facebookHi, 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? - Seedly
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Anonymous

Asked on 19 Jun 2018

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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Answers (5)

Brandan Chen

Brandan Chen

Level 11. Master

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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Thank You!
Can you clarify
I wonder if
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Yong Kah Hwee

Yong Kah Hwee

Level 13. Grandmaster

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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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Serene Toh

Serene Toh

Level 9. Genius

Answered on 20 Sep 2018

Congratulation. Have you purchased any insurance? That's the only essential that I can spot missing ...

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