facebookYoung professional with $50k saved in the bank. I'm from Australia and have moved to Singapore for work. I really want to get some extra income coming in and need advice? - Seedly

Anonymous

14 Nov 2019

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Young professional with $50k saved in the bank. I'm from Australia and have moved to Singapore for work. I really want to get some extra income coming in and need advice?

I don't want to borrow any money from the bank but I was thinking of perhaps buying property in Australia. Any other ways I could make some extra income/investment?

Discussion (4)

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Paridhi Jhunjhunwala

14 Nov 2019

Associate at Kristal.AI

Hi!

Property is a good investment but a very illiquid one. So, my suggestion would be look at other investment options such as ETFs, REITS etc. where you can earn a decent return as well as have the capital available at your disposal. You can explore robo-advisors, which charge a very low fee and provide optimal investment solutions based on your financial goals and risk appetite.

I work at kristal.AI, and it's my passion to evaluate various upcoming investment opportunities.

Consider paying for an investment workshop on managing an options portfolio. You'll learn much faster and make less mistakes. Estimated returns you can get is 30% onwards a year.

Jason Sing

25 Oct 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

Property is good as long as you have the money to pay the downpayment and the monthly instalments in...

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