How would you invest your bonus of 5000? - Seedly

Investments

Asked by Anonymous

Asked on 22 Oct 2018

How would you invest your bonus of 5000?

Thinking of 2000 - SSB, 1000 - Temasek Bond, 1000 - ETFs, remaining for emergency funds.

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It's a little hard to say, without knowing your financial situation exactly! It depends on:

  1. Whether you have emergency funds

  2. What you have already invested in

  3. Your knowledge of investing.

If you look around at some of the previous questions, you should always set asaide emergency funds for yourself before investing. Assuming that you have already done that, many of the community members here always advise to always frist invest in yourself.

This means that if you are new to investing, go learn about it first. Never get into something you don't know about!

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Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 22 Oct 2018

Put some in Singapore Savings Bond, StashAway and leave some funds in a higher interest account like CIMB FastSaver or CIMB's 1 year fixed deposit account at 1.84%

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Good Day Every Day
Good Day Every Day
Level 6. Master
Updated on 22 Oct 2018

Temasek Bond which pays a coupon of 2.7% per annum.

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