Where should we put our excess money for the next 5-10 years?

Wonder if all the necessary amounts have been fulfilled : insurance, emergency fund, an investment + saving account yet you still have some excessive amount (e.g. start from 30k++), should we put into Bank account (breakdown into several account) or put into SG-ETF ? Or should we go for a stock of a company such as Microsoft?
Let's say in another 5-7 years you are gonna get house and married.
Thank you.

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Chris Susanto

20 Jul 2020

Founder at Re-ThinkWealth.com

You should put it in an area where you have a high degree of confidence that you can grow your money safely and sustainably there.

Do not gamble it away chasing hype.

Learn how to invest in companies at a sensible valuation.

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Tan Wei Ming

20 Jul 2020

Founder and Writer at Frugal Youth Invests

I just wrote an article about the best savings products as of now.

I will first max out Singlife for the first $10k. For the next $20k, I will put in Singtel Dash EasyEarn. I understand that there's charges when one withdraw to bank account but if this is a emergency fund, I don't see the point in withdrawing regularly. Also, you can withdraw to dash wallet where there is virtual visa card for you to pay contactless in any merchant that supports visa payment system.

For more, you may read here.

https://frugalyouthinvests.com/2020/07/20/best-...

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