoy with your uni friends. As an undergrad myself, I believe that the 4 years in university is the last chance for us to have fun and build lasting friendships :)
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I think getting into a business requires spending a lot more time and effort than just owning stocks...
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Go forth and explore, but I would suggest keeping about 50% in low risk items. then again, it's an opinion. Only after you explore and go through the ups and downs then you can decide which is best.