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Anonymous

11 May 2020

Random

How much can I save and invest if I am an officer serving NS?

I'm currently in OCS, but going into unit life soon. It seems that I will be on 8-5, so is that a good time to start investing?

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Discussion (5)

Chin Guo Qiang (ITIL4 / CSPO / CSM)

07 Jun 2019

Assistant Vice President, IT Operations at Bank of China Limited

Depends on how much are you putting aside for NS allowance, on this investment. Maybe can start with $200 - 250, for Blue chip stocks, with regular dividend payouts. Do take note that share prices fluctuations are inevitable, so this is a long term strategy.

If not, can consider Singapore Savings Bonds, with min $500 fixed sum upfront, 1st year interest can go as much as 1.74% (Aug 2018 SSB), which is higher than high interest rate saving accounts, without additional criteria other than putting your money in. Dividend payout is automated every 6 months.

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Adrian Tan

11 Sep 2018

Cybersec at Secret

RSP, SSB if you wanna do a lump sum.

Since you are young, might wanna look into higher risk options though

Luke Ho

10 Sep 2018

Founder and Director at CFX Money Maverick Pte Ltd

It's always a good time to start investing, the earlier the better.

Your age is young, so I'd re...

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