Asked by Anonymous

Hi, I've emergency savings, purchased SSB and a unit trust. I'm also saving for a house. Is my financial portfolio diverse enough at the moment or should I invest in REITs/stocks? I'm stuck between putting my money into savings or investing?

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    • Brandan Chen
      Brandan Chen
      148 Answers, 217 Upvotes
      Answered on 20 Jun 2018

      Since you already have your emergency funds, it would be good to focus on building your portfolio.

      Would suggest you set up another savings account for discretionary spending (your wants, travelling etc) and put the rest into investing for the future!

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    • Yong Kah Hwee
      Yong Kah Hwee

      Top Contributor (Jan)

      448 Answers, 609 Upvotes
      Answered on 20 Sep 2018

      Good job having your emergency savings.

      You'll need to calculate your expenditures for the house. Do you need any huge amount of money for it? If so, save your money for the huge expenditure first before investing.

      I would suggest splitting up your money, putting some into stocks and some into REITs. Maybe do some research and find out what you'll putting your money into first! :)

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    Serene Toh
    Serene Toh
    40 Answers, 80 Upvotes
    20 Sep 2018

    Congratulation. Have you purchased any insurance? That's the only essential that I can spot missing from your list. You can consider an insurance cum savings policy (not sure if there are any good ones out there now, I bought mine eons ago).

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