facebookHi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do? - Seedly
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Anonymous

Posted on 07 Jun 2018

Hi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do?

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Discussion (15)

Eddie Yeo

Eddie Yeo

Level 4. Wonderkid

Posted on 11 Jun 2018

Invest in yourself, get more knowledge.

0

Post

Dominic Chang

Dominic Chang

Level 4. Wonderkid

Updated on 07 Jun 2019

Depends on how hard you want to work. Firstly, you have 7.5k in savings, and 5.5k left. I would just leave them all in either SSB, or a short term endowment (less than 4 years.) This is to have money to pay off your fees on your final year and prepare for grad trip (if you intent to) and savings when you transit between being a student and working. FD also isn't a bad choice if you can find one with good rates, but SSB 1 year rate is kinda really good now.

PS this assumes you are going to pay your fees in cash in full.

2

Ching Shy Lim

Ching Shy Lim

20 Sep 2018

Any short term endowment to recommend?

Dominic Chang

Dominic Chang

04 Dec 2018

Not looking at any at the moment. I remembered there was once FWD was offering 3 years @ 2.02%. But this month's SSB should even beat that

Post

Hi,

1) If you have a sum of money, firstly set aside an emergency fund for rainy days.

2) make sur...

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