I have about $2000 in my savings. Any suggestions on how I should I invest this amount? I thinking of putting $500 in Stashaway.? - Seedly
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StashAway

Anonymous

Asked on 23 Oct 2018

I have about $2000 in my savings. Any suggestions on how I should I invest this amount? I thinking of putting $500 in Stashaway.?

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Elaine Lim
Elaine Lim, Accountancy at Nanyang Technological University
Level 4. Prodigy
Updated on 07 Jun 2019

With 2k of savings, I’ll prefer to keep it in the bank for liquidity. Unless you’re talking about 2k savings per month, that’ll depend on your risk appetite for the choice of investment.

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Thanh Dat
Thanh Dat

23 Mar 2019

Agree with Elaine Lim, if you are working adult. Should have a least minimum 3 months of your monthly pay for raining day. The rest of the money will be additional which you can consider for investment.
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Gabriel
Gabriel
Level 8. Wizard
Answered on 23 Oct 2018

Depending on your risk appetite, you can consider the following options

  • Singapore Savings Bond

  • Temasek Bond

  • STI ETF

  • Robo-advisors (Stashaway/AutoWealth/Smartly)

  • P2P Lending (Funding Societies)

  • Blue chips

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