I have $15k savings excluding emergency fund. I’ve been reading different investment articles and I’m still clueless. The only step I took was investing in SSB which is at $8k now. What should I do? - Seedly
 

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Singapore Saving Bonds (SSB)

Asked by Anonymous

Asked on 02 Nov 2018

I have $15k savings excluding emergency fund. I’ve been reading different investment articles and I’m still clueless. The only step I took was investing in SSB which is at $8k now. What should I do?

Any help?

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Leong Wen Fong
Leong Wen Fong, Economics and Management at University of London
Level 7. Grand Master
Answered on 02 Nov 2018

Unfortunately, investing is very dangerous when done blind. You have to understand them before you get into it, and not follow someone's advice blindly! But at least you have started on SSB, which is a step forward!

Here is Kenneth's advice from a similar question:

"Investing should never be a rash decision. One should get to know his financial health and his investing mindset such as risk preference better. Below are some articles to read up while understanding your personal investing mindset.

Adding on to this, you can look out for investment courses eg Dr Wealth to help you learn more about investing!

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Gabriel Lee
Gabriel Lee
Level 8. Wizard
Answered on 02 Nov 2018

Agree with Wen Fong! Start off by investing in yourself first - knowledge. Do not invest blindly in something that you do not know much about. Meanwhile, you can put it in a high savings interest account like CIMB FastSaver which gives 1% interest per annum or you can also consider CIMB's Fixed Deposit Christmas promotion which gives you 1.90% interest for 12 months!

Once you've learnt more, you can consider some low-medium risks investments like STI ETF and US ETFs via Robo-advisors

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