facebookHi all, I am 24 yrs old and currently an undergraduate. I have $15k but I do not know how to grow it or rather how to invest it. Really hope to seek some advise from all of you! What is the best combo for a medium risk appetite? - Seedly
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Anonymous

Posted on 07 Jan 2021

Hi all, I am 24 yrs old and currently an undergraduate. I have $15k but I do not know how to grow it or rather how to invest it. Really hope to seek some advise from all of you! What is the best combo for a medium risk appetite?

If you guys have $15k now, what would you do with it? How would you invest it?

After spending a long time reading all the seedy Q&A, I might be considering:

$10k in SINGLIFE, $3k in STASHAWAY, $2k in SYFE EQUITY100

Is this the best combo? If not, what is the best combo if my risk appetite is medium?

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7 answers

Discussion (7)

Hey anon! I think apart from your risk appetite, think about your investment horizon as well. Do you need the money in the short-term, say in 1 - 2 years? Or are you prepared to leave this $15K invested for the mid-to-long term, say 5 - 7 years?

If you're planning to tap into your funds within the next year or so, your money should be parked somewhere safe like Singlife. However, the application is now on a waiting list basis. Dash EasyEarn and GIGANTIQ are the next best options at 1.8% p.a. You can check out my comparison here.

If you're investing for the long-term, I'll personally put most of my money in a stocks/bond portfolio, perhaps the 16% Stashaway Index option.

I'm not sure if you'll be comfortable with the risk level of Syfe's Equity100. That is a 100% equity portfolio. You'll be completely exposed to market movements. If the market drops by 20%, your portfolio is going to drop by a similar amount. Is this something you feel comfortable with?

You might want to consider Syfe's REIT+ portfolio instead. You'll be invested in Singapore REITs, which is more of a medium risk compared to equities.

Hope this helps :)

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Post

Before choose where to put your money, know what is your goal.

Before get on a bus, know where you want to go.

Question:

1) what is your timeframe? 5years, 10 years, 20 years

2) How much money (approx) you want to put in yearly? $500, $1000, $2000?

3) Do some math:

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

4) Then base on your target return. Choose your vehicle.

Addition Tip

Best combo regardless your appetite.

​​​

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Hmm.. assuming you already have the basics covered yah?

If I had $15k with the basics covered, then...

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