Anonymous

05 Mar 2020

∙

General Investing

I have 20k to spare, I have no knowledge of investments, where should I start?

My Intention:
I have 20k which I can safely spend. I have already capped the bonus interest with the OCBC 360 account, and I would like to avoid leaving the rest stale in banks. I am not exactly greedy about it, so I would prefer stable methods, which requires minimal attention.
I am currently looking into Blue Chip stock investment, but I am open to ideas.

My Qualifications:
I pretty much know nothing about investments.

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Frankie Rappaport

05 Mar 2020

#1 read a lot (ETFs, passive indexing, compounding effect, fee systems, ...)

#2 create emergency fund

#3 invest (passive U.S. & global large and cheap ETFs, S-REIT ETFs, pysical gold)

with #3 and a lot of knowledge you don't have to look often after your (very longterm invested) passive ETFs

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Vincent Tan Wen Bin

03 Jul 2019

Assistant Vice President at Thinkers Alliance

I would first use a teeny bit of the money to invest in my own knowledge and start reading some books on investments.
And if you are not too sure on what to start off with, you can always go through ETF, Robo or Funds that already help you to diversify in the first place.
And in this current market situation, you might want to consider investing through regular monthly investment instead of a lump sum.

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Hariz Arthur Maloy

24 Jun 2019

Independent Financial Advisor at Promiseland Independent

You can start by gaining some knowledge on investments and asset classes.

Knowing how to invest may...

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