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Anonymous
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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Chin Guo Qiang (ITIL4 / CSPO / CSM)
07 Jun 2019
Assistant Vice President, IT Operations at Bank of China Limited
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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
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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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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.