Hello! :) You’ve got some great advice here. Let’s take a few steps back before diving in. Ask yourself the following questions: 1. What investments and savings, assets and liabilities do you currently own or have? 2. What are your upcoming short term financial goals (marriage, kids?) 3. What are your long term financial goals? Only when you’re fairly clear with what you want to achieve in the next five years to a decade can you make better decisions with the $50,000 you’ve just inherited. As others have suggested, assuming you own nothing else but $50,000SGD, keep at least 6 months of your personal expenses. Perhaps you already have 6 months of emergency funds in your bank, and if so, you can choose to allocate the money from this $50k into other instruments that will grow your cash. If you’re still fairly young: Do you have outstanding education loans to repay? You may want to pay them down to avoid incurring the interest (which can add up really quickly without you realizing!) With regards to wealth growing instruments: Consider a mix of low risk (30%) and high risk (70%) investments. A typical low risk investment would include the STI ETF and NIKKO AM ETF. Higher risk investments and products are plentiful. Do keep in mind to research such investment products before making a hasty decision. Purchasing equity stocks and shares would be fantastic too if you are young, since you have a much longer time horizon to grow your money. If you’re looking to settle down: Save a fair bit of it for your wedding and upcoming expenses, such as your home downpayment. Be sure to have discussed the budget appropriate for the wedding and the home. Assuming you already have your 6 months of emergency funds + some wiggle room, leave the rest into higher risk investments to yield a higher return. You could consider REITS/Property Trusts/Stapled Securities. Again, ensure you have done your homework and research before giving these companies your money. If you’re approaching retirement: Keep a fair bit more into your emergency funds. As we age, we tend to incur higher medical bills. Leave the rest into income-generating assets such as bonds. Do note to also ensure that you’re properly insured and protected from uncertainties such as sudden (and large) medical expenses (you, your children/elderly parents, etc) which you may need to cover. Understanding your background and current situation will help me advise you better. Feel free to reach out to me via LinkedIn.