Anonymous
How should I plan for investment or savings for my baby?
Baby is currently is 9 months and I would like to save or invest. I can set aside around $500 per month for him. This savings / investment purpose is for his further study or just a savings for his future use : buying property or something that he might need. I want to contribute this saving until he is 16 years old ( or whatever age before he is enlisted for NS if applicable )
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Hariz Arthur Maloy
21 Jan 2020
Independent Financial Advisor at Promiseland Independent
You have a 15 year investment horizon and can choose to build a globally diversified portfolio of funds starting with higher exposure to equity and slowly reduce risk by going into fixed income.
Or purchase a 15 year child education endowment plan.
Either way I would advise you to speak to a Financial Advisor, as there could be a good mix between using these 2 options.
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Pang Zhe Liang
21 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
The first priority for your child should always be complete healthcare for both accidental and outpa...
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Quick tip that the government will match up to 3k put into your child's CDA. That is if you put 3k into the CDA the gov will also put 3k!