26yo with 10k savings and 1.5k investment in Temasek bond and etfs. Planning to save a bit more before SSB.. ? - Seedly
 

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Singapore Saving Bonds (SSB)

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Asked by Anonymous

Asked on 03 Nov 2018

26yo with 10k savings and 1.5k investment in Temasek bond and etfs. Planning to save a bit more before SSB.. ?

Or should I go ahead with investing with SSB now?

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Answers (2)

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Make sure you have 6 months of your salary as an emergency fund first before investing.

And unless you're extremely risk adverse, you should be investing more in equities and not so much in fixed income yet. Take more risk, you're young.

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Question Poster

03 Nov 2018

Hello thank you! For equities, do you mean Etfs? I do invest 400 a month into sg etfs. Considering roboadvisor too.
Hariz Arthur Maloy
Hariz Arthur Maloy

03 Nov 2018

An ETF is just a closed ended fund. There are equity ETFs, bond ETFs, Property ETFs, Gold ETFs. Equity would means stocks and shares. I would personally not invest in a STI ETF as it is very high risk with low probability in return. And also a Robo Advisor is just a tool that helps you invest in a globally diversified portfolio. And they have different portfolios of differing risk levels and % in asset allocations. Your portfolio should be about a 75/25 split into equity and fixed income for your age right now. This can probably give you 7-8% in returns. If you want to invest in SSBs, then you can go for a higher % of equities in your robo portfolio.
Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 03 Nov 2018

May I ask why you need to save more before investing in SSB? You can subsribe to it every month so there's no need to save up before getting it. Also, may I ask if the current 10k savings you have are needed in the near future? If not, then there should not be any problems with investing this money.

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