facebookHi all, I'm 22, a uni y2 here, currently have 8k in StashAway. Have an extra 10k savings that I really don't want it to sit in the bank. Should I just split the rest in StashAway and at what risk indexes? - Seedly
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Anonymous

09 Jul 2020

Hi all, I'm 22, a uni y2 here, currently have 8k in StashAway. Have an extra 10k savings that I really don't want it to sit in the bank. Should I just split the rest in StashAway and at what risk indexes?

More info: 3k at 12% and 5k in Simple but haven't been DCA-ing for a while.

Looking to DCA a few hundred in a >20% one and the rest in the other two. Plan is to clear my student loan asap after grad with all these but tbh I don't know if that's even optimal (too short term of a goal?).

Also wondering if just SA is sufficient since it's passive and relatively brainless, or should I just not be -lazy- and try out other investment vehicles or even other robos..?

Any input is welcome! Thanks!!

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    What are your thoughts?

    Assuming that the full 18k is meant to clear student loan, I wouldn’t put any of them into investments as those are for more long term goals.

    Instead, I would do the following:
    First 10k into Singlife to earn 2.5%, which is more than what stashaway simple can provide

    Next 8k into either Dasheasyearn (2% first year, 1.5% subsequently) or Elastiq (1.8%).

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      1) put 10k into singlife to get 2.5% p.a!!!
      2) the remaining 8k -> Dash for 2% p.a
      3) or sign up short term endowment plan & make sure it’s GUARANTEED returns!

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        Tan Wei Ming

        Tan Wei Ming

        08 Jul 2020

        Level 10·Founder and Writer at Frugal Youth Invests

        As you have highlighted that your goal is to clear your student loan asap, I think it is unwise to i...

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