It really depends from advisor if you invested the money with an insurance company or your own investment skillset. If you had invested a lump sum of money in 2016 and cashed out by 2018 in China Funds, your returns would have been easily in the double digit. Also, investments take time to mature in the long run

I am not a parent yet but for most of my clients and friends, they do give monthly allowances to their parents. it may not be alot of money but its a token of appreciation and gratitude to their parents for bringing them up to the man/woman they are today. For some, since their parents are still working and would most likely just keep the money in the bank account, instead of giving them cash, they help their parents invest the 'monthly allowance' for their retirement!

May I know if the internship is part of your university curriculum? If yes, You can look into MSIG Global Study! If you would like to find out more, feel free to drop me a fb message https://www.facebook.com/brandan.chen

Continue to be mantain discipline. Continue with my DCA and top up when necessary

Just look at it and say: So little only ar! If he showing it to you before the bill comes (assuming ou guys are having a meal):Wah since you earn so much, this meal on you lol

Like what Hariz mentioned! That would be a wise choice since no one can guarantee their health conditions in the future. While healthy and 1 year younger, upgrading your eldershield would be a better choice! On top of which, Aviva's eldershield upgrade allows one to be able to claim when 2 out of 6 ADLs are met. As for the Careshield upgrade, details are yet to be made known

The answer is NO. I used to work for a stat board that oversees SMEs, and I was in the team managing the SME loan portfolio. For P2P to work, SMEs may be paying much higher interest than going to the bank which is why loan interest can go up to 20% p.a in some instances. In the past, such SMEs typically have no access to bank loans because they are viewed as "too risky". Essentially, for those loans with attractive interest rates on P2P platform, they are typically SMEs which are deemed too risky for banks to lend. Think about it from the shoes of the SME towkay, if banks can lend me at 7% interest, why should I go to a P2P platform and pay upwards of 10%. But what I can reveal is that SG SMEs generally have one of the lowest default rate gobally, and I refer to those SMEs that are able to take up bank loans. On top of which, SMEs that are smaller do not require audited financial statements, and majority of the SMEs fall under this category. Hence, even if data is present, would it be reliable and reflective since majority (80+%) of the SMEs are Micro SMEs which turnovers of less than 1M and do not need to furnish audited statements

Since you are just starting out your investment journey, any particular reasons why you would like to put your money into STI or Singapore Equity UT? I would say that both aren't very optimal choices except for the fact that it is denominated in SGD and you have little or no FX risk when investing into such investments. There are other options out there such as S&P500, NASDAQ, QQQ that may yield better returns with similar risk. Moreover, both options which you suggested have limited upside potential, and over weightage on a single geographical region and Industry (Financials). Perhaps you should speak to a trusted financial advisor, or your close friends who have been investing in the markets to get a better idea of the various options that you have! If you would like to, you may always reach out to me via my facebook at https://www.facebook.com/brandan.chen

Well, it appears that you have both short, medium and long term financial goals to achieve. Short Term : Marriage cost. It can be as low as less than S$100 bucks to just simply ROM. Jokes aside, you should be looking to cover the cost of a typical wedding: Proposal Rings, Engagement Rings, Photoshoot, Banquet, gifts and dowry etc. This can work out to about ~S$30,000 depending on the location of the banquet and the cost will increase every year. You may check out the Seedly article for more information: https://blog.seedly.sg/cost-of-wedding/ Medium Term: Property and Renovation Cost. You need to make sure you have sufficient cash for renovation, and also sufficient funds in your CPF-OA to make the downpayment of your first home. Do check out the 2 articles from Seedly on this: https://blog.seedly.sg/steps-to-take-to-buy-a-house-in-a-year/ https://blog.seedly.sg/a-guide-to-buying-your-first-property-in-singapore-bto-ec-resale-flats/ Long Term: Retirement. In the long run, you should aim to build multiple streams of passive income for your retirement on top of CPF Life, and there are several options to invest it. For that, i would suggest that you start by reading up more about ETFs, Unit Trust, Roboadvisors. Lastly, do not also underestimate the need for insurance (even though this is a topic not favoured by any). Ensure both you and your future spouse are adequately covered, and there is no better time to buy since you are now young and healthy! Speak to a financial planner that is able to provide you with a roadmap to achieve those small goals that were mentioned above based on the income of you and your future spouse. If you can't find one that is capable enough, I would love to 'shamelessly' offer my services. Feel free to reach out to me via https://www.facebook.com/brandan.chen

There is no good time. What matters is your time in the market. Sounds cliche but this is how it works. If you are still considering/seeking advice about buying individual stocks, perhaps you may not be ready for such investments yet. Suggest that instead of stock picking, you pick up a basket of stocks by investing into an ETF, Unit Trust, Roboadvisors etc