Hi, i will be turning 30 next yr. Would like some advice if there any investment or retirement plans i can consider? - Seedly
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Anonymous

Asked on 02 Nov 2018

Hi, i will be turning 30 next yr. Would like some advice if there any investment or retirement plans i can consider?

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.

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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.

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Jason Sin
Jason Sin
Level 8. Wizard
Answered on 03 Nov 2018

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.

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Maybe you can consider topping up your CPF to earn good interest. Just that you cant withdraw early.

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