Heng Kai Le, Blogger at diaperfinancingfund.blogspot.com
Posted on 18 May 2020
personally I chose to top up my child’s CDA fund so as to benefit from the dollar-for-dollar matching from the government.
next I intend to look into endowment saving plans for him. Endowment plans don’t yield that much profit, so they yield more than saving accounts and their guaranteed cash components offer peace of mind.
probably will then buy ETFs or even shares for him. If your child is still young, you have a long investment horizon, so you can afford to wait and cash in when the time is ripe
there’s a similar thread here with some good insights: https://seedly.sg/questions/do-you-start-saving-or-invest-for-your-child-tertiary-university-education
dont forget to plan for your own retirement too!
Personally I feel that it depends on how much you are able to save per month. If the amount is substantial and you can afford some form of risk, then probably investment would be a good option for you. Then again it’s really based on the individual profiles. :)
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