Posted on 07 Jan 2021
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?
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 :)
Before choose where to put your money, know what is your goal.
Before get on a bus, know where you want to go.
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:
4) Then base on your target return. Choose your vehicle.
Best combo regardless your appetite.
Hmm.. assuming you already have the basics covered yah?
If I had $15k with the basics covered, then...
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