What to do with 60k at 25 years old

25F earning 4.7k per month. Have 60k sitting in my bank, but don’t know what to do with it. Used to invest but suffered emotionally, took 3 years to recover losses and stopped since.

Have gotten my masters degree and finished paying sch fees so don’t wish to study/ skills upgrade anymore. Currently 0 outstanding debts/liabilities. Have decent insurance coverage, parents’ retirement is taken care of. Only big ticket item is BTO renovation in 2026.

Pls advise how to better utilise my money, ty

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Missing Q

25 Jun 2022

If I were in your situation, I will use Syfe Trade to buy stocks that I'm comfortable with for its growth and dividend.

Such as

Microsoft, MSFT
Apple, APPL
Reality Income, O
S&P 500, IVV

For Local stocks, I will use either FSMOne or OCBC BCIP.

I will buy stocks like UOB or ST Engineering.

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1M45

Edited 23 Jun 2022

Leave $30k for the bto, then try to build your savings to $50k (min.) by 2026. If u 50-50, split the cost, with your partner, should be more than enough. Put in high saving account like dbs multiplier or equivalent.

Invest $20k into VT or equivalent (invest in 3 tranches). Unless, there is World war 3 else if you hold long enough it will go up, have a min. Time horizon of 10 years.

You will need to work out your budget, the amount suggested are just my estimation.

Then subsequently set a comfortable budget and DCA every month.

If u can do that consistently for the next 5 years, regardless of market up & down, then you may try out some other fanciful style of investing, if you want.

Always follow 2 rules: (1) have an emergency fund, (2) invest only the money you dont need.

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