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 Chen134 Answers, 200 UpvotesAnswered 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 HweeTop Contributor (Nov)
392 Answers, 532 UpvotesAnswered on 20 Sep 2018Good 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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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).
