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Anonymous

11 May 2020

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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

07 Jun 2019

Assistant Vice President, IT EUC at OCBC

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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