Asked by Anonymous
Updated on 18 Apr 2019
My tuition fees are covered by a scholarship, and I have another $7k or so in an insurance that is maturing in 2 years, and I'm starting Uni soon. Thanks!
How big is your risk appetite, or how knowledgeable are you about investments? Of you are new to investing and don't want to manage anything on your own, consider Singapore savings bonds or even investing via robo advisories. You can select a portfolio based on your risk appetite for the latter. If you are willing to spend to learn an investing skill, consider paying to attend a workshop on learning how to manage an options portfolio. You can learn how to make money even when you are wrong about your selected stock. I'm personally using this instrument to fund my retirement in a few years. Hope this helps
It all depends on your risk appetite
Or simply leave it in a high interest savings account like CIMB FastSaver which gives you 1% interest per annum or fixed deposit account. CIMB is giving 1.84% for their 12 months FD until the end of this month.