Asked by Anonymous
Asked on 02 Nov 2018
Not married yet.Every mth still can save ard $500. Emergency fund set aside already. Thanks=) Recently started investing in ssb and stashaway (robo-advisor). My current portfolio has a prulink ilp (bought 7yrs back), a wholelife plan(bought 5yrs back), hospi plan. Premium for insurance is ard $3.6k/annum.Earning ard $45k/annum.
Top Contributor (Jun)
Hey Anon, since retirement is about 35 years away, you should look to invest into a globally diversified portfolio if you want something passive, or learn investing yourself if you want something active and save on costs.
However one thing I would like to say is that when you're single and without kids, you should try and save at least 50-60% of your income. If this is an issue, I suggest you look into your expenses and try to trim things down.
Before looking for new investment, re-examine what you already have so that you could identify any gaps that you could have. Work towards closing the gaps first before looking for new investment opportunities.
Maybe you can consider topping up your CPF to earn good interest. Just that you cant withdraw early.